Jennifer Srock - Your Casa Grande REALTOR®

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Preferred Partners For The Casa Grande, Arizona

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By Jennifer Srock

A/C Repair

Desert Sun Heating & Cooling 520-466-1489

Henry Tyler 520-414-7433

Hoffman A/C & Furnace 520-723-2860

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Carpet Cleaning

The Cleaning Crew 520-426-9443

Five Star Carpet Cleaning 520-836-2152

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Ground IS Breaking For PhoenixMart November 7th, 2013

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Ground IS Breaking For PhoenixMart November 7th, 2013Ground IS Breaking For PhoenixMart November 7th, 2013

Do you believe it? The Phoenixmart ground-breaking event, some of us have been waiting for, is here.  This ceremonial ground-breaking will bring together federal delegates and business leaders from the U.S. and abroad to celebrate the first U.S. global commerce center in the western hemisphere. I feel privileged that my hometown of Casa Grande, Arizona is the final destination chosen for this first-class world-wide showcase venue.  As a realtor, I look forward to the employment opportunities and community growth. I too will be there to celebrate.

DIRECTIONS FROM PHOENIX –

  • TAKE I-10 SOUTH TO EXIT 194 E. FLORENCE BLVD.
  • HEAD EAST FOR ABOUT 2.5 MILES. YOU WILL SEE TENTS.

ALLOW AT LEAST 1.5 HOURS FOR EXTRA TRAFFIC FOR THIS EVENT.

EVENT TIME STARTS AT 9:30 am This Thursday Nov. 7th

SPEAKERS/ INTERVIEW OPPORTUNITIES:

• Jeremy Schoenfelder, President of PhoenixMart

• Elaine Chao, 24th Secretary of Labor of the United States

• U.S. Rep. Ann Kirkpatrick, Arizona 1st Congressional District

• U.S. Rep. Paul Gosar, Arizona 4th Congressional District

• Bob Jackson, Mayor of Casa Grande, Ariz.

 

10 Tips For Buying After a Foreclosure or Short Sale

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By Jennifer Srock

  1. Maintain employment and avoid any gaps between jobs. You will need to show current employment of 24 consecutive months within the time of your purchase.
  2. Make sure all of your debts are paid on time with no late payments for at least 24 months.
  3. Pay all debts down to 30% or less of the max limit.
  4. Pay off all collections, liens, and judgments.
  5. Clear off all disputes on your credit.
  6. Do not establish new credit such as a new car loan or credit card for a department store or furniture store. Don’t try qualifying for any purchase on credit until after you have the keys to your new home.
  7. Maintain your positive credit history. Do not close any accounts in positive standing. 
  8. If paying rent, do not pay with cash. Pay on time with checks so you have documentation showing a viable rental history of paying in full on time.
  9. Save as much money as possible for your down payment and closing costs.
  10. Consider joining a credit monitoring service so you can track the improvement of your credit.

It is true that you may be able to qualify for a mortgage loan within 2 years of having a short sale on a loan other than FHA? [Read more…]

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

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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

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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

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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

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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

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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.

Historic Opportunities To Buy Real Estate

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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…]

PhoenixMart Rumors – October 2012 Update

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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

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