Search like the real estate pros on Azhomeforsale.com
They’re both big, beautiful cities with bright futures. Which is why you see so many Calgarians buying homes in Phoenix, Ariz.
Sandy Mager, a licensed agent with West USA Realty, and her husband and marketing manager, Roger Mager, launched Azhomeforsale.com to make it easy for Canadians to find the right property.
“When they go on our website, they get an accurate view of Phoenix Metro real estate listings,” says Roger. “Our website allows you to search as all realtors do.”
The site is fully integrated with the Phoenix MLS realtor search engine.
“Anything on our website, as far as listings go, is current, and by the minute,” says Roger, adding they also track “AWC” listings. “That means there’s a bank negotiation contract in process, but that doesn’t mean it’s sold. It may come back on the market, as the market has transitioned from REOS (bank-owned) to ‘ short sale,’ where the banks are willing to work with sellers to protect the owners’ credit.”
Roger says Phoenix is starting to see a turnaround in home prices. “You have been able to find 1,600- to 1,800-sq.-ft. homes for $85,000 to $90,000,” he says. “That’s still possible, but the market is changing. The deep de-leveraging is behind us, and available Mls-listed inventory is at a 10-year low.”
At current home values, “investors have been able to attain 10 per cent gross return, six to seven per cent net return on investment properties,” says Roger, adding that the Magers also offer property-management services to help buyers secure quality rental tenants.
For more information, including a foreign investor’s guide, visit azhomeforsale. com, or call 1-602-577-0500.