Huge Las Vegas Real Estate Foreclosure Auction Scheduled!

Sept. 22, 2010 - PRLog -- Hudson and Marshall is back with a new auction of 153 properties in the Las Vegas Valley! This will be by far the largest auction they have held in more than a year. Auction properties will include every type of Las Vegas real estate, from small condos to single family homes to luxury high rise residences. The auction will be held at the JW Marriott hotel at 1 pm on October 9th, and auction properties will be held open for viewing the previous weekend on October 2nd and 3rd from 1 pm until 3pm.

In addition, early viewings and pre auction bidding are available through your Las Vegas real estate agent, and you should choose an agent that is thoroughly familiar with the auction process. Auction properties do NOT list prices, and your agent will need to do a lot of research to come up with an appropriate bid amount. Your agent’s commission will be paid by the seller and there is NO cost to the buyer. Since the auction house only looks at the highest bid, whether or not the buyer is representing himself or has an agent, it pays to have an experienced auction agent at your side!

One thing to keep in mind on auction properties is that there is a 5% buyer’s premium that will be added to the winning bid amount, so a Las Vegas home that goes for $150K will actually cost the buyer $150,000 plus the $7500 buyer’s premium in addition to normal buyer closing costs. Offers cannot be made with any kind of contingencies, including inspections, appraisal or financing. Escrows must close within 30 to 45 days, and on the day of the auction, successful bidders will be required to present a $2,500 non-refundable cashier's check as earnest deposit. (Many of these auction properties CAN be financed as long as your lender can close within the appropriate time period.)

To receive a complete list of Las Vegas foreclosures being offered, please contact us at sold@greatlasvegashomes.com and we will be delighted to send you the auction brochure, or fill out the online request form at:

http://www.greatlasvegashomes.com/las_vegas_real_estate_a...

And also check out our main site at http://www.greatlasvegashomes.com for our special "Top Ten" deals of the month.

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The Tonnesen Team of Prudential Americana Group Realtors has been selling real estate in the Las Vegas Valley since 1983. Nationally recognized as one of the top selling teams in the nation over the past 20 years, we handle a high volume of residential sales, luxury high rise condominiums, foreclosures, investment properties and vacant land sales.

Our team consists of 14 professional sales associates that each specialize in various facets of residential sales and marketing, as well as experienced management and administrative personnel. We take great pride in the level of service we are able to offer our clientele, with comprehensive support systems evolved over the past 27 years that are designed to handle your real estate transactions smoothly.

The Tonnesen Team - with over 27 years of experience helping families call Las Vegas "home!"