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

1329 Keifer Lane, Las Vegas, Nevada 89128

2Bedroom(s)
2Bathroom(s)
90Picture(s)
996Sqft
Quaint 2 bed 2 bath condo with open floor plan. Nicely kept clean home taken good care by the owner. Features laminate and tiles floors, nice sized master bedroom. Located in desired neighborhood, with access to community pool, playground, and nearby shopping centers.
$150,000

For Sale

6383 HOTCHKISS Court, Las Vegas, Nevada 89110

5Bedroom(s)
3Bathroom(s)
32Picture(s)
2,882Sqft
The property at 6383 Hotchkiss Ct. Las Vegas NV 89110 is a residential single family home with 5 bedrooms and 3 bathrooms. It was built in 2000, is approximately 2,882 square feet and sits on a lot that is roughly 7,841 square feet. This Clark county winner may be just the one you are looking for.
$267,120

For Sale

1968 Troon Drive, Henderson, Nevada 89074

4Bedroom(s)
2Bathroom(s)
50Picture(s)
2,979Sqft
Nicely appointed home in guard gated Gallery community. Stone accents enhance the interior of this charming home! Vaulted ceilings, tiled fireplace & French sliders. Downstairs Master w/bath. Good sized bedrooms.
$571,200

For Sale

3994 Salisbury Place, Las Vegas, Nevada 89121

3Bedroom(s)
2Bathroom(s)
36Picture(s)
1,645Sqft
GREAT OPPORTUNITY TO OWN A PIECE OF VINTAGE VEGAS*VERY SPACIOUS LAYOUT*LIVING ROOM WITH COZY FIREPLACE*KITCHEN WITH CABINETS SPACE AND ADJACENT TO FORMAL DINING AREA*THREE BEDROOMS AND TWO FULL BATHS*ATTACHED TWO CAR GARAGE*BACK COURTYARD*GREAT POTENTIAL*
$210,000

For Sale

2708 CLOUDSDALE Circle, Las Vegas, Nevada 89117

4Bedroom(s)
2Bathroom(s)
36Picture(s)
2,655Sqft
NEW INTERIOR PAINT, CARPET, KITCHEN GRANITE COUNTER TOPS INCLUDING BACKSPLASH, ETC! Nice 2 story single family home with 4 bedrooms and 2.5 baths located in west Las Vegas in the Lakes subdivision, near shopping areas and restaurants. Inviting floor plan with a living room and family room. Roomy master bedroom with a walk-in closet. Show today! All figures & measurements only approx.
$384,900

For Sale

5549 Mountain Vista Street, Las Vegas, Nevada 89120

36Picture(s)
25,264Sqft
Fully walled in Rural Residential zoned lot on private street with Power, Water and Sewer in the street. The address in the listing is for the house that this lot is attached too. The seller is currently splitting the vacant land from the house. The sale will ONLY be the land and not the house. The land is located East of the house and is fully walled in with a gate for access.
$145,000

For Sale

1425 IRON HILLS Lane, Las Vegas, Nevada 89134

6Bedroom(s)
5Bathroom(s)
50Picture(s)
7,857Sqft
Beautiful two story fully renovated single family home located in Tournament Hills. New Elevator too. Must see floor plan with a living room, office, separate lower and upper family rooms. One upper bedroom has a mini kitchen. Master bedroom has a steam shower. The kitchen features an island, new appliances, walk-in pantry and new granite countertops.
$2,275,000

For Sale

1425 IRON HILLS Lane, Las Vegas, Nevada 89134

6Bedroom(s)
5Bathroom(s)
65Picture(s)
7,857Sqft
Beautiful two story fully renovated single family home located in Tournament Hills. New Elevator too. Must see floor plan with a living room, office, separate lower and upper family rooms. One upper bedroom has a mini kitchen. Master bedroom has a steam shower. The kitchen features an island, new appliances, walk-in pantry and new granite countertops.
$2,275,000

For Sale

2437 Antler Point Drive, Henderson, Nevada 89074

5Bedroom(s)
1Bathroom(s)
60Picture(s)
3,465Sqft
This beautiful 5 bedroom, 3 bath home backs to the Legacy golf course with fairway views*There is one bedroom and a 3/4 bath downstairs*The step down living room and family room both feature a fireplace and patio doors to the backyard*The chef's kitchen boasts a center island with cooktop, stainless steel appliances, granite counters and a large breakfast nook*There is also a separate formal dinin
$499,900
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds