Face of the Investor Has Changed to Higher End Product

More and more investors are looking into investing in higher end products like upscale properties in premier locations in Arizona. As a state that mostly run on real estate properties for retirees, empty nesters, and winter vacation homes for snowbirds, investors see a thriving and potential market for the affluent. Luxury Retirement Homes in Scottsdale In a recent poll, most empty nesters and retirees from up north Canada prefer to settle in Arizona for several reasons. One of the foremost reasons is that Arizona enjoys a warm, sunny weather for seven months of the year. The remaining five months of the year won’t exactly be as warm – but you won’t find any Arizona homeowner shoveling through knee-deep thick snow either. Rich and affluent retirees like former professional athletes and stars, and the elderly also love the fact that almost everything is just a few minutes away. Almost every neighborhood has with it a neighboring golf courses, shopping mall and grocery, posh recreational town centers, business offices, and schools. Complete in amenities, Arizona as an ideal home is not only exclusive to the elderly, but to young families with school-age kids, too. Luxury Vacation State Being a largely vacation state, the Arizona lifestyle generally suits the laid-back rich and famous – a fact that most investors are using to their advantages with the shift from high-end to an even higher-end products. And why should one invest in an Arizona higher end product now more than ever? Gone are the days when investors had to take and invest in whatever property was available whether it suited them or not. Sales of foreclosed and distressed properties have decreased as an increase of new housing permits is seen. Now, there are more Arizona properties – non-distressed properties and new houses – to choose from than there are investors. Canadian snowbirds and winter visitors now have more than enough properties to select from. That’s not to say average property pricing is beyond affordable. In any case, real estate properties are still sold at minimum prices. Average home prices, however, have significantly gone up in a rebound from the crisis and have gone back to the average pricing of more than a decade ago. This presents the high-end investor with the opportunity to purchase properties at low prices while providing a promise of the property appreciating in value over time to its highest average price peak from nine years ago. Add to that the fact that interest rates are low and real estate property taxes are minimal at Arizona, you get a flocking of investors. What’s To See in Arizona? Similar in size to Nashville and San Diego California, areas in Arizona like Phoenix, Scottsdale and Glendale offer some of the best natural sceneries, outdoor recreational activities, and cultural hubs in the country. The diversity in these outdoor activities – ranging from nature trail hiking, biking, swimming, trekking to more relaxed golf clubs – and vibrant, pulsating, and thriving malls attract both end of the age pole, from the young to the elderly. Investors, whether individual Canadian winter visitors or out-of-state families trying to relocate to a new Arizona home, however, would do well to employ the assistance of a realtor. Even at minimal prices, major decisions involving high-end real estate property purchases can result to errors with great repercussions when done in haste and when done without the necessary information that makes for a well-informed decision. How Real Estate Agents and Realtors Can Help You Get Your Higher End Investment With properties outnumbering qualified investors, the choice between the best real estate property purchases could be among hundreds or thousand of listings. A real estate agent and an Arizona realtor can help you narrow down your choices from hundreds of listings containing hundreds of higher end properties to choose from. Not only do real estate agents, brokers, and realtors know some of the most premier and prestigious properties within their area, and contacts to some of the most luxurious foreclosed properties selling at rock-bottom prices, they also know the ins and outs of selling and buying a property from its preliminary stages, to the taxes, to its renovation and, for some investors, to its renting out. It might be helpful to note, however, that not all realtors are the same. To get the best higher end investment bargain, find a realtor with experience.