Greater Las Vegas real estate auctions buyer’s guide

About Las Vegas real estate auctions

Greater Las Vegas real estate auctions provide buyers with a good opportunity to find bargains or fail miserably and some have lost tens of thousands of dollars due to simple mistakes.

The process of buying homes and condos at a real estate auction should be divided into separate categories, each needing a separate area of expertise.

Picking the right property to bid on and getting ready to bid

Those who want to buy homes, condos or high-rise condos from a real estate auction should spend a great deal of time on finding the right property which is not easy.

The first obstacle is that bidders are strongly discouraged from seeing the interior of these properties. So the bidder doesn’t have any idea about what the interior of the property looks like or in what condition it is in. If the listing was listed in the MLS prior to being auctioned off we can have an idea about what the interior looks like, but not the condition.

However, NOT all bidders follow these instructions and if the property is vacant they will try to enter the property. Bidders who do not trespass are at a big disadvantage. One bidder would take a locksmith to the homes that he wanted to bid, gain entry and change the lock.

The other issue is determining liens on the property which most will have.  Extreme care should be exercised when buying since liens for back taxes, back HOA fees, and some service fees like trash collection fees come with the property and have to be researched before bidding. Failure to do so and relying on the auctioneer reports which are given to bidders as a sample report can cost thousands of dollars.

After getting as much information as possible and determining total lien amounts, a comprehensive market analysis needs to be done to determine property value for the condition it is in and the highest bid amount. Then the bidder should start praying relentlessly that his/her desired home or condo will run as scheduled (not happening).

A house under a gavel representing Las Vegas real estate auctions

Bidding:

Bidding depends on the type of Las Vegas real estate auction including the Las Vegas Trustee sale real estate auction where the act of foreclosure takes place, live foreclosure and short sale auctions on Wednesdays or online auctions which we discuss in Bidding and buying from Las Vegas real estate auctions.

Like any other investment, profit gained is proportional to the risk taken. Our job is to manage the risk and maximize profits through buying at Las Vegas foreclosure real estate auctions.

We go into much more detail about Las Vegas real estate auctions in a series of blog posts:

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Single Family Residential For Sale

4036 LAUREL HILL Drive, North Las Vegas, Nevada 89032

4Bedroom(s)
2Bathroom(s)
23Picture(s)
2,152Sqft
The property at 4036 Laurel Hill Dr, North Las Vegas, NV 89032 is a residential single family home with 4 bedrooms and 2.5 bathrooms. It was built in 1992, is approximately 2,152 square feet and sits on a lot that is roughly 6,534 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$278,780

Condominium For Sale

4980 INDIAN RIVER Drive, Las Vegas, Nevada 89103

1Bedroom(s)
1Bathroom(s)
31Picture(s)
700Sqft
1 bedroom, 1 bathroom condo with large East facing balcony. Balcony views of beautiful community landscaping and close proximity to one of many community pools and amenities. Large living room with room, granite counters, cherry cabinets, upgraded baseboards and 6 panel doors.
$98,900

Single Family Residential For Sale

4619 STARTRAIN Drive, Las Vegas, Nevada 89031

3Bedroom(s)
2Bathroom(s)
16Picture(s)
2,099Sqft
The property at 4619 Startrain Dr, North Las Vegas, NV 89031 is a residential single family home with 3 bedrooms and 2 full bathrooms and 1 half bathroom. It was built in 1994, is approximately 2,099 square feet and sits on a lot that is roughly 6,098 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$254,400

For Sale

496 NORTH Circle, Las Vegas, Nevada 89119

4Picture(s)
7,841Sqft
Multi unit. No HOA.
$302,000

Townhouse For Sale

6134 PINE VILLA Avenue, Las Vegas, Nevada 89108

3Bedroom(s)
2Bathroom(s)
35Picture(s)
1,489Sqft
Great 3 bedroom condo with an attached 2 car garage in a gated community! You’ll love the open floorplan and the spacious kitchen with ample storage and prep space. Private backyard is waiting for you to turn it into our own oasis.
$185,000

High Rise For Sale

3930 SWENSON Street, Las Vegas, Nevada 89119

2Bedroom(s)
2Bathroom(s)
7Picture(s)
The property at 3930 Swenson St #212, Las Vegas, NV 89119 is a residential condo with 3 bedrooms and 2 bathrooms. It was built in 1975, is approximately 1,321 square feet and is part of the Wimbledon Tennis Club. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$138,200

High Rise For Sale

135 HARMON Avenue, Las Vegas, Nevada 89109

1Bedroom(s)
2Bathroom(s)
7Picture(s)
The property at 135 E HARMON AVE UNIT 2020, Las Vegas, NV is a residential condo property with 1 bedrooms and 2 bathroom, built in 2006 and is approximately 874 square feet. Check out this opportunity to live close to the best of everything that Las Vegas has to offer.
$294,800

Single Family Residential For Sale

6806 MAHOGANY MEADOWS Avenue, Las Vegas, Nevada 89122

4Bedroom(s)
2Bathroom(s)
9Picture(s)
1,601Sqft
This 4 bedroom home is located in a gated community with amenities that include a club house, a pool, tennis courts, a playground, and gate security. The home has a front porch and a tandem 2 car garage. The HOA has a rental restriction requiring owner occupied only. Property is occupied and occupants are not to be disturbed or contacted under any circumstances.
$219,900

Single Family Residential For Sale

2297 FEATHERTREE Avenue, Henderson, Nevada 89052

9Bedroom(s)
8Bathroom(s)
50Picture(s)
11,388Sqft
10,000+ SF Custom estate w/basement on 1/2 acre with own private gate and guard gate in the GVR Estates. Detailed coffer ceilings, travertine flooring, 3-story master closet, wrap around library w/ladder. Basement designed for theater seating. Backyard: 2 built in BBQs & fridges, covered patios, pool, spa & outdoor shower.
$1,788,500

Single Family Residential For Sale

4718 KAY Place, Las Vegas, Nevada 89107

4Bedroom(s)
2Bathroom(s)
16Picture(s)
1,239Sqft
The property at 4718 Kay Pl, Las Vegas, NV 89107 is a residential single family home with 4 bedrooms and 2 bathrooms. It was built in 1955, is approximately 1,239 square feet and sits on a lot that is roughly 8,712 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$183,200

Single Family Residential For Sale

2600 TROTWOOD Lane, Las Vegas, Nevada 89108

3Bedroom(s)
2Bathroom(s)
12Picture(s)
2,407Sqft
The property at 2600 Trotwood Ln, Las Vegas, NV 89108 is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 1988, is approximately 2,407 square feet and sits on a lot that is roughly 6,098 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$292,500

Single Family Residential For Sale

2009 SOMBRERO Drive, Las Vegas, Nevada 89169

3Bedroom(s)
2Bathroom(s)
1Picture(s)
1,676Sqft
Nice single story home featuring 3 bedrooms and two baths*Oversized lot*Central location, at close proximity to all shopping and amenities*Great potential*
$230,000
15 Results returned.Per Page
Greater Las Vegas real estate auctions buyer’s guide was last modified: September 25th, 2019 by masouds