Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

City-owned properties for sale?
I've been driving for dollars for a while now and come across a few interesting properties. They are city-owned. I called the CITY OF TUCSON about them, seeing if I can purchase the property. I was told to call a different dept as the one I called isn't in control of the property. I was informed that the properties are considered public housing, ie section 8.
My questions are a few.
Do cities usually sell off public housing?
If so, is it usually cheaper to purchase these properties from the city? I've noticed on the county assessors office page that property values are much lower than the sale prices. I noticed this long before covid so I don't think it's the state of the market.
Does the city use their own property values to determine the sale price or do they go by current market values?
I've left a message with the correct dept and I'm awaiting a callback. Is there anything I need to ask the city about these properties?
Thanks for your advice and help.
Most Popular Reply

Thank you for your reply. I'm certainly not going to spend too much time on it. I was really hoping that the city would use it's own assessments and sell these properties for much less than market value. I'm just looking for the loop holes that will help me get ahead. Thanks again.