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En Español

Arizona senior communities attracting investment interest

| May 8, 2014 | Real Estate Transactions |

Investing in real estate can be a potentially lucrative affair. However, navigating the sometimes murky waters of real estate transactions can also be challenging. Avoiding potential real estate disputes and contract issues often requires an investor to make decisions informed by legal expertise. Ensuring that all steps along the way are backed by a solid legal foundation can help real estate investments go smoothly and can reduce the chances of any potential problems.

According to one real estate expert, it may be a good time to invest in real estate in Arizona. The prices are right, the expert said, and rentals are thriving at the moment. In particular, one Arizona area’s senior communities are attracting a lot of attention from potential investors. Canadians are buying multiple homes in the communities when they retire and there are many from California who are investing in the area.

One article claims that the senior communities are thriving because of the amenities that are both in and near the area. These include workout facilities, lawn bowling, spas, pools and more. Also, according to one real estate expert, the area’s tax rate that is comparatively low.

An expert in the article recommended driving through an area before buying or investing in any of the properties. If someone is hoping to invest or rent a home, he recommends fixing and upgrading much of the property before doing so. In addition, he says, these houses should be thoroughly inspected and investors should pay attention to things like plumbing and heating and cooling systems.

Being thorough is often important when undergoing real estate transactions. Part of being thorough is ensuring that all investments are legally sound so that there are as few hiccups as possible in the process.

Source: AZ Central, “West Valley real estate offers investment opportunity,” David M. Brown, May 2, 2014

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