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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Condominium For Sale

6255 ARBY Avenue, Las Vegas, Nevada 89118

2Bedroom(s)
2Bathroom(s)
8Picture(s)
1,220Sqft
A beautiful property in a sought after community in the southwest! 2 bedrooms, 2 bathrooms, with 1 Attached car garage.
$189,000

Single Family Residential For Sale

1713 SPLINTER ROCK Way, North Las Vegas, Nevada 89031

3Bedroom(s)
2Bathroom(s)
1,138Sqft
Welcome Home! Your single story abode awaits! Enjoy the winter desert nights by the fireplace in the living room! Tastefully updated with hardwood flooring and tile in main rooms.
$229,000

Condominium For Sale

8101 FLAMINGO Road, Las Vegas, Nevada 89147

2Bedroom(s)
2Bathroom(s)
19Picture(s)
1,042Sqft
THIS HOME IS A NEWLY REMODELED CHARMING CONDO LOCATED IN SOUTHWEST LAS VEGAS. THE INTERIOR BOASTS AN OPEN FLOOR PLAN, 2 BEDROOMS, 2 BATHROOMS, CUSTOM KITCHEN WITH GRANITE COUNTERS AND SHAKER CABINETS, LAMINATE WOOD FLOORING, AND ADDITIONAL BALCONY STORAGE. THE MASTER BEDROOM IS OVERSIZED WITH A WALK-IN CLOSET AND SEPARATE BATHROOM. ALL OF THIS IN A GATED NEIGHBORHOOD WITH COMMUNITY POOL.
$169,900

Single Family Residential For Sale

2482 RAM CROSSING Way, Henderson, Nevada 89074

4Bedroom(s)
3Bathroom(s)
21Picture(s)
3,297Sqft
Great Bank Owned Golf Course/Pool Home. Do not this opportunity to live in the Guard Gated Master Series @ Legacy in Green Valley. Home will be sold in as-is condition. Seller will not make any repairs. Diamond in the RUFF. Yard features a beach entry pool and Backs to the Golf Course. Great Loft upstairs overlooking the Family Room and Wetbar. Formal Living Room and Dining Room. Do not miss out.
$450,000

Single Family Residential For Sale

3192 TULAROSA Lane, Las Vegas, Nevada 89122

3Bedroom(s)
1Bathroom(s)
1Picture(s)
1,244Sqft
This is the one you have been waiting for , a great 55 and over community , all ready for your own decorative touches. 3 bedrooms, 2 baths, open kitchen with lots of cabinets , fireplace in family room, large yard.
$119,000

For Sale

8720 RUSTON Road, Las Vegas, Nevada 89143

2Picture(s)
20,038Sqft
$165,000

Single Family Residential For Sale

4036 LAUREL HILL Drive, North Las Vegas, Nevada 89032

4Bedroom(s)
2Bathroom(s)
23Picture(s)
2,152Sqft
The property at 4036 Laurel Hill Dr, North Las Vegas, NV 89032 is a residential single family home with 4 bedrooms and 2.5 bathrooms. It was built in 1992, is approximately 2,152 square feet and sits on a lot that is roughly 6,534 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$278,780

Condominium For Sale

210 FLAMINGO Road, Las Vegas, Nevada 89169

1Bedroom(s)
1Bathroom(s)
25Picture(s)
692Sqft
1 BEDROOM CONDO. GRANITE COUNTER TOPS, OUTDOOR BALCONY ALONG WITH TILE & CARPET FLOORING THROUGHOUT. MERIDIAN SUBDIVISION, GUARD GATED 16 ACRE RESORT LIKE DEVELOPMENT WITH GORGEOUS POOL, BARBECUE AREA, COMMUNITY CLUBHOUSE. BASKETBALL & TENNIS COURTS. COMMUNITY FITNESS CENTER. ABOVE & UNDERGROUND PARKING. MINUTES FROM THE STRIP.
$192,400

Condominium For Sale

4980 INDIAN RIVER Drive, Las Vegas, Nevada 89103

1Bedroom(s)
1Bathroom(s)
31Picture(s)
700Sqft
1 bedroom, 1 bathroom condo with large East facing balcony. Balcony views of beautiful community landscaping and close proximity to one of many community pools and amenities. Large living room with room, granite counters, cherry cabinets, upgraded baseboards and 6 panel doors.
$98,900

Single Family Residential For Sale

1338 CHRISTY Lane, Las Vegas, Nevada 89142

3Bedroom(s)
1Bathroom(s)
18Picture(s)
1,130Sqft
THIS HOME IS A RANCH STYLE HOME LOCATED IN EASTERN LAS VEGAS. THE HOME BOASTS 3 BEDROOMS, 2 BATHROOMS AND A 2 CAR GARAGE. THE FLOOR PLAN IS OPEN AND ENTERTAINING WITH A SPACIOUS LIVING AREA, THE MASTER BEDROOM IS OVERSIZED WITH A SEPARATE BATHROOM. THE BACKYARD IS POOL-SIZED AND WAITING FOR THE CREATIVE HOMEOWNER.
$179,900

Single Family Residential For Sale

4619 STARTRAIN Drive, Las Vegas, Nevada 89031

3Bedroom(s)
2Bathroom(s)
16Picture(s)
2,099Sqft
The property at 4619 Startrain Dr, North Las Vegas, NV 89031 is a residential single family home with 3 bedrooms and 2 full bathrooms and 1 half bathroom. It was built in 1994, is approximately 2,099 square feet and sits on a lot that is roughly 6,098 square feet. This Clark county winner may be just the one you are looking for. Check out the opportunity today.
$254,400

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.
$237,900
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Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: August 27th, 2019 by masouds