Phoenix Real Estate Value Reset-Time to Buy

Posted in Great Real Estate Investment Opportunites, Phoenix & Scottsdale Property Available and Sold, Real Estate, Real Estate, Winter Visitor Second Homes on 01/24/2012 12:52 pm by admin

Maureen Business smallest shoot
The question that always bugs the mind of a person planning to buy a Phoenix real estate property is this: When is the best time to make the purchase? Real estate experts will always tell you that the best time to buy Phoenix properties is now. The reason for this advice is that nobody can accurately predict what the market will be in the future. And if you keep on waiting for predictions to come true, you will end up not buying any property at all.

Today’s economic condition is unpredictable. At present, there are low interest rates in the realty business. There are plenty of properties that have low prices. This is not only true in Phoenix. Even Scottsdale properties and Glendale properties are selling at prices even the average wage-earner can afford.

You may opt to wait for the market to even improve further. But can you be sure if things will not deteriorate in the future? Buying properties, such as condo units, second homes, apartment units, vacation homes, involves some amount of risk. Among the risk you will have to take is making the purchase now.

If you are still in the process of planning about making a purchase, it’s best if you consult a Phoenix realtor. A realtor can help you with all aspects in a real estate purchase. Consider the following factors in choosing a property to buy:

How Far Is It From Other Places?

This is important in any type of property you choose, whether it is for a vacation house for your family or if it is a property you plan to rent out during weekends and holidays. If you love travelling up to the northern part of Arizona, you may choose to buy a property in the town’s northern parts. It all depends on what you and your family or your prospective guests love doing. The value of a property is higher if it is close to recreational areas.

Buying A House

If it’s a house you are planning to buy, determine the type of home you want. Do you want a house in a posh community complete with all the luxuries of everyday living? Or do you want a house located at a good distance from the neighbors? Or do you want one of those second homes that are attracting a lot of potential buyers from other countries like Canada?

There are only few of the many questions you need to answer before you decide what type of home you want to buy.

Safety And Security

Another important consideration is the safety of the area where your future property is located, whether you buy the property for your family or to be rented out. Crime is everywhere, but there are areas everywhere that are really prone to all types of crime more than other areas. You need a credible, trustworthy, experienced Real Estate agent who has the ability to supply you with the ability to check out the particular area you are interested in and a Realtor that is not going to knowingly take you to those areas.

 

Complete Real Estate Stats 2011Phoenix, Scottsdale, Glendale

Posted in Current Market Stats for Phoenix Real Estate, Great Real Estate Investment Opportunites, Phoenix & Scottsdale Property Available and Sold, Phoenix and Scottsdale Realtors, Real Estate, Real Estate on 01/17/2012 11:00 am by admin

Maureen Business shootReproduction of this document allowed by Arizona Regional Multiple Listing Service who provided the document
1

STAT 2011 Year in Review focuses on the state of the Valley’s recovery over the last twelve months, placing the gains and losses over the year in perspective. Overall, the tale is positive.

SALES
Sales rebounded in 2011 enthusiastically, topping out at 101,436, the second highest total sales of the decade. It was surpassed only by 2005 with 104,725 sales, at the height of the real estate bubble. STAT and other conventional wisdom have focused on late mid-2002 and 2003 to mid-2004 as our last normal markets.1 Total sales for 2002, 2003 and 2004 were 67,950, 80,052 and 98,922 respectively, and 2011 compares favorably.

ARMLS STAT 2011 YEAR IN REVIEW 2

ARMLS STAT 2011 YEAR IN REVIEW

INVENTORY
Total new listings in 2011 (121,041) fell slightly below the 2002 figure of 125,738. Correcting itself from the decade high 173,363 after the housing bubble burst in 2006.

MONTHS SUPPLY OF INVENTORY (MSI)
The decade MSI pattern follows the Valley’s journey from its normal market (starting in 2002 to mid 2004) through the buying and selling frenzy of mid decade (late 2004 – early 2006) to the correction of the late decade (2007 – 2010). Average MSI in 2011, 3.81, more closely re-sembled the average MSI of 2003 (4.31), at the midpoint of our last normal market 3

DAYS ON MARKET
Marketwide days on market (DOM), while not indicative of DOM in smaller market niches, is a measure of overall market health. In 2011 DOM started the year at 113 and continued on a downward trend to finish the year at 95.

