We’re still in the middle of our negotiations for the 48th St house in Laveen that was shot with 35 bullets. We had seen another listing in the same area that appeared to be a better deal for two reasons.
Financially, the expenses (taxes and HOA) were significantly less, about $150/month less. Geographically, it is in the same Laveen neighborhood, but in a better part. It is west of 48th St, in a newer development, and closer, but not too close, to the soon to open 202 freeway.
The surprising thing is that we made the offer on the 15th of May while we were still in the middle of negotiations for the 48th St house. But, we don’t have any video or notes of our thought process or discussions.
The offer was full price at $203,200. Surprisingly, Jeff had learned that the house was is in escrow twice before and fell out. The second time because the bank appraisal came in at less than the agreed to sales price. The buyer and seller could not agree on a new price.
The next day, Jeff called to report that our offer was accepted!
We are now negotiating on two houses and could conceivably purchase both within the next month. The Valencia house also serves as a “backup” to the 48th St deal. It’s always better to have more options than less.
On the 17th, we put up the $2,000 earnest money:
Next, we will walk you through the property and see if this is a good deal.