Arizona Real Estate for Canadians
Arizona: Frequently Asked Questions

The MRL Group of Companies offers introductory answers to frequently asked questions about buying, selling and property management for Canadians owning real estate in Arizona.  Links throughout the answers will guide you to further information on our website or from other sources. Should you have any further questions, please consult our Contact Us page.

Question: Is buying a home in Arizona similar to buying a home in Canada?
Answer: Aside from some different jargon the process is quite similar. In Arizona the practice is to use "Title companies" that will provide title insurance and will handle the paperwork and closing.  In Alberta a lawyer or notary public can handle the closing and the title is insured through the provincial government (Torrens System.)

Question: Is it hard for a Canadian to get financing in the U.S.?
Answer: Lenders are accustomed to financing Canadians.  The process, the rates and the terms are competitive.

Question:  What kind of expenses can I expect when buying in Arizona?
Answer: Expect that the additional expenses will range from 1% to 2% of the sale price of the home.  If you pay cash these expenses go down to roughly 1/2% of the sale price of the home. 

Question: How much does MRL charge me for their services to find a home?
Answer: Nothing, in most cases our fees are paid by the seller even though we represent you, the buyer.  If MRL is helping you buy a property at an auction our fees will be in the range of 3% of the purchase price.

Question: How long until we can move in or take possession of our Arizona home?
Answer: Normally, between the time your offer is accepted until you get the keys is about 30 to 45 days.  Sometimes this can be a much shorter period of time.

Question: Are there areas that are better suited to us?
Answer: Absolutely.  Depending on your requirements we will make suggestions regarding areas that could better meet your needs.

Question: Can we rent out our property or let our friends use it?
Answer: Yes, just like property in Canada and we can help with property management if you want to rent the property out for income.

Question: Do we need your help to buy a new home?
Answer: The people you meet at new homes are representing the builder and not you.  We can represent your best interests, negotiate for you and it won't cost you anything because the seller pays our fee.
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“This information does not constitute an offer to sell or solicitation of an offer to buy any securities.  Nor does it purport to be, a complete description of an investment in MRL Capital Trust.  It is subject to the provisions of the Confidential Offering Memorandum as it may be amended or restated from time to time.”