Unfinished Condos in Tempe, AZ - Asking Price: 15.5 Million – Current Value 50 Million.
The Opportunity
This developer has spent $50 Million to get the project to its current state. It was to be sold as a condominium. The buyer can complete the project and sell out the units as condominiums.
This project has completed two [...]
A Realtor friend put my house on the market. He is asking $345,500, but every house on my block is selling for around $400,000 and up. In the first two weeks on the market, I’ve had six showings and two bids. I am not happy with this price because I will be losing money, but [...]
Our home was appraised for $435,000. We have no mortgage, but we do have an equity loan out for $50,000. Later this year, we may sell and purchase a home for around $400,000. We have a combined income of approximately $90,000/yr. Our credit is only good at best. My dilemma is, do we get another [...]
The beach neighborhood I am looking to buy in has been getting multiple offers on all the properties, despite this economy. What is the best way to make sure my offer is accepted?
Unfortunately, you can’t make sure. If it is a home you just have to have and you are blessed with more money [...]
I keep hearing, “buy a house in this market, it’s a buyer’s market,” yet as a new home buyer, I cannot find a home. Investors keep outbidding me or bidding cash prices that are lower, but the bank accepts the cash over my new home buyer mortgage.
While it is a buyer’s market because the amount [...]