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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Single Family Residential For Sale

7408 Petrel Street, North Las Vegas, Nevada 89084

3Bedroom(s)
1Bathroom(s)
1Picture(s)
1,718Sqft
Nice single story house in Sun City Aliante with 3 bedrooms, 2 baths, and 2 car garage. Property is located in an age restricted community.
$385,000

Single Family Residential For Sale

6804 Sheffield Drive, Las Vegas, Nevada 89108

4Bedroom(s)
2Bathroom(s)
13Picture(s)
1,741Sqft
NESTLED IN THE ADORABLE COMMUNITY OF SUNCREST GARDENS, THIS COZY HOME SITS ON A LARGE LOT.rnTHIS IS AN INVESTOR'S CHANCE TO BREATHE NEW LIFE INTO A GREAT HOME.
$310,000

For Sale

53 Pioneer Court, Las Vegas, Nevada 89107

8Picture(s)
22,651Sqft
A little over 1/2 acre and great if you are ready to built your own dream home.
$375,000

Single Family Residential For Sale

273 Snowy River Circle, Henderson, Nevada 89074

2Bedroom(s)
2Bathroom(s)
16Picture(s)
1,396Sqft
GREAT SINGLE STORY HOME IN GREEN VALLEY COMMUNITY* LOW HOA, 2 BEDROOMS PLUS DEN* 2 BATH,rnSEPARATE MASTER WITH WALK IN CLOSET, DOUBLE SIDED FIREPLACE, NEARBY COMMUNITY RECREATIONrnCENTER, SHOPPING, SCHOOLS AND FREEWAY ACCESS*
$345,000

Single Family Residential For Sale

524 HOPI Place, Boulder City, Nevada 89005

2Bedroom(s)
1Bathroom(s)
21Picture(s)
759Sqft
Cozy 2 bedroom with living and dining room. Wood floors. Fully fenced yard. RV gate, possibility for RV parking. Storage shed. Covered patio.
$300,000

Townhouse For Sale

2025 Joy View Lane, Henderson, Nevada 89012

2Bedroom(s)
2Bathroom(s)
15Picture(s)
1,137Sqft
Age Restricted! Cozy One Story Townhome in Beautiful Sun City McDonald Ranch. This 1 Bed 2 Bath Home Is A Perfect Fixer Upper. This Simple Layout Boasts A Large Family Room In Front And The Den With Double Doors Is Easily Converted Into A Second Bedroom. The Kitchen Has A Modest Sized Pantry And Dining Area.
$335,000
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds