Issue #230
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Did you see a home I’m selling on the cover of Wednesday’s Union-Tribune business section? Clarification: The related story tells of how long that home is taking to sell, but it doesn’t say WE just took over the listing from another agent Saturday. So it should be selling shortly! …Be sure to read the next paragraph about our new Auction!
AUCTION This Sunday 1-4PM
We’re trying something radically new: a closed bid auction of a home in Clairemont. Click here for details on the house. Come on by Sunday for info on the auction!
Do The Math
How much rent do you pay? If you pay $1,500 for 10 years, you’d be paying your landlord a whopping $180,000 to help HIM buy his property! And you’d have NADA to show for it. With rates still low and so many home bargains out there, is now the time for YOU to buy a home? If so, call my office @ (858)457-KENT and we’ll be happy to help you…
Help
Wanted: 2 Real Estate Agents
Become a full-time “Buyer-Agent” and help people find their dream home! We
provide leads, training, coaching, and pay most expenses! License required…but
your motivation & personality are more important than experience. Send your info
or resume: fax (858)550-3410 or email
AgentJob@GaryKent.com.
CNNMoney Best U.S. Places To Live 2006
The HOTTEST cities, as measured by average July temperature, per CNNMoney
are:
1. 107.6° Avondale, AZ
1. 107.6° Glendale, AZ
1. 107.6° Peoria, AZ
1. 107.6° Surprise, AZ
5. 107.5° Lake Havasu City, AZ
5. 107.5° Las Vegas, NV
5. 107.5° North Las Vegas, NV
5. 107.5° Sunrise Manor, NV
9. 107.3° Yuma, AZ
10. 105.7° Chandler, AZ
10. 105.7° Gilbert, AZ
Next Friday: You guessed it, the 10 COLDEST cities.
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
Décor & Remodel Nightmare #6 of ???
Black and blue, the story of two homes…
There was an all-blue condo with all-blue furniture for sale a few years ago. It
sat on the market awhile, which must have made the owner, well, all blue. Then
there was the house for sale with black paint…black wallpaper…black
ceilings…black floors…black toilets…black EVERYTHING. Sounds like someone had
some issues. My advice is: Monochromatic may look good on Regis, but please
don’t’ try this at home…
---Got your own décor or remodeling NIGHTMARE? Email it to me at
Nightmares@GaryKent.com.
FREE MLS Online Search
For A San Diego or Riverside Home
To search for a home right now, click on:
Free MLS
Homesearch
ATTENTION HOMEBUYERS / This Week’s Offer:
FREE $450 Home Appraisal & FREE $300 Home Inspection
For a limited time, you’ll receive $750 in free services when you agree to use
us as your Realtor to buy a San Diego home or investment property, use our
preferred Countrywide Financial lender, and use any CREIA-member home inspector.
For more details or to take advantage of this offer, call us @ (858)457-KENT.
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.
Get On Our 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.
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?"
INVEST IN THE WEST: 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
"Hi Gary. My
wife and I are looking for a house in Tierrasanta or UTC. We looked last year
and I felt like I was guessing how much to offer. Should I just offer some %
below the list price? What do you suggest?"
***ANSWER:
Sorry, but there's no simple formula. What you should offer depends on 4 things:
1. VALUE-
The #1 factor in what to offer is value. Forget "always offer 5% below list."
That focuses on LIST price--which only tells you what the owner wants, but not
the value. What if the owner is WAY off?! You need to know the home's value
before deciding what to offer. So educate yourself on values and work with a
skilled and trusted Realtor.
2. COMPETITION-
If you're the only person offering, start lower than if there are other offers
to compete with. Yes, even in this calmer market, some homes sell with multiple
offers and at full price!
3. SELLER MOTIVATION-
If the seller is highly motivated (i.e. bought another home, has financial or
personal pressures, etc.), you may get a better price. If not, expect less
movement from the seller. Find out why the owner is selling. FYI: You may not
find out the real reason.
4. YOUR MOTIVATION-
Is this the perfect home for you? Then don't mess around with low offers that
could make the seller LESS negotiable (because you offended them) or allow
another buyer to jump in and buy the home from under you.
"I want to know what my home is worth. I had it appraised for $1,200,000 in June. Aren’t appraisers usually conservative?”
***ANSWER:
Let me start by debunking one of the longest running myths in the history of real estate: “Appraisals are usually conservative.” (Conservative meaning “low”.)
Not true.
I can tell you from undeniable and repeated personal experience that, on average, residential appraisers tend to come in on the high side, somewhere around 3%. (Note: Do NOT look at your appraisal and subtract 3% and think that’s the value. 3% is merely an average--yours may vary.)
Why does this “conservative appraisals” myth persist?
Here’s my theory, a two-parter:
Part A: In a rapidly rising market, some home appraisals may come in low because the appraiser may not be factoring in how quickly the market has risen.
Part B: When an appraisal in a home purchase comes in low, everyone hears about it because it causes problems and can kill the sale. But when an appraisal comes in high, no one usually hears about it.
Hope that sets the myth to rest…
Investing or Financing Question
"Does it make sense to pay points on
a loan to get a lower rate?"
***ANSWER:
I’m not sure on adjustable loans, given all the variables. So let’s talk about
fixed rates.
Recent 30-year fixed rates loans for borrowers with excellent credit were
around:
6.25% @ 0 points
5.875% @ 1 point
For “jumbo” loans (over 400K):
6.375% @ 0 points
6.125% @ 1 point
So if you pay one point on a 30-year fixed-rate loan, you’ll typically get your
rate 1/4% to 3/8% lower. This means if you pay a point and keep your loan for
3-5 years, you’ll breakeven. After the 3-5 years it’s profitable.
Another reason to pay points (or ask the seller to pay them) is to get a lower
rate allowing you to qualify for a higher loan. This may be the difference for
you to stretch just a bit more to get the home you really want.
Consult a skilled loan rep. If you don’t know one, I’ve got a great one for you.
Just call me at (858)457-KENT.
Hot Properties: Call Now On These Hot New
Listings &
Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
4 BR Clairemont Home, under 500K!
Rare 4BR/2BA family home with great floorplan! ! Super price -
seller wants sold now! |
|
For more information on this Wonderful Home Click Here Open Sunday 1-4 | |
"COMING SOON"
(Click Contact Me to be contacted BEFORE these properties hit the market!)
- Chula Vista ONE– Hilltop area 4BR/2BA house w/ 2-car garage on oversize
8000 sqft lot! Contact Me
- Clairemont – Remodeled 4BR/2BA house + granny flat. 2-car garage. Mid/high 500’s. Contact Me
- Escondido – Spacious 4BR/3BA 2029sqft house
w/ large family room, huge backyard, corner lot, dbl garage: 499-535K Contact Me
- Pacific Beach – Three blocks to the beach! 14 Stunning top-quality
LUXURY condos, just fully renovated w/ maple hardwood floors, granite,
travertine, Emtek hardware, Moen fixtures, recessed lights, washer/dryer in
unit, more! Contact Me
- San Marcos – Cute 2BR condo near Restaurant Row, CSU San Marcos, shopping, movies, more! Price TBD. Contact Me
- Serra Mesa – Very affordable 2BR condo. More info to follow. Contact Me
- Tierrasanta – Quiet, 1-level end-unit 2BR/2BA
home. Attached garage, remod kitch & BA’s w/ granite & more. A/C.
Contact Me
- Tierrasanta – BANK-OWNED FORECLOSURE! 1584sqft 3BR/2BA townhome, 2-car garage. Near pool, canyon. Contact Me
NEWLY LISTED (Your Property Here!)
- Clairemont – Spacious 4BR/2BA 1883 square foot
home w/ large family room, new roof, more! Walk to shopping. Just 475-495K!
Open House Sunday
- Chula Vista TWO– Hilltop area 4BR/2BA house w/ 2-car garage on oversize
8000 sqft lot!
Contact Me
- Mira Mesa – 3BR/2BA duplex home on a quiet culdesac w/ garage, granite, huge backyard, spacious patio.! 375-399K. Want to see more?
- Pacific Beach – Enjoy dazzling
bay/city/nightlight views from this north P.B. home w/ large rooms! 900K-1M! Contact Me
- Poway – BANK-OWNED FORECLOSURE! 3BR/2BA home w/ views. Quiet street. To be around 500K! Contact Me
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
- Clairemont – Below-market 2BR condo in gated
community! Light & bright w/ new carpet, paint, upgrades! Just 240-259K
Click here for more info
- Clairemont – Near-2000 sqft home w/ huge 24x21 family room, hardwood floors, RV parking, more. Very private. 575-625K! Check out the photos!
- Clairemont – Cute, clean 3BR/2BA home w/ 2-car garage, FPL, dbl-pane windows, lots of upgrades, nice yard: 465K-495K
More Details
Open House Sunday 1-4
- Clairemont/Kearney Mesa
– 1BR condo w/ GARAGE! Offers new carpet & paint, vaulted ceiling. Price slashed
to 190-199K! Just listed!
- SOLD/El Cajon – Remodeled duplex, both 3BR/2BA w/ garage & yard! Ideal
for live-in-one-rent-the-other or investor! 500-550K
Find More On The Market
- Encanto – ESTATE SALE: Priced below market! 3BR “fixer” house w/ family room, dbl garage, large lot. 415K! More Details and Photos here
- Jamul –3BR/2BA house w/ brand-new kitchen & country views. FULL ACRE w/ lovely pool, RV parking, large garden: 620K Look at this beauty
- La Mesa/Mt. Helix – BANK-OWNED FORECLOSURE!
Mega-fixer “contractor’s special” 3BR/2.5BA house w/ amazing views! Quick sale
price: $429,900
Look at some
others
- Linda Vista – 3BR/2BA fixer-upper house w/ spectacular valley & city views! Beautiful street. Priced to sell @ 459K!
- Mira Mesa – 3BR/2BA duplex home on a quiet culdesac w/ garage, granite, huge backyard, spacious patio.! 375-399K.More Info
- Mission Valley – SHORT SALE! Sunny 2BR/2BA townhome w/ vaulted ceilings, inside laundry, FPL, community pool! 310-330K Contact Me
- North Park – Cosmetic Fixer with tons of upside potential For only $460K- Possible to build 3 units??? Contact my office for more info and Click Here to see more now
- Pacific Beach – “Pacifica” 3-4BR/2BA, 1800sqft
home w/ FPL, raised open-beam ceilings, 2-car garage, more: Just 750-800K!
See for yourself
- SOLD/Pacific Beach – 4BR home w/ spectacular bay, ocean, city,
nightlight views. Pool, 2-car garage, large yard!
Find More On The Market
- SOLD/Pacific Beach – Cute updated 3BR/2BA north P.B. house. Just
600-650K in a neighborhood of $1M homes!
Look for other
properties
- SOLD/Pacific Beach – Custom 4BR north P.B. house w/ spectacular new oversize kitchen, canyon view. 750-825K! Search for more
- Phoenix, AZ - Cashflow apartments, zero management, 15% under-market!. 1031 exchange OK. $100K to $2M down. Click here to request more information
- Santee – Lovely upgraded 4BR home w/ panoramic views! Dual pane
windows, custom kitchen w/ oak & granite. Cut to $449,500! A Must See
Call me at (858)457-KENT to find out more or
for a private showing. To find other homes, go to
Free MLS
Homesearch.
Clicked on a property, but there’s no info? It may be sold. Call me to
double-check or discover other similar properties we have for you.
Thank you Tim M. for referring friends 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.
