There might be a lot of bank owned properties and short sales, but there are also a lot of buyers today. Vegas is like 50% cash purchases at current fair market prices. The people buying legit properties at or slightly below fair market are the people who will get the properties, and rent or hold them....
People who waste our time offering 80% of fair market are doing just that... wasting time. I have clients who buy millions of dollars of properties, they do so at fair market, and they are very happy.
I've tried working with 3 or 4 clients offering low ball offers, and the sellers simply come back with a WTF? and No. Not a counter, a bad attitude and a negative look at me.
If you want to save yourself some money, get a license yourself, and go work the auctions. Good luck.
Vegas is the extreme Market; number one place to buy, most foreclosures and short sales, and thus, a great example and experience for the rest of the nation.
Why would you get a license?
So you can make money, instead of pay someone else... So you know what you're doing when you're buying and reselling, and so you don't pay commissions to someone else... it's a deep process, so the point of getting a license is to be legally comfortable that you are able to buy and sell, and keep that profit that would otherwise go to an agent or attorney.
You might think auctions are easy... buyer beware.
I say get a license so when you buy you can deduct 3% from not having to pay a commission and then when you resell you can save up to 6%... that's huge.
Plus... why not take a look at Vegas, best place in the world to buy, today... according to Trulia and many other sources.
Taos is in New Mexico. What do market conditions in Las Vegas NV have to do with anything here?
Why would I get a license to go to an auction? An RE license isn't necessary to bid at an auction.
I asked if there are any investor friendly agents in Taos. I didn't ask if there were agents that want to troll at me from NV.