Issue #223
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Hello again. Our “Why Buy In A Buyer’s Market” seminar was a success last night. Note that our next Phoenix cashflow apartments seminar is Saturday October 7th, 10AM-noon.
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.
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.
Zillow.com Warning
To date, I’ve had dozens of clients tell me they went to Zillow.com to find out
their home value. One little hitch. Most of Zillow’s cute little “Zestimates”
that I’ve seen are PATHETICALLY inaccurate. The typical price was 10-20% high or
low, though I’ve some were off as much as 40%. I give them low marks for
accuracy and do not recommend using them for a serious idea of your home value.
…But I give them high marks for comedy and entertainment.
(Lawsuit Avoidance Disclaimer: “This is only my opinion. Your experience may vary. Though I have not experienced it, the odds are that Zillow is accurate at times, though it may only be accidental.”)
CNNMoney Best U.S. Places To Live 2006
The best SMALL cities to live in per CNNMoney are:
1. Fort Collins, CO
2. Naperville, IL
3. Sugarland, TX
4. Columbia, MD
5. Cary, NC
6. Overland Park, KS
7. Scottsdale, AZ
8. Boise, ID
9. Fairfield, CT
10. Eden Prairie, MN
Next Friday: 10 best BIG cities
Home Price Nostalgia, #3 of 4
Here's another page from the 1954 San Diego Union real estate classifieds.
Take a look and be amazed
. . .
San Diego Union real estate classifieds from 1954. Given to me by my friend and fellow Realtor Sandy Lund.
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
This Week’s Special Offer
TWO FREE PADRE TICKETS To The Next 5 People…
…To sign up from this week’s newsletter for our brand-new seminar Thursday, July
27, 6-8PM called “Why Buy In A Buyer’s Market”.
Click here for flyer with more info &/or call (858)457-KENT to sign up.
(Winners must attend to receive tix!)
FREE MLS Online Search
For A San Diego or Riverside Home
To search for a home right now, click on:
Free MLS
Homesearch
Find Out Your Property Value FREE, Right Over The Phone
If you're planning to sell, knowing your property value is vital. Now you can
quickly, easily find out the value of your San Diego home (or other property)
free, right over the phone.
Just call and tell me about your property’s size & features. Then I’ll research
all the nearby sale "comps" (properties sold), adjust for all your property
offers, and arrive at an honest value that should be accurate +/- 5%. If you’re
selling and want a more accurate figure, ask me to come see your property.
For your free market value analysis, call me at (858)457-KENT…that's
457-5368.
Remember to email your questions, comments, compliments, corrections,
critiques, & rebuttals to
Questions@GaryKent.com.
Gary's Real Estate
Seminars
FREE SEMINAR October 7 / Saturday 10AM-NOON
At "Forum Hall" at the UTC Mall in University City
"Can You Guess Where I'm Buying Real Estate 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!
"Can I get a
good deal on a foreclosure?"
***ANSWER:
It depends on what you call a “good deal”. Foreclosures usually sell close to
market value. So getting a “steal” is unlikely. Foreclosures are the “Holy
Grail” of real estate, coveted by many but obtained by few.
There are generally two types of people who do get a steal on a foreclosure:
1) Seasoned Investors
2) Very Lucky People
The Seasoned Investors often buy “all cash” and make investing their full-time
job. They do their homework, chase leads, and make lots of offers before they
land a “good deal.” Sadly, a few Seasoned Investors are lacking in the ethics
department, taking advantage of and misleading people. Ultimately, after much
work, Seasoned Investors can get some excellent values, but many are only 5% to
10% under market. Nothing to write home about.
The Lucky People just happen to fall into a “good deal” on a foreclosure. Their
agent finds them a house and they learn during or after the negotiations that
the owner was in trouble and that’s why they got a good price. Or their uncle’s
neighbor falls behind and they buy the home. Usually it’s just accidental.
So the best advice I can give you is not to spend too much time chasing
foreclosures (but you might want to sign up for my Foreclosure Hot-List above as
it won’t take a lot of your time.)
"Hi Gary. I see your name EVERYWHERE. You do an awesome job marketing yourself. But how do I know you'll do a good job marketing and selling my home?"
***ANSWER:
Good question. Two answers:
If I can't market myself, why would you ever hire me to sell your home?
And…
By getting my name out there in so many different ways, people are constantly coming to me for their real estate needs. And many of them end up buying homes I have for sale.
Investing or Financing Question
"I own a three rental houses and a condo here in San Diego. I’m hoping to
trade up to buy a 10-20 unit apartment building. I've heard the term 'cap rate',
but I’m not sure what that means. Can you explain it? Thanks…"
***ANSWER:
Cap rate, short for "capitalization rate", is a rough rule of thumb to help
determine value. A cap rate is the amount of return an investment yields. It is
sometimes called a rate-of-return or return-on-investment.
In real estate, it's calculated as the "net operating income" (NOI) divided by
the price or value. NOI is gross annual income minus operating expenses, not
including loan payments. The formula looks like this:
Cap rate = NOI/Value
To determine approximate value, you divide a property's NOI by the prevailing
cap rate for the area (San Diego is 3-6%, depending on the type of property):
Value = NOI/CapRate
That's the theory. In practice, you need to determine the prevailing cap rate
and be sure the NOI figures for rents and expenses are accurate and up-to-date.
If you're in the market to buy or sell, call me at (858)457-KENT for more help
on this...
Hot Properties: Call Now On These Hot New
Listings &
Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Delightful Clairemont Home Imagine relaxing or entertaining in the oversize 24'x 21'
step-down family room |
|
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
- Pacific Beach – Enjoy dazzling bay/city/nightlight
views from this north P.B. home w/ large rooms! 900K-1M!
Contact Me
- Pacific Beach – Custom 4BR north P.B. house w/ spectacular oversize
rebuilt kitchen, canyon vu, more. 750-825K!
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!)
- 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
- Clairemont – Near-2000 sqft home w/ huge 24x21 family room, hardwood floors, RV parking, more. Very private. 575-625K! Look!
- Escondido – ESTATE SALE: Bargain Hunter’s Dream! 3BR house (not a
condo) w/ garage on full lot on quiet street. Just 369K!
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! Contact Me
- SOLD / Bay Park – Flawless 2023sqft 3BR/2.5BA home on quiet street. Remod/upgr throughout, family room, great yard! 725-800K! Contact Me
- 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!
Click
here!
- 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
Call me at (858)457-KENT to find out
more or arrange a private
showing...
Thank you M. H. for referring
your clients to sell a home…
Thank you John C. for referring someone to buy & sell a home…
Thank you Alberto & Irene H. for referring someone to us…
Thank you Margaret S. for recommending us to your coworkers…
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.
