Bank Owned Las Vegas Homes
A fantastic opportunity to buy a Las Vegas Home from a motivated seller is in the purchase of Las Vegas homes that have been foreclosed on by the banks. Also called Real Estate Owned (REO) Homes, Bank owned homes for the most part are priced to sell. Keep in mind…. Foreclosure is the actual process of transferring ownership of the home back to the bank. “Bank Owned” also known as “Real Estate Owned” is when the bank actually has title to the real estate after the Nevada foreclosure process.
However, Just because it’s a Las Vegas Bank Owned Home or a Foreclosure, does not automatically qualify it as a fantastic deal. There could be numerous hidden defects and since these are mainly sold “As-Is” – it is imperative that you have experienced Las Vegas real estate representation that knows the different areas of Las Vegas and has ACTUAL Experience working with these types of properties and how to write up offers so the representatives of the banks selling these homes will accept yours.
You also need to remember that there is a reason why it went into Foreclosure to begin with and with our years of experience representing true Las Vegas real estate investors, we can help you make the right financial decision along with buying a home that has some future of desirability to buyers when you choose to turn around and sell the home.
Buying a Las Vegas Bank Owned Home
Just because a Las Vegas area home is being sold “as is”, you still have your rights during the process. Having a Las Vegas Realtor® with years of experience representing Your best interest will give you the confidence knowing that you are making the right decision. Understanding the buying process for a Las Vegas bank owned home is the first step in having a rewarding experience, or a nightmare.
Ready to Discover the enormous potential of buying Las Vegas Bank Owned Homes and to have a list of Las Vegas Bank Owned homes that meet your criteria? We have fantastic Las Vegas Bank owned homes available for first time home buyers to Luxury Las Vegas Homes in some of the most desirable communities such as Red Rock Country Club, Spanish Trail and Lake Las Vegas real estate.
Please call Paul Francis, CRS at 702.592.3058 or fill out the form below for more information.
(Fields marked with * are required.)