Issue #252
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Welcome! …Our local market continues to stabilize. We’re actually getting
multiple offers on some homes I’m selling. Not quite like old times (i.e.
2000-2005), but it’s improving. …One of our bank-clients just assigned us a very
cool vintage Victorian home in National City built circa 1864. It should go in
the $400s. Want to be notified when it’s available for sale?
Click Here.
New Seminar: “How To Buy A
Home In San Diego – 2007”
Remember to sign up
for our free seminar coming March 31st.
True Story:
Valentines Day Shocker
WARNING: This one’s a little edgy. My apologies in advance…
We handle foreclosed properties (called “REOs”) for several major banks. On
Valentine’s Day, my main REO assistant was at a house negotiating with the
ex-owner, a woman, to move out. She excused herself to find some papers. When
the attractive blonde woman returned, she was wearing a see-through negligee and
said, “How about I give you a little Valentine’s Day gift and you let us stay an
extra three months?” Shocked, my assistant graciously declined and made his way
out of the house.
U.S. Cities Ranked 2006:
Top 10 Most Populated
With estimated 2005 populations:
1. 8,143,197 New York
2. 3,844,829 Los Angeles
3. 2,842,518 Chicago
4. 2,016,582 Houston
5. 1,463,281 Philadelphia
6. 1,461,575 Phoenix
7. 1,256,509 San Antonio
8. 1,255,540 San Diego
9. 1,213,825 Dallas
10. 912,332 San Jose
(Source: infoplease.com)
Next Week: 5 Top “drunkest” U.S. cities…
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.
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
FREE Guide: 1031 Tax-Deferred Exchanges- The Key To
Building Real Estate Wealth
This guide clearly explains how exchanges work, what property you can and cannot
exchange (you may be surprised!), basic rules for a valid exchange, time frames,
& pitfalls to avoid. I've done over 75 exchanges for clients, plus several
personally. This tool has helped countless investors retire younger and richer.
You can too.
Call (800)748-1340 to have this sent to you FREE via mail. Call 24/7, free recorded message. Your guide should arrive at your home within 72 hours.
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"?
- What home inspectors Do & don’t inspect. You may be surprised!
- Get pre-qualified FREE, on the spot + get your credit report free
- Why media reports about real estate are so often DEAD WRONG
- Step-by-step plan to buy your dream home in the next 90 days
- Find out your price range, payments, & needed down payment
- How our software got my computer guy a home under market
- 9 ways to make your offer more attractive & beat other offers
- How to avoid buying a home that's a MONEY PIT of problems
- The 3 best loan programs + dangerous mortgages to avoid
- Free email access to under-valued & foreclosure properties
- 7 smart insider tips, whether this is your 1st or 10th home
- Exactly what I would do if I was buying a home today
- Get sellers to pay EVERY PENNY of your closing costs
- 6 ways to profit and plunder in today’s market
- Avoid these 5 homebuying blunders!
- The 80/20 rule for buying a home
"With this buyer’s market, I’m
dying to finally buy a home, but my work schedule is crazy and I’m constantly
out of town on business. What things require me to be here?"
***ANSWER:
You can do absolutely everything long distance, via phone, fax, email, and
FED-X.
But I strongly recommend you show up live to actually look at homes (which I bet
you were planning to do) and for your home inspection.
On the inspection, there’s a difference between reading a report versus seeing
with your own eyes what the inspector finds and asking the inspector questions
on site and seeing the answers.
"Hi Gary. We’re trying to choose an agent to
sell our home in UTC. One of them suggested a higher price, but I’ve never heard
of his company. The other is with XXXX [a large firm], so he’s probably pretty
good. Who do you think we should go with?”
***ANSWER (Part 1 of 3):
First, let me remind you that I’m a full-time Realtor myself and would be happy
to help you. That being said, let’s start off by having you take this quick
quiz:
Which is the best way to choose your agent?
Y / N 1. Suggested highest price
Y / N 2. Most likeable
Y / N 3. Lowest fee
Y / N 4. Best presentation
Y / N 5. Is a friend
Y / N 6. Works for known firm
Y / N 7. Works at a big office nearby
Y / N 8. Was referred
Y / N 9. Isn’t too busy
Y / N 10. Sitting at your kitchen table at the right time
Answer: None of the above.
None of them give you even the smallest clue about the agent’s skills or track
record.
The worst agent on earth could suggest the highest price, be likeable, charge
less, present well, be a friend, work for a known firm or big office nearby, be
referred, have lots of time on their hands, and/or show up at the right time.
Number 8 could carry some weight if the referring party actually used the agent,
though that may reflect their performance in only one transaction.
So how DO you choose an agent to sell your home? There’s one, and only one, way…
The agent’s PERSONAL track record of success.
Not the national firm’s, not the local office’s, but HIS or HER own track
record.
Next week: 5 secondary things to look for in addition to track record.
Investing or Financing Question
"We just bought a fixer-upper
house to fix and flip. The repair work is about done. We want to sell it and buy
another and not loose a lot of $$ to the taxman. Can we do one of those 1031
exchanges so we don’t pay no taxes?"
