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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Scottsdale, AZ Home - So Far So Good!

Our rehab coordinator sent us an email this evening regarding business matters. One of which was in regards to our latest remodel project, our home in Scottsdale, AZ off of Devonshire.

Her message, "Things are going good in Scottsdale, next week will be a big purchase week."

Exactly what we want to hear!

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Property Qwest Project Details
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Address:
8205 E. Devonshire Ave.
Scottsdale, AZ 85251

• Work Started!

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Arizona Public Trustee Auction - Potential Property for Monday (Update: 11/17/2008)

The property we were pursuing at the public trustee auction, located in Tempe, AZ, went to a higher bidder. Opening bid on the property was $143,000. We felt comfortable purchasing this property up to $150,000, our highest bid. The home ultimately sold for $154,900.

For those not overly familiar with the process, this is par for the course. There's no need to get excited just to purchase a property. You get excited when you can pick one up at the auction for lower than your highest bid. If that happens, you've had a good day.

Finding homes at price points that make sense are few and far between after you factor in the competition. With that being said, there are properties available if you search EVERY SINGLE DAY! Be persistent.

On to the next prospect.

Arizona Public Trustee Auction - Potential Property for Monday (11/17/2008)

On the radar, we have a property that we're looking to pick up from the public trustee auction. It looks like the current occupants are in the process of moving out. On paper, the numbers look great which means there's most likely considerable work that needs to be done to properly renovate the home.

Waiting to hear back from our lender to get his thoughts on funding and valuation. Updates to follow!

Ahwatukee, AZ Home - Bath Remodel Pics: 4710 E. Tanglewood Dr.

More pics of our most current Ahwatukee, AZ remodeled home listing. Pic #1 is of the master bathroom, pic #2 is of the guest bathroom, and pic #3 is of the powder room. Enjoy!










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Property Qwest Project Details
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Address:
4710 E. Tanglewood Dr.
Phoenix, AZ 85048

Listing Info:

• Listing price: $285,000.00
• Ahwatukee MLS #: 4065631
  
• Ahwatukee MLS Link

Take the virtual tour (click icon below):

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Scottsdale, AZ Home - The Budget

The budget may be bumped up a few thousand dollars depending upon how reasonable the costs are to replace the kitchen cabinetry. If we go this route, the budget may morph closer to 30k. Since we feel the neighborhood can support higher prices, we're giving this serious thought.

We believe that we will be able to recoup the additional costs involved in sprucing up the kitchen if we can get it done with the right product for the right price (the usual dilema).

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Property Qwest Project Details
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Address:
8205 E. Devonshire Ave.
Scottsdale, AZ 85251

• Work Started!

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Scottsdale, AZ Home - Eviction Done, Work Begins!

The occupants moved out without any issues. Again, always an unfortunate circumstance.

Upon gaining access to the interior of the home, the project looks to be inline with our original expectations. Our Team is finalizing the remodel plan and starting to line-up contractors to tackle the work.

The budget looks to be roughly 25k for this Scottsdale project.

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Property Qwest Project Details
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Address:
8205 E. Devonshire Ave.
Scottsdale, AZ 85251

• Work Started!

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Scottsdale, AZ Home - Where do We Stand with the Eviction?

We don't know! We'll be finding out today as the occupants plead guilty in their court appearance and are now required to move out by no later than November 11, 2008 (midnight). At 12:01AM, November 12, 2008 they're no longer lawfully allowed to remain in the home. If they continue to occupy the residence, we'll have to work with our lawyers accordingly to contact the constable for a potentially forceful removal.

We most certainly hope that it doesn't come down to this. An eviction process is not fun for either party but especially for the occupant. It's an unfortunate reality. When we purchased this home from the public trustee auction, the occupants were still in the home.

Once the eviction is finalized we'll get our first glimpse to see how much work is in store for us with this remodel. With these types of situations, you never know.

You can let the fear of the unknown rule your reality or you can get down to the business of the day. Difficult circumstances will always have to be dealt with and your success or failure will be born from the manner in which you handle the situation.

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Property Qwest Project Details
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Address:
8205 E. Devonshire Ave.
Scottsdale, AZ 85251

• Project just starting

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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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Ahwatukee, AZ Home - More Remodel Pics: 4710 E. Tanglewood Dr.

More pics. Enter the living .... Ahwatukee, AZ living!



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Property Qwest Project Details
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Address:
4710 E. Tanglewood Dr.
Phoenix, AZ 85048

Listing Info:

• Listing price: $285,000.00
• Ahwatukee MLS #: 4065631
  
• Ahwatukee 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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Ahwatukee, AZ Home: Remodeled Kitchen Pics - 4710 E. Tanglewood Dr.

Remodeled kitchen. This home has been professionally staged. Enjoy the pics ... more to come. Project info and MLS listing detail can be found at the bottom of this post.




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Property Qwest Project Details
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Address:
4710 E. Tanglewood Dr.
Phoenix, AZ 85048

Listing Info:

• Listing price: $285,000.00
• Ahwatukee MLS #: 4065631
  
• Ahwatukee 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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Ahwatukee, AZ Home for Sale - 4710 E. Tanglewood Dr.

Our second Ahwatukee remodel housing project for the year is now for sale. More pics and updates to come!



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Property Qwest Project Details
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Address:
4710 E. Tanglewood Dr.
Phoenix, AZ 85048

• Listing price: $285,000.00
• Ahwatukee MLS #: 4065631
  
• Ahwatukee MLS Link

Take the virtual tour (click icon below):

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Scottsdale, AZ Home - Enduring Eviction

We're nearing completion of the eviction process for our latest remodel housing project. The process found it's way to court. Updates to follow.

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Property Qwest Project Details
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Address:
8205 E. Devonshire Ave.
Scottsdale, AZ

• Project just starting

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Ahwatukee, AZ Home: 14863 S. 46th St. - SOLD!

Our Ahwatukee, AZ home is now SOLD!

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Property Qwest Project Details
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Address:
14863 S. 46th St.
Phoenix, AZ 85044

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