what is the current market value of this property, 5843 e tierra buena lane, scottsdale, az 85254?

Asked by Ednab, Scottsdale, AZ Thu Apr 12, 2012

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Laura Myers…, Agent, Scottsdale, AZ
Tue May 8, 2012
The current market value of any property is what a buyer is willing to pay and a seller willing to accept. However in a short sale negotiation the sellers lender has a valuation process that may negate that causing you to reconsider the price agreed on originally.

When you go after a house look at what was recently sold that is apples to apples of the home you like and in this market sellers can sell a bit higher if demand warrants it.

Rely on your Realtor to keep you in the know they have access to this just make sure they are experienced as well!

Laura Myers
AZ Real Estate Consultants
Keller Williams Arizona Realty
0 votes
Pat Homan, Agent, Scottsdale, AZ
Fri Apr 13, 2012
Let me check it our for you - watch for my reply later. Thanks for the inquiry. Pat Homan, 480-540-9240
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Patty Fisch, Agent, Gilbert, AZ
Thu Apr 12, 2012

The asking price of $400k is within current market value. Since this is a short sale, ultimately the bank will determine the bottom price they ate willing to sell it for and will have a formal appraisal done on the home. At best, you could place a back-up offer in case the current offer does not go through.

I have provided a link of other homes in Scottsdale, 85254 zip code, 3000-3500 sf with a private pool that are available.

I would be happy to develop a custom search for you or help answer any questions you might have. I can also prepare a complete market analysis for you as well.

Best wishes and happy home hunting!

Patty Fisch
West USA Realty Revelation
0 votes
, ,
Thu Apr 12, 2012
Dear Enab:

My COMPARABLES come out to $390,109

Hope this helps.

Terry S. Smith
DPR Realty LLC
8341 E. Gelding Drive
Scottsdale, AZ 85260
(602) 763-1858
0 votes
Gary and Cla…, Agent, Scottsdale, AZ
Thu Apr 12, 2012
HI Ednab,
This property at 5843 E TIERRA BUENA LN SCOTTSDALE, AZ 85254- is an active short sale listed for $400,000. This home is currently under contract meaning an offer has been submitted to the bank and the buyer/seller are awaiting bank approval to move forward. The home was last purchased in February of 2005 for $540,000 . We will not know the current sold price until it actually closes escrow.
The Scottsdale 82525 zip code is a very desirable area.

Claudia Scott
Realty ONE Group
Scottsdale, AZ
0 votes
Loren Hoboy, Agent, Phoenix, AZ
Thu Apr 12, 2012
As you may know you can't rely on the values on Zillow or Trulia for the estimated market value. These computer estimates can be off by 30% either way. To give a good estimate we really needs to tour the property to give an informed opinion considering its condition in comparison to other adjacent properties of comparable value.

This property was for sale as a short sale, but is now in AWC status (Dec 2011), meaning that it is under contract (buyer and seller have agreed on the price) and they await the Short sale bank's approval. At best you can put in a backup offer. To avoid out of date listings please try the following website that is updated every few hours http://(www.centralazhomes.com/)

Your Buyers agent is the best one to give you an estimate of the value of this house. If you need a Buyer's agent, please contact me.

Loren Hoboy
Web Reference:  http://centralazhomes.com/
0 votes
Grant Olsen, Agent, Scottsdale, AZ
Thu Apr 12, 2012
The property is priced at $400,000 and is a short sale. However, this property is currently AWC (active with a contingency).

Hope this helped! If you need any other information feel free to contact me, or click on my website where you can actively search for homes on the market that are as up-to-date as the MLS!

Grant Olsen
Prudential Arizona Properties
0 votes
Craig Harland, Agent, Scottsdale, AZ
Thu Apr 12, 2012
The home is listed as Active with a price of $400,000. If you would like to see the home and get a complete market analysis, just call me at 602-492-7060

Craig Harland
0 votes
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