The Appraisal section begins the process of acquisition, disposition, or management projects by setting the value of the property that is to be purchased, sold, or managed. They may use appraisals completed by staff or outside contractors. From the Appraisal Section, market valuation is passed to the appropriate section, where staff take the fair market value conclusion, and negotiate the purchase or disposition with the property owner or buyer. Negotiating the purchase or sale may involve creative alternatives for development, which are worked out between the property owner, the buyer, or seller and Negotiations staff. Find out about sales of City owned property here! Once a settlement is reached, a project passes to the Real Estate Services section, where staff perform the escrow work, which includes researching the status of title, preparation of the legal documents that transfer title, and coordinating the recordation of documents. If a lease-back to the property owner or tenant occurs, the Property Management Section is responsible. Property Management is also responsible for coordinating demolition and securing City acquired property. Other Staff responsibilities include:
The Real Estate Division, through the joint efforts of the different sections, also prepares documentation to support legal proceedings for condemnation suits and serve as expert witnesses in trials. The Real Estate Division, through its property acquisition, disposition, and management programs, provides professional real estate services to the community.
Contact Information Email: Real.Estate@tucsonaz.gov City of Tucson - Real Estate Division PO Box 27210 Tucson, Arizona 85726-7210 Phone: (520) 791-4181
Contact Information
Email: Real.Estate@tucsonaz.gov
City of Tucson - Real Estate Division PO Box 27210 Tucson, Arizona 85726-7210 Phone: (520) 791-4181