A real estate agent at a Scottsdale mall says he’s been asked about the possibility of selling his real estate properties to buyers willing to pay for the property with an appraisal.
Mark Bowers, a real estate appraisals executive at ScottsDowntown, says he had two sales in the last two weeks and one was a one-bedroom home on a five-acre lot for $1.7 million, but that sales were not on the books.
The other one, on a 10-acre plot on a nearby lot for just over $2.7-million, Bowers says was sold for $3.3-million.
Bowers said he was approached by a buyer at a recent real estate sale who was willing to spend $5 million to purchase the property.
Bowers is also aware that the price is not on sale for the three properties he’s selling.
“We’re going to be trying to find a buyer to get them up to a price of about $5,000,” he said.
Bower says the properties have a history of being valued high, and that it’s not uncommon for them to sell for more than the value of their original purchase price.
I think the market has gone down and down a lot and it’s definitely going to go up again, Bower said.