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The Adams Team at
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We work with many retired couples who choose this area for the convenience and frankly, the unique fun the area offers.
We would love to show you some of the opportunities that are available in this area.
Contact us at http://www.LuxeVegasRealty.com
1 bed under $100,000.
David Cooper Superior Investment Results Since 1994
READ MORE http://www.lasvegaswinner.org
Call me At 1.888.616.6226 RIGHT NOW!
I have 2 1 bed 1 bath with great resale potential.
Please call me when you have a moment and we can discuss your criteria and time frame...
Hank Lauzon III
Signature Real Estate Group
9525 Hillwood Drive #120
Las Vegas, NV 89134
Web : http://HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.
You should consider both traditional sales and foreclosures to make sure you know what ALL your options are. Because there are so few foreclosures on the market in Las Vegas these days, they are not necessarily any less expensive than a traditional sale.
And you should always take into account the condition of the property. Foreclosures are generally offered "as is where is." That does NOT mean they are in poor condition, but if minor repairs are necessary, the banks will not do them. They will only make major repairs which affect habitability.
The biggest question when purchasing a condo is actually: ARE YOU FINANCING? Most condo projects in Vegas are NOT financeable. The banks won't finance in projects that have a very low owner/occupant to second home/investor ratio. With Las Vegas being a winter destination (just what you are looking for!) we have a lot of second homes here. So if you plan on financing, it will definitely restrict the number of choices you have. You may also want to consider town homes. Generally speaking, financing is much easier on those and the lifestyle (lock and go!) is very similar.
That being said, we have some LOVELY areas to live in that are convenient to stores, hospitals, and bus lines. You didn't give a price range or size that you needed, so I wasn't able to send you a link with hand selected properties. Bbut you can view all the current condo listings at:
This is a local site and the listings are updated every morning so you don't spend hours viewing properties that are already under contract or even sold like you do on the national sites. If you would like to share more information on your size and price range requirements, I will be glad to do a personalized search for you based on local knowledge.
Hope this helps!
Prudential Americana Group Realtors
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
There are already some pretty good responses to your question below regarding pros/cons of a foreclosure. The bottom-line is that unless you have a lot of time and patience, it may not be the right way to go and worse, should the deal go sour you could very well miss out on a property you would've loved to have purchased that was a traditional sale.
One of the great things about Vegas is that there are some really cool properties here and with interest rates still very low, you can get a good deal on home you will love. Please don't hesitate to call me if you have any questions, or would like to start seeing what's available.
Keller Williams Realty - Southern Nevada
The biggest advantage you will have in buying a Bank owed Property in todays market is if you are doing an FHA (3.5% Down) or VA Loan. You won't have a seemingly competitive disadvantage. Some bank (Homepath) also offer a 30 day look see for owner occupiers to get first chance before the house is open for investors.
The negatives, in the past, bank owned properties usually meant lower asking price. Today that is just not the case. Ask your agent to run a comp on the property to give you the appropriate approximate price the should be listing the property at, to make sure the bank isn't making you "pay" for that 30 day look see advantage.
You have a lot of wonderful choices her in Las Vegas. We have fabulous east side neighborhoods as well as semi-urban west side neighborhoods that are not to far from the strip. Each area has great shopping close by and would be convenient for the bus routes.
Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
currently in Las Vegas, the largest inventory of homes us equity sale. Although we do see a small increase of bank owned properties into our inventory.
Buying a bank owned property or from equity seller is about the same with the exemption thT we you purchase a bank owned property most likely it will need more repairs done andin most cases the bank dose not know the condition of the property.
Many buyers have the impression that when buying property from the bank, they are getting " better deal " , just to realize that in some cases they are paying more tans getting caught in the excitement if bidding war.
I would suggest to look at both bank owned Short sales and equity sale properties to be able to find your perfect condo and see what's available in the market so you can compare.
To receive a customized search for condos, please contact me at 702-992-7754 or email email@example.com.
You can also search for all the homes for sale in Las Vegas at http://www.cvegashomes.com
To receive a FREE market conditions Las Vegas including sales by zip code, contCt me.
I would like to help you find a nice one that fits your needs. If you will give me a call at 702-370-1072 or you can reach me via email if you prefer at firstname.lastname@example.org and I will be happy to assist you. I will send you everything that's available based on your criteria and I will include the HOA fees in your view so you can take that fee into consideration as well.
Foundation Realty, LLC
702-370-1072 - Direct
Disadvantages - Buyer beware.
Buying a foreclosure requires the buyer to be more thouough regarding their due diligence. This can not be overstated.
Then, as Bill pointed out, what may appear to be a good deal can become less of a deal when you become the owner.
Give Nakia a call. Your best insurance to acheive your goal is to have a great guide.
Nakia even provided a telephone number.
Best of success,
Annette Lawrence. Broker/Associate
Remac Realtec Group
Palm Harbor, Fl
The only advantage of purchasing a "foreclosure" is that they typically represent the best values for property sales. This doesn't mean they are the best options because a foreclosure that needs 50k in repairs that is selling for 15k less than a property that requires nothing, may not be a good consideration.
My advice is to consider the entire market when buying property. Those that narrow their search to one small corner of it could be eliminating their best options.
Hope this is helpful.