Issue #221
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Welcome to this week’s issue. …Did you see Fox6News interview me Thursday? I’ll talk about it at the seminar in 2 weeks. …Saturday I took my family and dear 86-year-old mother to see Jerry Seinfeld at the San Diego Civic. He was funnier than ever. He took questions from the crowd and I asked him about movie plans— he has an animated comedy coming in ‘07 about…bees! …Did you hear of the guy who started with one red paperclip and kept trading up until he got a house? To read about it, Click Here. …Be sure to check out our new “foreclosure hot list” below.
Got A Favor To Ask You…
Our brand-new “Why Buy In A Buyer’s Market” free seminar is coming July 27
and we want to make it a big success. Please join us and/or TELL A FRIEND. Thank
you! (Click
Here for the brochure.)
San Diego Home Price Nostalgia, #1 of 4
An agent friend of mine, Sandy Lund, found
this
copy of the San Diego Union real estate classifieds from 1954 in a home she was
selling. Take a look and be amazed…
Get On Our Brand-New “Foreclosure
Hot-List”
Several major lenders have just selected me to handle their foreclosures. And
I’m looking to build a short list of investors or people just looking to
purchase a home at an attractive price. I anticipate they will be available
5-10% below market. If you’d like to be the first to find out about them,
click
here.
Funny & Unusual City Names
Some city names are normal, ordinary, boring, bland, or drab (such as Normal IL,
Ordinary KY, Boring MD, Bland MO, or Drab PA). And some are peculiar or odd
(Peculiar MO, Odd WV). While others just seem like they’re typos (Typo KY, or
perhaps even Zzyzx CA).
Here are a few more funny and unusual city names:
Chicken, AK
Nowhere, AZ
Bummerville, CA
Wimp, CA
Two Egg, FL
Santa Claus, GA
Podunk, MI
Embarrass, MN
It, MS
Two Dot, MT
Zap, ND
Idiotville, OR
Panic, PA
Coward, SC
Porcupine, SC
Dismal, TN
Sweet Lips, TN
Ding Dong, TX
Oatmeal, TX
Telephone, TX
FREE MLS Online Search
For A San Diego or Riverside Home
To search for a home right now, click on:
Free MLS
Homesearch
This Week’s Special Offer:
I’ll Finance Your Home Repairs For Free
Considering selling your home or other real estate? Is it a bit of a
“fixer-upper” and you’d like to do some work but you’re in a cashflow crunch?
Call me at (858)457-KENT and I’ll be happy to discuss possibly loaning you
the money until the home sells. I look forward to talking with you.
Interested In Positive Cashflow Apartments With No Management Hassles?
Want a hands-off real estate investment with consistent positive cashflow? Sound
too good to be true? I've found a great investment opportunity that I'm
personally investing in, as have several of my clients. If you have $100,000 to
$3,000,000 to invest and want to find out more...Call me at (858)457-KENT or
CLICK HERE for info on the Positive Cash-Flow Apartments
Send This Free Newsletter To A Friend
Subscribe them with a quick email to
TellAFriend@GaryKent.com
with their email address in the subject line.
Remember to email your questions, comments, compliments, corrections,
critiques, & rebuttals to
Questions@GaryKent.com.
Gary's Real Estate
Seminars
FREE SEMINAR July 27 / Thursday 6-8PM
At "Forum Hall" at the UTC Mall in University City
Why Buy In A Buyer’s Market?
Is this the BEST or WORST time to buy a home? The answer may surprise you. Come
and get the inside scoop on buying a home today. You’ll learn:
- San Diego market update: Bursting bubble or soft landing?
- Advantages of buying in today’s slower market
- Who should NOT buy a home today?
- 3 Things you must know BEFORE you buy your next home
- 5 ways to profit and plunder in today’s market
- The 80/20 rule to buying a home
- Insider secrets to buying a home below market value
- Avoid these 5 common homebuying mistakes
- The HUGE DIFFERENCE between today’s & the 1990’s slowdown
- How to get seller’s to pay EVERY PENNY of your closing costs
- Who should NOT buy a home today? ...And is it YOU?
Click Here For Flyer
Call (858)457-KENT to reserve your seat today!
Sandwiches & drinks provided + free drawing.
"What if my
offer is rejected?"
***ANSWER:
Many clients ask me this question.
Unless you make a very low offer, the seller will likely either accept your
offer or make you a counter-offer with a change of price and/or terms. Then you
and your agent will look over the counter-offer and you’ll decide if you want to
accept it or make a counter-offer back to the seller. The average offer has 2-3
counter-offers before the buyer and seller reach agreement.
"Hi Gary, I’m thinking of selling my rental house in the College Area. I’ll probably offer it to tenant first? How do I find out value? Should I get an appraisal?”
***ANSWER:
It's smart to offer the house to your renter first. I usually ask my landlord-clients if they've checked to see if their tenants want to buy.
Two words of caution:
1) In my experience, most tenants are interested. But few end up buying, often after making the landlord wait several weeks for an answer. So give them a short deadline, perhaps a week. It only takes a few days or less to know if they can get a loan. Refer them to a reputable lender who'll report back to you if they're really qualified so you don't waste a lot of time. Call me and I’ll put you in touch with my preferred lender.
2) Once you've found the buyer, that's only half the job. There are still contracts full of important small print, disclosures, other forms, inspections, negotiations, complying with legal requirements, and overseeing the entire process. I can help you do that at a reduced fee because half of the work of finding the buyer is already done.
If you'd like to get an appraisal, I can put you in touch with a very good appraiser.
If you think you'd hire me to sell the home if the tenant does NOT buy it, I'd be happy to help you determine the value for free.
Give me a call at (858)457-KENT and let me know if you want my help...
Investing or Financing Question
"Hi Gary. I just turned 55 and I was wondering if that means I can sell my rental house tax-free?"
***ANSWER:
Where do I start…
Prior to 1997, tax law allowed homesellers 55 or older a once-in-a-lifetime option to exclude $125,000 of gain on their principal residence. This did NOT a investment property.
And that law was changed in 1997 such that a single person (regardless of age) can sell their principal residence and exclude $250,000 of gain. A couple can exclude $500,000.
Of course, none of this applies to rental property anyway. The most common way to sell investment property and not pay tax is to do a 1031 tax-deferred exchange into another investment property.
There are other complex and rather esoteric approaches that are beyond my scope.
Hot Properties: Call Now On These Hot New
Listings &
Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Great Clairemont Home Beautiful Parkwest pride-of-ownership neighborhood |
|
For more information on this
Wonderful Home Click here | |
"COMING SOON"
(Click Contact
Me to be contacted BEFORE these properties hit the market!)
- Clairemont – Remodeled 4BR/2BA
house + granny flat. 2-car garage. Mid/high 500’s.
Contact
Me
- Encanto – ESTATE SALE: Priced below market! 3BR “fixer” house w/ family room, dbl garage, large lot. 415K! Contact Me
- La Mesa – Lovely 4BR home nestled in the
foothills of Mount Helix on a peaceful, quiet, low-traffic street. 495-540K! Contact Me
- North Park – House + 2 commercial units. Great income! Should be in the
800-ish range.
Contact Me
- Pacific Beach – Cute updated 3BR/2BA north
P.B. house. Priced @ just 600-650K in a neighborhood of $1M homes!
Contact Me
- Poway – BANK-OWNED FORECLOSURE!
3BR/2BA home w/ views. Quiet street. To be around 500K! Contact Me
- Serra Mesa – Very affordable 2BR condo. More info to follow. Contact Me
- Tierrasanta – BANK-OWNED FORECLOSURE!
1584sqft 3BR/2BA townhome, 2-car garage. Near pool, canyon. Contact Me
NEWLY LISTED (Your Home Here!)
- Escondido – ESTATE SALE: Bargain Hunter’s Dream! 3BR house (not a
condo) w/ garage on full lot on quiet street. Just 389K!
Must See!
- Lemon Grove – Remodeled 1700sqft
home on over 1/4 acre. Quiet street, 2-car garage, stunning kitch.
480-520K Contact Me
MORE GREAT HOMES & INVESTMENTS (Your
Home Here!)
- SOLD / Bay Park – Great price for this 1400 sqft, 3BR house in
“Overlook
Heights”. Quiet street. 585-625K!
More
info
- Bay Park – Flawless 2023sqft 3BR/2.5BA home on quiet street. Remod/upgr throughout, family room, great yard! 725-800K! Look for yourself
- Carlsbad – Newer 1766sqft, 3BR/2.5BA “Harbor Pointe” home on
culdesac near beach. Remod kitchen w/ granite. 695K-705K View
Pictures Here
- Clairemont – Sought-after Palisades neighborhood! 3-4 BR house w/ HUGE
23x18 sunny California room. 650-675K!
Click here for information
- Clairemont – 2BR/2BA house w/ oversize backyard, brand-new eat-in
kitchen, FPL, vinyl windows, quiet street. 470K
Contact Me
- Clairemont – 4BR/2BA “Parkwest” home w/ family room across
from
Gershwin Park tennis, basketball. Well-priced @ 500-550K!
OPEN
HOUSE THIS WEEKEND!
- Clairemont – Cute, clean 3BR/2BA home w/ 2-car garage, FPL,
dbl-pane
windows, lots of upgrades, nice yard: 475K-525K
Take a Look!
- Clairemont/Kearney Mesa – 1BR condo w/ GARAGE! Offers new carpet
& paint, vaulted ceiling. Just 205-219K
Just listed!
- Clairemont/Kearney Mesa – 2BR condo w/ yard. Newer carpet, paint,
flooring, appliances, tub/shower, more. Just 269K Check this out
- Jamul –3BR/2BA house w/ brand-new kitchen & country views. FULL ACRE w/
lovely pool, RV parking, large garden: 625-675K
Look at this beauty
-SOLD / La Jolla – Newer 2BR/2BA condo, heart of downtown La Jolla walk
to shops, restaurants! Marble, granite. 650-725K Reduced!
Contact Me
- Linda Vista – 3BR/2BA fixer-upper house w/ spectacular valley & city
views! Beautiful street. Priced to sell @ 459K! Contact Me
- Pacific Beach – Upgraded 2BR/2BA townhome 1 block to Tourmaline Surf
Park & Beach. Garage, quiet complex. 500-550K!
Click here to see more
- 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. Click here to request
more information
- Santee – Beautifully upgraded 4BR home w/ panoramic views! Dual pane
windows, custom kitchen w/ oak & granite: 465-485K
A Must See
- Scripps Ranch- Handsome newer home on quiet street! Offers 19' ceilings, travertine, hdwd floors, family room. 700-750K. Take a Look!
Call me at (858)457-KENT to find out
more or arrange a private
showing...
WOW…Lots of people to thank this
week:
Thank you Aaron K. for referring a client to sell a home…
Thank you Margie B. for referring a friend to buy a home…
Thank you Richard S. for referring a coworker to buy a home…
Thank you Larry & Norma Y. for referring a neighbor to sell a home…
Thank you Bernie S. for referring a coworker to buy a home...
Thank you Susie H. for referring your mom to buy a home…
Thank you Heather S. for referring a friend to sell a duplex…
Thank you Luann B. for referring a client to sell 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.
