Approximately 40-60% of our today’s sales are Las Vegas Foreclosures. If you are interested in buying a Las Vegas Foreclosure you should be aware of issues that impact our existing market.

1. Investors are snapping up Las Vegas Foreclosures in the $0-150K range quickly; they are aggressively moving back into our market.
2. Anticipate dealing with multiple offers on many Las Vegas Foreclosures, especially if they are in the “hottest” segment of our market (as above $0-150K).
3. Work with one of our Realtors who is a Certified Distressed Property Expert; he/she has taken specialized training to handle these types of real estate transactions, which will benefit you in a number of ways. We can help you during all phases of the purchasing process and your paperwork will in many cases go to the top of the stack at the finance institution, based on our CDPE designation for your Realtor.
4. Inspect your neighborhood carefully – meaning, drive around the area and take a hard in-depth look at the condition of the surrounding neighborhoods, shopping center, proximity to schools and shopping centers, the number of other Las Vegas Foreclosures, etc.
5. Be patient during the research process – it may take a while to find that special home that you want to purchase for your very own or as an investment.
6. Have your financing in place prior to starting the process – we are seeing more and more cash offers and you want to have your “ducks in a row” prior to starting the process.
7. Our market is moving quickly – June was a record month for Las Vegas Real Estate Sales; meaning, it’s a very dynamic market and good deals go fast in many cases.
8. If you are an investor it’s a much easier transaction working with a firm like RE/MAX CENTRAL of Las Vegas as we have turnkey services including Property Management,1031 Exchanges, Commercial Property Management. In fact, we have a dedicated staff who just handle Property Management for our clients.

This Blog post about Buying Las Vegas Foreclosures is rather brief; if you would like more details please click here to visit our Q&A page Buying Las Vegas Foreclosures or call 877.360.2030, info@LasVegasRelocation.com or follow us on Twitter: RuthAhlbrand.

Filed under: Las Vegas Foreclosure Buys, Las Vegas Foreclosures