Whatcom million-dollar home sales are booming, but who’s buying and how do they pay?

Whatcom million-dollar home sales are booming, but who’s buying and how do they pay? By Dave gallagher. january 30, 2019 05:00 AM.

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Buyers will pay for any and all costs that come up. This occurs in super-competitive markets where almost 100 percent of listings close well above the starting sales price, meaning a seller will pay no costs and will make out like a bandit. Most people don’t want to sell because they can’t afford to buy a home where they already live.

Whatcom County experienced a big increase in home sales in 2015, but most of that growth took place outside of Bellingham. Last year local real estate agents sold 2,991 homes, an 18.1 percent jump.

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