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!
$650,000
Active
303 Hidden Highlands Drive Las Vegas, Nevada
4 Beds 3 Baths 2,855 SqFt 0.320 Acres
$200,000
Active
4928 Nellie Springs Court Las Vegas, Nevada
2 Beds 1 Baths 872 SqFt 0.110 Acres
$799,000
Active
7060 Falabella Ridge Avenue Las Vegas, Nevada
3 Beds 3 Baths 2,504 SqFt 0.270 Acres
$275,000
Active
2110 Clancy Street Las Vegas, Nevada
3 Beds 3 Baths 1,343 SqFt 0.050 Acres
$408,100
Active
7329 Cogburn Street Las Vegas, Nevada
3 Beds 2 Baths 1,770 SqFt 0.140 Acres
$272,000
Active
4832 Hot Springs Avenue Las Vegas, Nevada
4 Beds 2 Baths 1,680 SqFt 0.160 Acres
$350,000
Active
6207 Hamilton Avenue Las Vegas, Nevada
4 Beds 3 Baths 1,649 SqFt 0.068 Acres
$349,900
Active
6605 Colony Grant Way Las Vegas, Nevada
2 Beds 2 Baths 996 SqFt 0.110 Acres
$400,000
Active
9148 Watermelon Seed Avenue Las Vegas, Nevada
3 Beds 3 Baths 1,375 SqFt 0.060 Acres
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.
