Since the Canadian dollar is worth so much more now and the US housing market is low, Canadians are finding that it's a great time to invest in US real estate particularly Wenatchee real estate.
Wenatchee being so close to Canada and receiving wonderful summers every year, makes this a perfect place for Canadians to vacation and call their second home.
Some key points to keep in mind though when considering purchasing Wenatchee 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 Wenatchee 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 Wenatchee real estate. Prices are low but stable and Wenatchee Washington continues to be a growing thriving community. Start your search here today to check out all homes condos and investment properties in the Wenatchee WA real estate area.