Tempe, AZ Home: Another Contract

The previous buyers walked from their contract but now, we have another contract. The "pending" price is nearly identical.

As investors, we can do our comps and attempt to determine market value but, ultimately, the market will have the final say!

Cheers to better success with this contract for both parties (us, the sellers and the new buyer)!

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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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Tempe, AZ Home: Contract Falls Through

As it goes sometimes, our buyers backed out of the contract. Definitely disappointing as we had two similar offers and went with theirs because their offer came in first. Their reasoning for backing out was that they wanted to find something newer, a little further out. It took them two weeks to figure this out?

The buyers associated with our backup offer just found another home. Back to the market for this one. Anyone interested in buying a nice home in Tempe, AZ?

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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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Tempe, AZ Home: In the Clear?

It looks as if we've cleared the inspection period hurdle. Some minor issues to be addressed including a few termites. We're still waiting to get docs from the buyers but, again, the good news is that it appears that nothing major was found. We weren't expecting anything major but there's always the unknown!

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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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Tempe, AZ Home: Counter-offer Accepted - 717 W. Manhatton Dr.

Counter-offer accepted! As fate would have it, while we were waiting to hear back from our counter-offer (deadline - 6:00PM, Monday, 11/10/2008), we received another offer on our Tempe, AZ home.

The offers were very similar but, since we had already started negotiations with the buyers who submitted their offer on Sunday, we felt it was only fair to go with their contract if ultimately they were close to agreeing to the terms of our counter. They did. The only change was the need to push the closing date out by roughly one week.

Both potential buyers chose FHA financing. FHA financing seems to be the only game in town right now. As sellers of our remodeled homes, there are hurdles for us when a buyer chooses to go with FHA financing opposed to conventional financing. Mainly, the 90-day seasoning requirements.

Next hurdle on our way to close our Tempe, AZ home ... the home inspection. Escrow to open today. Updates to come on a future day!

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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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Tempe, AZ Home: An Offer - 717 W. Manhatton Dr.

Just received an offer yesterday on our Tempe, AZ home. We submitted our counter-offer this evening. The negotiations begin!

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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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Tempe, AZ Home - 717 W. Manhatton Dr.

Open house today, 11/9/2008:


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Property Qwest Project Details
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Address:
717 W. Manhatton Dr.
Tempe, AZ 85282

Listing Info:

• Listing price: $230,000.00
• Tempe MLS #: 4022329
• Tempe MLS Link

Take the virtual tour (click icon below):

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