***ANSWER:
Two excellent real estate agents that used to work for me bought a fixer-upper
house a few years ago. They told me they were going to “1031” the money into
another house and do the same thing.
Unfortunately, I had to break the bad news.
To be eligible for a 1031 tax-deferred exchange, The IRS says a property must be
“held for investment, business, or use in a trade”.
That means it can’t be held for resale. The IRS says that makes you a real
estate “dealer” and you’re not eligible for a 1031 exchange.
To be eligible, you’d have to intend to rent the property out. And the best way
to show that intent is to actually rent it out, for a good year or more.
So, I’m sorry to tell you I don’t think you can do an exchange on your fix and
flip house.
Please consult your tax professional.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Oceanside Seabreeze Home
BR/BA: 2/1.5 Sqft:1,280 Price:$249,900 |
|
For more information on this Delightful Home 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
- El Cajon – Bank-Owned Foreclosure! 4BR/2BA house on large 11,300sqft lot w/ pool & garage. Price TBD. Contact Me
- La Jolla – Bank Owned Foreclosure! Upgraded 3BR/2BA, 1-story house on culdesac in “Windemere.” $900s? Contact Me
- La Jolla – Stunning remodeled home w/ spectacular canyon views, family room, pool, more. Price TBD. Contact Me
- La Mesa – Adorable 2BR home w/ detached room & garage. Huge yard, hardwood flrs, more. Around 400K? 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
- National City – Bank-Owned Foreclosure! Vintage Victorian home built 1864! 4BR/3BA, 1852sqft: $400s? 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
- 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! Cheap 1BR condo in “Arbor Hill”. Recent conv w/ granite, etc. Hi $100’s!? Contact Me
- Oceanside – Bank-Owned Foreclosure! Newer 4BR/2.5BA house w/ huge yard, panoramic views. Lo/Mid $500’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
- 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
- Ramona – Bank-Owned Foreclosure! 2181sqft 3BR house on 6 full acres of horse property. $700s? Contact Me
- Rancho Penasquitos – Bank Owned
Foreclosure! 4BR/2.5BA house. More details to follow. $600ish?
Contact Me
- Scripps Ranch – Bank Owned Foreclosure!
Stunning newer 4BR 2536sf home, many upgrades. $700?
Contact Me
- Scripps Ranch – Bank-Owned
Foreclosure! Sharp 4-yr-new 3BR/2.5BA condo w/ yard, patio, dbl
garage. Hi $400s.
Contact Me
NEWLY LISTED (Your Property Here!)
- Logan Heights – Bank-Owned Foreclosure! 2800sqft HEAVY fixer-upper house w/ garage, curb appeal, big lot. $510,000. View Pictures and Features
- Mission Valley – Bank Owned Foreclosure! 1BR condo, 604 sqft, tennis, pools, near Qualcomm. $200? Contact Me
- Oceanside – Bank-Owned Foreclosure! Affordable 2BR/1.5BA 1280 sqft condo w/ garage (rare @ this price!). $249,900 Property Information
- Oceanside – Newer 3BR/2BA home in Williams Ranch w/ private yard. Near new middle school and community park. 420-450K! Contact Me
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
- SOLD/Del Cerro – Huge 1445 sqft 3BR/2.5BA condo, newer condo conversion w/ granite. Near SDSU, trolley, hospital. 309-339K Other Listings
- 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! Remod 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
- Mission Valley – Short Sale! Oversize 2BR/2BA condo near USD, YMCA. Security parking for 2 cars. 360-400K. Find Out More
- Mission Valley – CHEAP 1BR end-unit condo w/ golf course vu in gated community! Ideal starter investment or 1st home. 185K! See For Yourself
- Nestor – Bank Owned Foreclosure! 3BR/2BA, 1224 sqft condo w/ large patio, near pool & playground. Just 305K! More Info
- Paradise Hills – Bank Owned Foreclosure! 3BR/2BA 1183sqft condo w/ large covered patio. $300? Check It Out
- Rancho Bernardo – Bank Owned Foreclosure! 4BR/2BA 1913 sqft house on culdesac. New paint/carpet/granite. $579,900! See What Its Like
- 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
- San Marcos – Bank Owned Foreclosure! Stunning view house, 2259 sqft, 3BR/3BA, built 2003. Mid$500s? Contact Me
- Tierrasanta – Bank Owned Foreclosure! 4BR/2.5BA 2592 sqft fixer house on quiet street. Bargain at $634,900! Free Info About the Home and OPEN HOUSE
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 Adam
R. for referring a client to buy a home…
Thank you Benjie H. for referring a friend 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 -- 3,100+ Homes Sold
Gary Kent Team --- RE/MAX Associates
(858)457-KENT --- (858)457-5368
GaryK@GaryKent.com -- http://www.garykent.com/
If a friend would enjoy this enewsletter, forward it to them. To subscribe, email Subscribe@GaryKent.com with "subscribe" in the subject line.
