Your Arizona Realtor

In the area where I live and work (Queen Creek), Foreclosures are hitting us, HARD!  Prices have dropped in my area 40-60% from 2005. The market has done a major dive!  I just did a quick search in the MLS and found a Bank Owned 3 bedroom home in a golf course community for $65,000!

If you are thinking of purchasing here, now is good time start looking and Fall would be the time to start buying. Queen Creek has not hit bottom!  I just checked the NOT's (notice of trustee sales) and they have gone up consistently every month since November 2007.  There will be more inventory and prices will continue to go down. The BIG QUESTION is how LOW WILL IT GO? 

Financing in this great buyers market can also be an issue.  If you own a home that is currently upside down in equity you probably have to go with a convential loan (unless you pay cash).  Conventional means a larger down payment, 5% - 20% depending on your situation. 

FHA is still availably with a 3% down payment for home buyers purchasing a residence to occupy. No investors!

Why Queen Creek?

It's all about strategy. If you think about it, most people want to live near the city. Investors know that the outskirts of the city are the cheapest and people run away from it during a recession. Queen Creek had 117% more homes sold in April of this year compared to last year. So Investors will start on the outskirts when they are able to buy cheap. In a period of 2 or 3 years, people start noticing prices going up in the city. There comes a point at which people can't afford to buy in the city and they start buying further away from the city. By the time this happens, prices have gone up dramatically and investors make more money on homes they bought on the outskirts years ago when no one was paying attention.

With this information, now you know that investors are very active, but the numbers will never lie - there are many homes being sold...

FOR A FREE NO OBLIGATION FORECLOSURE SEARCH IN ARIZONA PLEASE VISIT MY WEBSITE: http://www.amygerrish.com/web/pgcnfID_50738/UPDATED-FORECLOSURE-LIST

IF YOU NEED A REFERRAL FOR A RELIABLE LENDER FEEL FREE TO CALL OR EMAIL ME.

Amy Gerrish: Direct 480-294-8680 Email: amygerrish@gmail.com

Queen Creek Rental

 

	$1,200.00/mo Location Features 1055 Vineyard Plains Drive Queen Creek, AZ map and directions Request Showing Estimate Payment Image Tour Printable Page Status: Available Living Area: 1770.00 Sq. Ft. Bedrooms: 3 Bathrooms: 2 Type: Single Family
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Description
This home a 3 Bedroom plus a Den. Beautiful Sparkling Pool with soothing Waterfall...Rent includes Pool Maintenance. This home features CORIAN Counters, Ceiling Fans in all Rooms, Epoxied Garage Floor, Freshly Painted. Rent also includes HOA and Trash pick-up. Call Amy at 480-294-8680 or email amygerrish@gmail.com.
Community Skyline Ranch
Amy Gerrish Homesmart Real Estate 1745 S Alma School Rd, Ste 115 Mesa, AZ 85210 Office: 480-294-8680 Fax: 866-602-4601 amygerrish@gmail.com

Free Arizona Foreclosure Listings:

http://www.amygerrish.com/web/pgcnfID_50738/UPDATED-FORECLOSURE-LIST

Use the word "guest" in all lower case for the user name and password to gain access.

Skyline Ranch (phase 2) residents come check out your communities blog! It's a place to get questions answered and gain some good information.

http://skylineranch2.blogspot.com:80/

Grand Opening of Ice Cream Store in Queen Creek!!!!!!

Tastee Treats
270 E Hunt Hwy, #6
Queen Creek, AZ. 85243
(480) 882-1697

Hours: 11am to 8pm all days except Wed 11am to 5pm

Featuring Thrifty's Ice Cream, Candy, Arcade Games, and loads of fun!!!

See you there!!!

Whether you have good credit, bad credit, or no credit at all, you can be instantly approved at Tate's East Valley Ford Mercury! Anybody can be approved, so stop on by and see what a difference being an hour away from Phoenix or Tucson can do for you.
Just ask for Tad.

Here is a small sample of what is in our inventory right now....New '08 Ford models available !!!

Hot new Ford Focus and Fusions --- F-150's and Super-Duty Trucks !!!

