Issue #250
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
You’re invited to our brand-new seminar coming in March called “How To Buy A
Home In San Diego - 2007”. You and a guest can reserve a seat now by calling
(858)457-KENT. Click here for more info. …Didn’t catch me on Channel 8 last
week? My tech guy has this link for you:
Channel
8 Interview
True Story: Mortgage
Rip-Off
About 10 years ago, there was a common rip-off that netted crooks a bundle.
Homeowners received “official” notices saying their mortgage had been sold and
to start sending payments to a new lender. The trouble was that “new lender” was
actually a scammer using a bogus business name. Many people lost thousand of
dollars.
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.
U.S. Cities Ranked 2006:
Top 10 Emerging Metropolitan Areas
Here are the top 10 out of 45:
1. Ithaca, NY
2. Bend, OR
3. Mount Vernon-Anacortes, WA
4. Logan, UT-ID
5. Coeur d'Alene, ID
6. Prescott, AZ
7. Vero Beach, FL
8. Blacksburg-Christiansburg-Radford, VA
9. Brunswick, GA
10. Idaho Falls, ID
…
45. El Centro, CA
(Source: BestPlaces.Net)
Next Week: 10 Top healthiest cities…
Help Wanted: Two Real
Estate “Buyer Agents”
Energetic, hard-working person wanted to help clients find their dream home! We
provide great training, coaching, pay most expenses. Bilingual/Spanish a plus,
but not required. Call (858)535-7435, fax resume to Kevin @ (858)550-3410, or
email
Jobs@GaryKent.com.
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.
This Week’s Free Offer:
Free Homeseller Consultation
Few agents take the time to sit down and really understand your goals, explain
what you should know before you sell, advise you on preparing your home for
sale, do the homework to price your home optimally, and answer all your
questions.
They'd rather rush you before you're ready and throw a for sale sign in your
yard --whether it's the best move for you or not. I take a different approach...
I want to really understand what you want and why. I’ll share things that could
cost you time, money, and problems if you’re unaware...and smart ways you can
save some money and sell your home quicker and easier and feel good about your
experience.
If this makes sense and you'd like to feel comfortable instead of stressed when
selling your home, call my office at (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.
FREE SEMINAR March 31 / Saturday 10AM-Noon
At "Forum Hall" at the UTC Mall in University City
How To Buy A Home In San Diego – 2007!
…Never bought a home, or just a little rusty?
…Curious to learn so you can confidently make your own choices and look out for
yourself?
…Excited about all the opportunity and great values in today’s buyer’s market?
Then come hear three experts share the inside scoop to buying a home today.
You’ll learn from yours truly plus our home loan expert and a home professional
home inspector.
You'll Discover:
- San Diego real estate forecast—2007 & Beyond: "Soft Landing" or "Bursting
Bubble"?
- Exactly what I would do if I was buying a home today
- Your step-by-step plan to buy a home (or other real estate) in the next 90
days
- Insider secrets whether you're buying your 1st or 10th home
- What home inspectors DO and DON'T inspect— you might be surprised!
- The ideal mortgage for you + dangerous mortgages you should avoid like the
plague.
- Find your dream home searching the San Diego "MLS" real-time
- Get prequalifed FREE, on the spot (plus get a free copy of your FICO credit
report)
- Learn the 3 best loan programs
- Get free email access to undervalued & foreclosure properties
- Find out exactly how much home you can afford, your monthly payments, & needed
down payment
- Discover how a cutting-edge computer program got our computer guy a home under
market
- 9 Clever ways to make your offer more attractive & beat competing offers (YES,
some homes are getting multiple offers!)
- Avoid buying a home that's a MONEY PIT of problems
- The truth about zero-down loans—are they for you?
- Why what you see on the news & read in the paper about real estate prices is
often DEAD WRONG
- The HUGE DIFFERENCE between today’s San Diego market slowdown and the one in
1990
- How to get seller’s to pay EVERY PENNY of your closing costs
- Who should NOT buy a home today? ...And is it YOU?
- 5 ways to “profit and plunder” in today’s market
- Real advantages of buying in today’s slower market
- 3 Things you must know BEFORE you buy your next home
- The 80/20 rule to buying a home
- Insider secrets to buying a home below market value
- Avoid these 5 common homebuying mistakes
"Hi Gary. I saw a condo for sale
in P.B. priced extremely low, about 25% below market. Then I found out it’s one
of those short sales. Do you think it will actually sell for that price?"
***ANSWER:
No.
Before I explain, let’s first review what a short sale is:
A short sale is when an owner sells a property with a loan balance that exceeds
the net after selling expenses. For example:
100K = Loan
90K = Value
85K = Net after selling expenses.
