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.

Search Las Vegas bank owned homes, condos listings

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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Residential For Sale

8466 ILLUSIONARY MAGIC Circle, Las Vegas, Nevada 89131

5Bedroom(s)
3Bathroom(s)
3,904Sqft
This is Ranch style large lot house in a very nice, quiet and private neighborhood. Single story, well kept and maintained house. Single story 5 beds 4 baths 3 car garage with large lot and fully fenced backyard. Conveniently located near I 15 and I95, nearby shops and restaurants 20-30 mins away from the Strip. Seller is highly motivated priced below market needs to sell asap. Only cash sale.
$500,000

Residential For Sale

6212 LUMBER RIVER Court, North Las Vegas, Nevada 89081

5Bedroom(s)
3Bathroom(s)
5Picture(s)
3,520Sqft
Spacious 2 Story Home! 3520 sqft, 5 bedrooms, 3.5 bathrooms. Master bedroom downstairs w/ fireplace w/ 2 walk-in closets & Master bathroom/ separate shower and bathtub & 2 separate sinks, Family room w/fireplace. Open Kitchen w/Plenty of Storage, breakfast bar & Dining Area. Covered Patio in the back yard.
$315,000

Residential For Sale

21 SUMMIT CREEK Avenue, Las Vegas, Nevada 89031

4Bedroom(s)
2Bathroom(s)
24Picture(s)
3,856Sqft
Spacious 5 bedroom home located in North Las Vegas. Kitchen with lots of cabinetry, tile, and granite counter tops. Nice loft upstairs, bed and bathroom downstairs. Spacious lot size ideal for gardening. Buyer and Buyer's agent to verify all information.
$370,000

Residential For Sale

1134 SPORT OF KINGS Avenue, Henderson, Nevada 89015

4Bedroom(s)
2Bathroom(s)
12Picture(s)
1,837Sqft
4 bedroom, 2 bath beautiful single story home in Henderson! Large open floor plan with a HUGE backyard with a covered patio just perfect for entertaining!! You will know from the moment you walk in that you have found your forever home!
$300,000

Residential For Sale

652 SUMATRA Place, Henderson, Nevada 89011

3Bedroom(s)
2Bathroom(s)
14Picture(s)
1,520Sqft
2 story - 3 bedroom 2-1/2 bath in a gated community in Henderson
$229,900

Residential For Sale

433 BLACKRIDGE Road, Henderson, Nevada 89015

3Bedroom(s)
2Bathroom(s)
18Picture(s)
2,560Sqft
Wait until you see this home in Henderson! Beautiful layout , open floorplan, built in bar-b-que in the backyard in the sought after Black Mountain area!
$380,000

Residential For Sale

405 PINECLIFF Drive, Las Vegas, Nevada 89145

3Bedroom(s)
2Bathroom(s)
1Picture(s)
1,663Sqft
Short sale home in need of rehab.
$190,000

Residential For Sale

6480 MONDELL PINE Circle, Las Vegas, Nevada 89146

4Bedroom(s)
2Bathroom(s)
2Picture(s)
2,475Sqft
GREAT house in Las Vegas !! This property does have a pool, perfect for summer coming up.. Open floor plan and lots of room..
$375,000

Residential For Sale

211 OLEANDER Place, Henderson, Nevada 89015

3Bedroom(s)
3Bathroom(s)
37Picture(s)
1,896Sqft
PROPERTY IS A BEAUTIFUL TWO STORY, 3 CAR GARAGE IN A CUL-DE-SAC, HUGE BACK YARD WITH POOL AND TONS OF ROOM TO SPARE.
$315,000

Residential Rental For Rent

10134 SPARROW RIDGE Avenue, Las Vegas, Nevada 89117

3Bedroom(s)
2Bathroom(s)
16Picture(s)
1,389Sqft
VERY NICE ONE STORY HOME NEAR SUMMERLIN* 3 BEDROOMS* WITH VAULTED CEILINGS* SPACIOUS LAYOUT* HARDWOOD FLOORS IN HALLS/DEN KITCHEN AND LIVING* ALL APPLIANCES INCLUDED* FIREPLACE IN LIVING AREA*DESERT LANDSCAPED YARDS *LARGE MASTER BEDROOM W/I CLOSET* DUAL SINKS IN MASTER BATH*CUL DE SAC LOT* 2 CAR GARAGE*LANDSCAPING INCLUDED*
$1,495

Residential For Sale

643 PACIFIC CASCADES Drive- Henderson- Nevada 89012

3Bedroom(s)
2Bathroom(s)
27Picture(s)
2,207Sqft
BEAT THE SUMMER HEAT IN YOUR PRIVATE BACKYARD WITH SPARKLING POOL & SPA! THIS 3 BEDROOM HOME HAS A LARGE FRONT LIVING ROOM/DINING ROOM COMBO WITH VAULTED CEILING. LARGE FAMILY ROOM FEATURES GAS FIREPLACE AND OPENS TO KITCHEN WITH GRANITE COUNTERS, SS APPLIANCES & PLENTY OF CABINETS FOR STORAGE. SPACE OFF THE KITCHEN IS CONFIGURED AS AN OFFICE. DOUBLE STAIRCASE LEADS TO UPSTAIRS LOFT.
$370,000

Residential For Sale

576 ENGEL Way- Las Vegas- Nevada 89011

3Bedroom(s)
3Bathroom(s)
3Picture(s)
1,588Sqft
This home will not last!! Beautiful 3 bedrooms 2 bath home with a pool. Very clean and priced well below comps. Priced to sell ASAP. No rear neighbors. Oversized lot. Guest house has full kitchen, full bath, just needs some cosmetic work on outside.
$230,000
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    Las Vegas Foreclosures, Bank-Owned Homes or Condos for Sale was last modified: April 22nd, 2019 by masouds