Canadian Buyers

Canadian Buyers Investing in Southern US Real Estate

Since the Canadian dollar is worth so much more now then ever before and the US housing market is low, Canadians are finding that it's a great time to invest in US real estate particularly in the warmer areas like New Mexico.

Ruidoso has become home to many residents who have retired, bought second homes, or relocated to work in the area around Lincoln County. This ideal climate makes this a perfect place for Canadians to vacation and call their second home. Summers are pleasant, characterized by warm days, cool nights, and plenty of sunshine.

Some key points to keep in mind though when considering purchasing Ruidoso NM real estate or any US real estate from Canada:

You must keep in mind the Canadian dollar. If you bought at a 1.10 you have already lost 10% of the value so this is something you will want to hang onto for a while before considering selling.

You can't do any of the renovations yourself as you will need a VISA to do that. This is even simple projects like painting, collection rents or major landscape work

It may be tougher to get financing as investment mortgages can be difficult. Speak to one of our agents to get in touch with a lender that can help you. If it is your permanent residence you may be able to get better financing than if it was just a rental.

When looking, you will want to choose a home within a community with low vacancy rates and higher employment rates. Our agents are professionals in all areas around the Ruidoso real estate area and can help map out a good area for your investment.

One major point is you will want to see the home before you buy. Don't go on pictures alone but visit the area and get a feel for the home and the neighborhood first.

By keeping these concerns in mind you can still get a great deal in Ruidoso New Mexico real estate. Prices are low but stable and Ruidoso continues to be a growing thriving community. Start your search here today to check out all homes condos and investment properties in the Ruidoso real estate area.

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