Real Estate Division
251 W. Washington St.
Phoenix, AZ 85003
The city sells real property consisting of commercial, residential and vacant or improved property that has been determined as excess land.
How is the selling price determined?
An appraisal establishes the market value and sets the minimum bid.
If I want to bid on a property that is for sale, what should I do?
You must present a bid offer at or above the current appraised value. Your bid offer must include a money order, cashier's check, or certified check made payable to the City of Phoenix in the amount of 10% of the bid amount.
If other bids are received, the highest qualified bidder is the successful bidder. If you are not the successful bidder, your 10% deposit will be returned without interest.
What are the terms and conditions of sale?
All excess real property is sold "as is," "where is." The buyer is responsible for obtaining financing that must be provided at close of escrow, usually within 30 days from the date of the bid acceptance. The city of Phoenix assumes no costs or other charges (i.e. realty commissions, closing costs, recording fees and title insurance premium).
For more information about excess real property or current sales information, contact Alicia H. Gallardo at 602-262-5050 or e-mail email@example.com.