With MGM CITYCENTER's announcement this past Monday of a 30% price cut, to incentivize pre-construction buyers to close escrow, came the analogy by  MGM/Mirage execs that this reduction would keep prices in line with those of TRUMP and Palms Place. To date, prices have held up quite well in both these hotel-condos. Today's MLS has a surprise. There are several SHORT SALES at TRUMP LAS VEGAS priced between $150k-$325k. 

CLICK TO VIEW THESE TRUMP TOWER SHORT SALES

VIEW OTHER LISTINGS IN TRUMP CONDOS LAS VEGAS

Short sales are a long shot in today's market. Nevada is a state in which the bank can seek a deficiency judgment against the seller and many are not amenable to letting sellers walk from their obligations because their investments didn't go as planned.  However, sometimes a bank does not want the inventory back on its books and the seller is willing to come to the table with part of the deficiency, and in a perfect world, the buyer gets a steal of a deal. 

The TRUMP LAS VEGAS units listed in the link above, are short sales that previously sold for $600k to over a million.  Cash only is acceptable on these units as there is no condo-hotel financing available. And the on site rental program is not a money maker for the owners by any means.  But for those wanting a stunning pied-a-tierre in a great high rise condo right off the strip - where you can walk to just about everything - These condos become extremely attractive at this price point.

Looking for a great deal on a condo on & near the Vegas Strip? Use our Las Vegas Condo oriented websites as your reasearch tools:

www.LasVegasLuxuryHomes.com

www.LasVegasForeclosureWorld.com

www.LasVegasCondoExperts.com

www.LasVegasHirisecondos.com

www.LasVegasCondoBargains.com

Keep track of the condos that are of interest and E-MAIL US:

junestark@msn.com

We look forward to hearing from you soon.