Jennifer Srock - Your Casa Grande REALTOR®

Here To Help You Make Informed Decisions

602-743-5100

Is Now The Time To Buy A Home In Casa Grande, Arizona?

by Leave a Comment

By Jennifer Srock

**Click 33 year Graph of Arizona Home Prices – Appreciation Rates **Click

As you will see in the above graph, the market already had a major spike and then dropped drastically. That drop caused another smaller frenzy again that drove prices back up to reasonable, average pricing again. Yes, we’ve cycled back to a more normal housing market. Now that it has corrected, you should expect to see about the usual 6-9% increase in Arizona home prices over the more recent years to come. Insufficient regulation is one reason he expects another real-estate bubble to surface within 15 years. “I would bet my life on it,” says Mark Calabria, at the public policy research organization of Cato Institute. Could this too be a sign to buy a home in Casa Grande now while still on the rise so you can take advantage of the future bubble? [Read more…]

To Buy Or Not To Buy A Short Sale

by Leave a Comment

By Jennifer Srock

Short sales are not for everyone. Not only can they take 30 up to many months for the sellers’ bank(s) to approve or disapprove of the short sale but, should an approval be awarded; the purchase price and terms can also be changed.
If the asking price of a short sale seems to be unrealistic, this is because the seller may have an eminent foreclosure approaching. [Read more…]

To Sell Or Not To Sell A Short Sale

by Leave a Comment

By Jennifer Srock

In order to do a short sale successfully, you must have some sort of hardship for not being able to fulfill your mortgage obligation. Most common hardships are not able to make your current payments or having to relocate.

Your Mortgage company will be taking all sorts of financials from you, very similar to the documentation needed when qualifying to buy a home. You may want to contact your mortgage company to see if they think you have a good chance to qualify before you go through their daunting short sale process. They may even have an online questionnaire to help you determine the possibility.

You may also want to talk to your current mortgage company about a loan modification instead. It used to be you needed a hardship for that as well but some banks are doing them now and it usually only takes a brief over the phone questionnaire to find out if you’d be eligible.

As of now, the 2 year limit you may have heard about is partly true. The minimum 2 years to wait to buy a home with a mortgage after a short sale is only if you have a minimum 20% down payment as well. It will also depend on your personal situation at the time when qualifying with the lender you’ll use to buy.

Email Jennifer@Srock.net to request more information to help you decide if doing a short sale is right for you. I will send you typical short sale rules in order to apply for traditional or FHA mortgage after a short sale.  I can also refer you to an excellent Arizona lender if you have more loan questions.

2013 Real Estate Prediction

by Leave a Comment

By Jennifer Srock

Where’s real estate headed in 2013?

Below is an infographic ActiveRain put together based on the data from their survey of real estate professionals. Arizona has one of the top rebounding markets in the U.S.. How confident are Canadians about their real estate market? You may be surprised.  If you’d like the full report you can head over to RealEstate.com and get all the juicy details.

 

Data provided by

ActiveRain,the #1 social community for real estate professionals.

PhoenixMart Rumors – March 2013 Update

by Leave a Comment

By Jennifer Srock

This update comes from the Mayor of Casa Grande, Bob Jackson at his annual State of The City Address. You can watch the Mayor’s State of the City Address on Cox Channel 11 on Monday, Wednesday, Friday and Sunday at 8:30 a.m. & 6:00 p.m. It’s also airing on Tuesday, Thursday and Saturday at 8:00 p.m.

AZ Sourcing, the developers of the PhoenixMart project, are working on securing all of the necessary paperwork and permits from the different entities involved. The US Department of Commerce also needs to approve VISAs for investors to solidify the financing of the project. According to the mayor, the new 1.75 square foot commercial complex is expected to create 3,000 direct jobs in Casa Grande with an initial investment of approximately $150 million in building and infrastructure. Most of the investment for the construction of the project will come from foreign sources under the Federal Immigration EB-5 Program.

There is not a projected ground breaking date as of yet.

