Speak to Me© series Marion Edward, September, 2010
Phoenix, AZ – September 28, 2010 – (RealEstateRama) — Full moon power lightens the Arizona desert sky, at least cooling down from the intense summer. Yet, with an ever-increasing abundance of investment in Arizona’s sky islands, Canadians flock for visits and investment themselves as home owners to the Valley of the Sun which heralds, for them, significant economic value, so much so that North America’s northernmost travelers are now the largest percentage of new home owners in Arizona. In April, 2010, about ¼ of home buyers to metropolitan Phoenix were not from Arizona. According to Catherine Reagor from The Arizona Republic, “Now, the dominant group of out-of-state buyers is from outside the country.” Phoenix-based Information Market stated Canadian investments in Arizona homes have grown 80%, per comments made during a recent Marketplace interview on American Public Radio.
Why, you ask? According to multi-million dollar producer of Arizona residential real estate, Mary Maloney, “Canadians are excellent savers. Match ready cash with Arizona’s plummeting residential real estate values of up to 50% in the past few years, and you have a situation that’s a buyer’s market. Add to the mix the favorable exchange rate, and a housing market that’s actually appreciating back home in Canada, and there you have it: Canadians in a unique position to buy.”
Mary enthusiastically welcomes those seizing the moment to recreate their lives by investing, and occasionally expanding or downsizing, in Arizona’s magnificent Sonoran desert vistas of homes and land in North Phoenix. Mary enjoys it so much she lives there. She’s rooted her family in the community of Vistancia where daily hikes typically end work days. Privacy, tranquility and state-of-the-art residences complement exquisite environs in a neighborhood boasting conveniences “to which she’s accustomed”.
“It’s all about choice and value NOW,” says Mary. “Prices and mortgage rates are low; options abound. Plus, thanks to new, stricter financing rules on government-backed loans, qualified buyers face less competition!” Mary considers these “deals of a lifetime”. Discriminating clients note the Arizona purchase comes with the additional amenity of incomparable lifestyle. Whether single, married, young family, empty nester or Encore Client™ (her term for “seniors”), Mary insists: “You can have your heart’s desire! The challenge is knowing what you want.”
Mary recommends client confine searches to finished developments and those in which the developer is not the major owner. “As a licensed real estate agent, this is part of the value proposition I bring to the table. I take pride in sharing options for financial health with clients. Long time resident of the State of Arizona, Mary has worked in the real estate arena for 25+ years. A literate service professional, Mary handily advises clients on licensed contractors, supply houses, permits, taxes and/or related fees.
“I assist clients to do the math. Particularly, in our desert climate, you can save energy without spending a lot when you are aware of relevant options,” states Mary. “Buyers might even justify an appliance upgrade with cost savings on their thermostats!”
The time to strike is now. Value investing is all about buying real estate priced below what it’s really worth, and this strategy makes sense at the moment. Discounts are available along with federal incentives. It’s good news for buyers in our down economy.
“A home needs to be a comfortable investment,” continues Mary. “Arizona is the land of milk and honey for tried and true Canadians who have truly weathered the storm of Mother Nature. It’s a tossup which is greater: sunshine or magnificent desert vistas…Arizona has both!”
Media Note: For further information, contact Mary Maloney: specialagentMary (at) cox (dot) net; 602-301-336.