Home Buying in Phoenix>Question Details

Bruce Igguld…, Home Buyer in Sedona, AZ

living in canada want to move to arizona what do i need to know about buying??

Asked by Bruce Iggulden, Sedona, AZ Sun Aug 14, 2011

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Hello Bruce, I am a mortgage professional with BBVA Compass Bank that does many Canadian loans in California and Arizona. There is no need for you to use a mortgage broker when you can come directly to the bank to utilize our Foreign National loan program. We offer 25% down payment up to 1 million dollars, with very light documentation regarding your financials. We will also allow 25% down payment on a condominium with a clean condo certification, otherwise, it would be 30% down payment on a condo. Feel free to call me at (858) 531-6732 or email me at roy.padilla@bbvacompass.com.

By the way, Realtors that read this post are welcome to call me as well and I can show you how this loan program can be closed just as smoothly as a domestic loan.
0 votes Thank Flag Link Fri Mar 29, 2013
if you like it call me .http://orangecounty.craigslist.org/reo/3474424277.html
what area you r moving in Arizona ?
0 votes Thank Flag Link Thu Jan 10, 2013
Get in touch with a good lender, prior to starting your home search. You will want to be pre-qualified prior to doing anything else. While you are in the process of getting qualified, work with an agent who is familiar with the communities you might be interested in. With your agents help and a lit research, I'm sure you'll find the right home for you. Best of luck!
0 votes Thank Flag Link Wed Aug 24, 2011
Hi Bruce,

Congrats on the decision to move to the sun. You won't regret it.

You might find the info I put together on this website useful: http://www.yosthomes.com/Winter-Visitors-Active-Adults-and-F…

Best of luck with the home search, let me know if there is anything I could do to help.

Emma Beyer
RE/MAX Casa Grande Yost Realty
Web Reference: http://www.yosthomes.com
0 votes Thank Flag Link Tue Aug 23, 2011
If you plan on financing you need to be Pre-Qualified with a lender. The real estate agent would want the Pre-Qualification letter before showing any properties. It will actually help you to know how much you can finance, payment, required downpayment etc....I am in Tucson which is a very popular place. Feel free to contact me 520-440-8230.
0 votes Thank Flag Link Mon Aug 22, 2011
Buying can be fun/scary. Are you planning to own it for a while? There are numerous ways to buy, however, the auction has been a good place for me when buying for Canadians...it's a fast transaction and doesn't leave as much time for the currency exchange rate to adjust. I have a ton of friends in Winnipeg that would refer me, if I can help let me know. Thanks! http://www.betterchoicehomes.com
0 votes Thank Flag Link Sun Aug 21, 2011
Don't worry about agents as much as narrowing down location
Depending on your price range and what you want in a location
Is it strictly winter locale? Hobbies? Golf etc
Do you want a mountain or very desert like.
Or a compromise between the two?
We ended up choosing an area north of Tucson because of our interests. I.e. A little cooler, scenery golf and other amenities in community
You may end up finding a great agent but wrong locale
0 votes Thank Flag Link Wed Aug 17, 2011
Are you looking to pay cash or finance. Secondly what kind of property are you looking to buy? Second home or rental property? Feel free to contact me as I help many investors at 602-361-9292. Mamta Jain
0 votes Thank Flag Link Tue Aug 16, 2011
Hi Bruce, I see you are in Sedona now so you have some experience of Arizona already. I'm an ex-pat Canadian and have worked extensively with international buyers, so I'm very familiar with the type of questions you have, plus some you may not know about. First of all, there are no legal barriers to you buying in the USA but if you have any ideas of renting out the home, you need to get legal and accounting advice from both sides of the border because of the many implications of US rental income. There is a withholding tax you would pay upon selling if you do not have a green card or US citizenship, called the FIRPTA tax, usually 10% of the sale price of the house. Getting financing here will be a challenge unless you are a cash buyer; there are some lenders who will lend to foreigners though and I can help with that. The paperwork is much more extensive than in Canada, so it will seem like a lot of slogging when you get to that point, but that's why I am here, to walk you through it. Check my website for Buyer and "living in the USA" guidelines. I'd love to hear from you!
0 votes Thank Flag Link Tue Aug 16, 2011
Find an agent that specializes in the area you're interested in purchasing. It doesn't cost you anything for the buyers agent.
0 votes Thank Flag Link Mon Aug 15, 2011
If you are planning on financing the property you would want to be prequalified thru a lender first. Feel free to contact anytime.
Thelma Chavez
520-440-8230
tchavez@fairwaymc.com
0 votes Thank Flag Link Mon Aug 15, 2011
Bruce,

You will want to find a good Realtor to help you through the entire process. I also suggest that you speak with your tax accountant and attorney regarding your specific situation as this will make a difference. If we can be of help in your home search, please don't hesitate to contact us. You can search the official MLS for free through this site we provide: http://link.flexmls.com/ua70wacvime,12 If you have any questions on searching be sure to call!

Best Regards,

Brenda
Brenda & Ron Cunningham
602-980-3133
**** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" ****
0 votes Thank Flag Link Sun Aug 14, 2011
Dear Bruce:

Arizona is very popular with Canadians right now. As of a recent study, there a more Canadians buying in Arizona than from any other US state. Why. See this link: http://arizonahomesland.com/canadianbuyersarizona.html

I encouragy you to visit and see some properties. In the meantime, feel free to check out homes for sale in Arizona for free: http://arizonahomesland.com/freearizonamlssearch.html

Jeff Masich
HomeSmart Realty
Arizona Homes and Land
Web Reference: http://ArizonaHomesLand.com
0 votes Thank Flag Link Sun Aug 14, 2011
Lots of these questions on TRULIA are not from the public. They are from Realtor's.

