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Monday, February 14, 2005

House 4 Update

Just noticed the selling price on the property has dropped from $57,000 to $53,300. This is lower than the owner's counter offer to me last week, although still above my offer price. This one bears watching.

2 comments:

Tom (AKA) MrOptions said...

Hi Shaun

Great Blogg.

Do you know anything about a company call www.buyazforeclosures.com.

If you do could you please give me any information about them because I was thinking about looking into trying to purchase some of the homes they have available.

Again,great Blogg and keep us informed.

Shaun said...

Yes, I know about them. In fact, Chris Eymann, one of the principals, is the person I used to work with in my "real" job and he's the one who found my first rental property for me (this was before he joined azforeclosures.com) and is the co-worker I mentioned in the post "The long story of how I got started" (see "Key Posts" sidebar for link). He's a great guy and very honest and helpful. I have no resevations at all about working with him. His wife is my real estate agent and the same goes for her.

I have been on azforeclosures.com's mailing list for some time now, but it was only 2 weeks ago that I tried to buy a property from this company. (It was House 2, which I wrote about at http://shaunsre.blogspot.com/2005/02/house-2.html). If you recall, this was the house that was sold within 1.5 hours of me getting the announcement it was available, so it may be difficult to get a property from them due to high demand. They do have a guarranteed buy back program, which is nice insurance for the new investor.

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