Arizona Real Estate Scenery

There are many reasons to buy or rent in the state of Arizona. The area has terrific scenery, National Parks and a great climate. Arizona real estate is much sought after and offers a competitive market in family homes, apartments, vacation homes and accommodation for the retired.

The current housing market in the USA may be suffering but Arizona real estate is very much, a worthwhile investment and prices are surprisingly low. Newly constructed 3 bedroom, 2 bathroom and 2 car garage houses in Phoenix are selling under $200K. This is still affordable for many families. Condominiums at the lower end of the market are also selling well.

As with any property market, the important thing is to find a trustworthy realtor and lender. The network of MLS, the association of licensed real estate agents, is a good place to start. The local MLS gives membership to real estate agents that are licensed in Arizona and that are a member of the Arizona Association of Realtors. Local branches operate in Phoenix, Tucson, Flagstaff and various towns across the state. Many people also find their realtor by asking friends and family for a recommendation. The realtor will take a percentage when the home is sold.

When researching property in the area, it is advisable to look on the MLS web sites for details of homes on the market. There is a useful map search facility for different kinds of Arizona real estate. Sellers can list their properties on several web sites. Every type of property can be found to match the specific requirements of the buyer. It's possible to search and match amenities such as swimming pools and spas attached to the property.

It's not just local people that are interested in Arizona real estate. Some buyers move to the state when changing jobs and many foreign nationals are investing in property here. For a foreign national to be eligible, they need to present an International Credit Report, copies of their passport and visa and tax and bank account details.

They also need to open a bank account in America so that money from transactions can be transferred. Property taxes are very low in Arizona and this is attracting a lot of interest, particularly from the UK and Canada. Overseas buyers do have to pay US Capital Gains Tax on their sales. Arizona real estate is a thriving market and is likely to continue, whatever the national trends.