There is a lot of confusion in the market place today as to what is the best way to purchase one of the many bargains in Las Vegas. Las Vegas Homes are selling at unbelievable low prices but if you don’t understand the process or don’t have help from an experienced Real Estate agent, you probably won’t have much luck. We hear people say on a daily basis that they have made several offers on properties that were not accepted or they tried to purchase a Short Sale only to find out months later that the offer was not accepted. When you find a home that you are interested in, and it’s a short sale, your Realtor needs to do some homework and find out what stage of the short sale process the home is in. If the list price is not approved by the bank, there could be a several month wait before you get an answer. If the home is a Bank Owned Property, the Bank has already approved the list price with the listing agent. This list price is usually very close to the bottom line they are willing to take for the home. The more experienced agents understand this and will work to help you get your offer accepted instead of rejected. 85% of the Las Vegas Homes that are sold in this market are Bank Owned because that’s where the real bargains are. Make sure your agent is experienced in Bank Owned Foreclosures and Short Sales.