Condos for Sale in Las Vegas Present Financing Challenges
Take a peek at prices of condos for sale in Las Vegas. It is no wonder not a week goes by the last several years that I get multiple inquiries from buyers who see $20K, $30K, $40K condos for sale in Las Vegas online. These buyers are first time buyers, owner occupied buyers, investor buyers, second home buyers, vacation home buyers etc.
A very large percentage of these potential Las Vegas condo buyers also want to leverage these incredible bargains via financing. This is a problem here in our valley. It doesn’t matter what your credit score or income is. It doesn’t matter if these buyers are highly qualified to purchase a $500K condo home and only want to spend $40K. What matters to the lender or underwriter is the condominium certification.
There are several items in that condominium certification that could upset the apple cart and blow up financing on a condominium home sale:
The lender is looking for certain things in the Condo Certification that will determine if they will lend money on that specific condo property:
- Lenders want to see low investor concentration (rentals)
- Low HOA delinquencies
- No construction defect or other litigation against HOA or community
Showing properties
1 - 50 of 453.
See more Condos.
(all data current as of
5/15/2012)
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$85,000 : 8452 Boseck Dr 269, Las Vegas2 beds, 1 full, 1 part baths
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$79,995 : 5076 S Rainbow Bl 106, Las Vegas3 beds, 2 full baths
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$75,700 : 6170 E Sahara Av 1071, Las Vegas3 beds, 2 full, 1 part baths
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$71,990 : 4200 S Valley View Bl 2037, Las Vegas3 beds, 2 full baths
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$64,000 : 9129 Alpine Grove Av 101, Las Vegas2 beds, 2 full baths
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$64,900 : 2200 S Fort Apache Rd 2251, Las Vegas2 beds, 2 full baths
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$66,000 : 7570 W Flamingo Rd 226, Las Vegas2 beds, 2 full baths
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$60,000 : 3145 E Flamingo Rd 1039, Las Vegas3 beds, 2 full baths
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$59,000 : 8101 W Flamingo Rd 1096, Las Vegas2 beds, 2 full baths
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$52,000 : 714 Oakmont Av 1109, Las Vegas1 bed, 1 full bath
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$51,800 : 5710 E Tropicana Av 2168, Las Vegas2 beds, 2 full baths
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$45,000 : 7200 Pirates Cove Rd 2037, Las Vegas2 beds, 2 full baths
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$41,000 : 3318 N Decatur Bl 1068, North Las Vegas2 beds, 2 full baths
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$45,000 : 900 Heavenly Hills Ct 220, Las Vegas2 beds, 2 full baths
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$41,000 : 3318 N Decatur Bl 2066, North Las Vegas2 beds, 2 full baths
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$47,000 : 3145 E Flamingo Rd 1079, Las Vegas2 beds, 2 full baths
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$39,000 : 1553 Dorothy Av 3, Las Vegas2 beds, 1 full bath
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$39,888 : 2374 Cardiff Ln D, Las Vegas2 beds, 1 full bath
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$26,500 : 1808 N Decatur Bl 102, Las Vegas2 beds, 2 full baths
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$34,900 : 4200 S Valley View Bl 1096, Las Vegas0 beds, 1 full bath
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$42,900 : 3151 Soaring Gulls Dr 1210, Las Vegas1 bed, 1 full bath
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$199,000 : 32 Via Vasari 1103, Henderson3 beds, 2 full, 1 part baths
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$71,000 : 2866 Loveland Dr 2022, Las Vegas1 bed, 1 full bath
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$45,000 : 1301 Markwood Cr 201, Las Vegas2 beds, 2 full baths
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$39,700 : 3318 N Decatur Bl 1163, Las Vegas2 beds, 2 full baths
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$137,800 : 56 E Serene Av 418, Las Vegas2 beds, 2 full baths
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$99,000 : 32 Hudson Canyon St 1, Henderson3 beds, 2 full, 1 part baths
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$80,000 : 8452 Boseck Dr 207, Las Vegas3 beds, 1 full, 1 part baths
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$67,000 : 7701 W Robindale Rd 134, Las Vegas2 beds, 2 full baths
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$69,000 : 1985 Cutlass Dr 69, Henderson2 beds, 2 full baths
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$61,000 : 6250 W Flamingo Rd 27, Las Vegas2 beds, 2 full, 1 part baths
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$59,500 : 1303 Darlene Wy 203, Boulder City2 beds, 1 full, 1 part baths
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$49,900 : 5576 W Rochelle Av 42c, Las Vegas2 beds, 2 full baths
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$45,000 : 7200 Pirates Cove Rd 2108, Las Vegas2 beds, 2 full baths
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$39,900 : 1008 Willow Tree Dr B, Las Vegas1 bed, 1 full bath
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$39,950 : 3820 Wiggins Bay St 204, Las Vegas2 beds, 2 full baths
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$24,000 : 3041 Casey Dr 101, Las Vegas1 bed, 1 full bath
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$30,000 : 5325 Duralite St 103, Las Vegas1 bed, 1 full bath
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$99,900 : 270 E Flamingo Rd 116, Las Vegas1 bed, 1 full bath
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$87,000 : 9975 Peace Wy 2015, Las Vegas2 beds, 2 full baths
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$82,000 : 10241 Delray Beach Av 201, Las Vegas2 beds, 2 full, 1 part baths
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$69,900 : 5125 W Reno Av 2076, Las Vegas2 beds, 2 full baths
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$78,000 : 9000 S Las Vegas Bl 2044, Las Vegas2 beds, 2 full baths
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$69,000 : 6160 Rumrill St 134, Las Vegas2 beds, 2 full baths
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$62,900 : 5278 River Glen Dr 412, Las Vegas2 beds, 1 full, 1 part baths
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$60,000 : 6250 W Flamingo Rd 14, Las Vegas2 beds, 2 full baths
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$58,000 : 9325 W Desert Inn Rd 283, Las Vegas2 beds, 2 full baths
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$55,000 : 950 Seven Hills Dr 2122, Henderson1 bed, 1 full bath
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$65,600 : 7660 W Eldorado Ln 102, Las Vegas3 beds, 2 full baths
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$55,000 : 7885 W Flamingo Rd 2104, Las Vegas2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Definitely a problem getting condos financed and sold right. Even some of the best buildings in Chicago have HOA issues.
My recent post Comment on St. Charles IL Market Update | Single Family Homes | December 1, 2011 by Sharon Paxson
Hi Renee – great post about the challenges of getting condo financing in Las Vegas.