Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale

Buying Las Vegas foreclosures for sale, watch this tutorial

Before the Great Recession, Las Vegas foreclosures for sale were few and did not sell at big discounts. That changed and our Valley became infamous for the high number of bank-owned homes or condos and high-rise condominiums listings selling at big discounts.

However, we are back to the good old days and the number of bank-owned listings in the MLS has been about 2% of total listings for a long time. As it comes to high-rise condominiums it has not gone past a handful.

The video below, buying Las Vegas foreclosures watch this tutorial, was recorded in 2015. In it, we talk about the low number of foreclosures which has greatly shrunk since then.

We also discuss different policies by banks about pricing their listings, when price drops can be expected and why bank owned homes or condos could be initially priced far above more upgraded non-distressed comps.

Video

The vast majority of Las Vegas bank-owned homes or condos for sale listings are in lower price ranges and due to a chronically tight inventory of listings, these listings do NOT offer the discount they once did.

Getting an offer accepted in the current market is another story; so we have prepared a page about what happens after making an offer on Las Vegas bank-owned homes or condos.

Foreclosed listings are sold as is, if you buy one and the roof comes down on your head, TOUGH. That is why home inspections are necessary.

It should be mentioned that after many foreclosure deals, for the first time ever the bank required us to forgo inspection for their fixer-upper home to accept our offer which we advised our client to reject immediately and he did.

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For Sale

81 HAWK RIDGE Drive, Las Vegas, Nevada 89135

10Picture(s)
20,038Sqft
Enjoy views of the surrounding desert from a distinctive .46 acre custom homesite that is park adjacent and promises the utmost in privacy and exclusivity. Located in the highly desired Summerlin community of The Ridges, this is one of the few remaining developable parcels available.
$2,300,000

For Sale

APN#126-09-602-005, Las Vegas, Nevada 89166

45Picture(s)
170,320Sqft
Located in growing lower Kyle Canyon with aproximately 361' of Kyle Canyon Road frontage. Stunning sunrises, sunsets, starry skies and city light views. Beautiful custom homes, equestrian properties and ranchettes in the area. Easy access to city amenities conveniently located a few minutes away. Room to roam with separation.
$750,000

Single Family Residential For Sale

140 Garmisch Court, Henderson, Nevada 89074

4Bedroom(s)
2Bathroom(s)
33Picture(s)
1,806Sqft
Nice 1 story home with 4 bedrooms and 2 baths with a larger lot located in a cul-de-sac in Henderson, close to shopping areas, restaurants, and the 215 beltway. Inviting floor plan with a living room and separate family room! The kitchen features tile flooring and tile countertops. Roomy primary bedroom with a walk-in closet. Cozy two-way gas fireplace.
$479,900

Single Family Residential For Sale

2452 Rue Bienville Way, Henderson, Nevada 89044

3Bedroom(s)
2Bathroom(s)
44Picture(s)
1,628Sqft
Gorgeous 3 Bedroom Home on Premium View Lot in Madeira Canyon! Entryway with an abundance of natural lighting leads you spacious great room w/ceiling fan and tile flooring. Open floorplan with oversized kitchen with granite countertops, breakfast bar, pantry, recessed lighting, and new ss appliances. Kitchen overlooks dining area with ceiling fan with view of rear yard.
$575,000

Single Family Residential For Sale

3534 Canter Drive, North Las Vegas, Nevada 89032

3Bedroom(s)
2Bathroom(s)
10Picture(s)
1,852Sqft
Make this 3 bedroom and 2 bathroom home your next home or good rental investment.
$433,010

For Sale

414 16th Street, Las Vegas, Nevada 89101

3Picture(s)
7,405Sqft
This property is land only. The lot is close to downtown Las Vegas, near multiple shopping areas and is within short driving distance to the I-15 and 95 freeway. Do not miss this one! All figures and measurements are only approximate. Buyer is to verify schools, measurements, and utilities.
$72,000
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds