Issue #215
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
G’day. I hope this day finds you well. If you or anyone you know owes too much to sell their home or rental, see the homeseller question below. … Do you know about our 2 free seminars coming up? Our Positive Cashflow Real Estate seminar is June 28th. And our San Diego Homebuyer Seminar is on July 27. See the Gary’s Real Estate Seminars section below for more info.
Friday Quote: “The best motivation is self-motivation. The guy says, 'I wish someone would come by and motivate me.' …What if they don't show up?! You've got to have a better plan for your life.” --Jim Rohn
Check Out Our Website: SanDiegoRealEstateInsider.com
You’ll find lots of insider and little-known real estate tips and information about buying or selling a home or investment property in San Diego.
True Story: Can’t We Call Just Get Along?
In 1985, I was but a struggling young pup in the real estate business. One morning I was at the old Home Savings (now Washington Mutual) on Garnet at East Mission Bay Drive. There I saw another agent that I’d met and said hello. Her warm and friendly response? “I’m here making a deposit. You must be making a withdrawal!” Ouch.
Another Real Estate Myth Debunked
Myth: “Never take the first offer.”
Reality: The first offer may be low. On the other hand, it may be the best you get. Why? Imagine you’re viewing a home that’s brand-new on the market. Contrast that with a home that’s been listed for months, and you see cobwebs instead of interested buyers. On which home do you make a higher offer?
FREE MLS Online Search For A San Diego or Riverside Home
To search for a home right now, click here: Free MLS Homesearch
FREE Guide: "How To Buy A Home In San Diego"
Knowledge + Action = Power. So expand your knowledge, take some action, & order
this free guide. You'll discover:
- How to find the right home & best loan
- An easy strategy to persuade owners to sell you there home for $1,000s less
- Make a strong "cash offer" even if you're getting a home loan
- 5 questions you MUST ask your lender before you sign anything
- Other homebuying secrets that may surprise you!
Call (800)748-1340 to have this sent to you FREE via mail. Call 24 hours / 7
days a week; free recorded message. It should arrive at your home within 72
hours.
Send This Free Newsletter To A Friend
Subscribe them with a quick email to
Tell A Friend with their email address in the subject line.
Remember to email your questions, comments, compliments, corrections, critiques, & rebuttals to Questions.
Gary's Real Estate Seminars
FREE
SEMINAR July 27 / Thursday 6-8PM
At "Forum Hall" at the UTC Mall in University City
Homebuyer Seminar…details to follow
- - - - - - - - - -
It’s Back…
FREE SEMINAR June 28 / Wednesday 6-8PM
At "Forum Hall" at the UTC Mall in University City
"Discover Exactly Where I'm Investing MY Money In 2006"
Positive Cash Flow Apartments With Appreciation & ZERO Management
- Want to build wealth through real estate?
- Want to buy real estate 10% below market value?
- Want an easy, hands-off investment you don’t have to manage?
- Want to enjoy a consistent positive cashflow?
- Want real estate that will appreciate?
- Want your only responsibility to be cashing your monthly check?
This is the best real estate opportunity I’ve found in 22 years in the business.
I believe in it so much that my wife and I are investing a bundle of our own
money. Over 2 years, 25 of my clients have invested and every one I talk with
reports profits equal or better than promised. And 8 more are investing this
month.
If you have 100K to 3M to invest and want to find out more about this
opportunity…
CLICK
HERE for flyer, more info, & free sign-up
Sandwiches & drinks provided + free dinner drawing. No obligation. Come, listen,
ask questions, then you decide…
To RESERVE YOUR SEAT at this free presentation now,
click
here or call (858)457-KENT!
Homebuying Question
"I bought my home in Chula Vista
directly from the owner. When it rained a few weeks ago, the roof leaked and
caused a lot of damage. I had a roofer out and he told me I need a new roof and
it’ll cost me $6,000. Altogether I’ll be out $7,700. I was talking with my
neighbor and he told me the seller had roof leaks but painted over the stains
because he didn’t want to pay for a few roof. How do I get the seller to
reimburse me for my loss?"
***ANSWER:
I’m sorry to hear about your situation. Since I'm not an attorney, I must advise
you to seek legal counsel. Here is my real estate agent’s opinion...
Go find and read the "Real Estate Transfer Disclosure Statement" (TDS) to see if
the seller disclosed the roof problem. I’m guessing they didn’t since they
painted over the leaks. If they did disclose it to you, you were put on notice
and probably have no case. (NOTE: since you bought directly from the owner, it’s
very possible things weren’t done correctly and you may have never received the
TDS.)
If it wasn’t disclosed, the seller is liable for damages. See what your attorney
says...
"Hi Gary. When I refinanced my condo last October, I took out a large loan to pay off some debts. Now I just got laid off and can’t pay my mortgage. What’s worse is I can’t sell because I owe $495,000 and it’s only worth $475,000. I’m stuck and I don’t know what to do. Can you help me?"
