Issue #268
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Hello and happy Friday to you. Got thirteen(!) new foreclosures for you,
including five that didn’t sell at the big auction that took place last month.
…I’m proud to tell you that once again my team and I were #1 in San Diego County
for RE/MAX in the first quarter of 2007. …Remember to email your funny,
surprising, or interesting True Stories to me at TrueStory@GaryKent.com. …We’ve
got a real estate auction of bank foreclosures coming up in two weeks. For more
info,
click here.
True Story: The Big House
We were sitting in the woman’s living room, discussing selling her home.
Suddenly she looked past me, over my shoulder and out the window, and exclaimed,
“That might be my husband. He’s getting out of prison today and he swore he was
going to off me when he got out.” (Memo: “off” as in “knock off”). For reasons
I’ll never know, I did not high tail out the back door and hop the fence.
Instead, I foolishly hung in there and she signed the papers. Interestingly
enough, the husband did NOT “off” her. In fact, he signed the papers a few days
later…and actually turned out to be one heck of a nice guy. Go figure. (Like
last week, once again I escape near-certain death to serve my clients...)
U.S. Cities Ranked: Top 10
U.S. Cities To Live 2007
Below are the top 10 cities on Relocate-America.com's "America's Top 100 Places
to Live for 2007":
1. Asheville, NC
2. Traverse City, MI
3. Ithaca, NY
4. Chicago, IL
5. Cary, NC
6. Portland, ME
7. San Francisco, CA
8. Stevens Point, WI
9. O'Fallon, MO
10. Spencer, IA
Next week: Cities with the rudest drivers.
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.
You Know You’re In San
Diego When…
…Your high school had a surf team~
(Got one of your own?
Email it to me.)
FREE MLS Online Search For A San Diego or Riverside Home
To search for a home right now, click here:
Free MLS Homesearch
Help wanted...Again!
We need another assistant for our REO (Real Estate Owned) department. If you
are comfortable with computers and the internet and have some real estate and/or
appraisal experience, please send a copy of your resume to
kevin@garykent.com
Please make sure to put "REO ASSISTANT" in the subject line.
This Week’s Special
Offer:
FREE DVD: How To Sell Your Home &
Buy Another
There's 5 ways to coordinate buying a home while selling your old one. One
is best. Another's a recipe for disaster. Discover the pro's and con's of each +
smart buying & selling tips. This DVD is a must if you're making a move in the
next 12 months. You'll learn:
- Which of the 5 strategies works best for YOUR needs
- Don't be forced to give your home away for a quick sale
- The $5,000-$50,000 trap in the small print most people overlook
- Pricing to get top $$ for your home (it’s not what you think!)
- The HUGE MISTAKE agents make when juggling 2 closings
- Find out what your home will REALLY sell for in today's market
- How NOT to get stuck paying mortgages on 2 homes
- When is the very best time to list your home?
- Avoid being the "contingent buyer" sellers hate to sell to
- How do bridge loans work? Should you get a "HELOC" instead?
Call (800)748-1340 to have this sent to you FREE via mail. Call 24 hours / 7
days a week; free recorded message. It 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.
None currently scheduled. Please check back.
"Gary, do all homes have to be
tented for termites before you buy them?"
***ANSWER:
No. It depends on a few things:
1. What does your contract say?
There’s no law that says a home must be free and clear of termites when it’s
sold. Most people buying a home expect it to be and put that in the contract.
But if you don’t put it in, it won’t happen.
2. Does the home actually have termites?
Many homes (I guess over 50%) have no termites.
3. What kind of termites?
“Drywood” termites, the kind that fly in swarms, are usually killed by tenting.
But “subterranean” termites, that mainly live in the ground and in “mud tubes”,
are killed by injecting poison in the ground.
4. Where are the termites?
If you have drywood termites in isolated, accessible areas, often a less
expensive “local treatment” can be done instead of tenting.
5. What about alternative methods?
There are other legitimate options to kill drywood termites when a local
treatment isn’t sufficient. The ones I’m familiar with are freezing,
microwaving, and (believe it or not) electrocution.
"I'd like to sell my Clairemont
condo and buy a little house in P.B. An agent said I could do a tax-deferred
exchange and buy another home without paying any taxes. Is that correct?"
***ANSWER:
A little knowledge can be dangerous.
The agent was trying to help, but applied rules for investment property
("tax-deferred exchange") to your principal residence. That doesn't work and
will get you audited.
Fortunately, I’ve got some good news…
If you’ve owned and lived in your home for at least 2 of the past 5 years, you
can exclude up to $250,000 of your gain ($500,000 for couples).
And you there are exceptions to the 2-year rule. If you've had a major change in
your job, health, finances, or family size, situation, or responsibilities, you
may be eligible to sell before the 2 years and still defer much or all of your
gain.
I've studied the IRS code, so feel free to call me to discuss your situation and
I'll give you my opinion. BUT I'm not a tax expert, so you should definitely
also talk with your tax professional.
Investing or Financing Question
"Hi Gary, If
someone’s household income was around 85K and they wanted to buy a house valued
at 570K but only need a loan for $410K, are there lenders who would touch this
and bring in a house payment for $1,925 or less?
***ANSWER:
For a 30-year fixed loan at 6.5% rate, they’d be looking at $2,580/mo., NOT
including taxes ($540/mo.) and insurance ($60/mo?).
To get a $1,925/month payment, NOT including taxes and insurance, they’d have to
get a very low start-rate adjustable “negative amortization” (meaning the loan
balance would go UP) that would soon adjust to more than the $2,149, and
increase further later.
