Mon Jul 06, 2009 5:33 pm
I bought a place in Phoenix last year so I can understand your concern. I spent a couple of days checking out real estate throughout Phoenix however I was more interested in how the area felt to me at present and how I figured it would mature and develop through the years. My suggestion is that you need to understand what you want to do with it first both now and in the future. The trouble I experienced is that generally once you hook onto a Phoenix real estate agent and his/her mls search site - they try to sell you on themselves and how you have to do something fairly quickly. Generally they like to sign you to a buyer's agreement so you become committed to them however the area they specialize in or are familiar with might not be the area you finish up buying in.
I'm hopefully about 6 years from retiring - figured if I waited too long I'd be like alot of other cdn retirees - the highlight of their day being - heading to Tim Horton's in the dead of winter.
We use our brand new golf course foreclosure home with our kids (13 & 15) which has been great - 2 courses to choose from $5/kid and $15 for me which includes a golf cart. Our location has a giant salt water swimming pool, tennis courts, etc however we pay next to nothing in HOA (Strata) fees. There's restaurants everywhere, activities everywhere - Baseball, Hockey, Basketball, Nascar raceway, Football, etc - it's great knowing we have a ticket out of the Canadian winter for now and the future. Figured if I waited till retirement to take a leap of faith it'd never happen - as the income deminishes I believe so does the courage to go out on a limb.
Remember, what and where I bought may not be right for what you want to do with it, so good luck and let me know if you need any further help or advise.
Ian