Property Q&A in Scottsdale>Question Details

Valery, Home Buyer in Mesa, AZ

PLease I will like to know if there any offer on this condo. I am looking to buy and I have ben Approve

Asked by Valery, Mesa, AZ Mon May 4, 2009

My number is 480-452-9625

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Hi Valery,
I wanted to let you know that one of the units in Bella Terre (5335 E. Shea) has been reduced from $149,900 to $136,500. Another unit is currently listed for $125,000. Both of these units are approximately the same size as the one you inquired about. Call me at 602-828-7726 or email at and I’ll be happy to give you more specifics or run a search on the entire area for other homes that meet your criteria.
Colleen Luckey
Web Reference:
0 votes Thank Flag Link Fri May 29, 2009

If you have not been successful with your offers please feel free to contact me! I have had many approved offers on short sales.

Lucinda Tkach
0 votes Thank Flag Link Mon May 18, 2009
Hi Valery,
I have done many successful Short Sales and can help you write a back up offer on this home that would have a good chance of being accepted. If you have the time to invest, Short Sales are not something you need to shy away from. Call me at 602-828-7726 and I can explain the process. I live and work in the area and would be happy to help you explore all your options to decide if this would be the right decision for you to pursue.
Colleen Luckey.
Web Reference:
0 votes Thank Flag Link Mon May 4, 2009

Sorry this unit (#2046) is a short sale and currently under contract. The previous owner paid $315K for the property in Jan 2007. The bank trustee sale on March 5, 09 was for $216K.

Bella Terra is a great community. It was a condo conversion. I have a buyer currently purchasing a short sale in this community at this point in time. As mentioned by the other realtors, the short sale process is lengthy and sometimes frustrating.

There are 7 active listings, 5 under contract and 2 have closed escrow since Oct 2008. The average sold price per square foot is $129.20
This is a link to the units in this community.…
You can view the full MLS listing, property sales history and tax record. Zoom in on the map to determine the exact location of the unit within the community.

There are some great opportunities available in today's market.

Claudia Scott
John Hall & Associates
Scottsdale, AZ
0 votes Thank Flag Link Mon May 4, 2009
Hi Valery,

This property is currently listed for sale as a short sale, and as such, you must assume that there are already other offers submitted. Expect 2-3 months response time for offers on short sales. Also there is a 90%-95% failure rate of short sales, meaing that only about 5%-10% of short sale listings actually end up selling. The rest of them usually get foreclosed on and become REO foreclosures.

Depending on exactly what type of property you really want to buy, it may be a good idea to wait. In fact, I am advising most of my home buyer clients to consider waiting a few months before buying because I think there will be another round of foreclosures to hit our market soon. Now, more foreclosures coming to our market may or may not benefit you. Only you can decide that, but you need more information to reach that conclusion.

Buyer's Agent Realtor
0 votes Thank Flag Link Mon May 4, 2009
Valery, it is a SHORT SALE (Subject to lender approval), has a least one if not more offers on the property. You can contact your REALTOR to put in a backup offer (expect 60 to 90+ days for an answer).

If you would like to see other units in the same area click here:,12,1

I hope this helps.
Web Reference:
0 votes Thank Flag Link Mon May 4, 2009
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