Issue #260
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Saturday’s “How To Buy A Home In San Diego – 2007” seminar was a smashing
success. Thanks to all who attended! A special thank you to the mother/daughter
who flew in from Phoenix just for my seminar. CDs of the seminar should be
available soon. …We’ve got a eleven new properties for you this week, including
a luxurious newly built 5500 square foot mansion!
Thank You
Just got word that in 2006 once again my team was fortunate to be #1 in all of
San Diego County for RE/MAX. Thank you
for your business, support, and referrals of your friends and family. We
couldn’t have done it without you!
U.S. Cities Ranked: Top 10
Foreclosure Markets
Here are the cities with the highest % of homes in foreclosure according to
RealtyTrac:
1. Greeley, CO
2. Detroit, MI
3. Miami, FL
4. Indianapolis, IN
5. Ft. Lauderdale, FLDenver, CO
6. Denver, CO
7. Dayton, OH
8. Dallas, TX
9. Fort Worth, TX
10. Atlanta, GA
Next Week: Top 5 “Bubble-Proof” Markets
Dracula’s Castle For Sale?
This castle in Transylvania was owned by the 15th century medieval man who
inspired the “Dracula”. And now you can own it for a cool $78 million.
Click here to find out more.
You Know You’re In San Diego When…
…You can correctly pronounce La Jolla, Rancho Penasquitos, San Ysidro, Otay
Mesa, Jamacha, Jamul, Cuyamaca, and El Cajon~
(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.
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:
FREE daily "MARKETWATCH™ email of the best homes in your area & price as
soon as they’re listed. Tired of calling ads just to find out the home is
already sold?! Did you know only 7% of the homes for sale are advertised in the
paper? Our free MARKETWATCH™ program alerts you to the hottest new listings as
soon as they hit the market. And it’s free! To get your free subscription, call
858-457-KENT.
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Remember to email your questions, comments, compliments, corrections, critiques, & rebuttals to Questions@GaryKent.com.
(None currently scheduled. Please check back.)
"My wife and I rent and there’s
been a house for sale down the street. After driving by it for 4 months, we
decided to make an offer. When we did, suddenly the seller’s agent said he had
another offer. It seems all too coincidental. How often do agents lie and say
there’s a second offer just to make someone pay more?"
***ANSWER:
Not often, though I know it happens occasionally.
Recently, I was showing homes to some great clients. We made an offer on a
stunning home that had literally been for sale for most of 2 years. The next day
the seller’s agent said she had a second offer.
My clients were understandably dubious and basically said, “Fine, if there
really is another offer, let them buy it.”
And that’s just what happened.
…OK, so WHY the heck does a home sit for months and suddenly attract two or
three offers at the same time?
My theory is that sometimes there’s a perfect storm of short term supply/demand
fluctuations. Suppose:
John Smith has had his home for sale for 3 months.
It’s a little overpriced and getting no real interest. There’s a similar home
down the street, one around the corner, and a third one two blocks away, all for
sale.
John decides to drop to a reasonable price.
In the next couple of weeks, two of the competing homes sell and the third takes
his off the market. No new listings take their place. John has the only house in
his category for sale in the area. About that time two new couples become
interested in the neighborhood and…
…Suddenly John has two offers on his house!
That’s my theory. And I’m sticking to it.
"Question: What repairs do you have to make when you sell your home?”
***ANSWER:
Less than you may think. The only legal requirements are having your water
heater correctly strapped, and working smoke detectors up in all “sleeping
areas.” That’s it. Here are some other items you’re NOT legally required to do,
though most homebuyers expect them:
Low-flow Toilets–
The City of San Diego used to require that all toilets were low flow when a home
sold. The law changed, allowing an owner to “transfer responsibility” to the
buyer.
Termite / Pest Control Clearance–
Contrary to popular belief, it’s not required by law or for most loans.
Health & Safety–
There’s no requirement for health and safety issues to be corrected.
Systems In Working Order–
Up until some 10 years ago, the standard California purchase contract required
plumbing, heating, etc. to be operative.
Investing or Financing Question
"I recently
refinanced my condo and bought a car. For some reason my FICO score was lower
when my lender ran it. My lender pulled it at 672, then my car dealer pulled it
at 691 two weeks later. Did applying for a mortgage loan increase my score? I’ve
heard it does the opposite."
***ANSWER:
The whole world of credit scores is a little odd.
For example did you know your credit score is probably higher when you check it
yourself as a consumer (such as on FreeCreditReport.com) than when your lender
checks it?
Here’s how one lender explained all this to me:
A consumer inquiry gives you the highest scores. An auto dealer’s is lower. And
a mortgage lender typically gives you the lowest of all--often 40+ points below
a consumer inquiry.
Why the difference?
Each of the three credit bureaus has a number of formulas they use to determine
your score. They all take into account length of credit history, types of
accounts, balances compared to limits, derogatory info on those accounts, and
other reported derogatory info reported like bankruptcies, collection accounts,
tax liens, and judgments.
The particular formula used is determined by the type of inquiry. Auto inquiries
use the formula for auto loans. Mortgage inquiries use a formula designed for
mortgage lenders. Because mortgages involve so much money, they use the
strictest scoring formula, resulting in the lowest scores.
Does that clear things up for you? Not for me!
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
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THIS WEEK'S FEATURED PROPERTY! | |
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Beautifully Remodeled
Open House Sun. 4-8-07 BR/BA:
3/1 Sqft:1,008 Price:$429,000 |
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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
New – East San Diego – Bank-Owned Foreclosure! 2BR condo in gated community w/ security guard, pool. Low $200s 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
New - La Jolla – Bank-Owned Foreclosure! Spectacular 2-yr-new 5541sqft 6BR mansion w/ sweeping views. 2.7M? 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
New - Lakeside –
Bank-Owned Foreclosure! Cheap, cheap, cheap 1BR condo in nice
complex. Low 100s!!
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!
Handsome 3BR/2.5BA detached home w/ dbl garage. Low $400’s?
Contact Me
- Oceanside – Bank-Owned Foreclosure! Stunning 2-yr-new 3210sqft home w/ spectacular views! Price TBD. Contact Me
New – Paradise Hills – Bank-Owned Foreclosure! 3BR/2BA on spacious 9,000 sqft lot. Large BRs & kitchen. Price TBD 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
- Ramona – Bank-Owned Foreclosure! 2181sqft 3BR house on 6 full acres of horse property. $700s? 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
– University
City – Nicely updated 3BR/2.5BA 1380sqft condo w/ large stamped concrete
patio, more! 430-465K
Contact Me
- University City – Fully redone luxury
3BR home w/ large private backyard. Great neighborhood. Lo/mid-$600s?
Contact Me
- Vista – Bank-Owned Foreclosure!
4BR culdesac home w/ gleaming hardwood flrs + oversize backyard. Mid-400s
Contact Me
New - Vista – Bank-Owned
Foreclosure! Cute 2BR cottage w/ white picket fence, 2-car garage,
big yard. 400-ish?
Contact Me
NEWLY LISTED (Your Property Here!)
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New - Clairemont – Remodeled light & airy 3BR house w/ granite, travertine, large grassy bkyd, quiet street & more! 429-470K See For Your Self |
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New - Clairemont – Low-priced fixer-upper 3BR/2BA house on quiet street. 2-car garage and grassy backyard! 430-465K Check It Out |
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New – East San Diego – Cute, updated 2BR house w/ garage and huge backyard. Central, near 94 freeway. $364,900 View Details |
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New - La Jolla – Enjoy wonderful ocean & city views from this Hidden Valley area 4BR/3BA house w/ 3-car garage. $1.75-1.9M Look For Yourself |
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- Mira Mesa – Bank Owned Foreclosure! 4BR/2.5BA 1804sqft house w/ spa. Priced to sell at $539,900. View Pictures and Features |
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- Oceanside – Bank-Owned Foreclosure! Immaculate 3-yr-new 3BR/2BA + xtra room, 2069sqft house on culdesac. $514,900 Find Out More |
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- Oceanside – Bank Owned Foreclosure! Sunny & bright 4BR/2.5BA home w/ sweeping views & large bkyd. $524,900 This Could Be Your Home |
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– Poway – Bank-Owned Foreclosure! Spectacular Green Valley home on huge lot & tree-lined street. Price TBD. Property Information |
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– Rancho Bernardo – Bank-Owned Foreclosure! Newer beautiful 3BR/2BA manufactured home. Hi $300s?. Contact Me |
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- Rancho Penasquitos – Bank Owned
Foreclosure! 3BR/2.5BA house on corner lot in desirable
neighborhood. 595K See For Yourself
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MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
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- Bay Park – Enjoy heart-stopping, unobstructable ocean, bay, & city lights views! 3BR/2BA house, great area. 800-840K Check Out The View |
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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 – Stunning luxury remodel 3BR/2BA w/ 600sqft MBR suite w/ side office, new maple/granite kitchen, 585-620K! Find Others Like It |
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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. Now $1.499M 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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SOLD- 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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- Lakeside – Bank-Owned Foreclosure! VERY affordable 1BR condo. Starter home or great investment! Just $134,900! 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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- Mission Valley – Short Sale! Oversize 2BR/2BA condo near USD, YMCA. Security parking for 2 cars. A great value at just 358K. 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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- 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!). Reduced $237,900 Property Information |
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- Oceanside – Newer 3BR/2BA home in Williams Ranch w/ private yard. Near new middle school and community park. Reduced: 399-429K! Find Out More |
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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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SOLD - 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. Search The MLS |
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- San Marcos – Bank Owned Foreclosure! Stunning near-new 3BR/3BA, 2259sqft view house, gated community. Reduced: $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 Judy G. for referring a client to buy a home…
Thank you agent Jeff M. for referring someone to buy a home…
Thank you Jeff W. for referring someone to sell a home…
Thank you agent Ana R. for referring someone 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/
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Due to production and shipping expense, free items are available only to residents, owners, and people planning to purchase real estate in San Diego.
