If you’re in the market for a new home in Las Vegas and looking for a deal, short sale homes may be worth considering. These properties are typically sold for less than what the owner owes on their mortgage, making them a potential bargain for buyers. Check out our list of the top 10 short sale homes currently available in Las Vegas.
What is a short sale?
A short sale is a real estate transaction where the homeowner sells their property for less than the amount owed on their mortgage. This is typically done in order to avoid foreclosure and the negative impact it can have on the homeowner’s credit score. The lender must approve the sale and may forgive the remaining balance on the mortgage. Short sales can be a good option for buyers looking for a bargain, but they can also be a complex process with potential pitfalls.
Why consider buying a short sale home?
Location, location, location: Top neighborhoods for short sale homes in Las Vegas.
When it comes to finding the best short sale homes in Las Vegas, location is key. There are so many great neighborhoods to pick from. These areas offer a variety of homes at different price points, so you’re sure to find something that fits your budget and lifestyle. Be sure to work with a local real estate agent who can help you navigate the market and find the perfect home for you.
Top 10 short sale homes in Las Vegas: Features and prices.
Our list of the top 10 short sale homes in Las Vegas includes a variety of properties with different features and price points. From spacious family homes to cozy condos, there’s something for everyone on this list. So why wait? Start browsing today and find your dream home!
$299,900
Active
1004 Stone River Drive North Las Vegas, Nevada
4 Beds 2 Baths 1,152 SqFt 0.15 Acres
$258,000
Active
1900 W Carey Avenue North Las Vegas, Nevada
3 Beds 2 Baths 1,056 SqFt 0.16 Acres
$260,000
Active
8250 N Grand Canyon Drive 2029 Las Vegas, Nevada
2 Beds 2 Baths 1,137 SqFt
$304,888
Active
5209 Silica Chalk Avenue Las Vegas, Nevada
3 Beds 2 Baths 1,195 SqFt 0.03 Acres
$277,000
Active
10245 S Maryland Parkway 2216 Las Vegas, Nevada
2 Beds 2 Baths 1,188 SqFt
$325,000
Active
6438 Rose Tree Lane Las Vegas, Nevada
2 Beds 2 Baths 1,072 SqFt 0.11 Acres
$384,900
Active
7412 Bewitching Court Las Vegas, Nevada
3 Beds 3 Baths 1,508 SqFt 0.04 Acres
$495,000
Active
2713 Rue Toulouse Avenue Henderson, Nevada
3 Beds 2 Baths 1,754 SqFt 0.22 Acres
$225,000
Active
1201 Sulphur Springs Lane 101 Las Vegas, Nevada
2 Beds 2 Baths 1,136 SqFt
Tips for navigating the short sale process.
There are several steps in the process. Step 1 you will make an offer to the seller and their agent. Once the contract is accepted then the next step is to get an approval from the bank. The process can be tedious and the bank may not approve the short sale. It may also take months for an approval. There have been several times when the bank will still negotiate the sales price of the home. Both the Buyer and Seller will always have to agree to the new sales price. Even after the new sales price is agreed upon the bank will need to approve the new terms. They can also negotiate the price yet again.