Get on a plane and check the place out. I wouldn't buy anything unless i am standing out front of the property.

Investor Mike
Gilbert, AZ
0 votes Thank Flag Link Sun Aug 14, 2011
I have several Canadian friends/clients who have purchased numerous properties........I'm sure that they'd be happy to talk to a fellow Canadian about their experience...

Call me and I can give you their email's and you can talk w/them.

Regards,


Neil Brooks
Realtor
HomeSmart
602-574-1111
neilbrooks@cox.net
0 votes Thank Flag Link Sun Aug 14, 2011
Please explore articles on my website about the buying process process and issues related to how to hold title in Arizona for Canadians at http://www.arizona-dream-homes.com/ArizonaCanadianHomeBuyers.html .
Better yet, please give me a call at 623-688-0044 so we can discuss your specific situation.
0 votes Thank Flag Link Sun Aug 14, 2011
Bruce, I am relocated from Canada, Much of our selling process is similiar. However we have a lot of short sales and bank ownd homes that are on the market. The offer process can be exhausting however if it is presented correctly and competively you can find a great value. .

Feel free to contact me for a detailed book on the process. I recently closed 3 homes with Canadians

Regards,
0 votes Thank Flag Link Sun Aug 14, 2011
Bruce

Arizona is a great place to live and we welcome you!

A few tips about buying in Arizona:

1. Buyers will need to be Pre-Qualified or have Proof of Funds for Cash

2. Choose a Buyers agent you enjoy and trust

3. Prepare for competitive offers on many properties today

4. Most all contracts allow Home Inspections to protect you

5. Closings take on average 30 - 45 days

6. Arizona is a beautiful place to live!!!!!!!!!

7. You do not have to shovel the heat!

Arizona Homes for Sale by a Guy from Iowa
Web Reference: http://www.McVinua.com
0 votes Thank Flag Link Sun Aug 14, 2011
Hello Bruce,

All of the below 4 responses were just right. If you are planning on getting financing, you will need to speak with a lender who is knowledgeable with Canandians as suggested. Have you ever been to Arizona? Are you familiar with any areas of interest? Feel free to email or call with further questions. I am a native to Arizona and can assist you with your real estate wishes. Thank you for the inquiry,

Shara Terry
602-692-0538
sharaterry@kw.com
http://www.sharaterry.kwrealty.com
0 votes Thank Flag Link Sun Aug 14, 2011
HI Bruce-I always recommend first checking with your tax accountant to help you decide how to take title of your property in Arizona as we ll any tax implications. If you are planning on financing the property we can direct you to lenders that will finance you. Typically you will pay a slightly higher interest rate than US citizens. If you are paying cash you will need to check your conversion rate and make sure you have additional funds for your closing costs-such as title, insurance etc.... Property insurance quotes are easy to get-make sure to let them know if this will be a primary, second or rental property to get the proper coverage. You can also ask for additional health coverage to cover you while staying in the US. Jacqueline Stowe, Realtor United Brokers Group 480-980-8286
jstowe2@cox.net
0 votes Thank Flag Link Sun Aug 14, 2011
Hi Bruce,

First of all, you need to determine if you are going to purchase with all cash or seek a loan from a bank or mortgage lender. I have a few lenders that will give Canadians a loan here in the USA. Second, you will need to determine which area you want to live (disregard if you already know) in and this can only be done by traveling to Arizona. Third, you will need to interview a few Realtors that can help you with the purchase process and I would not recommend you trying to do this on your own. Basically, that should be all that you need know since the Realtor you hire should have all the additional contacts (Title/Escrow, home inspectors, contractors, home warranty, etc.) you would need to successfully purchase a home.

Please let me know if I can be of any additional assistance.

Sincerely,


Sean Heideman, Realtor
E-Certified, SFR Certified
Zip Realty
2929 North 44th Street, Suite 320
Phoenix, AZ 85018

Office: 800-225-5947
Cell: 480-213-5251
Fax: 602-288-5533
E-mail: sean.heideman@ziprealty.com

My Profile: http://www.ziprealty.com/agent/sheideman
Twitter: http://twitter.com/AZRealEstate007
Newsletter: http://sheideman.ziprealtynews.com
View My Blog: http://arizonarealestateupdates.blogspot.com

Professional Service With Integrity
***E-Mail Me For A FREE Real Estate Market Report***
0 votes Thank Flag Link Sun Aug 14, 2011
Hi Bruce:

I think the best thing you can do when moving to a new area is to interview several real estate agents, ask a lot of tough questions and make sure you find someone who will work hard for you and who knows a lot about local market conditions and homes. Whatever you do, do not just go with the first person you talk to. Find the agent who really knows what he or she is doing.

Best,
Ron
0 votes Thank Flag Link Sun Aug 14, 2011
Hi Bruce,

Check out the link below. I moved to Arizona from Canada back in 1996. Let me know if you have an specific questions.

Jason Webb
0 votes Thank Flag Link Sun Aug 14, 2011
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