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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Condominium For Sale

350 Durango Drive, Las Vegas, Nevada 89145

2Bedroom(s)
2Bathroom(s)
5Picture(s)
1,188Sqft
Located on 1st floor, 1 level unit with covered patio. Property is close to shopping and public transportation.rnrnThis is an REO, Seller does not have a relationship with the Occupant and is not collecting rent. Please read Agent remarks and attached Occupied Property Addendum located in Documents tab. Thank you.
$139,900

Single Family Residential For Sale

7290 Sunny Countryside Avenue, Las Vegas, Nevada 89179

2Bedroom(s)
2Bathroom(s)
28Picture(s)
1,523Sqft
WOW!! ALL SINGLE STORY COMMUNITY !! Amazing one story home with two bedrooms, two bath home with a den that can easily be converted to a third bedroom! Large kitchen with a large island that you can seat the family around! Lots of expresso cabinets with beautiful granite countertops! Tile throughout with carpet in the bedrooms! Spacious and open family room right off the kitchen ! You just have to
$390,000

High Rise For Sale

2000 Fashion Show Drive, Las Vegas, Nevada 89109

1Bedroom(s)
1Bathroom(s)
30Picture(s)
910Sqft
Come see this beautiful unit located on the 3rd floor at the iconic Trump International Hotel. This home boasts a view of Downtown Las Vegas and the newly built Resort World! The primary bedroom is spacious and open with a full wall of windows that provide amazing light. The built in entertainment center and bookshelves provide amazing storage. This space feels larger than the sqft suggests.
$380,000

Condominium For Sale

6170 Sahara Avenue, Las Vegas, Nevada 89142

3Bedroom(s)
2Bathroom(s)
41Picture(s)
1,396Sqft
Home Sweet Home! Welcome to this East Valley Gem! Gated townhome community with two story homes and attached garages. With all the feels of a strue SFR at a townhome price! Great space downstairs for entertaining or relaxing with a large living room and a seperate space for dining.
$191,500

Single Family Residential For Sale

9824 Via Delores Avenue, Las Vegas, Nevada 89117

3Bedroom(s)
2Bathroom(s)
1Picture(s)
1,851Sqft
Beautiful travertine custom floors and a grand entry. Open spacious kitchen with granite counter tops and island that is open to family room. The 3 bedroom's are all upstairs and there are remodeled bathrooms too! Nice back yard with patio.
$420,000

Single Family Residential For Sale

11161 Gammila Drive, Las Vegas, Nevada 89141

4Bedroom(s)
4Bathroom(s)
12Picture(s)
3,699Sqft
Southern Highlands* 2Story/4bdrm/4bth/+Casita w/ Full Bath* 3Car* 3487squ ft* Courtyard* High Cathedral Entry Ceiling * Large Formal Living & Dining Area* Granite Counters* Island* Title Throughout Dwnstrs* Carpet Upstrs* Intercom System* Family Room w/ Fireplace* Spacious Bedrooms w/ Jack & Jill Bath* Kids Quarters area* Mountain Views* Primary Bath Separate Shower/Roman Tub* Large Walk-I
$530,000

Single Family Residential For Sale

9668 Padre Peak, Las Vegas, Nevada 89178

5Bedroom(s)
4Bathroom(s)
47Picture(s)
4,265Sqft
Quiet cul-de-sac. Open floor plan. Spacious living area 5 bed, 5 bath home. Granite counters, kitchen island. Generous bedroom down with en-suite bathroom. Master Bedroom is HUGE with large closet 3/way fireplace and sitting area. Master bath has double sinks, make up vanity, separate shower and soaking tub. Large bedrooms throughout home. Open loft with home office/storage.
$468,000

Single Family Residential For Sale

3880 Placita Del Rico, Las Vegas, Nevada 89120

3Bedroom(s)
2Bathroom(s)
11Picture(s)
2,900Sqft
Desert Oasis waiting for your rehab! 3 bedroom home on a tree lined street with gated community. Mature Landscape. Inground heated pool and spa in secluded backyard. This backyard will be great for entertaining. Interior needs some work.
$424,900

For Sale

6100 MOUNTAIN VISTA Road, Henderson, Nevada 89014

8Picture(s)
READY TO DEVELOP. PAVED, LANDSCAPING AND UTILITIES. OWNER VERY MOTIVATED. >>>>>OWNER WILL CARRY. <<<< LOW DOWN....E-Z TERMS...NO QUALIFYING. PLEASE DO DUE DILIGENCE. GLVAR FORMS OK...
$399,999
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