It is very common in Las Vegas to put in an offer "sight unseen," especially for lower priced properties. This is particularly true if you are not in Las Vegas and unable to run out to view them as soon as they are listed. As other agents have already pointed out, the competition is fierce in the lower price ranges, and there are usually multiple offers that go over list price. Quite often we take videos of the properties and send them off to our buyers so that at least they have a better idea of what they are getting into. The offers are then made contingent on viewing the property and doing inspections.
If you have a budget you need to stay within, it would be wise to consider properties that are listed slightly lower than your maximum as you may need to bid over list price to secure a particular property. Have you been set up on automatic updates so that you receive listings the moment new properties go on the market? You should also get a market analysis on those properties so that you know a good deal and are ready to jump on it as soon as it becomes available.
To get the newest listings as soon as they come on the market, go to: http://www.greatlasvegashomes.com/home-finder.php
In addition, we do have access to prelist properties that are not yet on the MLS.
Hope this helps!
Prudential Americana Group Realtors
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"