5 Biggest Home Buyer Negotiation Blunders

by Leave a Comment

According to the 2011 National Association of Realtors® Profile of Home Buyers and Sellers, the second most popular reason buyers use a real estate agent is to help with the negotiation process. However, buyers can negatively impact the process making mistakes which lead to them losing their dream house. Don’t make these negotiation blunders:

  1. Not entering with a negotiating strategy: Before submitting an offer, try to remember that the seller has already decided how much money they want from the sale of their property. “Knowing how to negotiate a home purchase effectively is the key to getting the best deal,” says Jennifer Srock, Accredited Buyer’s Representative. “Without a plan, you might risk losing the house you want.” [Read more…]

Historic Opportunities To Buy Real Estate

by Leave a Comment

By Jennifer Srock

It’s often said, “What’s Past is Prologue.” To buy real estate, the past can indeed determine the future, when buyers choose to restore or preserve a historic property. “Opportunities abound for those wanting to purchase a historic home, but so do questions about the soundness of the investment,” says Jennifer Srock of Keller Williams Legacy One Realty.

Before making an investment in history, Jennifer recommends that potential home buyers consider these questions: [Read more…]

Casa Grande REALTOR®, Jennifer Srock, Achieves National Recognition

by Leave a Comment

 

Jennifer Srock, GRI, ABR

Jennifer Srock with Keller Williams Legacy One Realty has been awarded the Accredited Buyer’s Representation (ABR®) designation by the Real Estate Buyer’s Agent Council. (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® (NAR).

Jennifer joins more than 30,000 real estate professionals in North America who have earned the ABR® designation. All were required to successfully complete a comprehensive course in buyer representation and an elective course focusing on a buyer representation specialty, both in addition to submitting documentation verifying professional experience. [Read more…]

The Best Places to Check Out Fall Foliage!

by Leave a Comment

Suburban House in AutumnIf you moved here in the spring or summer, you may not know this yet, but our little corner of the world is home to some of the most spectacular fall foliage in the country. Want even better news? Some of the best places to see it are no more than a fifteen-minute drive away!

Want to spend a scenic Sunday with the family outdoors? Take a trip up I-29 to historic North Bloomfield. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent non turpis quis nisi ornare mollis eu quis ante. Vivamus eu porta nisi. Aenean iaculis turpis a mi faucibus malesuada. Fusce ultrices consequat pulvinar. Quisque sapien metus, euismod eu dictum non, mollis sed risus. Nulla blandit condimentum augue, eget imperdiet augue elementum vel. Phasellus pellentesque sagittis tortor, non malesuada lectus scelerisque ac. Nullam congue dignissim metus eu iaculis. Vivamus sit amet nibh sit amet mi laoreet porttitor sit amet sed mauris. Vestibulum ac urna neque. Nam pulvinar pulvinar quam ut scelerisque. Mauris convallis justo quis magna rutrum accumsan. Donec euismod malesuada gravida. Suspendisse at augue quis sem lacinia vehicula. Nullam hendrerit tellus ac sem venenatis euismod.

PhoenixMart Rumors – October 2012 Update

by 4 Comments

October 2012 PhoenixMart Rumors

I recently spoke with former City of Casa Grande councilman and current candidate for Pinal County Supervisor, Steve Miller. He has been keeping in touch with the Pres. of AZ Sourcing who is behind the PhoenixMart project.

The EB-5 immigrant investor program I’ve discussed in my blog posts have been fulfilled by the Chinese which is the part of the story most of the public is hearing that may be taken out of context. PhoenixMart rumors have it that the project has met the funding requirements. However, the project was not just being funded by the Chinese. As I mention in the blog, only 1/3 was coming from the Chinese. Another 1/3 was to come from the U.S. and another 1/3 from Europe.
It is typical for people of the U.S. to wait until after an election to make any major financial decision. A small portion of the 1/3 needed from the U.S. is there but, there’s speculation the rest wouldn’t come until some time after the election.
The other issue is the 1/3 coming from Europe. With the European economic crisis, there aren’t many investors to fill the 1/3 needed to fund PhoenixMart at this time either.
Although permits are being  Steve miller put it, ” I wouldn’t hang my hat on PhoenixMart. I don’t see it going away. I just don’t see it in the near future”. He goes on to explain that the government timeline for the EB5 program doesn’t begin until ground breaking. To begin construction, all investors MUST be in place for them to break ground.
The lack of certainty in today’s economic markets is going to be the cause of further delay of PhoenixMart.
PhoenixMart Rumors and Updates – January 2012, May 2012, October 2012, April 2013

Access Live
Listings Anytime

Listing Statuses, Saved Favorites, and more.

Real Estate Blog