Canadian Buyers Find It Really Does Pay To Buy Real Estate In Arizona

Oct. 9, 2009 - PRLog -- The Canadian dollar is inching toward par and U.S. real estate prices remain at their lowest levels in years. As if that wasn’t enough incentive for cash-rich Canadians to start shopping for the vacation home of their dreams, now a Scottsdale-based real estate agent is sweetening the pot with cool cash.
   Melanie Johnston, with Keller Williams Arizona Realty, says she is doing her part to bring the Canadian and U.S. dollars to par by offering her Canadian buyers cash for each penny the dollars are off par on the day they close on their vacation home.
   “All the Canadian buyers I’ve helped love a good deal,” Johnston says. “So I thought, ‘Why not give them extra incentive to use my expertise to help them buy their vacation home?”
   Here’s how it works: For homes closing at prices below $200,000, Johnston will credit $100 per penny off par. Closing prices $200,000 to $400,000 receive $150 per penny off par. And sale prices above $400,000 receive $200 per penny off par.
   If the Canadian and U.S. dollars are 10 cents off par, for example, Johnston equates that to buyer credit of $1,000 to $2,000, depending on sale price. The credit will be given immediately after closing in U.S. funds on a cash card, based on the exchange rate at time of closing, she says.
   Calls from inquisitive Canadian buyers are on the rise at her brokerage, she adds. “Combine the stronger loonie with the incredibly low prices we’re seeing, even for luxury homes in Scottsdale, and this winter may be that perfect storm for bargain-hunting Canadians,” she says.
   For more details on the incentive plan she is offering through December 31, 2009, visit www.scottsdaledealfinder.com or call 480-241-0241. Because Johnston is an equal opportunity real estate agent, buyers from other countries are offered the same incentive, based on the Canadian dollar's par with the U.S. dollar, rather than their currency. You can receive notice of the best deals featured on her site via e-mail or by following her on Twitter: @ScottsdaleDeals.

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About ScottsdaleDealfinder.com: This is the only real estate site of its kind that features not a random list of properties, but the agent's hand chosen properties that reflect the best deals on the market today in Scottsdale, Arizona. Keller Williams agent Melanie Johnston has more than 20 years experience in Scottsdale, so she knows which properties are the true bargains, whether for a $200,000 condo or $2 million golf course estate.