Special Advice For Canadians Who Wish To Buy Property In Arizona

Purchasing property is very much like purchasing any product or service, and for Canadians who are planning to buy in the United States, you need to be knowledgeable of U.S. real estate or have a U.S. Realtor help you. Remember, just because a property is cheaper, doesn’t mean it’s going to be worth it, just like when buying something only because it’s on sale and yet it is of no use to you.
There are many advantages for Canadians in buying property in the U.S., particularly in Arizona. With the Canadian dollar currently being quite strong and the economy stable, it makes a lot of sense to buy now. Not to mention, house costs in the U.S. are a lot lower now than before. As suggested earlier however, avoid focusing only on the low costs. They are only one of the many other considerations to take.

First of all, will you simply invest in the prospective property or is it for your particular lifestyle? Ensure you obtain tax planning recommendations since you may be subject to taxation in both countries if you haven’t established everything properly for an investment property. Next, consider where you wish to hold the property (as well as how) and think about convenience of access from your Canadian residence. How will financing be handled? Ask your Realtor if you can be eligible for financing programs that are available to Canadians in the U.S.

There are many options for those who wish to buy in the Phoenix Metropolitan area. If you’re planning to retire in the U.S., look into the west side of Phoenix. You can expect to enjoy housing, restaurants and shopping near hiking destinations. For those who simply want a place to rent for seasonal visits, Scottsdale would be worth the money, with properties ranging from $170,000 to $270,000, already complete with furnishings. For investors wanting to purchase 1 to 8 or more properties for the long run, there is an expected rise in value for unfurnished rentals in Phoenix and Ahwatukee where you get steady cash flow.

Once you’ve finally decided on all those, you need to know how to make your offer. Most of resale homes in Arizona utilize the Residential Resale Purchase Contract made by the Arizona Association of Realtors, or AAR. You will let your Realtor know how you would like to prepare your offer for the home. Unlike other States, in Arizona you don’t have to have a lawyer for residential real estate processes. Generally, in Arizona your Realtor will negotiate and draft the agreement under your instructions without the additional costs of a lawyer.

There are some essential points to remember when it comes to the offer. These include the offer price, down payment, earnest money, closing date, loan status report, home warranty, Escrow company, personal property included, seller contributions to buyer’s expense, offer expiration, counter offers and extra terms.

Your Realtor will be able to help you through all these processes step-by-step. A Canadian who is a realtor in Arizona can explain the differences between the Canadian and Arizona process thus helping you make more sense out of the transaction. The essence of a smooth and fast purchase of property in Arizona is finding a well-versed, experienced and trustworthy Realtor. This is especially true if you are planning to borrow money to purchase your new home.

Call Canadian/American Realtor, Joyce Corsi Hazen with Long Realty Arizona Properties.   Joyce understands the Arizona Market and can help Canadians understand the differences with Real Estate in Canada vis a vis the U.S.  – Call Joyce @ 602-284-9822 for a package to be sent to you, including a CD, featuring the various suburbs in Phoenix, and great information that will help you through the decisions process.

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About Joyce Hazen, REALTOR, CIPS, CNE, SFR

An Arizona and Greater Metropolitan Phoenix Realtor, I am a full service professional with an International Designation, CIPS, who works with Buyers, Sellers & Investors all around the world. I have experience in both the residential and commercial communities. In addition, as a Certified Negotiation Expert I work my hardest to utilize my negotiation skills to benefit all clients. I also speak French, English and Italian. Originally from Canada, having moved to the Valley in 2000, I pay special attention to your personal individual needs and desires, to find you the home, land, or building that you’ve been dreaming of. Real Estate has given me the privilege of working with so many wonderful people and with my knowledge, tools and skill set I have been fortunate to realize that individual needs change from person to person, business to business, culture to culture, and that every request is important to you. For that very reason, when I embark on a journey, I work closely with you, whether you are buying or selling a home or commercial space, whether it is a tradition sale, short sale or foreclosure. I will help you as I am highly motivated, results driven and have taken time to research the marketplace, trends and opportunities to know how to best serve you. With my experience, culture and languages, you can rest assured that your best interests are my priority. I will help you find the home or property of your choice and professionally negotiate on your behalf. It is for these reasons that so many of my clients refer me to their friends and families. The Valley of the Sun has been one of the fastest growing U.S. metropolitan communities, Phoenix has grown tremendously over the past couple decades. Financial Institutions are working with Americans, offering terrific mortgage deals, as well as with foreign investors who are interested in purchasing second homes… the opportunities are endless. My mission and goal is to provide you with superior service. Welcoming new residents to Arizona including Americans and International clients who want to relocate permanently, a home away from home or to escape cold winters, is a pleasure! I enjoy meeting new people and always set my goals high and strive to achieve them. If you’re ready to search for the perfect property, I am here to show you the very best homes that meet your criteria.
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