More and more Canadian residents are heading south to find a second home or investment property in the sun as the Canadian currency reaches parity with the U.S. dollar. About 27,000 Canadians bought vacation homes in the U.S. last year, according to the NAR (National Association of Realtors). As the Canadian currency (known as the loonie) continues to appreciate, Canadian buyers will continue to seek winter retreats in sunny states like Arizona.
Common Canadian Questions & Answers Regarding the purchase of Arizona Real Estate How long can a Canadian Citizen visit or "winter in" Arizona? You will often hear that the magic number … (1 comments)
buying: Tips for Making a More Competitive Offer on an REO/Bank Owned Property
- 02/04/10 03:11 AM
"How do I get the seller to accept my offer"? This question typically comes to us from our clients, out of frustration, after they have made many offers on multiple properties, getting beat out each time! We have experience listing REO's, Short Sales, ‘regular' sale properties, and builder specs. Here is a typical scenario on a bank owned home that is newly listed for $150k: Multiple offers are often received within the first 10 days on market. If there are 5 offers on the property, 4 of 5 will look like this: FHA loan, $150k offer, 1k earnest, 3% seller … (8 comments)
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