Stock # Year Make/Model Color Miles Price
220718 2005 Chevy Impala Gray 50k $10870
220831 2003 Jaguar S Type Silver 42k $21700
220727 2008 GMC Envoy Silver 11k $21109
220834 2008 Chrysler Town & Country Silver 8k $22900
ask for TAD
220731 2008 Chrysler PT Cruiser Blue 11k $16452 incl. wheels/leather
220753 2008 Mazda CX-7 Maroon 13k $21999
220809 2007 Chrysler 300 White 15k $19788
220863 2008 Pontiac Grand Prix Grey 27k $16100
220783A 2005 Pontiac Vibe Red 52k $11591
ask for TAD
220835 2007 Chrysler Town & Country Blue 26k $17469
220855 2005 Honda Civic 2dr Blue 52k $14999
220865 2008 Nissan Altima Maroon 13k $21350
220868 2006 Toyota Tacoma 4dr TRD Red 44k $20895
ask for TAD
220798 2004 Pontiac Grand Am Silver 43k $10999
220816 2003 Nissan Murano Blue 57k $15599
220799 2004 Dodge Stratus Silver 76k $7900
220869 2007 Toyota Yaris 4dr Blue 28k $16459

To get this pricing Contact Tad Kern:
Office:520-723-5479 OR Direct:480-227-0042

Also visit my website at:
www.TADatTATES.com

FOR MORE QUEEN CREEK AREA EVENTS, PLEASE VISIT: WWW.SanTanEvents.COM

Suzy's Swim & Fitness Zone-Fall sign ups have started for Tumbling, Cheer, Dance, Ballet and Youth Speed and Agility Class. Visit  www.suzysswimandfitnesszone.com or call  480-988-2288. Classes start Aug 4th., M-F, AM or PM. Thanks, Suzy Irwin

FOR MORE QUEEN CREEK AREA EVENTS, PLEASE VISIT: WWW.SanTanEvents.COM

Blackbird Music and Art Center is pleased to present a group class for beginning violinists ages 3 and up on Saturday mornings, 9 AM to 10 AM starting Sat. Aug. 16th. The class will be held on the Blackbird stage while parents are present for support in the lounge area. (Coffee and snacks will be available). The class will be taught by Kevin Huang using acombination of elements of the Suzuki teaching method and his own curriculum.

Tuition is $20 per class and limited to 10 students per session. Small scale violins are available for rent through Blackbird Music starting at $19.95.

For more information please log onto www.blackbirdcenter.com or call 480-677-4159. Blackbird Music & Art Center is located at 18911 East San Tan Blvd. Queen Creek. (1/2 Mile East of Power)

For more Queen Creek Creek Events you can visit: www.SanTanEvents.com

The Barney Family Sports complex, a 65,000-square-foot concrete and steel building, is nearing completion. The complex is designed for family fun and sports activities and is located on nine acres along Queen Creek Road between Crismon and Signal Butte roads.

To see how construction is progressing visit: http://thebfsc.blogspot.com/

Project leader Kenny Barney has said the complex will be a venue for team sports including soccer, volleyball, lacrosse, basketball, flag football and roller hockey. The facility will feature two indoor fields: one made of turf and the other a hard floor. The center will include a weight room, locker rooms, a fitness room and a pro shop.

The number of foreclosures in the Pinal County area of Queen Creek are still abundant.  After checking the trends there are even more on the way.  The number of Default notices published with Pinal county have been going up every month since January of ‘08. 

Taking into consideration that those were just notices, some of them will settle via short sale, some of them will get caught up, however; most of them will end up going back to the back as an ‘REO' aka bank owned property. 

As of June ‘08,  there were over 1,000 homes on default.  The homes that will end up becoming REO's should be hitting the market between Sept - November.  

If you are thinking of jumping onto the REO/Foreclosure ship to find a great deal, there are some things you need to take into consideration:

1. Financing: With FHA changing their guidelines, you must be saavy about your purchases.  Before you even think about putting an offer any of the abundant REO's you must have your financing in order.  Are you going to need a down payment, closing costs?   Contact your lender that can help you find financing that fits your needs.  If you need a referral feel free to contact me.  I know of a few very good lenders that are experienced with REO financing.  Also, an experienced Realtor (like myself) can write into the contract closing cost assistance and depending on which bank owns the property, possible even down payment assistance.

2.  REO's are sold "AS IS".  You will often see no "SPDS" being offered.  The SPDS are the seller's disclosures.  Since, the bank has never occupied the house, the have no information to disclose.  I recommend that you do your "Due Dillegance".  Inspections, Inspections, Inspections!  Home, Termite etc...

3.  Don't get to comfortable with the Close of Escrow date in the contract.  I've seen these change to the buyer's dismay.  Don't make plans to have your furniture moved, etc...on that day. You must have the patients of JOB when dealing with REO's.

If you have more questions on the REO buying process or want a free list of pre-foreclosures/bank owned homes, feel free to contact me.

Amy Gerrish, Realtor ~ HomeSmart Real Estate ~ 480-294-8680 ~ AmyGerrish@gmail.com ~ http://www.AmyGerrish.com