In the past couple of years there have been a large number of people from Canada who have come to the US to buy homes. It’s because the real estate in some areas of the US is a lot cheaper than it is in Canada. In some areas houses can be purchased for about one third of what it would cost for a similar home in Canada.
I have recently worked with several families from Edmonton Alberta who have learned about the substantial bargains that are available in Arizona. They have purchased homes that were bank owned or that were available as short sales. In both of these instances the homes have been purchased at prices that were around 50% of what the prices had been just a couple of years ago. One gentleman from Edmonton told me that if he bought the same home back where he was from in Canada it would have cost him three times as much.
The west side of Phoenix grew rapidly in the last few years and the prices for single family homes rose very quickly. Some of the owners refinanced their homes assuming that the continuing inflation would make the homes worth a lot more when they decided to sell in a couple of years and there would be plenty of money to pay of the new mortgages. When the real estate market turned up side down most of these home owners found the value of their homes started to go down and soon many owners were stuck with mortgages that were way over what the homes would actually sell for. Some of the financial situations of the owners changed and as they could not sell the homes for the money that was owed on them some of the homes were abandoned and subsequently foreclosed on. These homes went back to lending institutions that were required by law not to have a large percentage of their assets in real estate and so they were forced to sell these homes as quickly as possible. For people who had the time to look and the money to buy there were many great bargains beginning to show up in real estate.
Many owners of homes with mortgages that were way over the current value of the homes in question wanted to sell their homes but didn’t want to be involved in foreclosures and so they decided to try the short sale. Their credit would not be so adversely affected and they would be able to purchase another home in a couple of years and once the short sale was complete the lending institution would not have the right to come after them for more money.
When the short sales and the foreclosures were added to the list of homes that were being sold for greatly reduced prices in some areas on the west side of Phoenix there was a list of bargain properties that began to exist and soon there were people from all over the country beginning to look at the housing market in the Valley of the Sun. Now there is a large group of people from Canada who are involved in purchasing a retirement home or a second home in the Phoenix area. I have had the pleasure of helping several families find homes in the area that proved to be huge bargains for them. I can help with transportation in the area and names of realtors who can facilitate transactions that will save as much as 30% or 40% and even more on your next purchase. http://bit.ly/cLpRDKIn the past couple of years there have been a large number of people from Canada who have come to the US to buy homes. It’s because the real estate in some areas of the US is a lot cheaper than it is in Canada. In some areas houses can be purchased for about one third of what it would cost for a similar home in Canada.
I have recently worked with several families from Edmonton Alberta who have learned about the substantial bargains that are available in Arizona. They have purchased homes that were bank owned or that were available as short sales. In both of these instances the homes have been purchased at prices that were around 50% of what the prices had been just a couple of years ago. One gentleman from Edmonton told me that if he bought the same home back where he was from in Canada it would have cost him three times as much.
The west side of Phoenix grew rapidly in the last few years and the prices for single family homes rose very quickly. Some of the owners refinanced their homes assuming that the continuing inflation would make the homes worth a lot more when they decided to sell in a couple of years and there would be plenty of money to pay of the new mortgages. When the real estate market turned up side down most of these home owners found the value of their homes started to go down and soon many owners were stuck with mortgages that were way over what the homes would actually sell for. Some of the financial situations of the owners changed and as they could not sell the homes for the money that was owed on them some of the homes were abandoned and subsequently foreclosed on. These homes went back to lending institutions that were required by law not to have a large percentage of their assets in real estate and so they were forced to sell these homes as quickly as possible. For people who had the time to look and the money to buy there were many great bargains beginning to show up in real estate.
Many owners of homes with mortgages that were way over the current value of the homes in question wanted to sell their homes but didn’t want to be involved in foreclosures and so they decided to try the short sale. Their credit would not be so adversely affected and they would be able to purchase another home in a couple of years and once the short sale was complete the lending institution would not have the right to come after them for more money.
When the short sales and the foreclosures were added to the list of homes that were being sold for greatly reduced prices in some areas on the west side of Phoenix there was a list of bargain properties that began to exist and soon there were people from all over the country beginning to look at the housing market in the Valley of the Sun. Now there is a large group of people from Canada who are involved in purchasing a retirement home or a second home in the Phoenix area. I have had the pleasure of helping several families find homes in the area that proved to be huge bargains for them. I can help with transportation in the area and names of realtors who can facilitate transactions that will save as much as 30% or 40% and even more on your next purchase. http://bit.ly/cLpRDK
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