Foreclosures are getting harder and harder to find, but we’re here to help you in your search. If you are in the market for a short sale, foreclosed or REO property, please contact us to get the latest list. Though we display the most recent foreclosures listed in our MLS, not all properties make it online. They sell too quickly!
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 is imperative to close the deal. We are seasoned professionals knowledgeable 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.
You 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 possession 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 be in the know when it comes to foreclosures, you need a licensed real estate agent working for you on the inside. We’d love to help you keep track of the latest opportunities in Las Vegas.
If you want to view properties today, please don’t wait for an email reply, call us at (702) 919-5947 for the fastest service.