Whether you're looking to purchase a Las Vegas high rise condo, or just any type of Las Vegas property, save yourself some time and pass on the "Short Sale" deal. Short Sales are sexy... they're alluring.. and they're a total waste of time.

Most buyers will see "short sale" and put in a low-ball offer to see what happens. Well, what happens is the bank sees tons of these offers, and they don't like any of them. So they counter with "highest and best". Then they'll take what they consider the best offer and wait under the guise of determining whether or not to allow the sale.

What they're doing in real life is waiting for an even better offer to come to the table. Short sale buyers may wait months for their deal to move forward, and even then the bank can kill the deal anywhere in the process. Meanwhile, real deals and real bargains out there are taken by other investors and home buyers.

It happens with houses, it happens with condos, it happens with high rises. Here's my advice: foreclosures, YES... short sales, PASS.