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

7877 Wildebeest Court, Las Vegas, Nevada 89149

3Bedroom(s)
3Bathroom(s)
1Picture(s)
1,572Sqft
The property at 7877 Wildebeest Ct, Las Vegas, NV 89149 is a residential single family home with 3 rnbedrooms and 3 bathrooms. It was built in 2005, is approximately 1,572 square feet and sits on a lot that is rnroughly 2,614 square feet. This Clark county winner may be just the one you are looking for. Check out the rnopportunity today.
$266,000

For Sale

1909 High Valley Court, Las Vegas, Nevada 89128

2Bedroom(s)
1Bathroom(s)
36Picture(s)
1,008Sqft
Nice 2 bedroom 1.75 bath condominium located in west Las Vegas, near restaurants and shopping areas and with easy access to the 95 freeway. Local parks and walking trails are nearby too. Inviting floor plan! The kitchen features tile countertops and vinyl flooring. Roomy master bedroom with a walk-in closet. Show today! All figures and measurements are only approximate.
$149,000

For Sale

4200 VALLEY VIEW Boulevard, Las Vegas, Nevada 89103

1Bedroom(s)
1Bathroom(s)
680Sqft
Location, Location, Location*Urban living at it's best*At walking distance to Rio, The Palms and overlooking the strip*Beautiful first floor unit in the popular Flamingo Palms*Guard Gated Community with amenities galore*Completely remodeled and ready for immediate move-in*Great potential
$159,900

For Sale

8021 Crystal Haven Lane, Las Vegas, Nevada 89123

3Bedroom(s)
2Bathroom(s)
15Picture(s)
1,446Sqft
HUD Home. This 1,446 SF Home, 3 Bedroom/2.0 Bathroom with Formal Dining and Living Room with Fireplace, rests on a 7,840 SF lot. Great area near shopping and the strip. It is a HUD Home, therefore it is sold "As-Is.
$287,000

For Sale

8021 Crystal Haven Lane, Las Vegas, Nevada 89123

3Bedroom(s)
2Bathroom(s)
15Picture(s)
1,446Sqft
HUD Home. This 1,446 SF Home, 3 Bedroom/2.0 Bathroom with Formal Dining and Living Room with Fireplace, rests on a 7,840 SF lot. Great area near shopping and the strip. It is a HUD Home, therefore it is sold "As-Is.
$287,000

For Sale

10753 Arundel Avenue, Las Vegas, Nevada 89135

4Bedroom(s)
2Bathroom(s)
82Picture(s)
2,148Sqft
Beautiful single story home in a gated Summerlin community. Open floorplan with large Great room! Kitchen has a built in oven, Granite countertops and island. Backyard has a putting green. Close to all the amenities Summerlin offers.
$468,000

For Sale

2921 Salt Lake Street, North Las Vegas, Nevada 89030

3Bedroom(s)
2Bathroom(s)
1Picture(s)
1,802Sqft
The property at 2921 Salt Lake St, North Las Vegas, NV 89030 is a residentialrnsingle family home with 3 bedrooms and 2 bathrooms. It was built in 1964, isrnapproximately 1,802 square feet and sits on a lot that is roughly 6,534 squarernfeet. This Clark county winner may be just the one you are looking for. Checkrnout the opportunity today.
$183,600

For Sale

712 Easy Street, Las Vegas, Nevada 89107

3Bedroom(s)
2Bathroom(s)
70Picture(s)
1,497Sqft
Classic Las Vegas home, minutes from the famous Las Vegas Strip with NO HOA! Enjoy the desert life in this single story home with easy access to local amenities and freeways. Traditional floor plan with sunken living room, kitchen with serving bar, dining room and an enclosed sun room that doubles as a covered patio.
$199,500

For Sale

316 Brent Court, Henderson, Nevada 89074

3Bedroom(s)
2Bathroom(s)
56Picture(s)
1,576Sqft
HUD Home. Green Valley Opportunity. Better hurry on this one! This 1,576 SF Home, 3 Bedroom/2.5 Bathroom with Family Room and Fireplace, rests on a 5,662 SF lot at the beginning of a Cut-de-Sac in a wonderful Henderson neighborhood. Great School District.
$295,000
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