Each day, I get inquiries asking about Las Vegas high rise condo foreclosures from out of state would be buyers. Many of these inquiries are from folks in the northeast, longing for a winter pad near the world famous Las Vegas strip where they can get away from the gloomy grey winters and add a touch of the excitement that life in Las vegas has to offer. But foreclosures are not plentiful in this sector of the market.
What we are finding, is many Las Vegas high rise sellers biting the bullet and slashing their prices in an effort to liquidate their investment in the face of the reality that the days of making $200k on a flip are history.
The Sellers in Turnberry Towers Las Vegas Condos bought their units at the peak of the market & paid top dollar. The STARK TEAM tracks high rise condo price cuts daily, We have a list of the units that are selling way BELOW COST and some have been built out by the owners since Turnberry condos in Las Vegas, with the exception being the Signature at MGM Grand, has always deliveredits condos as bare shell. This means that they cannot be rented until the owners have painted them, installed wood or marble flooring & the carpet that is required in a high rise condo of this caliber. These additions often add $35k to over $75k to the bottom line.
Sometimes, a Bargain Priced High Rise Condo deal is Better than a Foreclosure!
Today we found a 1400+ sq. ft. high rise condo at Turnberry Towers that was purchased for $655k. The seller added wood flooring with inlays, mocah paint, window coverings and had listed it in the high $700k range. Today - the price was SLASHED to the high $590k range!
Want to locate the deals & bargains? Contact us Today! We know where they are!
