A Guide to Buying Real Estate in Arizona For Canadian Home Buyers Courtesy of The Halle Group with Keller Williams Realty
Welcome to Arizona!Thinking about buying real estate in Arizona but notsure where to start?Here’s a bit about a few different areas of theValley, our current market conditions, and financingoptions for Canadian buyers.Visit our home search tool to search availablehomes. This site is updated daily.Search available listings: http://x.co/bPYn
Scottsdale• Scottsdale is bordered by Phoenix to the west and the McDowell Mountains on the east.• Scottsdale is annually rated among the nation’s most desirable communities to live in, visit and do business in. And, we have some fantastic golf courses!• Scottsdale’s vibrant downtown is considered the finest urban center in Arizona. It is home to more than 90 restaurants, 320 retail shops, and more than 80 art galleries.
Paradise Valley• The Town of Paradise Valley is conveniently located between the City of Scottsdale to the east and the City of Phoenix to the west.• PV is mostly a residential community and residents enjoy and appreciate the peaceful and quiet surroundings, the dark nighttime sky and the unobstructed views of the Phoenix Mountain Preserve, Camelback Mountain, Mummy Mountain and the Indian Bend Wash.• PV is the home of 9 exquisite resorts.
Tempe• Tempe is conveniently located to the east of Phoenix with easy access to the 101, 10, 60, and 202 freeways and minutes from Sky Harbor Airport.• Downtown Tempe offers more than 175 restaurants, nightclubs and retail shops.• Tempe is home to Arizona State University and Tempe Town Lake.
Ahwatukee (Phoenix)• Ahwatukee ("Ahwatukee Foothills Village") is an "L"-shaped bedroom community bordered on the north by South Mountain Park.• Although annexed by the City of Phoenix, Arizona from 1978 to 1987, many of its residents consider it a separate city.• Ahwatukee has been recognized by Money Magazine as one of Americas "Best Places to Live".
Chandler• From its founding, Chandler has been a community built on innovation and community. With the addition of nearly 100,000 young, educated and affluent citizens in the last 10 years, Chandler is an exciting place to live and work.• Downtown Chandler has a little something for everyone, whether youre looking for a chic party venue, checking out the best in local brew and wine, shopping for the latest one-of-a-kind fashion accessory, or just want to enjoy lunch with friends.
Gilbert• Gilbert is a young, affluent community in the East Valley. Incorporated on July 6, 1920, Gilbert is a relatively new community that has seen tremendous growth during the past two decades.• The community’s dense volume of educated residents boasts one of the highest concentrations of graduate and professional degrees among competing western U.S. cities, with 34.13% of residents holding a bachelor’s degree or higher, outpacing the national median by 38.5%. In addition, the median income of Gilbert’s residents is one of the highest within Arizona at $86,077.
Mesa• Getting to Mesa has never been easier with the launch of seasonal service from WestJet to Phoenix from Vancouver, Kelowna and Victoria, BC. WestJet continues to offer daily non-stop service from Calgary, AB. Mix in US Airways non-stop service to Vancouver, Calgary and Toronto - and Air Canadas non-stop service to Toronto and you have incredible access anytime. For folks seeking value - a hop offer the border to Bellingham, WA (50 miles from Vancouver) will get you on Allegiant - who say that up to 70% of their customer base comes from the Vancouver region for this flight. With non-stop service also offered in Great Falls, MT and Grand Forks & Fargo, ND - Allegiant is pulling incredible numbers out of Alberta and Manitoba, too.• We have a saying in Mesa: Same Sun, Less Burn. Mesa offers our seasonal visitors value, value, and yes, more value. For winter guests staying a month or longer, our active living RV parks are a popular alternative for a trek down south. And, these days more and more Canadians are picking up a vacation home which makes a winter pilgrimage that more possible. Staying in Mesa during Arizonas high season will save you enough budget to spend on premier golf, more attractions and day trips to explore our stunning landscapes and hidden desert gems.
San Tan Valley• June 23, 2009, an unincorporated area in Northeastern Pinal County became known as San Tan Valley, Arizona’s newest community.• Sky Harbor International Airport is located 40 miles northwest of San Tan Valley and is served by 21 airlines. http://www.phxskyharbor.com/ Phoenix- Mesa Gateway Airport is located 11 miles northwest of San Tan Valley and is served by Allegiant Air. http://www.phxmesagateway.org/
Age Restricted CommunitiesAZ has some great Age Restricted Communities.You have to be at least 55 (typically your spouse canbe a little younger) in most of these communities tobecome a resident and these communities usuallyoffer great amenities such as: a golf course,community pools and spas, sport courts, games,crafts, entertainment, and more.Contact firstname.lastname@example.org for a free list of all ofthe age restricted communities that the area has tooffer.
Cash Flow with Seasonal Rentals• Some Canadian home buyers are renting their homes out as vacation rentals while they are not visiting AZ.• Some are getting more than $1000 per week for their vacation rental while still having the ability to schedule their own vacation time in as they wish.• Contact email@example.com for rental rates in your favorite Arizona community.
Market Stats• According to The Cromford Report (http://cromfordreport.com/) and I quote… “September 5, 2011 is currently our candidate for the lowest monthly average sale price and September 15, 2011 saw the lowest monthly average sales $/SF. Since September 15 all readings have been higher for both these measures.”• ARMLS (our local MLS system) reports that we are currently at a 3.36 months inventory (based on numbers in December 2011). In December of 2010, we were at 5.44 months inventory. What do those numbers mean? The rule of thumb is that anything under 4 months inventory here in the Valley is considered a “sellers” market. Meaning, inventory is low therefore demand is high at the moment. If you are going to buy, now is the time. We are starting to see an increase (although it’s slight) in home prices.• For more info on market conditions visit our blog: http://katiehalle.com/
FinancingLender Ben Allred with Waterston Mortgage Corp (480.635.3084 ) is currently offering this program forCanadian home buyers:• Borrower is not required to have a social security number• No Fico is required. We will accept foreign credit reports to demonstrate credit worthiness or satisfactory alternate credit, from country of origin• Max 50% LTV• Second Homes• Interest Only is available• Income documentation is required• Seasoned assets in a known verifiable financial institution required• Borrower must apply for a Tax Identification Number (TIN)• Valid passport and second form of ID is required• Loan amounts from $300,000 to $5,000,000. We will consider loan amounts over 5 Mil on a case by case basis• *Specializing in Jumbo ARMS• *Portfolio Lender• *Simple process and quick turn-around