Ahwatukee, AZ - Home For Sale ... Now Pending!

Our Ahwatukee, AZ home is now pending! We have had the home for sale (listed on the MLS) for roughly 12 days. The original contract came in roughly 8 days after the home had been listed.

The "Buyers" have scheduled the home inspection for this Friday, 10/3/2008. Originally the "Buyers" were going to use FHA financing but we were able to work together with them to negotiate a deal for them to use "conventional" financing in return for additional financial concessions made on our end.

I believe both parties are happy with the deal that has been agreed to for the sale of this Ahwatukee, AZ home!

What Real Estate Markets Are You Investing In And What Strategies Are You Using?

Share with us the different real estate markets that you are working in and why. Let us know the different real estate investing strategies that you are having success using.

We are currently focusing efforts on light rehab projects in the greater Phoenix, AZ market. Due to large inventory levels, values are becoming increasingly attractive and, aggressively priced, these homes are attracting buyers.

Update August 24, 2008: We purchased another real estate investment home from the public Trustee auction. This rehab project should be completed and ready to be listed by September 1, 2008!

In the near term, we believe real estate investment opportunities will continue to exist in the greater Phoenix, AZ area since there are many bank owned homes and foreclosures still to work through. As a result, this continued pressure will force sellers to be aggressive with their pricing especially if their home needs work.

We also believe that the sharp price declines that have been occurring over the past year will begin to slowly equalize. Take your time finding the right investment opportunity. They're definitely out there!

Update September 21, 2008: We continue to believe, despite the current financial crisis, that the sharp price declines will continue to slow. We also feel that you should continue to take your time looking and evaluating real estate investment opportunities as the markets try to workout the turmoil. There are great opportunities but there is no need to rush as strong opportunities should continue to be widely available over the next year!