Do yourself a big favor and find a good agent to help you with this process. The seller usually pays the buyer's agent fee, the buyerâ€™s agent has your fiduciary responsibility that they must abide by and you reap the rewards, usually at no cost to you. Anyone should be able to call that a good deal.
Luxury Valley Homes Scottsdale
Licensed REALORÂ® Arizona
I am the listing agent on this property, thanks for your question. McDowell Mountain Ranch is a very desirable area. It has beautiful mountain views, close freeway access, and lots of shopping and restaurants. They have a community center with pool, splash pads, basketball and tennis courts. Library, skate park, mountain bike trails are very close by, I could go on and on! The price is based on comparables in the neighborhood. The house right next door just sold for $405K on September 8th. It is the exact same floor plan except they have a pool, but only a 2 car garage. Yes, there are lower priced properties in the area, but those are short sales or bank owned properties. This is a traditional sale. I would be happy to answer all your questions, please give me a call.
Keller Williams Integrity First Realty
and if you called me personally I could let you know what would be a possible offer on that home
Are you ready to buy something up this way? love to assist
Been working in this area for 15 years, before this was even built!
call for a free consultation
Lynn Petronella Rose Realty.....480-314-1058
SRL REALTY GROUP
I stick to my first bit of advice >>> secure the services of a local, experienced buyer's agent. Otherwise, you're swimming in the deep end of the shark pool with no life preserver.
Yes, this is a bit on the high side, although homes can change in this area baesed on age, proximity to the freeway and builder and view lots. For you to compare, i have attached a link of the other 87 homes currently for sale within one mile of this home http://www.flexmls.com/link.html?rogs1l8zls1,12,1 . If you select a Realtor to represent you, they can get comparable recentl sales based on the features and neighborhood you are looking for.
Fee free to ask any questions.
Jeff Masich, Realtor
Arizona Homes and Land
I hope you have engaged the services of a competent Realtor to serve as your buyers agent. As your buyers agent I would be viewing the property with you, pointing out to you the pros and cons as well as then able to provide a real opinion of value after doing my research.
McDowell Mountain Ranch does have multiple small communities with in the larger scope that vary widely based on the lots, view, builder, quality level etc that are only really determined by doing the proper research. My last listing in McDowell was in Trovas and you just can't use other comparable homes to give it value. Great community, I love McDowell Mountain Ranch but its really easy to compare apples to oranges.
Good luck, be careful about making such large decisions based on an online format that really has limited information on the actual subject. Always glad to answer questions.
Your question has some open endedness (hey, I just added a new word to our vocabulary) to it which makes it very difficult to answer.
My suggestion would be to look at the trulia and zillow estimates for property values in that neighborhood so you can help educate yourself a little better on what the market trends are.
My suggestion would be to start low and expect a counter offer. Honestly, anything that is close to 400k under contract will be making the listing agent and seller dance with joy as the median price range is so low right now and buyers are focusing in on homes 130-150k right now so don't be afraid to show some buying muscle, but be realistic as well. the last thing you want to do is piss off the seller with too aggressive an offer.
If it's a home you fell in love with then you are probably going to have to be more sensible. This is a great and desirable area to live so you might keep that in mind when you present your offer.
Best of luck to you Dave,
Stew Keene - Home Smart Realty
Certified Short Sale Negotiator
There are apples to apples comparable homes for sale much lower than the $400,000 asking of this particular property. This information should be reviewed prior to making an offer. Even though the asking prices of the others are lower condition of the comparables is important too. I would suggest you look at them and then decide what you are willing to pay. If there are no competing offers on the home you prefer you can be a bit more aggressive and come to terms with the seller at a price agreeable to both.
I would suggest this home could garner a much better buy but do suggest you choose your own representation so your price and terms can be presented with experience.
It appears that the seller owes much less on this home but they may be of the mind set to see if they can "try" to sell vs actually sell because they "want" a certain amount out of the house in order to move to their next.
The best thing you can do is put an offer in and walk if it doesn't meet your best terms. My office is right down the road from McDowell Mountain Ranch...let me know if we can help.
All my best
Select Realty Group
Keller Williams Arizona Realty
Prices are all over the map because there are 23 Communities in McDowell Mountain Ranch.
For example the community of Trovas will be more expensive than Arizona Vintage
Trovas has larger lots, bigger homes, and it is GUARD GATED.
Arizona Vintage is NOT guard gated and the homes are on smaller lots.
Trying to do comparables in McDowell Mountain Ranch is tough because some homes have million dollar views, while other ones back to the High Tension Electrical Wires.
The last sale in that community SAME SQUARE FOOTAGE CLOSED ON AUGUST 11, 2010 and sold for $385,000 Here is the link:
It appears the agent is working off this comparable, even though this one had been completely remodeled.
In McDowell Mountain Ranch it's important to compare apples to apples. Same sub-division, same model, same square footage.
Hope this helps.
Terry S. Smith
44 Year AZ Resident
DPR Realty LLC
8341 E. Gelding Drive
Scottsdale, AZ 85260
Contact me Direct (602) 763-1858
I specialize in these areas. Are you currently working with an agent?
I will do some research and get back to you on this.
You can contact me via phone or email
Best advice - secure the services of an experienced, local real estate agent.
All the best!