15K = Shortfall
To avoid foreclosure (a huge money-loser for banks), the bank agrees to accept
the 85K and eat a 15K loss. So the homeowner is able to sell instead of losing
the home to foreclosure.
Short sales usually sell 2-5% below market. That’s because a buyer must
typically wait 6-8 weeks to find out if the bank will OK the sale. With plenty
of homes to choose from, it’s got to be worth the wait.
Of course, banks won’t roll over and agree to ANY price, no matter how low it
is. Herein lies the problem:
Some agents are pricing short sale homes WAY below market to attract offers.
Then when they get a buyer, they wait 6 weeks only for the bank to shoot the
sale down because the price is too low.
In fact, that almost just happened with my superb buyer agent, Steve. He’s
helping some great clients of ours buy a home…
They were about to write an offer on a house that was a short sale. It was a
bargain at $375,000. Steve smartly called the seller’s agent and learned the
bank had TURNED DOWN $430,000. Why the agent thought the bank would then OK a
$375,000 price is beyond me.
MORAL OF THE STORY: If the price sounds too good to be true, it’s probably a
short sale the bank will never approve. Don’t waste your time…
"We have a question. We’re going
to sell our home. When we get our new place, we plan to buy brand new furniture
because our current furniture is ugly and old and out of style. Do you recommend
we sell our home vacant?”
***ANSWER:
Here’s a novel way to effectively get your new furniture for FREE!
First, get rid of your unsightly old couches, chairs, tables, etc. Then go buy
that brand new furniture you want and bring it home.
You’ll basically be staging your current home. Your beautiful new stuff will
enhance the appeal of your current home and help it sell for more.
And that higher price will partially, fully, or more than fully offset the cost
of your new furniture.
Investing or Financing Question
"Hi Gary. I’m a new real estate
investor. I see all your foreclosures. Are they also short sales?"
***ANSWER:
First, a quick explanation:
There are 3 stages of foreclosure during which a home may be sold:
1. BEFORE a foreclosure sale, when the homeowner is in foreclosure.
2. AT the foreclosure sale, when the home is auctioned.
3. AFTER the foreclosure sale, when it has gone back to the bank or the highest
bidder.
So the answer to your question is “no”. Properties that are bank-owned
foreclosures are never short sales. The bank has already taken them back and the
loan no longer exists.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Tierrasanta Special Open House Sat 12-4 BR/BA: 4/2.5 Sqft:2,080 Price:$634,900 |
|
For more information on this Delightful Home and Open House Click Here | |
"COMING SOON"
(Click
Contact Me to be contacted BEFORE these properties hit the market!)
- Bay Park – Gorgeously fully remodeled 5BR/3BA view home on quiet street in
great neighborhood. Dbl garage. $800s.
Contact Me
- Chula Vista – BANK-OWNED FORECLOSURE! Sharp
7yr-new Rancho Del Rey townhome w/ dbl garage. $400?
Contact Me
- Chula Vista – BANK-OWNED FORECLOSURE! Cute
remodeled 3BR house w/ white picket fence. $300s?
Contact Me
- Chula Vista – BANK-OWNED FORECLOSURE! Newer 3BR, 2.5BA, 1452sqft townhome w/ garage. $300s? Contact Me
- Clairemont – BANK-OWNED FORECLOSURE! Updated & upgraded 3BR/2BA house w/ garage. Lo/mid $400s? Contact Me
- Clairemont – BANK-OWNED FORECLOSURE! 3BR house w/ garage. Quiet street. More info to follow. Lo $400s. Contact Me
- Downtown – BANK-OWNED
FORECLOSURE! 2BR 2nd-floor condo in historical & famous CORTEZ HILL.
Price TBD.
Contact Me
- Downtown – BANK-OWNED FORECLOSURE! 1BR/1.5BA ground-floor condo with direct street entrance.Price
TBD
Contact Me
- Downtown – BANK-OWNED FORECLOSURE! 2-year-new 2BR/1BA high-rise condo in Acqua Vista. Price TBD Contact Me
- La Jolla – BANK-OWNED FORECLOSURE! Upgraded 3BR/2BA, 1-story house on culdesac in “Windemere.” $900s? Contact Me
- La Mesa – BANK-OWNED FORECLOSURE! Remodeled 5BR/3BA 2537sqft view home on .41 acres. $500s? 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
- Mission Valley – BANK-OWNED FORECLOSURE! 1BR condo, 604 sqft, tennis, pools, near Qualcomm. $200? Contact Me
- Nestor – BANK-OWNED FORECLOSURE!
