Las Vegas Real Estate Agent, Las Vegas Homes, Condos, Land, Commercial Real Estate and Personal Blog

About Allure, Las Vegas and issues involved in buying high rise condominiums in Las Vegas and buying from a Las Vegas real estate auction

Allure high rise condo, Las Vegas is going to auction 10 luxury condo units this Saturday April, 18^th. I have done a six part blog about Allure, Las Vegas. In these blogs I have provided buyers with the history of condo sales at Allure and rental comps for their condo units for real estate investors who wish to invest in Allure Las Vegas high-rise condominiums. I also discussed why Allure can’t be built at the current selling prices and since the vast majority of unsold high rise condos for sale are condo hotels, residential high rise condos in Las Vegas will be sold out at some point in the future and at that time prices should go up from their present levels. Please see the first and last blog post about Allure below.

Las Vegas high rise and mid rise condominiums and luxury condos, about Allure part one

Allure High Rise Condo Towers, Las Vegas high rise condominiums and luxury condos pricing part six

Few pictures from Allure Condominium Tower and Parisian Palace in Las Vegas

And I have discussed issues involved in buying a high rise condo in Las Vegas in a two part blog

Issues about buying Las Vegas, Nevada new high-rise and mid-rise condos

Buying Las Vegas, Nevada new high-rise and mid-rise condos continued

I have also discussed the process of a real estate auction in Las Vegas in the web-site pages

Las Vegas Real Estate Auctions

Bidding and Buying from Las Vegas Real Estate Auctions and What Could Defeat Bidders

Sarah at Allure’s sales office e-mailed me their last price sheet and the asking price for their luxury condos have dropped significantly from my last blog.

I have removed the price sheet due to request from the builder’s sales office. I am doing it strictly as a favor which will not be repeated.

Check out the price per square foot for these luxury condos, my all time favorite high rise condo unit in Las Vegas. Allure’s 1828 square foot condo with two balconies is priced at $230-$272 per square foot, they throw in the balconies. Allure’s builder is not making any profit at these prices.

About the high rise condo auction at Allure, Las Vegas

Real estate auctions dispose of unsold real estate in Las Vegas and the high rise condos that are going to be auctioned have been advertised as defaulted condo units. The builder doesn’t expect to and will not get above pricing from winning bids, so it is possible to get these at significant discounts. If you are in the market to buy a residential high rise condo within minutes of the Strip, this is a darn good opportunity to get a bargain.

I certainly hope that you have read the pages about real estate auctions in Las Vegas as the auctioneer is not representing the buyer and is working for the seller, so I highly recommend that you be represented by a Las Vegas Realtor, preferably me.

These condo units are being sold as is and the bidders are expected to do their due diligence before they bid.

A non-refundable Personal check shall be made payable to: Nevada Title in the amount of 15% of the final sale price, due immediately after being declared the winning bidder. Only cash buyers are permitted to bid, no financing at this auction, balance is due in cash at COE within 30 days from auction date.

One last point, this is not an absolute auction, the bidders have to meet or come close to the reserve, or the minimum price that the seller is going take, or Seller reserves the right to accept or reject final bid Price.