Escape to Scottsdale's Blog: Canadian Buyers

I've been reading blogs and articles from other realtors suggesting that the market has so called "bottomed" and the surge in recent sales. The word "bottomed" is a nice word that so called real estate and Wall Street gurus came up with to help lure people back into the markets. I find that very funny seeing that foreclosures in the first 2 weeks of April there have been more foreclosures filed than in the whole month of March; which was a record month. People tend to blame the media for everything. It's funny because I didn't hear anyone complaining when the media told all the good news about real estate during the boom.

 The articles about the many Americans buying multiple homes and making a hundred grand before they made there first mortgage payment…

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For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".   

Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like Avondale, Goodyear, Buckeye, City of Maricopa,… Read Full Post

For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".   

Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like Avondale, Goodyear, Buckeye, City of Maricopa,… Read Full Post

For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".   

Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like Avondale, Goodyear, Buckeye, City of Maricopa,… Read Full Post

For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".  

  Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like Avondale, Goodyear, Buckeye, City of Maricopa,… Read Full Post

For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".     Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like Avondale, Goodyear, Buckeye, City of Maricopa,… Read Full Post

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For many reasons including the weather, lifestyle and golf, Phoenix and Scottsdale have been a popular  vacation home destination for Canadians for many years. Recently we have seen these numbers skyrocket due to the weak U.S. dollar and declining real estate market and potential for so called "deals".     Canadians still have to be aware of what they are purchasing and the intent of that purchase. If you are searching for a "pure" investment property you have to make sure you will be able to have significant cash flow on that property. Breaking even or losing money every month in a declining market is not good business sense. Your money may be better invested elsewhere. Fringe area properties in cities like… Read Full Post