Stunning 4-yr-new 4BR/3BA 2422sqft house near park. Price TBD.
Contact Me
- Nestor – BANK-OWNED FORECLOSURE! 3BR/2BA
house: family room, dbl garage, tile throughout. Mid-$400s?
Contact Me
- Nestor – BANK-OWNED FORECLOSURE! 3BR/2BA condo, 1224 sqft condo, near pool & playground. $300? Contact Me
- North Park – BANK-OWNED FORECLOSURE! Charming 2BR Spanish house, hardwood floors, garage. Low $300’s? Contact Me
- Oak Park – BANK-OWNED FORECLOSURE! Cute, upgraded 2BR cottage w/ garage & large yard $300’s? Contact Me
- Oceanside – BANK-OWNED
FORECLOSURE! 4BR/2BA home w/ 2-car garage. Very low $400’s?
Contact Me
- Oceanside – BANK-OWNED FORECLOSURE!
Stunning 9-yr-new 4BR home w/ sweeping views. Low $500’s?
Contact Me
- Oceanside – BANK-OWNED FORECLOSURE!
Handsome 3BR/2.5BA detached home w/ dbl garage. Low $400’s?
Contact Me
- Oceanside – BANK-OWNED FORECLOSURE!
2BR/1.5BA, 1280 sqft condo w/ garage. Low $200s?
Contact Me
- Pacific Beach / Crown Pt– BANK-OWNED FORECLOSURE! 2BR/2BA w/ bay/city views. Walk to bay! Low $400s? 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
- Rancho Penasquitos – BANK-OWNED FORECLOSURE! 4BR/2.5BA house. More details to follow. $600ish? Contact Me
- San Marcos – BANK-OWNED
FORECLOSURE! Stunning view house, 2259 sqft, 3BR/3BA, built 2003.
Mid$500s?
Contact Me
- Scripps Ranch – BANK-OWNED FORECLOSURE!
Stunning newer 4BR 2536sf home, many upgrades. $700?
Contact Me
NEWLY LISTED (Your Property Here!)
- Rancho Bernardo – BANK-OWNED FORECLOSURE! 4BR/2BA 1913 sqft house on culdesac. New paint/carpet/granite. $579,900! See What Its Like
- Tierrasanta – BANK-OWNED FORECLOSURE! 4BR/2.5BA 2592 sqft fixer house on quiet street. Bargain at $634,900! Free Info About the Home
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
- Allied Gardens – BANK-OWNED FORECLOSURE! 3BR house w/ double garage. Quiet street near Kaiser. $425,900. Free MLS Search
- Chula Vista – BANK-OWNED FORECLOSURE! Bargain price for this 3BR/2BA 1186sqft condo in “Woodland Hills” complex. 310K! More Foreclosures Here
- Clairemont – BANK-OWNED FORECLOSURE! West Clairemont 2BR townhome w/ garage, large living room, patio. $279,900. Pictures
- Del Cerro – Huge 1445 sqft 3BR/2.5BA condo, newer condo conversion w/ granite. Near SDSU, trolley, hospital. 309-339K Contact Me
- Encanto – Upgraded 3BR/1.5BA home with HUGE grassy backyard & double garage. Price to follow. View Details
- La Costa – Just-remodeled luxury Mediterranean-style 4,800 sqft estate on huge lot, right on La Costa Golf Course. 1.55 M Look For Yourself
- La Jolla – BANK-OWNED FORECLOSURE! Remodeled 3BR/2BA penthouse vu condo 2 blocks to beach. Hdwd flrs. $569,900 See The View
- La Mesa – BANK-OWNED
FORECLOSURE! 3BR house on quiet street
with big yard. $2500 closing cost credit. $376,900.
More Information
- La Mesa – BANK-OWNED FORECLOSURE! 2BR
house w/ dbl garage, RV parking & big yard. $2500 closing cost credit. $386,900
Take A Look
- Mission Valley – SHORT SALE! Oversize 2BR/2BA condo near USD, YMCA. Security parking for 2 cars. 360-400K. Find Out More
- Paradise Hills – BANK-OWNED FORECLOSURE! 3BR/2BA 1183sqft condo w/ large covered patio. $300? Check It Out
- San Marcos / San Elijo Hills – Stunning, sunny & open 4/2.5 home w/ bonus room. Built 2004 w/ all the upgrades. 612K. See For Yourself
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 Nick
L. for referring a neighbor to sell her home…
Thank you Jose P. for referring a friend to sell a home…
Thank you Chris B. for referring a friend to sell his 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 -- 3,100+ 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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