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
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