Quick Update:  August 4, 2:25PM - just signed everything should close later today and funds should be transferred.  Given the slowness of market - I'm glad this one sold - the lessons learned were to make sure all repairs and house was in top condition.  Will apply to Homestead - the updates will take place on that going forward.  

Quick Update - July 21, 10:03 AM - Inspection conducted last Friday, report delivered to us.  Main issues seller is asking for is to fix are the roof and also a lock on the slider door.  Reinforces the need to make sure house in good order.  Overall, we did a good job as not too many asks and nothing that would cause buyer to walk away.  We were previously notified that some smoke detectors were inoperable so Claudia sent in her person to make sure all smoke detectors would be replaced - to pass the appraisal.   We are going to compile a list of improvements made to the house to provide to the Appraiser to justify our asking price of $410K.  

Quick Update - July 15, 2:28PM - Offer Accepted in In Contract - $410K with $10K cash back to buyer to cover closing - plus $810 home warranty.   

Quick Update - July 13, 12:28PM - Received an offer - highlight is at $400K with $10K cash back.  Will counter back at $410 with $10K back.  

FEEDBACK:  It does appear that the market has gotten softer, rates have not dropped as we had aniticpated and there is an increase in days on market.  This house is the exact same footprint as ours:   https://www.realtor.com/realestateandhomes-detail/8378-Yamhill-St_Las-Vegas_NV_89123_M19096-24886  and is listed for $25K less.  The difference is quality of the houses.  Claudia had insisted we fully update the house - which we did - full paint interior, exterior and fixed everything that we needed to to make the house attractive to a buyer.  This will reflect the Net Proceeds as the repair costs were higher than anticipated however if we want to get a buyer who is willing to pay the top of the range price this is what is needd in this market.  We will apply this to Homestead as well.

Quick Update:  4:34PM Monday June 29 - Buyer cancelled ...  

Quick Update:  1PM - agent said Buyer not likely to go with the $10K needs the amount to enable her to close.  Spoke with a couple of investors.  Decided to accept the counter at $12,300 credit back.  

Quick Update:  12:06PM Saturday June 27 - Agent said the Buyer countered our counter at $12,300.  Talked to a few investors - think we are close - suggested counter at $10K to see if that would close the deal.  

Quick Update 8:20AM, Friday Jun. 26  - Just signed a counter-offer for $8200 credit back.  With a one day to get back to us.  🫰- as Phil said.

Quick Update 3PM - reached out to Phil and Dharmesh and both agreed that the ask was excessive and that we should counter.  The amount was left up to my judgment,  Both said time was on our side and we should be willing to walk at the higher ask price.  Will sleep on it  and sign in AM to finalize the amount of the counter.  

Quick Update  10AM, Thursday June 25 - Agent notified us that an offer was presented for the full asking amount $410,000 however asking $16,400 back with one day to get back to them.   Seems excessive of an ask.  The offer was from one of the people I saw at the house.  

Quick Update June 24, 10PM - got back from Vegas - glad I went the house did have a smell (I have a sensitive nose).  Had bought some Ozium at a friends suggestion, and some Febreze.  Also made 3 trips to Home Depot to fix some minor things I noticed - toilet seat, toilet paper holder, slats on vertical blinds, and added air filter for AC.  While I was at the house two agents came by with their clients.  Also walked exterior of Homestead will do a full exterior paint - house not that bad - but fading in front and back - and the sides probably should be done at same time.  

Quick Update 6/22/2026  - 922 Single Tree was placed on the market last Thursday - you can find the link on MLS here:  https://www.realtor.com/realestateandhomes-detail/M2131390624

We did quite a bit of work to get the house in order and it looks really nice - the list price was $410K which might be optimistic however it gives us room to make concessions and with the new AC, and all the other improvements we hope to find a buyer who will appreciate the product.   Fingers crossed.  

The house did take longer to put on the market than I would have liked - some of the issues were getting rid of the last tenant, the schedule of our handyman, and also our not getting the full list together - which is something we will remedy the next time.  Also there was an internal Company distraction which overlaid the above and that too won't be an issue for Homestead.  

We did have a fair amount of interest this first weekend - no offers yet, and some feedback relating to some more improvements - namely still an odor of smoke from the last tenant.  Strange because we painted to the walls and cleaned everything - will check the AC filter and that system to see if that is the culprit.  

I'll go to Vegas on Wednesday and will walk 922 Single Tree and also go to Homestead to have a good list so we can hopefully accelerate getting that one to market.  

Cheers,

Biren