FORECLOSURES PENDING
Foreclosures pending, which fuel the Valley’s foreclosure sales, reached their pinnacle in No-vember 2009 at 50,568, and finished 2011 at 19,979, 60.49% below the decade high. The av-erage foreclosures pending per year stubbornly held at 44,237 and 44,698 for 2009 and 2010. In 2011 it took an abrupt downward turn all year.

ARMLS STAT 2011 YEAR IN REVIEW 4

ARMLS STAT 2011 YEAR IN REVIEW

DISTRESSED SALES
Distressed properties as a percent of sales started the year at 70.2%. Despite a series of hic-cups in direction over the course of 2011, it crashed through the 60% barrier the last two months of the year, at 59.4% and 59.8% respectively. Not only did the percent drop 10.4% over 2011, but the short sale to foreclosure mix shifted by year end, to see short sales over- take foreclosures for the first time, albeit by a small amount. 5

PRICING
Pricing remains the last bastion of resistance to the Valley’s recovery. Both List and Sales median and average prices showed very little movement over the course of 2011, stagnating at the presumed bottom. Median List price started 2011 at $124,900 and finished the year not much higher at $129,900. Average List price followed the same pattern, starting at $204,300 in January and finishing in December at $200,200.
Sales pricing mimicked the same lackluster performance of List pricing. Median Sales price began with $110,000 and ended 2011 at $117,000, well below the median List price. Average Sales price in January was $157,000 and ended at $162,200. All four pricing metrics, List and Sales, took a full twelve months to go practically nowhere. On a positive note, given how long pricing has stalled, the Valley’s pricing has probably hit bottom. What is in dispute is how long it will stay there.
Pricing cannot correct itself until the forces of supply and demand4 equalize. Both List and Sales pricing are cur-rently unduly influenced by the large numbers of distressed properties that compete for buyers. The slowing of foreclosures pending, if continued at the current rate, should stabilize in 2012, leading to a gradual decline to normal levels of foreclosures in the active property pool. Likewise, growing lender appetite for short sales over foreclosure will also diminish foreclosure influence on pricing.
National predictions on home prices are a slow but steady upward climb in 2012.5 Given 2011’s underpinning metrics (inventory, sales, MSI and foreclosures pending), the Valley’s pricing is poised to gain traction in 2012.

ARMLS STAT 2011 YEAR IN REVIEW 6

UNEMPLOYMENT and JOB GROWTH
Phoenix Metro started the year with a 9.28 unemployment rate,2 with the rate’s overall trend line for 2011 downward. Preliminary figures for November are estimated at 7.7%3, a drop of 1.58% from January, wetting our appetite for the December’s final. Arizona ended 2011 as a top ten growth state, now adding jobs faster than the national average.6

ARMLS STAT 2011 YEAR IN REVIEW

THE 2011 FINAL TALLEY
In the 2011 “gaining momentum” column, STAT places unit sales, total inventory, marketwide MSI, falling DOM, declining foreclosures pending, distressed property’s falling % of sales, falling unemployment and job growth. In the stagnant “needs improvement” column, STAT cites all four pricing metrics: median and average List and Sales prices. In the loss column, STAT sees little that is moving in the wrong direction.
All in all, 2011 was a pretty good year on the road to recovery.
1http://content.yudu.com/A1s4h3/JuneJuly2011/resources/index.htm?referrerUrl=http%3A%2F%2Fwww.armls.com%2Fnews%2Fwave-ezine
2 EBEller Online

 

You Can Afford a Second Home in the Sun

Posted in Canadian Retirees, Great Real Estate Investment Opportunites, Phoenix & Scottsdale Property Available and Sold, Phoenix and Scottsdale Realtors, Real Estate, Winter Visitor Second Homes on 01/09/2012 01:40 pm by admin

For many winter visitors, a second home in warm states like Arizona, Texas, Florida, and California is definitely a good investment. A property in such states can be a place for family vacation during the holidays where the winter season is really cold, a place for future retirement, or for possible revenue.

A state that currently tops the real estate market is Arizona. Many people prefer Phoenix properties for their second homes. It is because the state is still recovering from recession. With the ongoing price correction, striving economy, and the number of foreclosed properties that led to low rates, investing in Phoenix real estate is a good feat.

