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.

Search Las Vegas bank owned homes, condos listings

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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Residential For Sale

8017 REDSKIN Circle, Las Vegas, Nevada 89145

3Bedroom(s)
2Bathroom(s)
28Picture(s)
1,792Sqft
This is a must see house. Completely renovated. Owner has spared no expense. Brand new kitchen. Brand new bathrooms. All re-done tastefully and esthetically gorgeous. Floor to ceiling beautiful brick wall and fireplace in the living room. This beautiful house is only few minutes from the freeway, close to major shopping centers and few block away from Tivoli Village, Boca Park.
$309,000

Residential For Sale

4912 HARMON Avenue, Las Vegas, Nevada 89121

2Bedroom(s)
1Bathroom(s)
2Picture(s)
926Sqft
House needs major repairs
$110,000

Residential For Sale

3220 BLACK JADE Avenue, North Las Vegas, Nevada 89081

4Bedroom(s)
1Bathroom(s)
23Picture(s)
1,952Sqft
MOTIVATED SELLER. This single story house is a located in a desirable community and is a GREAT BUY. Clean and move in ready. House has 4 bedrooms, 2 full bath. and 3 car garage. and 2 covered patios. Open floor plan with window blinds , mirrored closets and ceiling fans. Close to all amenities such as schools, groceries, restaurants and easy access to freeway..
$320,000

Residential Rental For Rent

3601 ASHLING Street, Las Vegas, Nevada 89129

4Bedroom(s)
2Bathroom(s)
23Picture(s)
1,794Sqft
Beautiful 4 bedroom home. Open floorplan with formal living room and dining room. Family room opens up to large kitchen. Enjoy relaxing in the beautiful landscaped front and backyard. Landscape included.
$1,650

Residential For Sale

4088 SHADOW WOOD Avenue, Las Vegas, Nevada 89121

5Bedroom(s)
5Bathroom(s)
5Picture(s)
2,130Sqft
OWNER WILL CARRY Unique single story home with 5 bedrooms and 5 baths. NO HOA! Large 2130 sq ft and 6,630 sq ft lot. Converted garage. All tile flooring throughout. Loads of potential but needs some TLC. Perfect for someone handy and ready to make it their perfect home. Contact listing agent Eric Schumacher 702-906-5915 for more details.
$279,000

Residential Rental For Rent

9704 ZIEGLER Avenue, Las Vegas, Nevada 89148

4Bedroom(s)
3Bathroom(s)
21Picture(s)
2,415Sqft
FULLY FURNISHED, PETS ARE NOT AN OPTION! Short term leases ok. Minimum 2 months. 4 bed, 3 bath & office/den, Prime South West Las Vegas location. Large chef's kitchen with marble counters, stainless appliances, huge family room.
$2,000

Residential For Sale

1425 PRICE Street, Henderson, Nevada 89011

3Bedroom(s)
2Bathroom(s)
31Picture(s)
1,578Sqft
Large fenced lot, over-sized double garage with water hook ups. new paint and carpet, move-in ready. 3 bedrooms, 2 full baths. very large walk in closet off hall. Lots of room in the yard and the over-sized garage for a mechanic hobbyist.
$259,000

Residential For Sale

6116 FAIRWOOD Circle, Las Vegas, Nevada 89107

3Bedroom(s)
1Bathroom(s)
25Picture(s)
1,350Sqft
Welcome to this spacious single story home located on a cul de sac with easy highway access. This 3 bedroom home includes a large bonus room (without climate control) and a ton of storage. Backyard has a huge covered patio and a 10 ft double gate for easy access for your RV/trailer/work truck. Home has a brand new water heater. AC recently replaced.
$199,999

Residential For Sale

2916 GRASSWREN Drive, North Las Vegas, Nevada 89084

3Bedroom(s)
2Bathroom(s)
29Picture(s)
2,570Sqft
Beautiful single story home in gated community at Aliante. All appliances and furniture included. Huge master and living room.....open floor plan with spacious kitchen.....large granite island and breakfast bar. Garage conversion can be used as an office or Casita. Plantation Shutters throughout......
$405,000

Residential For Sale

4041 GLIDING GULLS Avenue, North Las Vegas, Nevada 89084

3Bedroom(s)
2Bathroom(s)
37Picture(s)
1,918Sqft
Home Sweet Home! This Single Story Home is located in the Aliante Master Plan Community. It has 3 Bedrooms & 2 Bathrooms.
$325,000

Residential For Sale

2828 MT HOPE Drive, Las Vegas, Nevada 89156

3Bedroom(s)
2Bathroom(s)
27Picture(s)
1,240Sqft
Beautiful SINGLE STORY move in ready home waiting for you! 3 bed, 2 bath, 2 car garage with upgraded carpet, tile and wood laminate flooring , upgraded two tone paint, kitchen features granite counters with custom travertine back splash! New, no fuss landscaping in front and back with pretty shrubs and flowers! Light and open floorplan! A MUST SEE!!!
$245,000

Residential For Sale

6444 CLAREMORE Court, Las Vegas, Nevada 89110

5Bedroom(s)
3Bathroom(s)
50Picture(s)
3,168Sqft
LUXURY HOME WITH EXQUISITE ELEGANCE IN THE MIDDLE OF THE DESERT*GRANITE COUNTERTOPS WITH BACKSPLASH*PLANTATION SHUTTERS*CHANDELIERS*LARGE TILE AND LAMINATE FLOORING*FRESH PAINT IN ROOMS*UPGRADED KITCHEN CABINETS*STAINLESS STEEL APPLIANCES*RV PARKING*TWO SHEDS*HIS AND HER CLOSETS*FIREPLACE IN MASTER BEDROOM*CEILING FANS OUT ON THE PATIO AS WELL AS INSIDE*GORGEOUS POOL WITH WATERFALL AND SPA*NEW PAT
$459,000
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 5th, 2019 by masouds