Friday, January 27, 2006

Still Looking For Properties

I suppose now would be a good time to remind everyone that I am always looking for birddogs in the greater Phoenix area.

I spend a couple hours today looking for properties with motivated sellers. I found one townhome, but when I called the agent I was told it closed yesterday. The MLS listing said it was still active. As soon as an offer is accepted, the agent is supposed to change the listing status so this doesn't happen. I didn't find much else worth getting worked up over, unfortunately.

While looking for properties, I ran across a couple properties where the buyer's agent's commission was 3.5% instead of the usual 3%. That's typically a sign the seller needs to get rid of the property for some reason. Both places were empty and newly remodeled, so I think they were being sold by some flippers who got caught in the market slowdown.

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