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

2027 SOMBRERO Drive, Las Vegas, Nevada 89169

3Bedroom(s)
2Bathroom(s)
8Picture(s)
2,201Sqft
The property at 2027 Sombrero Dr. Las Vegas, NV 89169 is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 1963, is approximately 2,201 square feet and sits on a lot that is roughly 8,276 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$176,000

Single Family Residential For Sale

333 BERMUDA CREEK Road, Las Vegas, Nevada 89123

5Bedroom(s)
2Bathroom(s)
38Picture(s)
3,930Sqft
LARGE 5 BEDROOM HOME WITH ALMOST 4000 SQUARE FEET OF LIVING AREA AND AN INGROUND POOL; VERY SPACIOUS FLOORPLAN; HUGE KITCHEN WITH ISLAND AND DOUBLE OVENS FOR ENTERTAINING; SECONDARY ROOM VERY SPACIOUS; LOFT; COZY GAS FIREPLACE NESTLED IN THE FAMILY AREA; VERY LOW MAINTENANCE LANDSCAPING; JUST WAITING FOR NEW BUYER TO CAL "HOME".
$494,000

Single Family Residential For Sale

1001 RED HOLLOW Drive- North Las Vegas- Nevada 89031

3Bedroom(s)
2Bathroom(s)
1Picture(s)
2,203Sqft
The property at 1001 Red Hollow Dr. North Las Vegas, NV 89031 is a residential single family home with 2 bedrooms and 2.5 bathrooms. It was built in 1993, is approximately 2,201 square feet and sits on a lot that is roughly 11,326 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$304,000

Single Family Residential For Sale

2400 Goldfire Circle, Henderson, Nevada 89052

5Bedroom(s)
3Bathroom(s)
24Picture(s)
4,226Sqft
Welcome home to Henderson, Nevada. This two story five bedroom three bathroom home contains approximately 4,226 square feet. Built in 1999 this home includes a pool and an approximate lot size of 10890 square feet. Don’t wait on this one it will move fast.
$584,900

Single Family Residential For Sale

6222 HEATHER CREEK Place, Las Vegas, Nevada 89122

3Bedroom(s)
2Bathroom(s)
1Picture(s)
1,991Sqft
NEWER HOME*CONVENIENT LOCATION AT CLOSE PROXIMITY TO SHOPPING AND AMENITIES*LOW HOA FEES*GOOD SIZE YARD*ATTACHED TWO CAR GARAGE*GREAT POTENTIAL*
$260,000

Townhouse For Sale

2120 PINE BREEZE Lane- Las Vegas- Nevada 89119

3Bedroom(s)
2Bathroom(s)
40Picture(s)
1,834Sqft
Great location near the University and lovely community! Don't Wait to view this wonderful home!! Enjoy having a garage with direct access into the unit.
$194,900

Single Family Residential For Sale

2534 ROCKY COUNTRYSIDE Street, North Las Vegas, Nevada 89030

4Bedroom(s)
3Bathroom(s)
25Picture(s)
2,222Sqft
Spacious two story home. Open floorplan with vaulted ceilings. Front formal living/dining combo. Eat-in kitchen with island and breakfast nook. Four good size bedrooms and a loft, all upstairs. Extended three car garage. Great potential.
$225,600

Single Family Residential For Sale

1780 DESERT RIDGE Avenue- Las Vegas- Nevada 89031

2Bedroom(s)
2Bathroom(s)
1Picture(s)
1,069Sqft
NEEDS A LITTLE TLC.
$199,999

Single Family Residential For Sale

7312 BUTTONS RIDGE Drive, Las Vegas, Nevada 89131

5Bedroom(s)
3Bathroom(s)
5Picture(s)
4,135Sqft
BEAUTIFUL HOME IN A WONDERFUL LOCATION, NW AREA JONES/FARM, GATED. 4,135 SQ FT, 2 STORY HOME WITH 5 BEDROOMS, 3 BATHS WITH 2 FAMILY ROOMS SHUTTERS! GATED COMMUNITY ON A LARGE A LOT .
$587,000
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    Greater Las Vegas real estate auctions buyer’s guide was last modified: September 25th, 2019 by masouds