Still Looking For Properties

I suppose now would be a good time to remind everyone that I am always looking for birddogs in the greater Phoenix area.I spend a couple hours today looking for properties with motivated sellers. I found one townhome, but when I called the agent I was told it closed yesterday. The MLS listing said it was still active. As soon as an offer is accepted, the agent is supposed to change the listing status so this doesn't happen. I didn't find much else...

So Tired

I'm currently going through one of those times when everything seems to happen at once. I've spent the last four days (including the weekend) at work preparing for a big merge of two computer networks. That happened Monday and it was crazy all day with issues that had to be resolved. My in-laws were also visiting last weekend plus, we had some yard work to do that we had been putting off for weeks. I've been too busy to even look at properties. I...

Foreclosure Market Heating Up

This story on MSN says what I've been saying for some time now - foreclosures will be increasing in the coming year. It also mentions that virtually every real estate guru out there selling books and tapes is advocating buying foreclosures, so the competition will be tough. All in all, it's a pretty fluffy piece with not much substance.I haven't been doing much property hunting the past week. I'm moving my office at home, so all my files are scattered...

Verifying Your Credit Report

It's hard to believe a year has gone by since I last did this, but it is time once again to request an annual free copy of my credit report. Last year, the first year this service was available, I requested a copy from all three agencies, TransUnion, Experian, Equifax, and all at once, just to get a baseline, if you will. This year, I am staggering my requests. Every four months, I will request a copy from a different agency and thus, I will always...

Hard Evidence Of Phoenix RE Slowdown

This morning, I was following up on some properties I had previously submitted offers on. One of them has completed the sale process and the MLS listing shows it sold for less than the asking price. It was listed for $155,000 and sold for 148,000. This is the first time in memory that I have seen a property here sell for under the list price and this provides some hard evidence of the slowdown everyone is talking abo...

Pseudo-Offer Made On Another Property

I found a condo today that is in preforeclosure and is only about 3.5 miles from my office. I spoke with the agent and was able to go over to check it out during lunch. The owner was there, so I got to speak with him for a bit.On the way to my car, I suddenly realized that the property was about $30,000 over of my price range! Oops.. Well, I decided to go ahead with the meeting anyway, if nothing else to get some experience talking with owners. The...

Condo Sold - But Not To Me

I got home last night and did not have a fax waiting for me, so I guess the condo I made an offer on yesterday was sold to someone else. I'm going to watch the MLS listing for a month or so to see what the final selling price was. (That data only shows up once the sale is fina...

Second Offer Submitted On Condo - Updated

Well, the holidays have come and gone and I'm catching up on my sleep, work, and other aspects of my life that seem to get put on hold during the hectic times of late December. Even though I was out of town for Christmas, I still kept an eye on a condo I made an offer on earlier. It remained unsold, which I expected.Today I submitted my second offer on the property. Since it's been on the market at least three weeks now (after having fallen out of...