Aside from Phoenix, Scottsdale and Glendale are also suitable for investment. Known as major tourist spots in the greater Phoenix area, acquiring Scottsdale properties and Glendale properties is also an advantage if you want to put your property up for rent.

Why You Need a Professional Realtor

Buying a second home requires deep consideration, especially when you’re located outside the United States. Frequent trips to Arizona can be very costly and time consuming. With this, it is recommended to hire the services of a Phoenix realtor. Your real estate agent will look for the ideal home based on your preferences. A good broker knows different properties whether condo, townhouse, or single detached house.

You can also research online for second homes available in Arizona and let your realtor act as your representative in dealing with the seller. After agreeing with the home owner of the price, you can fly to Arizona to personally check the home together with the Phoenix realtor and a professional home inspector. Take note your concerns so you can air it out to the seller after the inspection. This can be your opportunity to lower the price if you’re not completely satisfied with the property and want to have some modification on it.

Guidelines for Purchase

With your trusted realtor, talk about the expenses involved when buying a Phoenix real estate or any Arizona property for that matter. This will help you prepare for the costs that will come such as the process of getting the title and tax rules for foreigners buying a U.S. based property, all atop of your broker’s professional fee.

If you’re a Canadian, you can easily acquire any of the Phoenix properties with the help of a housing mortgage as long as you secure a down payment of at least 30% and you won’t put it out for rent. Aside from banks, there are U.S. institutions that offer more secure loans for Canadians.

Meanwhile, filing a U.S. tax return is necessary when you’re planning to put your property out for rent. Most owners of Scottsdale properties and Glendale properties file a tax return since they usually make their properties available for rent throughout the year when they are not around. As we all know, these places are some of Arizona’s tourist spots and with its volume of visitors, businesses like hotel and other type of accommodations are certainly a hit. Know the tax regulations so you’ won’t pay taxes twice.

One Final Reminder

Take note that purchasing a second home in the United States doesn’t entitle you to a citizenship. There are certain rules governing an alien living in the U.S. on how long he can live in the country and what are his privileges and limitations. This also comes with various tax implications based on the nature of your stay whether it’s for tourist or business, or work. If you’re planning to reside in the United States permanently after several stays, you should apply for a green card that may also take some time.
will end up owning not just one but a number of second homes in different locations.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

 

Canadian Second Homes: A Perfect Investment For Winter Visitors

Posted in Canadian Retirees, Phoenix & Scottsdale Property Available and Sold, Real Estate, Real Estate, Winter Visitor Second Homes on 01/04/2012 04:28 pm by admin

Many frequent visitors of the United States invest on Canadian Second Homes for savings and possible investment returns. Since Canada is generally cold, many of its people are eyeing warm states like California, Florida, Texas, and Arizona for a second property. Canadians are buying for many reasons – it can be for vacation, a place for future retirement, or to be up for rental.

Canadian second homes are abundant in the Arizona state, particularly in Phoenix. Aside from being a popular spot for business and leisure, the city is still on the process of recovery from recession. The number of foreclosed properties led to low rates. With a still weak economy and current price correction, it is a perfect time to invest on real estate.

Knowing The Figures

When planning to purchase a property in another country, one must learn the every detail on getting title, possible loans, tax rules, and renting out guidelines. For Canadians, it is possible to get a loan on a U.S. based property. Although guidelines vary on each bank, it is expected to have a down payment of at least 30%. For more secure financing, opt for a U.S. institution. Individuals can get a loan for Canadian second homes given the fact that they are the ones who will occupy the property and it’s not for rent.

Meanwhile, if you’re planning to put up the property for rent, you have to file a U.S. tax return. Be aware of the tax regulations so you don’t pay taxes twice. There’s a Canada-U.S. Tax treaty prevailing the domestic U.S. and Canadian tax rules so a Canadian having second homes in the U.S. can lower his overall tax bill.

Currency exchange can be expensive. In order to save on money exchange, canvass different stores for the best rates and services. One helpful tip to Canadians – always haggle, especially when exchanging high amounts of dollars.

Buying Guide

Buying a property in another country is costly. Before the actual purchase, it requires frequent trips to the U.S. to see the structure personally and to process the legal documents. This decision will greatly affect your financial condition so you must know the risks involved.

Just like in any property purchase, determine what are your needs and want. This set of preferences will serve as guide in looking for the best Canadian second home. Whether you want a condo or a single house; number of rooms; or property area. Take note of such details so you can tell it to your trusted real estate broker.

