Visiting my sister in Tucson, the story of her deal

[Mark Updegraff]

Hey guys & gals,

This is my first time back to Tucson since I helped my little sister jump into the RE market 2 years ago. Driving around I couldn't believe the crazy low prices and I quickly convinced them that they should seize the moment, and grab some equity while they could. Driving around now, it is clear that it was the ideal time as things are back to normal. They purchased their home for 55K and were in a bidding war on a 49,000 listing. Using my advice they did everything they could to strengthen up their offer, and they took it! Just last month the house across the street sold for 97K and it is hole compared to the one they purchased. Theirs was a bank owned that the previous owner had spent a good deal of money improving with brick & concrete work outside, out door living space, tile flooring throughout, and nice brick fireplace etc. They painted and put in appliances and some flooring in two of the bedrooms and that is it. I would say their house is worth 110k today. It's funny because they were not even considering buying until my brother in law got bit by my enthusiasm and started looking at properties with me while I was on vacation. Now that I'm back my phone is still ringing off the hook and I'm writing this post... Hmm.... maybe I should just turn off all these devices and enjoy the sun!

Cheers,

Mark from Rochester but soaking up Tucson

Time for a burrito!!!