We get a lot of clients that search online and find our website. The main key words they type in seem to be Las Vegas home search, Las Vegas mls and Las Vegas free home search. One of the questions that seems to come up often is: “ Do you have access to the secret list of foreclosures that another company said that they have”? “They told us that if we would work with them, they would send us a copy of all the foreclosures that are not even available to the general public”. Well, I think it’s time to shed some light on this issue and I’m going to share with you the real secret. Are you ready? There is no secret list!
That’s right, no secret list. Why would a bank want to keep their foreclosures a secret? Wouldn’t the goal be to sell them as soon as possible and let as many professional agents know about them as fast as they can? Of course and that’s what they do. All bank owned foreclosures are listed with the board of realtors on the multiple listing service or MLS. If your agent has a current real estate license and is a Realtor, they have access to all the foreclosures on the market. Be careful if someone tells you different. Here are three tips to help you find the better buys.

1. Search the areas of town that were most affected when the market dropped. The areas of town that had the most foreclosures have the lowest asking prices.
2. Not all foreclosures are good buys. If the home has been stripped or damaged, be careful and check the comparable sales.
3. Area is everything and more important than the asking price. If you don’t know the area the home is in, get help.