Talking about the broker, make sure that you hire a trusted agent who works with a company known for real estates. Choose a full time real estate broker with years of experiences in the field, particularly in Canadian second home transactions, and with lots of connections with different home sellers. Remember that you are putting your trust on this person to look for the ideal home for you.

Know your budget. Let your agent know your budget for the property. Aside from the mortgage, consider the cost of maintenance upon purchase. Your broker can look for the best home at your indicated price range and can haggle for a great deal. You can also check online for properties available and let your agent do the meetings with the owner like inspecting the property and coming up with a payment agreement.

Once you are near in closing the deal, fly to Arizona to personally inspect the property together with your agent and an experienced house inspector.

 

My Christmas Surprise from Safeway Employees They are Amazing!

Posted in Children Charity, Children and Christmas on 12/27/2011 08:10 am by admin

safeway presentation of christmas checkSafeway Norma’s department from Safeway had called me to come by and pick up a check that her department had for me to help with Christmas needs and toys for our kids. They had collected for the kids. These employees do so much for us during the year and are just a rock to us, so I was somewhat surprised to hear from them again about their Christmas giving to us as well. When I went I got to see the employees of the department and what a fantastic group of people. I don’t get to meet them as a rule even though I did meet a few at our fund raiser last year. That in itself was a treat for me to see the faces of the generosity all year. Anyway no surprise here anymore since that’s what they are good at is surprising me, they handed me a check for $880.00. How welcomed was that!! Oh but we aren’t done, then Norma tells me they have gone shopping for me. Their group is down home basics people and I just love that about them. They know I need to help kids all year not just at Christmas We were blessed a few years ago with their shopping event for basics, bedding, shoes, kitchen stuff. It was extraordinary. Norma and Kevin (you should see the pictures of his dogs) arrive at the Girls Place on the 22nd with a truck full of new jackets, shoes, household stuff etc. They knew the sizes of the kids needing jackets and the sizes of the kids needing shoes. I signed a receipt for $3948.00 worth of goods. Thank You Safeway Employees!!
Maureen Karpinski
Director/founder
Love House Kids Program
www.lovehousekidsprogram.org
maureen@lovehousekidsprogram.org
Phone 602 980 0760

 

Phoenix Investor’s Paradise: Why it’s The Best Time to Invest in Phoenix

Posted in Great Real Estate Investment Opportunites, Phoenix and Scottsdale Realtors, Real Estate, Real Estate, Winter Visitor Second Homes on 12/25/2011 06:02 pm by admin

Maureen Business smaller shootYou don’t have to be an expert in real estate business to know that it’s the best time to invest in Phoenix, AZ because of a drop in real estate prices. The area’s investment property market is a Phoenix investor’s paradise. There are great investment opportunities everywhere. But one should refrain from rushing in selling or buying properties just because the market is good. Good business practices apply all the more in the most promising of business environments.
Consider these following tips:
When you buy a house in Phoenix, chose one that has a minimum of three bedrooms and two baths. Of course nothing will stop you if you want to buy a house with only one or two rooms. But if you plan to rent it out, the minimums mentioned will allow your house to be rented out easily.
Three or more bedrooms allow renters with tight budget to share the rent. A family that can afford it will always go for more bedrooms, while a family that wants an exclusive house to rent will settle for a one-bedroom, one-bath house. But they comprise a very limited market. A three-bedroom, two-bath house has a much bigger pool of potential renters. A Phoenix investor’s paradise is a market that offers deals that a wider market can enjoy.
Invest in houses. They are easier to rent out than condominium units. This has been a trend in the real estate market in Phoenix. Buying a condo unit has its many advantages, like you don’t have to worry about regular maintenance and repair. But the benefits come with a price in terms of condo dues.
Choosing The Best Location
Choose the location wisely. Even if the market says that the whole area is a Phoenix investor’s paradise, location is still an important factor. Do your homework. Do a research on which particular area in Phoenix the real estate market is at its best. Check the occupancy and vacancy rates in various areas and make a comparison. Know that vacancies are your worst enemy in the business.
If you find all these tasks daunting, hire the services of a real estate agent. Admit the fact that you are not experienced yet in the real estate market. Choose an agent that has years of experience in Phoenix’s real estate business. A good real estate agent is one that can provide with potential renters for your house. If you are looking for a house to buy, the agent must provide you with several choices in different areas. The house may not be something that you would like to live in yourself, but something that will give you the highest return of your investment.

