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Las Vegas Foreclosures - How Buy

Even though the banks are not releasing the large number of foreclosed homes as they were previously. They are still out there to get. It is absolutely still a fabulous market for investors to get great deals!

You want to make sure before you pour your money into repairs that the home will be worth it in the end. Understanding the foreclosure process which includes the risks involved are imperative to close the deal. We are seasoned professionals knowledgable in all aspects of buying and selling Las Vegas, Henderson, and Boulder City foreclosed homes. If you have any questions please don't hesitate to ask us.

A short sale is actually opposite of what it sounds like. The process that it takes to get an approval from the bank can take on an average of 6 months or more.

Las Vegas Area Foreclosure ListingsYou can also purchase a foreclosure through an auction. You are usually bidding against experienced investors and the properties can only be purchased with cash, no financing. The investors can hire many real estate experts to search for these homes at auction. Even though these can be great deals, some of the properties will need to be refurbished which can also take more cash to complete.

You will hear the term REO which stands for "real estate owned." These are properties in which the bank took posession of the property to sell traditionally when the auction was unsuccessful. These homes are discounted between 10-20% less than market value. Some REO homes will be in very good condition and some will need an extreme amount of repairs and updates. It is always a good idea to bring a licensed contractor or inspector along to estimate the cost of repairs or replacement will be needed to make a decision on proceeding with an offer.

To purchase a great foreclosure property is to be educated, thorough and patient with the process. The most important aspect to finding a foreclosure property is working with a real estate agent highly skilled in negotiation and understanding the buyers expectations!

For more information on foreclosed properties in the Las Vegas and Henderson area please call us at 702-845-8540.

Latest Las Vegas Foreclosure Listings

4683 Ametrine Court, Las Vegas image
4683 Ametrine Court, Las Vegas $379,000

Excellent location near the Las Vegas Strip and Airport. VERY close to great shops and dining. OUTSTANDING VALUE FOR A STARTER HOME! WON'T LAST! OUTSTANDING RENTAL! $1900...

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  • 2 Beds
  • 3 Baths
  • 2472026 MLS
  • 1,604 SqFt.
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1009 E Saint Louis Avenue, Las Vegas image
1009 E Saint Louis Avenue, Las Vegas $400,000

Nice 5 bedroom home. Huge yard. Close to school. Occupied by tenants on a month to month.

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  • 5 Beds
  • 3 Baths
  • 2471688 MLS
  • 2,217 SqFt.
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6429 Cambric Court, Las Vegas $345,000

NEWLY BUILT HOUSE 2020 IN THE SOUTH EAST PART OF LAS VEGAS! 3BED 2.5 BATH, 2 CAR GARAGE, CARPET ON 1ST FLOOR AND 2ND FLOOR, GRANITE COUNTER TOPS, 2 STORY, YOU WONT HAVE P...

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  • 3 Beds
  • 3 Baths
  • 2471590 MLS
  • 1,603 SqFt.
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2720 King Louis Street, Henderson image
2720 King Louis Street, Henderson $1,175,000

Updated estate in guard-gated Madeira Canyon, large bright looking kitchen featuring Quartz counters, stacked backsplash & well done custom cabinets. Kitchen features sep...

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  • 5 Beds
  • 6 Baths
  • 2470217 MLS
  • 4,805 SqFt.
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2156 Twin Falls Drive, Henderson $735,000

Tile throughout Kitchen, Great Room, Hallways, Bathrooms. Carpet in Den and bedrooms. Primary bedroom has large walk-in closet with plenty of space. This "Saratoga" mo...

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  • 2 Beds
  • 3 Baths
  • 2471554 MLS
  • 2,638 SqFt.
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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
LVR MLS deems information reliable but not guaranteed.
Copyright 2023 of the Las Vegas REALTORS® MLS. All rights reserved.

The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Henderson, NV 89052

Ph: 702-845-8540

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