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

3825 PASTEL RIDGE Street, North Las Vegas, Nevada 89032

5Bedroom(s)
3Bathroom(s)
20Picture(s)
3,079Sqft
AMAZING TWO STORY HOME*BETTER THAN NEW*VERY SPACIOUS LAYOUT WITH FIVE BEDROOMS AND THREE BATHS**BOTH FAMILY ROOM AND KITCHEN OVERLOOKING THE BACK YARD*HUGE KITCHEN ISLAND*COZY FIREPLACE*UPGRADED TILE FLOORING*GRANITE COUNTERS*VERY CONVENIENT LOCATION*GREAT POTENTIAL*
$349,900

Townhouse For Sale

1118 TAM O SHANTER, Las Vegas, Nevada 89109

2Bedroom(s)
2Bathroom(s)
19Picture(s)
1,400Sqft
Fantastic community! Ready for upgrades! Las Vegas Country Club Estates! Minutes from the Las Vegas Strip. Convenient access to schools, shopping, and restaurants. Convenient access to I-15 freeway.
$177,000

Single Family Residential For Sale

7549 LINTWHITE Street, North Las Vegas, Nevada 89084

3Bedroom(s)
1Bathroom(s)
25Picture(s)
1,718Sqft
Beautiful one story home on a large lot in Sun City Aliante. Enjoy 55+ community living with community golf and recreational facilities including tennis courts and exercise room. Move in ready home with unobstructed view. Enjoy summer BBQ's under stucco covered patio. Three large bedrooms. Easy to maintain desert landscaping.
$343,900

Manufactured Home For Sale

3125 GAVILAN Lane, Las Vegas, Nevada 89122

3Bedroom(s)
2Bathroom(s)
38Picture(s)
1,152Sqft
Inviting home on the east side ready for a little some creative TLC! This home is in a beautifully planned home community within walking distance to many amenities including the community pool and parks! Show today and move tomorrow!
$109,000

Condominium For Sale

4980 INDIAN RIVER Drive, Las Vegas, Nevada 89103

1Bedroom(s)
1Bathroom(s)
31Picture(s)
700Sqft
Turn-Key 1st Floor Condo! Fresh 2-Tone Interior Paint and New Flooring throughout! Kitchen features Granite Countertops, New SS Appliances, and New Luxury Vinyl Plank Flooring. Great Room with CF and Dining Area. Bedroom with CF, Bath with Tub/Shower Combination. Laundry Closet, Covered Patio, Covered Parking Space, & Programmable Thermostat.
$127,900

Townhouse For Sale

1702 EMPIRE MINE Drive, Henderson, Nevada 89014

2Bedroom(s)
2Bathroom(s)
34Picture(s)
1,200Sqft
Split Level Dual Master Bedroom Townhome with Loft! Kitchen Features Freshly Painted White Cabinets, New Decorative Laminate Countertops, New SS Appliances, Pantry, & Breakfast Bar. Great Room w/ Vaulted Ceiling, Gas FP and CF.
$249,900

Condominium For Sale

905 SULPHUR SPRINGS Lane, Las Vegas, Nevada 89128

2Bedroom(s)
2Bathroom(s)
14Picture(s)
912Sqft
2 bedroom 2 bath condominium located in west Las Vegas, near shopping and with good access to the Summerlin Parkway. The kitchen features laminate countertops and vinyl flooring. Cozy wood burning fireplace in the living room. Show today! All figures and measurements are only approximate. Buyer is to verify schools, HOA, measurements and utilities.
$130,000

Single Family Residential For Sale

1586 SIGNAL BUTTE Way, Henderson, Nevada 89012

4Bedroom(s)
2Bathroom(s)
20Picture(s)
2,813Sqft
Opportunity is knocking with this gorgeous 4 bedroom/2.
$400,500

Single Family Residential For Sale

3628 INDIOS Avenue, Las Vegas, Nevada 89121

3Bedroom(s)
2Bathroom(s)
36Picture(s)
1,548Sqft
New Roof, New Ac, Ton of Storage with a Work Shop and 2 Outside Sheds Garden Area Private Back Yard and Covered Patio Surround This Immaculate 3 bedroom 2 Full bath Home with Handcrafter Solid Wood Cabinet Thought Fully Remodeled Master Bath and Upgraded garage Conversion with Dule Pane Energy Efficient French Doors NO HOA and TONS of POTENTIAL ..
$222,500

Single Family Residential For Sale

10328 MARYMONT Place, Las Vegas, Nevada 89134

2Bedroom(s)
2Bathroom(s)
15Picture(s)
1,402Sqft
Serene living at the top of Sun City Summerlin with stunning mountain and valley views can be yours! Vaulted ceilings in the living and dining rooms, a cozy breakfast nook, covered patio with low maintenance desert landscaping, and separate bedrooms make this Reno floor plan one of the most popular in the community.
$302,000

Townhouse For Sale

100 CRESTLINE Drive, Las Vegas, Nevada 89107

2Bedroom(s)
2Bathroom(s)
28Picture(s)
1,104Sqft
BEAUTIFUL --- LIKE NEW 2 STORY Townhouse!! RENOVATED with BRAND NEW TILE FLOORING !!!! SUPER CLEAN!!!DECORATOR PAINT!! XTRA LARGE LIVING ROOM!! KITCHEN has GRANITE COUNTERTOPS //DESIGNER BACKSPLASH!! BALCONY OFF THE MASTER!!! GREAT LOCATION !!
$149,990

Single Family Residential For Sale

1024 GARY CARMENA Avenue, North Las Vegas, Nevada 89081

4Bedroom(s)
2Bathroom(s)
17Picture(s)
1,814Sqft
Nice one story home featuring 4 bedrooms, 2 baths and 2 car garage. Kitchen offers breakfast bar and lots of storage. Generously sized backyard.
$269,900
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds