Issue #257
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Hello again. This week we’ve got some great questions on tap for you: Is it
time to buy a home yet? Should you make repairs for a buyer? What about no-doc
loans? …We’ve got 45 people signed up for our free March 31 seminar:
How To Buy A Home In
San Diego. Still have room, but seats are going fast!
U.S. Cities Ranked: Top 10
Cities To Buy In Now…
According to CNN/Money.com, these 10 markets offer great opportunities for
those who have the patience to buy and hold.
1. Panama City, FL
2. Vero Beach, FL
3. Bridgeport, CT
4. Lakeland, FL
5. McAllen, TX
6. San Luis Obispo, CA
7. Wilmington, NC
8. Manchester, NH
9. Fort Collins, CO
10. Atlanta, GA
For more info & profiles on each city, go to:
cnn.com
Next Week: 7 Most popular international 2nd-home markets
You Know You’re In San Diego When…
…Your home is worth more than some small countries~
(Got one of your own? Email it to me.)
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.
Mortgage Rate Since 1971
We’re spoiled! Mortgage interest rates today are in the 6’s, and you and I think
that’s just “OK”. Take a look at the peak rates for these years:
FREE MLS Online Search For A San Diego or Riverside Home
To search for a home right now, click here: Free MLS Homesearch
This Week’s Free
Offer:
ANNOUNCING: Free 30-Day Test Drive For Homesellers
You take a huge risk of getting tied up in a long-term listing with a bum agent.
To eliminate this risk, when you or someone you refer lists a property with me
in the next month, I'll include my "30-Day Test Drive Guarantee."
Try my services a full 30 days. If your home isn’t sold and you’re not 100%
happy, you can end our agreement--no questions asked. To talk about selling,
refer someone, or find out more, call me asap at (858)457-KENT...that's
858-457-5368.
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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
To RESERVE YOUR SEAT NOW for this free presentation, click here or call (858)457-KENT!
"Hi Gary. My wife and I want to
buy a home here in San Diego. We’ve been sitting on the sidelines, watching the
market, watching what prices do. We’re really seeing much cheaper prices on
homes lately. Do you think the timing is right to buy a home now?"
***ANSWER:
Excellent question, and probably the most common one people ask me.
Now let’s first lay my cards on the table. No secret to you that I’m a full time
Realtor, (not just a guy who writes newsletters). And, whatever the market, the
mantra of everyone in the biz is that it’s always a great time to buy a home.
That being said, I DO think it’s a pretty darn good time. Here’s why:
1. Prices are DRASTICALLY lower than their late 2005 peak, down by 5% to 20%. So
if you ignore the unrealistic sellers trying to sell for 2005 prices, you can
get find some great deals.
2. Many sellers will pay your closing costs to help you buy their home. We’re
talking $5,000, $15,000, even $20,000 in savings.
3. We’ve seen a clear jump in activity since November. I now get multiple offers
on 1 of 4 homes I list. While this has not pushed prices up (good for you), this
increased demand is supporting prices and may signal that we’ve hit bottom. And
isn’t that the best time to buy.
So there’s my only slightly biased answer to your question.
"When I sell my home, I plan to sell it As Is. It’s not my job to make repairs
for some buyer. If they don’t want to buy my place, that’s tough. I’ll just sell
it to someone else.”
***ANSWER:
Whoah. Simmer down now. Take a breath…and let it out. That’s better.
Now, to my answer (though you didn’t ask a question):
When I represent someone selling a home or other property, unless they really
gave the store away on the price, I recommend they be open to making some
sensible repairs.
As my fabulous assistant Gloria of 13 years says, “A new buyer means a new
list.”
Meaning, if you lose a buyer because you won’t make reasonable needed repairs,
the next buyer is likely going to present you with their list of requested
repairs. So you might as well deal with it now and agree to some repairs with
the buyer you have.
Investing or Financing Question
"Is it really true
that with a no-documentation loans that you can just claim any income and obtain
any size loan? That must be why there are lots of foreclosures now."
***ANSWER:
No and yes.
No doc loans have to make some sense to the loan underwriter (decision maker).
I once received an offer on my client’s home and the buyer was a gardener who
was claiming $10,000 per month income in order to qualify. Of course, he could
have been the preferred gardener of scores of the rich and famous of San Diego.
But he wasn’t.
And the underwriter shot him down.
But you’re right about the foreclosures. Some of the people losing their homes
did exaggerate their income, only to find that they couldn’t make the payments
because they didn’t make the money they said they did.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
 |
Luxury Remodel Clairemont Home
OPEN HOUSE Sun. 3-25-07 BR/BA:
3/2 Sqft:1,611 Price:$585,000 |
|
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 – Enjoy jaw-dropping panoramic
unobstructable bay, ocean, city, nightlight views! Great area. $800ish.
Contact Me
- Bay Park – Gorgeously fully remodeled 5BR/3BA view home on quiet street in
great neighborhood. Dbl garage. $800s.
Contact Me
New - Chula Vista –
Bank-Owned Foreclosure! 3BR/2BA house in Pepper
Tree area on huge .7 acre lot!
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! 4BR/3BA 1614 sqft home in quiet neighborhood. Lo $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! 1BR/1.5BA ground-floor condo with direct street entrance.Price
TBD
Contact Me
- El Cajon – Bank-Owned Foreclosure! 4BR/2BA house on large 11,300sqft lot w/ pool & garage. Price TBD. Contact Me
– Escondido – Bank-Owned Foreclosure! Remodeled 3BR/2BA end-unit condo w/ gas FPL. Price TBD. Contact Me
- La Jolla – Stunning remodeled home w/ spectacular canyon views, family room, pool, more. Price TBD. Contact Me
- La Jolla – Highly upgraded ocean vu home w/ granite, hardwood, marble, new roof, new windows, new MBA. 2M+? 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
New - National City – Bank-Owned Foreclosure! Triplex / 3-unit building: two 2BR + one 1BR. Updated. Hi500s? Contact Me
- National City – Bank-Owned Foreclosure! Vintage Victorian home built 1864! 4BR/3BA, 1852sqft: $400s? Contact Me
- North Park – Upgraded 2BR/2BA townhome w/ garage, hardwood floors, large bedrooms. Very high $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! 3-yr-new, 3BR/2BA,
2069sqft house on culdesac. Price TBD.
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
- Paradise Hills – Bank-Owned Foreclosure! 3BR/2BA 1373sqft condo w/ 2-car garage. Price TBD Contact Me
- Pt Loma – Bank Owned Foreclosure! Cute 2BR, 1227sqft house w/ garage, 6500sqft lot. High $600’s? Contact Me
– Poway – Bank-Owned Foreclosure! Spectacular Green Valley home on huge lot & tree-lined street. Price TBD. Contact Me
- Ramona – Bank-Owned Foreclosure! 2181sqft 3BR house on 6 full acres of horse property. $700s? Contact Me
– Rancho Bernardo – Bank-Owned Foreclosure! Newer beautiful 3BR/2BA manufactured home. Hi $300s?. Contact Me
- Rancho Penasquitos – Bank Owned Foreclosure! 4BR/2.5BA house. More details to follow. $600ish? Contact Me
– San Carlos –
Bank-Owned Foreclosure! 5BR/3.5BA, 2300sqft
home w/ fam room, solar pool. Hi $500s?
Contact Me
- Scripps Ranch – Bank Owned Foreclosure!
Stunning newer 4BR 2536sf home, many upgrades. $700?
Contact Me
New – University
City – Nicely updated 3BR/2.5BA 1380sqft condo w/ large stamped concrete
patio, more! 430-465K
Contact Me
New - University City – Fully redone luxury
3BR home w/ large private backyard. Great neighborhood. Lo/mid-$600s?
Contact Me
NEWLY LISTED (Your Property Here!)
|
Too New For Photo! |
New - Bay Park – Enjoy heart-stopping, unobstructable ocean, bay, & city lights views! 3BR/2BA house, great area. 800-840K Contact Me |
 |
New - Clairemont – Stunning luxury remodel 3BR/2BA w/ 600sqft MBR suite w/ side office, new maple/granite kitchen, 585-620K! Pictures |
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
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- Chula Vista – Bank Owned Foreclosure! 8yr-new Rancho Del Rey townhome w/ dbl garage, gated community. $416,900! See For Your Self |
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SOLD- Clairemont – Bank Owned Foreclosure! Updated & upgraded 3BR/2BA house w/ garage. Priced for quick sale @ $454,900! Contact Me |
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- Clairemont – Bank Owned Foreclosure! West Clairemont 2BR townhome w/ garage, large living room, patio. Reduced: $265,900 Search MLS |
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- Downtown – Bank Owned Foreclosure! 2BR 2nd-floor condo in historical & famous CORTEZ HILL. Reduced to $495,000 Check It Out |
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- Downtown – Bank Owned Foreclosure! 2-year-new 2BR/1BA high-rise condo w/ views in the hip “Acqua Vista”. $549,900. See The View |
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- Encanto – Upgraded 3BR/1.5BA home with oversize grassy backyard & double garage. Priced for quick sale at 369-400K View Details |
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- 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 |
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- La Jolla – Bank Owned Foreclosure! Upgraded, spacious 3BR/2BA 1-story house on culdesac in “Windemere.” $959,900! Contact Me |
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- La Jolla – Bank Owned Foreclosure! Remod 3BR/2BA penthouse ocean vu condo 2 blks to beach. Hdwd flrs. $569,900! Contact Me |
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- La Mesa – Bank Owned Foreclosure! 3BR house on quiet street with big yard. $2500 closing cost credit. $376,900. Search The MLS |
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NEW - Lakeside – Bank-Owned Foreclosure! VERY affordable 1BR condo. Starter home or great investment! Just $142,900! Take A Look |
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- Logan Heights – Bank-Owned Foreclosure! 2800sqft HEAVY fixer-upper house w/ garage, curb appeal, big lot. $510,000 View Pictures and Features |
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- Mira Mesa – Bank Owned Foreclosure! 2BR/1BA condo, 913 sqft, lovely complex near I-15. Priced attractively @ $249,900. Contact Me |
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- Mission Valley – Short Sale! Oversize 2BR/2BA condo near USD, YMCA. Security parking for 2 cars. $333,550. Find Out More |
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- Mission Valley – CHEAP 1BR end-unit condo w/ golf course vu in gated community! Ideal starter investment or 1st home. 185K! See For Yourself |
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- Mission Valley – Bank Owned Foreclosure! 1BR condo, 604 sqft, tennis, pools, near Qualcomm. $216,900! Contact Me |
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SOLD - Nestor – Bank Owned Foreclosure! Stunning 4-yr-new 4BR/3BA 2422sqft house near park. GREAT price @ 515K. Free MLS Search |
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- Nestor – Bank Owned Foreclosure! 3BR/2BA house: family room, dbl garage, tile throughout. Just $454,900. Take A Look For Your Self |
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- Nestor – Bank Owned Foreclosure! 3BR/2BA, 1224 sqft condo w/ large patio, near pool & playground. Reduced 295K! More Info |
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- North Park – Bank Owned Foreclosure! Charming 2BR Spanish house, hardwood floors, garage. $445,000. This Could Be Your Home |
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- Oceanside – Bank-Owned Foreclosure! Cheap 1BR condo in “Arbor Hill”. Recent conversion w/ granite, etc. $184,900! Property Information |
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- 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! Find Out More |
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- Oceanside – Bank-Owned Foreclosure! Newer 4BR/2.5BA house w/ huge yard, panoramic views, great area. $579,900 Search The MLS |
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- Pacific Beach / Crown Pt– Bank Owned Foreclosure! Remodeled 2BR/2BA w/ bay/city views. Walk to bay! $434,900. Find Others Like It |
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- Paradise Hills – Bank Owned Foreclosure! 3BR/2BA 1183sqft condo w/ large covered patio. $314,900. Check It Out |
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- Pt Loma- Bank Owned Foreclosure! Very affordable 2BR house on quiet cul-de-sac street. Loads of potential. $507,900! Access More Information |
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- Rancho Bernardo – Bank Owned Foreclosure! 4BR/2BA 1913 sqft house on culdesac. New paint/carpet/granite. Now $564,900! See What Its Like |
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- 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 |
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- San Marcos – Bank Owned Foreclosure! Stunning near-new 3BR/3BA, 2259sqft view house, gated community. Reduced to $564,900. Find Out More |
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- Scripps Ranch – Bank-Owned Foreclosure! Sharp 4-yr-new 3BR/2.5BA condo w/ nice yard, patio, dbl garage. $454,900! More Info |
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- Tierrasanta – Bank Owned Foreclosure! 4BR/2.5BA 2592 sqft fixer house on quiet street. Reduced to $614,900! Free Info About the Home |
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
(agent) Kathy E. for referring a friend to sell a home…
Thank you Jeff W. for referring someone to sell their home…
Thank you Jeff W. for referring someone else to sell their home…
Thank you Julia G. for referring another client to sell a home…
Thank you (agent) Joe A. for referring a client to sell a home…
Thank you Julia H. for referring a friend’s son 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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