Short sales can reward the patient buyer with a fabulous deal without getting into a bidding war. Despite the doom and gloom reported in the press about Las Vegas real estate, I can state that we are so busy with buyers shopping for great foreclosure deals, that the paperwork is becoming overwhelming. Well priced strip condo foreclosures are now getting multiple offers, and the bank's tactic of asking these multiple buyers for "HIGHEST AND BEST" pricing doesn't sit well with many of my investors and astute buyers.
If you are looking for a good deal on a foreclosure, you need to place a clean offer and get it submitted really quickly in the hopes of avoiding this potential issue of bidding against yourself. I have been encouraging our clients to place offers on some short sales if the agent who has the listing knows the ins and outs of the process. That way - once an offer is placed, the property goes into Contingent Status, and our client is in first position to get a solid value.
We just listed this 27th floor beauty in SKY on the STRIP at $315k. The seller paid in the mid $700k range and the views are just glorious - SHOWN BY APPOINTMENT ONLY with THE STARK TEAM as per the Seller's Request. All furniture will not be available for purchase and will be removed within a few weeks. Selling for less than 50 cents on the dollar this could be one of the best deals on the Las Vegas STRIP!
The STARK TEAM has sold over $50 million in condos in SKY and we have access to some non MLS luxury condos at very aggressive pricing. Call us at 702 376-5220.
To View all Condos for Sale and For Rent in SKY on the STRIP-CLICK HERE
To View all Foreclosures and Short Sales in SKY on the STRIP - CLICK HERE
SKY LAS VEGAS # 2711
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