Aside from hiring the services of a real estate agent, it helps if you have friends and relatives who have experienced doing real estate business in Phoenix and are doing well in the field. They can provide you with valuable advice free of charge.
Lastly, if you are serious in doing real estate business in Phoenix and want to take advantage of the place as a Phoenix investor’s paradise, start thinking like a real investor and a landlord. Learn the ways of the business. Learn the basics in real property business. Read anything that you can get your hands on about Phoenix and its people. Familiarize yourself with the real estate laws and local ordinances in Phoenix and other legal issues that you will be dealing with as you proceed with your business. You don’t want any legal trouble to pull you down. Besides, you want everything in your business to above board.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

 

Christmas Blessings for Children in Need

Posted in Real Estate on 12/22/2011 03:30 pm by admin

Good morning, I just wanted to share with you what our pick up looked like on Thursday. Thank Goodness for Tammy Konkol. How many times do you see an email with a Konkol name in it! This family is a back bone to us. She arrives with the love house van ( thanks to Pat Sommer who had that donated) and attached are the pictures of what we were greeted with. I started out asking Mike Little owner of Avondale Nissan if we could put a toy box in the showroom. We have wanted to get a dealership to be part of us but just couldn’t get the involvement. I was down getting my car serviced dropped in to say hi and Mike suggested that it would be best for them to take a group home child’s complete wish list which delighted me. We sat and talked about the group home kids and the aloneness of Christmas for them and as I was leaving his office he changed his offer from1 child to 13. I just stood there in disbelief. He looked at me and said ” we need to get shook up around here” We had just found out that one of our companies that always supported us has changed their charitable giving and they would not be there for Christmas this year so this was better news than ever. It didn’t stop there, we took on another house that nobody had sponsored and Avondale Nissan with all their employees took on another 3 kids to total 16. These employees contribute all year to their fund. This is not a corporate alone deal, this is people like you and me trying to make a living and live a good life, Mike then matches them. We certainly got a dealership and as always in God’s timing and his way. We never thought we could get one to take on complete wish lists which is perfection for us. Of course it is it’s HIS way!
Have a Blessed Christmas

 

Second Homes: Important Things To Remember Before Making An Investment

Posted in Great Real Estate Investment Opportunites, Real Estate, Real Estate, Winter Visitor Second Homes on 12/18/2011 04:45 pm by admin

Maureen Business smallest shootPeople have different reasons in buying second homes. But whether it is for an additional investment property, a place to retire, or just a place to go during weekends and the holidays, there are several important things to consider so you will not end up wasting your hard-earned money. The following are some steps that one should take before making that important purchase.
First, you should decide if the second home you are planning makes sense financially. You don’t have to be an investor to know that buying a second home should be a sound move financially. We’ve heard stories about second-home owners complaining that they ended up spending a lot more than they expected, including the price, maintenance costs and other extra expenses. Factor in all costs, especially the ones that you will incur in keeping the house when it is not in use. For one, you have to hire somebody to watch over your property while you are away. Then there’s insurance to consider also. You may want to rent it out to cover your costs monthly.
Location, Economy, Amenities
Second, the location and the type of house are crucial. You wouldn’t want to buy a second home that is located in an area not ideal for vacationing or spending your retirement years in. Do a market research and ask friends and relatives for referrals. Familiarize yourself with the trends in property resale values. The economy of the place should factor in, too. Consider also the convenience factor, like its distance to the town center, local schools, hospitals or emergency health centers, government offices, etc. A certain amount of privacy is good, but second homes should not be extremely isolated from the basic amenities and services of daily life.
Also decide what type of home is it that you want. Do you want a single-family type of house, or a condominium, or a townhouse? Which type serves your purpose best? The cost of maintaining these different types of second homes varies.
Tax Considerations
Third, you have to factor in the tax implications. Property taxes vary from location to location, from state to state. If you plan to rent out the house, you have income taxes to consider also. You cannot avoid taxes, but careful planning will enable you to save thousands of dollars each year. As far as taxes are considered, a wise choice of location and the number of days you are renting out your property will matter.
Fourth, you must have short- and long-term financing plan. A good plan is combining down payment with a loan. You make a down payment then pay the rest with the loan. The higher the down payment, the lower payments you will have for your loans. Check the choices available to you. You can use your primary house’s equity, you can refinance your car, or you can borrow against your life insurance policy. These are just three options you can choose from
Fifth, check if you can avail yourself of any non-traditional financing method. If you have close friends and family who can lend you some money, approach them with your plan. Instead of paying interest to a bank, you are handing over your this money to people close to you. What’s best is that if there’s high possibility that these friends and relatives lend you money without interest.
Sixth, be prepared if you want to be a landlord. Whether you are renting out your property on a long-term basis, or just during weekends, you are now playing the role of a landlord. You are actually a business owner now, so avoid relying all the time on your instincts. Learn the best business practices being implemented by successful landlords.
Second homes can be a lucrative business if handled professionally. Who knows, you will end up owning not just one but a number of second homes in different locations.
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

