Cash vs. Financed Sales Prices for Homes in Scottsdale, Cave Creek, Carefree, Rio Verde Foothills and Unincorporated Maricopa County Arizona
By Jeff McDowell, Jeff McDowell
Sales prices for homes, land and condominiums in the areas of Scottsdale, Cave Creek, Carefree, Rio Verde Foothills and Unincorporated Maricopa County Arizona are experiencing discrepancies on a price per square foot basis. Real Estate Appraisers can be the good guys and the bad guys when it comes to appraising real estate homes and land under contract. Their method of determining market values for appraised properties is based upon historical data. Short and simple, they look to past sales, compare the features of the sold properties versus the property they are appraising and determine a value based upon "adjustments" to bring the properties in line with each other. Specifically, in the area of Arizona known as "Rio Verde Foothills", which will also include descriptive terms such as...