Second Homes i Phoenix and Scottsdale Arizona

Nov. 30, 2011 - PRLog -- Many foreigners, especially those who live in cooler climates, are eyeing the United States for their second homes. These winter visitors from France, Germany, UK, and Canada prefer to acquire a property in warm states such as Texas, California, Florida, and Arizona. In fact, many Canadian second homes are offered and bought at low prices in such areas.

Why Canadians Opt For Arizona Real Estates?

According to recent statistics in U.S. real estate, foreign property buyers have increased over the years, with 11% of the figure is contributed to Canadians, then followed by buyers from Mexico, UK, China, Germany/France, India, and Argentina/Brazil. Arizona is one of the most favourable states by many winter visitors and Canadian second home buyers. Because unlike the heavy snow and cool climate in Canada, Arizona is ideally warm, perfect for family holiday vacations particularly on cold seasons.

Moreover, there are many affordable real estate properties in Arizona since the state was heavily stricken during the recession. With the number of foreclosed properties, prices didn’t soar to keep up with the competition. Plus, the strengthening Canadian dollar (loorie) provides greater purchase power for the Canadians.

What To Do When Looking For Canadian Second Homes?

With the number of available properties in Arizona and its neighbouring states, finding a home that will suit your preferences may take some time and even money. Aside from the lack of time, it is just impractical to travel back and forth to personally look properties.

Here, the need for a trusted Realtor comes in. He/she will look for houses in accordance to your preferences and present you the list of prospective properties. Although you can save by asking favours from a friend or relatives living in the state, hiring the services of a Realtor provides value for money. They are already familiar with the real estate market, know more houses, and have wider connections. They can give you the best properties in the state at reasonable prices, or present a list of bargain houses.

Before talking to a real estate broker, you must already have an idea on the type of property you want. It can be a condo, loft, townhouse, or family residence in a particular location. Also take note of the house specifications such as land and home area, number of rooms and baths, available parking space, updated kitchen, and pool option. Also discuss your budget so the Realtor will be guided on the properties he will look upon.

After the broker has provided a list, set a schedule with him to visit the houses for inspection. Plan the trip ahead and make travel itineraries to maximize your stay. Conduct the home inspection with the Realtor, an experienced home inspector, and the property seller. It is necessary to see the house for yourself so you can personally observe the property, identify the places that need to be renovated, and make offers to the seller right away.

Long-term Prospective

Buying Canadian second homes can have other purpose. Aside from being your home away from home, you can also use the property for return of investment. Apparently, there are two kinds of winter visitors – those who use the property for personal leisure and those who see it as a business opportunity. If you’re planning to put the property for rent while you’re away, opt for homes located in the heart of the city. Since Scottsdale is known for its winter activities, a Scottsdale condo can provide income while you’re in Canada.

When buying a second property, always consider the possibilities of a long-term use. Since there are chances for your new house to become your future permanent home, might as well opt for a property in a good location, with easy access to essential services like hospitals, shopping districts, schools, and other amenities.

Find your Phoenix Arizona Property at http://www.cactuscountryproperty.com/city/phoenix.htm
Posted by Cactus Country Arizona Homes & Properties http://www.cactuscountryproperty.com

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