 

Second Homes In Phoenix AZ

Posted in Canadian Retirees, Great Real Estate Investment Opportunites, Phoenix & Scottsdale Property Available and Sold, Real Estate, Winter Visitor Second Homes on 12/01/2011 05:49 am by admin

Maureen Business smaller shootMany 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.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

 

Investors In Phoenix

Posted in Canadian Retirees, Great Real Estate Investment Opportunites, Phoenix & Scottsdale Property Available and Sold, Phoenix and Scottsdale Realtors, Real Estate on 11/26/2011 08:15 am by admin

Maureen Business smaller shoot
Purchasing a Phoenix real estate should not be limited to a new permanent address or retirement plans. In fact, one can use this investment that can come rewarding in the following years. After the state’s economical turmoil that greatly affected the real estate market, Arizona has been rising to regain its former glory.

Investment Is A Long-term Scheme

Property investment can be a thrilling venture and can be very rewarding when you know how to play the game. Most businessmen would attest how real estate is such a good investment and this undertaking doesn’t just takes moths but years. Being a Phoenix real estate investor means looking at the long-term scheme. It consists of a series of methodologies on how to purchase the right property, modify it, and make it appealing to future buyers or tenants.

It takes time and effort in finding the ideal property in Arizona. A professional Phoenix Realtor may come helpful throughout the process. He/she can identify which properties are preferable for people of different backgrounds. They have a comprehensive list on properties around the state from condos and townhouses in the city to exclusive residential houses in gated communities Phoenix-based.

Why Invest in Pheonix?

Geographically speaking, Phoenix is larger than Los Angeles and has a complex real estate market. It has a vast selection of properties from affordable old homes to modern condos and townhouses to family homes in gated communities Phoenix. And if the prices fall, expect to have the abundance of available investment opportunities.

Investing in Phoenix real estate is a smart move to capture the state’s recovering market and cultivate its potentials. Phoenix is becoming one of the fastest-growing metro areas in the United States. It has museums, a zoo, and many outdoor activity centers. A short drive from the city and behold the Grand Canyon.

Arizona is often viewed by investors as a business-friendly state compared to California and other highly-regulated and highly-taxed states. There’s the population growth, increase in stable jobs, and low unemployment rates. And because of its geographical location, natural calamities such as hurricanes and earthquakes rarely happen.

For winter visitors, Arizona is the perfect place to own a second home. With its warm climate, families from cool countries can enjoy warmer holiday seasons. The figures of winter visitors have increased significantly over the years. With this, such people are the perfect buyers or tenants for your property.

Opportunities For Your Investment

A Phoenix real estate can be modified to be more appealing to buyers or tenants. With the population growth and increasing figures of winter visitors, a well-kept property can be your best asset in the real estate market. Consult an experienced Phoenix Realtor on how to determine value of your home in accordance to the current market trend.

Properties within the city have more market among tourist and local citizens who want utmost convenience and accessibility. Condos and townhouses are usually sold or put up for rent because a number of them are located right within the heart of the city. On the other hand, gated communities Phoenix also have a market among people who want security and other amenities.

There’s also a different market when your property is located nearby the Arizona State University. A great demand of housing arises during class openings. To supply the students’ need for housing, one can remodel their property into a dormitory.

Arizona’s rising economy, warm climate and marvelous sceneries will continue to attract more tourists and new residents. You may want to keep an eye on strategically located properties with full potentials, invest on a Phoenix real estate, and reap the rewards of your investment.

Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties

 
Older Entries