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

5237 Pebble Beach Boulevard, Las Vegas, Nevada 89108

2Bedroom(s)
1Bathroom(s)
2Picture(s)
1,000Sqft
The property at 5237 Pebble Bch Blvd, Las Vegas, NV 89108 is a residential single family home with 2 bedrooms rnand 1 bathrooms. It was built in 1962 , is approximately 1,000 square feet and sits on a lot that is roughly 6,098 square rnfeet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$211,800

Single Family Residential For Sale

5549 MOUNTAIN VISTA Street, Las Vegas, Nevada 89120

4Bedroom(s)
1Bathroom(s)
28Picture(s)
3,368Sqft
Large lot. Close to schools, restaurants, and shopping. Convenient access to US-95/I-515 freeway. Basketball net. Barbecue stub.
$480,000

Single Family Residential For Sale

6221 KITAMAYA Street, North Las Vegas, Nevada 89031

4Bedroom(s)
2Bathroom(s)
28Picture(s)
1,967Sqft
Beautiful 2 story Southwest home. The kitchen boasts beautiful cabinets and new flooring. The large master bathroom offers double sinks as well as separate shower and bathtub.
$296,500

Single Family Residential For Sale

505 Regents Gate, Henderson, Nevada 89012

6Bedroom(s)
6Bathroom(s)
50Picture(s)
8,259Sqft
BEAUTIFUL LUXURY HOME NESTLED IN SOUGHT AFTER MACDONALD HIGHLANDS; COUNTRY CLUB LIVING; GRANDOISE ENTRY WITH SUNKEN LIVING ROOM; GOURMET KITCHEN WITH LARGE ISLAND, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES AND CUSTOM CABINETS; FAMILY ROOM WITH BUILT-IN ENTERTAINMENT CENTER; GREAT ROOM WITH WETBAR AND COZY FIREPLACE; MASTER SUITE WITH LARGE BALCONY, FIREPLACE, ATTACHED EXCERCISE/GYM; I MEDIA
$1,925,000

Single Family Residential For Sale

117 Celia, Las Vegas, Nevada 89145

3Bedroom(s)
24Picture(s)
1,620Sqft
1 story single family home with 3 bedrooms and 2 three quarter baths located in west Las Vegas near local shools, parks, shopping, and dining areas, and with easy access to Summerlin Parkway. Inviting floor plan! The kitchen features laminate countertops and tile flooring. Cozy 2-way fireplace in the living and dining room. Show today! All figures and measurements are only approximate.
$249,375

Single Family Residential For Sale

2192 Maple Shade Street, Henderson, Nevada 89002

3Bedroom(s)
1Bathroom(s)
26Picture(s)
2,084Sqft
No HOA with RV parking in the heart of Henderson! This two-story home features three oversized bedrooms, a large family room with a gas fireplace, and a kitchen large enough entertaining. Backyard opens into a large in-ground pool with attached spa and beautiful waterfall.
$399,900

Single Family Residential For Sale

42 Peachtree Hill Avenue, Las Vegas, Nevada 89183

3Bedroom(s)
2Bathroom(s)
24Picture(s)
1,741Sqft
The property at 42 Peachtree Hill Ave., Las Vegas, NV 89183 is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 2007, is approximately 1,741 square feet and sits on a lot that is roughly 2,178 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$273,400

Single Family Residential For Sale

1790 Belcastro Street, Las Vegas, Nevada 89117

5Bedroom(s)
2Bathroom(s)
50Picture(s)
4,873Sqft
Bringing out a classic Las Vegas home! Single story, one-of-a-kind custom estate located on a cul-de-sac. Enjoy the desert sunshine year round from the lush backyard under the covered patio, in the sparkling pool or on the large balcony with valley views. This fine estate has an open floorplan with large great room and upgraded flooring throughout.
$624,900

Single Family Residential For Sale

9760 Splendor Sky, Las Vegas, Nevada 89148

4Bedroom(s)
1Bathroom(s)
26Picture(s)
2,310Sqft
Nice 2 story single family home with 4 bedrooms, 1 full bath, 1 three quarter bath, and 1/2 bath located in SW Las Vegas near shopping and with easy access to the 215 beltway. Inviting floor plan with a living room and separate family room. The kitchen features a pantry and granite countertops. Roomy master bedroom with a walk-in closet. Show today! All figures & measurements only approx.
$314,500
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds