Issue #244
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Merry Christmas & Happy Holidays to you and your family! …Thank you to author
and national speaker Kevin Hogan for his kind words mentioning me and this ezine
in his latest CD series. …We’re 80% full for our
free seminar January 20th
forecasting San Diego’s real estate market in 2007. I’m dying to hear the
predictions and insider perspectives our fascinating speaker / noted economist /
“real estate guru” Sanford Goodkin will share with us. Do you want to make the
right move in ’07? Then come to the seminar! …We added
3 new foreclosure properties
below.
Did You Know that several years ago interest rates in Japan got down to ZERO percent? They were encouraging people to borrow and spend in order to pull Japan out of a deep recession.
True Story: I’d Quit
Before I’d Work Like This
One of my bank contacts shared two shocking stories about selling their Detroit
foreclosures. Story #1: When his top foreclosure agent goes to their properties
in the worst areas, he drives an ARMORED Chevy Suburban, escorted by two
bodyguards armed with automatic weapons! My contact said when flew into town to
view the bank’s properties, the agent blockaded the 100% vacant street with a
Suburban and armed guards at each end. …Sounds more like Baghdad than the U.S.
(Story #2 next week.)
FREE MLS Online Search For A San Diego or Riverside Home
To search for a home right now, click here: Free MLS Homesearch
CONTRACTOR NEEDED To Fix
Foreclosures For Banks
We need a 100% dependable contractor for preparing bank foreclosures for sale.
The jobs are small/medium: hauling junk, carpet/flooring, painting, repairs,
minor remodeling, etc.
Requirements:
- Licensed w/ worker’s comp
- 24-48 hour turn-around MAX for bids
- OK w/ getting one job for every 2-3 bids
- Fast work, done on schedule
Interested? Call Bob @ (858)535-7407.
U.S. Cities Ranked 2006: Most
Tennis Played
Here are cities from the CNN/Money “Best Places to Live” database where
residents play the most tennis. (100=national avg., 200=twice national avg.)
1. 163 Bethesda, MD
2. 161 Greenwich, CT
2. 161 Davis, CA
2. 161 Rancho Santa Margarita, CA
5. 160 Newport Beach, CA
6. 159 Williamsburg, VA
7. 158 Laguna Niguel, CA
8. 157 West Bloomfield Township, MI
8. 157 McKinney, TX
10. 156 Asheville, NC
Next Week: 10 most dangerous U.S. cities.
Help Wanted: Two Real
Estate “Buyer Agents”
Energetic, positive, hard-working person wanted to help people find their dream
home! We provide great training, coaching, and pay most expenses.
Bilingual/Spanish a plus, but not required. Call (858)535-7435 or fax
info/resume to Kevin @ (858)550-3410 or email
Jobs@GaryKent.com.
Get On Our San Diego
“Foreclosure Hot-List”
Five major lenders have asked me to handle their foreclosures, and I’m
looking for a short list of investors or people wanting to buy a home or
investment up to 5-10% below market. If you’d like to be the first to find out
about them,
click here.
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.
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.
FREE SEMINAR: Saturday, January 20, 2007 10AM-Noon
At "Forum Hall" at the UTC Mall in University City
Click Here For FLYER
Don’t Dare Buy or Sell…Until You Go To This Seminar:
2007 SAN DIEGO REAL ESTATE FORECAST
Fasten your seatbelts!
Sanford Goodkin, “real estate's leading guru” per the San Diego Union, internationally known real estate economist and advisor, will share his insider’s forecast for San Diego real estate in 2007. Mega-homebuilders pay him big bucks…for info you’ll get free.
And I’ll provide a review of 2006, including lessons learned from our changing
market…based on 22 years experience and surviving and thriving in past
challenging San Diego markets.
Here’s just some of the fascinating insights and information you’ll discover…
- 2007 Real Estate Forecast: "Soft Landing" or "Bursting Bubble"?
- 2006 Local Real Estate Review - From The Trenches
- An Insider’s perspective on the economy, real estate, & housing
- Bird’s eye view on other markets
- Why what you see on the news & read in the paper about real estate prices is often DEAD WRONG
- How will San Diego’s rising foreclosures and short sales impact the market? You may be surprised...
- Why today’s slowdown is NOT like the ‘90’s slowdown
Sandwiches & drinks provided + free dinner-for-2 drawing.
To RESERVE YOUR SEAT NOW for this free presentation, click here or call (858)457-KENT!
Homebuying Question
"Hi Gary. We just found the
perfect house and it’s at a great price. Even though we both agree it’s priced
right, my husband wants to offer quite a bit under the asking price. What’s the
downside to making a low offer?”
***ANSWER:
(Part 4 of a 4-part answer)
Who determines “value”?
The market does. And you and I do.
I define value as “the price a willing, informed buyer and seller would agree on
in an arm’s length transaction”.
In practice, you and I determine what we believe market value is by seeing homes
and educating ourselves. We look at homes that have sold and homes that aren’t
selling.
With time, we develop a gut for what a home’s approximate value is. Of course,
my gut has probably been doing this longer than yours has, so feel free to ask
me my opinion.
So the best approach to knowing value is twofold: 1) educate yourself, and 2)
work with a skilled Realtor you know and trust to advise you.
"I’ve heard that if I sell my home and then
change my mind, I can rescind the contract and cancel. How long is my right of
rescission? Isn’t it 3 days?”
***ANSWER:
Real estate contracts offer no right of rescission for either party.
While not a right of rescission, the buyer of a property usually has specific
contingencies that allow cancellation w/o penalty for a limited period. That’s
because as a buyer they’re coming into an unknown and are given time to arrange
financing, inspect and investigate the home, etc.
Under the standard contract, as a seller you can only cancel if the buyer
doesn’t perform.
NOTE: When I represent a client selling a property, I negotiate the right to
cancel if the buyer does not appear qualified. Incredibly, the standard contract
gives such a weak, watered-down right that it can rarely be exercised.
Investing or Financing Question
"I’m a veteran from the first
Gulf War. I know for awhile that it was almost impossible to use my VA to get a
loan to buy a home in San Diego. Has that changed? "
***ANSWER:
I want to first say, THANK YOU for your service to our country.
In answer to your question, for many years it’s been hard to buy VA here in San
Diego. That was for two reasons:
First, VA loans cost the seller about $3,000 in extra fees. So when homesellers
were all getting multiple offers, asking for VA financing usually meant your
offer was rejected.
Secondly, VA loan limits have been too low to purchase most homes in San Diego.
Now with sellers more motivated, prices softer, and zero-down VA loans up to
$417,000 (higher if you put $$ down), you should be able to use your VA loan.
BUT…Would you even want to?
I’ll answer this next week…
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Pacific Beach Home |
|
For more information on this Delightful Home Click Here | |
"COMING SOON"
(Click
Contact Me to be contacted BEFORE these properties hit the market!)
- Allied Gardens – BANK-OWNED FORECLOSURE! 3BR house w/ double garage. Quiet street near Kaiser.
Price TBD.
Contact Me
- Bay Park – 3BR home with ocean, bay, & city views!
Quiet street, private yard, 2-car garage. In the 500s?
Contact Me
- Bay Park – Dramatic 3BR/2.5BA house w/ ocean, bay, city view. Soaring
cathedral ceilings, open floorplan. Low 600s?
Contact Me
- Chula Vista – BANK-OWNED FORECLOSURE! Newer 3BR, 2.5BA, 1452sqft townhome w/ garage. $300s? Contact Me
- Clairemont – BANK-OWNED
FORECLOSURE! 2BR townhome w/ garage, large living room, & patio.
$200s?
Contact Me
- Downtown – BANK-OWNED FORECLOSURE! 1BR/1.5BA ground-floor condo with direct street entrance.
Contact Me
- Downtown – BANK-OWNED FORECLOSURE! Under-market 2-year-new 2BR/1BA high-rise condo in Acqua Vista. Contact Me
- La Jolla – BANK-OWNED FORECLOSURE! Remodeled 3BR/2BA penthouse vu condo 2 blocks to beach. Price TBD. Contact Me
- La Mesa – BANK-OWNED FORECLOSURE! 3BR/1.5BA house with big yard, no garage. Should be high $300’s. Contact Me
- La Mesa – BANK-OWNED FORECLOSURE! 2BR house w/ garage, RV parking & big yard. Should be high $300’s.Contact Me
- Mira Mesa – BANK-OWNED FORECLOSURE! 4BR/2BA home on quiet culdesac. Upgr kitchen w/ island. $400s. Contact Me
- Mira Mesa – BANK-OWNED FORECLOSURE! 4BR/2.5BA 1804sqft house w/ spa. Should be low $500’s. Contact Me
- Mira Mesa – BANK-OWNED FORECLOSURE! 2BR/1BA condo, 913 square feet. Should be mid-$200’s. Contact Me
- Pt Loma- BANK-OWNED FORECLOSURE! Very affordable 2BR house on quiet street. Should be in the $500’s. Contact Me
- Pt Loma – BANK-OWNED FORECLOSURE! Cute 2BR, 1227sqft house w/ garage, 6500sqft lot. High $600’s? Contact Me
- Spring Valley – BANK-OWNED
FORECLOSURE! 3BR/3.5BA 2792sf custom home, panoramic views. Low
$500’s?
Contact Me
- Tierrasanta – BANK-OWNED FORECLOSURE!
4BR/2.5BA 2592 sqft fixer house on quiet street. Mid $600’s?
Contact Me
NEWLY LISTED (Your Property Here!)
- Clairemont – Stunning 3BR/2BA home: maple/granite kitchen, remod baths, dual-pane windows, pergo floors, more! 470-505K See for Yourself
- Mission Valley – Stylish 2BR/2BA condo in gated community (w/ guard) next to golf course & Fashion Valley Mall. 345-365K Contact Me
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
- Clairemont – SHORT SALE! Nicely remod 3BR/2BA house: hdwd floors, dbl garage, quiet street, palm trees galore. Look For Yourself
- SOLD/Clairemont – SHORT SALE! Stunning remod 3BR/2BA house on quiet street in great neighborhood. Lo 500s! Find Others Like It
- Chula Vista – BANK-OWNED FORECLOSURE! Bargain price for this 3BR/2BA 1186sqft condo in “Woodland Hills” complex. 310K! See For Yourself
- Encanto – Upgraded 3BR/1.5BA home with HUGE grassy backyard & double garage. Price to follow. Take a Look
- SOLD/Escondido – Spacious 4BR/3BA 2029sqft house w/ large family room, huge backyard, corner lot, dbl garage: 499-535K Find Others Like It
- La Costa – Just-remodeled luxury Mediterranean-style 4,800 sqft estate on huge lot, right on La Costa Golf Course. 1.695-1.795M Look For Yourself
- La Mesa/Mt. Helix – BANK-OWNED FORECLOSURE! Mega-fixer 3BR house “contractor’s special” w/ dazzling views! 399,9K More Foreclosures Here
- North Park – ADD 3 UNITS to this 3BR “cosmetic fixer vintage house built in 1933 on a 6250sqft lot. Asking 460-490K! See For Yourself
- Pacific Beach – Elegantly redone cottage 2 blocks to Bay. Maple/granite
kitchen, travertine, hardwood, more! 650-700K
See For Yourself
- Tierrasanta – BANK-OWNED FORECLOSURE!
1584sqft 3BR/2BA townhome, dbl garage. Near pool, canyon. Now $464,900 Take A Look
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 Jose
P. for referring your friend 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/
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