Luxury Valley Homes Arizona Real Estate Blog

How to prepare yourself before investing in Scottsdale real estate

How to prepare yourself before investing in Scottsdale real estate

Scottsdale real estate for saleIt is often found that people considering Scottsdale real estate as an investment are not doing their home work. Like any other investment, some upfront due diligence can go a long way toward success if you are prepared.

Where should you start?   It is always a good investment to spend some time on your Scottsdale real estate education. There are many Scottsdale real estate agents that will provide investment advice as part of their services to their clients.  There are also some books on Scottsdale real estate investing that are available. 

You can also start by visiting your local library. Some of the local libraries have several books on Scottsdale real estate investing. These books on basic Scottsdale real estate investing will give you an idea of what kind of real estate interests that are available and then you can focus your education on these subjects.  In addition to reading you need to get "street smart". That means familiarize yourself with the area that you wish to invest in. Your goal is to really get to know those areas of interest. You need to define what homes rent for, where the problem areas are, what houses generally sell for. Get details about the Scottsdale real estate properties, try to visit open houses, call on "for sale" and "for rent" signs. Talk to the local residents about the area.

You can also find some online resources.  Some online Scottsdale real estate investment forums are available where you can ask specific questions and you may get some good answers or they could be none factual opinions too. There are also Scottsdale real estate specific sites, which contain a plethora of information.  Your Scottsdale real estate agent is also a great resource but it is important to have a personal understanding as you work in partnership with your REALTOR®. Ultimately it is you who has to live with the long term consequences of your investment. Scottsdale real estate education is not very glamorous or exciting but can be a critical step to increase your probability of success.

Always keep in mind a few weeks of education is not going to make you an expert. It is a lifelong process.
.

 

Comment balloon 2 commentsJane & Jeff Daley, PhD • November 28 2010 07:40AM
How to prepare yourself before investing in Scottsdale real estate
share
How to prepare yourself before investing in Scottsdale real estate It is often found that people considering Scottsdale real estate as an investment are not doing their home work. Like any other investment, some upfront due diligence can go a… more
Happy Thanksgiving
share
Happy Thanksgiving On this Thanksgiving 2010, we are thankful for our family, our home, our friends and the liberty we enjoy as a citizen of the United States of America. A heart felt thanks to all those serving in the military and… more
Foreclosure Myth Buster 4 of 4
share
Foreclosure Myth Buster 4 of 4 If you're looking for a deal, you're looking for a foreclosure. Despite what they may say, no buyer's heart's fondest desire is to buy a foreclosure. But almost every buyer dreams of buying a great home and… more
The Dam Is About To Break
share
The Dam Is About To Break Have you heard from our politicians that an earmark (pork barrel spending) is just a nit - It amounts to nothing in the overall trillion plus national budget? Now we're starting to hear the same rhetoric with other… more
Forclosure Myth Buster 3 of 5
share
Forclosure Myth Buster Buyers should wait for the shadow inventory to be released. Many a buyer, discouraged with the homes they see on the the form in their price range, has decided to sit still and wait for the banks to release for sale… more
9826 N COPPER RIDGE TRL Fountain Hills, AZ 85268 Home For Sale
share
9826 N COPPER RIDGE TRL Fountain Hills, AZ 85268 Home For Sale This Fountain Hills luxury real estate home rests is a special rolling hills area of Fire Rock Country Club. Close to amenities yet private and part of nature. Fire Rock has… more
Foreclosure Myth Buster #2
share
Foreclosure Myth Buster #2 Myth #2: Buyers can't get clear title or title insurance on foreclosed homes. When the foreclosure robo-signing scandal first hit, there was widespread concern that buyers would not be able to get clear title on… more
Foreclosure Myth Buster
share
Foreclosure Myth Buster Myth #1: Foreclosure happens fast. With unemployment and underemployment still affecting nearly 1 in every 4 Americans, no one is immune from fears that a pink slip might quickly turn into a foreclosure notice. … more
2057 S Reseda CT Gilbert AZ 858292 Home for Sale
share
2057 S Reseda CT Gilbert AZ 858292 Home for Sale Gilbert Real Estate located at 2057 S Reseda CT Gilbert, AZ 85295 (MLS 4492695) This is a 5 bedroom, 3. 5 bath, 3, 800 square foot home with a 3 car garage. It's a spacious floor plan with… more
7398 E Soaring Eagle Way Scottsdale AZ 85266 Home For Sale
share
7398 E Soaring Eagle Way Scottsdale AZ 85266 Home For Sale Beautifully appointed patio home on PREMIER VIEW LOT that backs to Natural Area Open Space. Located in the Guard Gated resort community of Winfield in North Scottsdale. Three bedrooms… more