***ANSWER:
You may be a perfect candidate for something called a “short sale”, “short pay”, or “short pay-off”.
A “short sale” occurs when someone owes too much to sell and pay the normal closing costs, broker fees, and loan balance, and the lender agrees to accept less than the full balance on the mortgage.
Lenders will often agree to a short sale if certain conditions are met. Some of the conditions are:
A) inability to pay the mortgage
B) a valid “hardship” or negative event that caused that inability
C) insufficient cash to pay the shortfall
D) sales price at or close to market value
A short sale is a complex process and should NOT be attempted by an inexperienced agent. In the down market of the early/mid 1990’s, I obtained successful short sale for about 200 clients.
This is VERY general information. If you or anyone you know is unable to sell due to a too-high loan balance, call me at (858)457-KENT for a free consultation. In a few minutes I’ll explain the pros and cons and tell you with 90% accuracy if you can get approved.
Investing or Financing Question
"My wife and I currently own a 3-bedroom condo in Mission Valley and we really want a house with a nice yard and a garage. Our condo should sell for about $425,000 now, netting us $210,000. How much house can we afford to buy?"
***ANSWER:
Down payment is but one factor in determining the maximum home price you qualify for. Others are your credit score and possibly your income (there are loans where lenders don’t care about your income.).
And of course, another big factor is what payment you're comfortable with.
I suggest that you and your wife talk with our preferred lender. He’ll give you specific answers, along with several options. Call me at (858)457-KENT and I’ll put you two in touch.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
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Cozy Clairemont Home Clean, upgraded, well-maintained 3 BR/2 BA home w/ beautiful backyard
|
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For information on
other
Wonderful Homes Click here | |
"COMING SOON"
(Click Contact Me to be contacted BEFORE these properties hit the market!)
- Clairemont – 2BR/2BA house w/ HUGE backyard, brand-new eat-in
kitchen, FPL, vinyl windows, quiet street. 470K Contact Me
- Lemon Grove – Remodeled 1700sqft home on over 1/4 acre. Quiet street, 2-car garage, stunning kitch. 480-520K Contact Me
- Linda Vista – 3BR/2BA fixer-upper house w/ spectacular valley & city
views! Priced to sell @ 459K! Contact Me
- University City – Stunning & spacious “west end” home on quiet street w/ lovely views. Details & price to follow. Contact Me
- USD/BayPark/Mission Valley – Four 3BR/2BA condo conv, owner will
remodel & decorate to you specs. FPL, views. From 470K! Contact Me
NEWLY LISTED (Your Home Here!)
- Clairemont – 4BR/2BA “Parkwest” home w/ family room across from
Gershwin Park tennis, basketball. Well-priced @ 520-560K!
Contact
Me
- Bay Park – Great price for this 1400 sqft, 3BR house in “Overlook
Heights”. Quiet street. 585-625K!
- Carlsbad – Newer 1766sqft, 3BR/2.5BA “Harbor Pointe” home on culdesac near beach. Remod kitchen w/ granite. 695K-705K Contact
Me
- Clairemont – Cute, clean 3BR/2BA home w/ 2-car garage, FPL, dbl-pane
windows, lots of upgrades, nice yard: 475K-525K
Contact
Me
- La Jolla – Newer 2BR/2BA condo, heart of downtown La Jollawalk to shops, restaurants! Marble, granite. 650-725K Reduced! Contact
Me
- Pacific Beach - Development Opportunity! 3BR home, approved plans to build 2 condos. Resell or rent. Reduced: 775-850K Contact
Me
- Phoenix, AZ - 12 apartments, 4x1BR, 4x2BR, 4x3BR. Fully renovated.
Condo conversion opportunity? $1.068M. Contact
Me
- Phoenix, AZ - Cashflow apartments, zero management, 15% under-market!. 1031 exchange OK. $100K to $2M down. Contact
Me
- San Marcos – Large
1060sqft 2B/1.5BA condo w/ garage & private patio. Pool, spa, tennis pets
allowed. 295-329K Contact
Me
- Scripps Ranch- Handsome newer home
on quiet street! Offers 19' ceilings, travertine, hdwd floors, family room.
700-750K. Contact
Me
Call me at (858)457-KENT to find out more or arrange a private showing...
Thank you Jill P. for
recommending me to a friend to sell a home…
Thank you Gary K. for referring a friend to buy a home…
Thank you Gary K. for referring another friend to buy a home…
Have a great week...
"The Agent You See EVERYWHERE"
All-Time #1 Agent/Team In San Diego County for RE/MAX
22 Years Experience -- 3,000+ Homes Sold
Gary Kent Team --- RE/MAX Associates
(858)457-KENT --- (858)457-5368
GaryK@GaryKent.com -- http://www.garykent.com/
Due to production and shipping expense, free items are available only to residents, owners, and people planning to purchase real estate in San Diego.
