Last week I posted a piece called short sale of the week, in the Tucson Foothills
It featured a home that had been on the market for about 10 months, and during that time priced between $1.5m and $1.2m, and it didn't sell. Then last week it was re-listed as a short sale, for the
bargain-basement price of $850,000, or $186.53/sq ft.
A real deal.
With short sales it usually takes a long time for the lender to make up their mind about an offer, and then have a meeting to get the committee to approve it, and process the paperwork, and on and on.
This one went in six days, listing to accepted offer, and I'll bet there was a bidding war. Someone did very well. $186.53/sq ft is a steal for that house.
see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
