Most people would expect to get a discount when buying a foreclosed home.But not in the Las Vegas Valley.Las Vegas home buyers on average received no discount at all in September when buying a seized home from a bank as compared to a traditional sale, according to a report out today from Seattle-based research firm Zillow. That’s down from a 3 percent discount in September 2011 and a 24 percent price break at its peak in October 2004.Phoenix was the only other metro area tracked by Zillow with no discount in September, while home buyers nationwide could expect a 7.7 percent price break.
via Price discount disappears for foreclosed homes in Las Vegas – VEGAS INC.
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