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

4418 PARKCHESTER Circle, Las Vegas, Nevada 89108

4Bedroom(s)
2Bathroom(s)
20Picture(s)
1,915Sqft
This is the one you have been waiting for, single story, 4 bedroom, no HOA.
$232,300

Single Family Residential For Sale

5705 NEGRIL Avenue, Las Vegas, Nevada 89130

4Bedroom(s)
2Bathroom(s)
15Picture(s)
2,304Sqft
The property at 5705 Negril Ave, Las Vegas, NV 89130 is a residential single family home with 4 bedrooms and 2 bathrooms. It was built in 2000, is approximately 2,304 square feet and sits on a lot that is roughly 7,405 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$349,800

Condominium For Sale

9580 RENO Avenue, Las Vegas, Nevada 89148

2Bedroom(s)
1Bathroom(s)
19Picture(s)
1,151Sqft
Ground floor condo in the South West!!! Large Kitchen with breakfast bar!!! 2 Master bedrooms!!! You will not believe the size of the walk in closet!!! Living room and dining room combo makes this an open floor plan. Patio faces North, there are no west facing parts of this unit which will keep utilities low. This property is close to everything, your client will love this location.
$169,900

Single Family Residential For Sale

2548 WILLIAMSBURG Street, Henderson, Nevada 89052

5Bedroom(s)
3Bathroom(s)
42Picture(s)
2,966Sqft
Beautiful 2 story home with large corner lot and spacious yard and pool size lot to enjoy family gatherings. Home needs some TLC and updating but ready for you to turn it to it's original beauty. Spacious rooms w/ bedroom and full bath on the 1st floor.
$449,900

Single Family Residential For Sale

2536 FURNACE CREEK Avenue, Henderson, Nevada 89074

4Bedroom(s)
3Bathroom(s)
1Picture(s)
2,514Sqft
The property at 2536 Furnace Creek Ave, Henderson, NV 89074 is a residential single family home with 4 bedrooms and 3 bathrooms. It was built in 1995, is approximately 2,514 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.
$378,300

Single Family Residential For Sale

8712 RHONDA BLAKE Avenue, Las Vegas, Nevada 89143

5Bedroom(s)
4Bathroom(s)
6Picture(s)
4,627Sqft
High potential 5 bed, 4.5 bath 2 story home above 1/4 acre with fairly easy front and back landscaping. Back exterior balcony with mountain views and plenty of room to input an inground pool. There is also a casita with its own bathroom located on site in the courtyard area with additional room for any atv/jet ski type vehicles.
$539,900

Single Family Residential For Sale

10540 LAUREL MOUNTAIN Lane, Las Vegas, Nevada 89166

4Bedroom(s)
3Bathroom(s)
8Picture(s)
2,516Sqft
Looks brand spanking new like a model home! Highly upgraded 4 bedroom 3 full bath. Fabulous open concept floorplan with large kitchen opening up to family room.Big bedrooms and huge loft. Full bed and bath down. Master has two large walk in closets.
$424,999

Single Family Residential For Sale

64 PROMONTORY RIDGE Drive, Las Vegas, Nevada 89135

6Bedroom(s)
4Bathroom(s)
36Picture(s)
10,591Sqft
AUCTION:Previously Offered for $7.95M.No Reserve.Open Daily 1-4pm and By Appointment.Stunning Home in Triple Gated Community The Point, Highest Elevation in The Ridges. The High Vaulted Ceilings, & Disappearing Glass Pocket Doors for Strip,Arnold Palmer Golf Course, City & Mountain Views.
$6,799,000

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.
$264,900

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.
$279,900

Single Family Residential For Sale

3921 FLEDGLING Drive, North Las Vegas, Nevada 89084

5Bedroom(s)
4Bathroom(s)
34Picture(s)
3,732Sqft
Beautiful Home/Guard Gated/Club Aliante Features 5 beds w. open floor plan, new carpet, new paint, new doors. Separate bedroom w. full bath the 1st floor. 4 Beds upstairs, 2 of the bedrooms share a Jack/Jill Bath. Master is very spacious w/ a stand up shower and oversized Tub. Spacious Backyard w/ covered patio to host family gatherings. Home is in good condition/Priced to sell.
$409,900

Single Family Residential For Sale

11329 HEDGEMONT Avenue, Las Vegas, Nevada 89138

3Bedroom(s)
2Bathroom(s)
24Picture(s)
2,155Sqft
WOW SUMMERLIN STUNNER RARE ONE STORY! Nice entry way leads you to beautiful kitchen that overlooks the entertainment room the master is perfect little get away make it your mini penthouse wiht relaxing master bath. The secondary rooms are good size. This home wont last act now.
$400,000
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    Greater Las Vegas real estate auctions buyer’s guide was last modified: September 25th, 2019 by masouds