These loans are fine for many people who will definitely get a large raise or
increase in income in the next year or two.
But if they won’t be getting that, they should not buy the house.
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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Spectacular BR/BA:
3/2.5 Sqft:
2,156 Price:
$715,000 11853 Evergold St.
|
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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!)
– Carmel Valley –
Foreclosure! Spacious 3BR/3BA “twin home” w/ large yard on quiet
street. Price TBD
Contact Me
New – Chula Vista – Foreclosure! Cute “Eastlake” 2BR/2BA home, a short walk to manmade lake, park, etc. Contact Me
– Chula Vista – Foreclosure! Gorgeous upgraded 3BR/2BA townhome right next to “tot park.” 300K? Contact Me
- Chula Vista – Foreclosure! Cute remodeled 3BR house w/ white picket fence. $300s? Contact Me
New - Clairemont –
Foreclosure! Upgraded 2BR/1.5BA 1097sqft
townhome w/ unusual 3-car garage. Lo 300s?
Contact Me
New - Clairemont –
Foreclosure! “Foxrun” 3BR/2.5BA 1806sqft house w/ 2-car garage, FPL,
high ceilings. Price TBD.
Contact Me
- Clairemont – Foreclosure! 3BR house w/ garage. Quiet street. More info to follow. Lo $400s. Contact Me
- College Area –
Foreclosure! Top-floor 2BR condo: FPL, laundry
in unit, large balcony, low HOA fees. Lo $200s.
Contact Me
- Downtown –
Foreclosure! Tenth-floor 1BR condo
in Acqua Vista. Very low 300s..
Contact Me
- Downtown – Foreclosure! 1BR/1.5BA ground-floor condo with direct street entrance.Price TBD Contact Me
– Downtown – Foreclosure! Luxury 2BR/2BA 1684sqft vu condo in “The Grande.” Lo800s? Contact Me
– East San Diego – Foreclosure! 2BR condo w/ garage! High $100s?? Contact Me
– East San Diego – Foreclosure! 2BR condo in gated community w/ security guard, pool. Low $200s Contact Me
– East San Diego – Foreclosure! Redone 3BR/2BA condo w/ granite, some ocean vu! Hi 200s? Contact Me
– El Cajon – Foreclosure! Spacious 2297sqft 4BR home on 1/2 acre w/ pool, cov’d patio, many extras. Price TBD. Contact Me
– El Cajon – Foreclosure! 2 Units on .56 acres: 3BR house + 1BR cottage. Low 500s? Contact Me
– Encanto – Foreclosure! Stunning, just remodeled 4BR/2.5BA, 1656 sqft home on large lot: just 400K? Contact Me
- Encanto – Foreclosure! Lovely 1-year-new 3BR/2.5BA 1628sqft house, dbl garage. Lo/mid 400s? Contact Me
– Escondido – Foreclosure! Remodeled 3BR/2BA end-unit condo w/ gas FPL. Price TBD. Contact Me
New – Imperial Beach – Foreclosure! 2BR/1.5BA townhome in tropical setting. 2 minutes to beach. Price TBD Contact Me
– La Mesa – Foreclosure! 1572sqft 3BR/2BA home on almost 1/4 acre. Panoramic views! Mid 400s? Contact Me
- La Jolla – Foreclosure! Stunning 3BR view home 1.5 blocks to the beach. $1.3M??? Contact Me Contact Me
New - La Jolla – Foreclosure! 3BR/2BA Mediterranean w/ eat-in kitchen, dbl garage, 1,000sqft patio, FPL. Price TBD. Contact Me
- La Mesa – Bank Owned Foreclosure! Remodeled 5BR/3BA 2537sqft view home on .41 acres. $500s? Contact Me
– Lemon Grove – Foreclosure! Huge 2674 sqft home on oversize 8,900 sqft lot, spacious MBR suite. Price TBD Contact Me
– Lemon Grove – Foreclosure! Newly converted 1008sqft 3BR/2BA condo in attractive complex! Contact Me
New - Linda Vista – Foreclosure! Very affordable 1BR condo, apx 618sqft. 160s? Contact Me
– Linda Vista – Foreclosure! 1646sqft 3BR house. Remod kitchen: granite, cherry cabinets. 400s! Contact Me
– Mira Mesa –
Foreclosure! 3BR/2BA house w/ 2-car garage on
6,000 sqft lot. Mid-400s?
Contact Me
– Mission Valley –
Foreclosure! 2-year-new “Escala” 2BR 1611sqft townhome,
DBL garage. 600K?
Contact Me
New - Nestor – Foreclosure! 5-year-new “Robinhood Ridge” 4BR/2.5BA house w/ beautiful views. Low 500s. Contact Me
– Normal Heights – Foreclosure! 2-yr-new 3BR/3.5BA 1765sqft condo w/ dbl garage. Hi 500s? Contact Me
New – North Park – Foreclosure! 3-Units: 3BR/1BA + two 1BR/1BA. Apx 42K/yr gross income. High 500s? Contact Me
- Oak Park – Foreclosure! Cute, upgraded 2BR cottage w/ garage & large yard
$300’s?
Contact Me
- Oceanside – Foreclosure!
Handsome 3BR/2.5BA detached home w/ dbl garage. Low $400’s?
Contact Me
- Oceanside – Foreclosure! Stunning 2-yr-new 3210sqft home w/ spectacular views! Price TBD. Contact Me
- Pacific Beach – Handsome, woodsy custom house 5 blks to beach. Pool, gourmet kitchen, luxurious MBA. Price TBD Contact Me
- Pt Loma – Foreclosure! Cute 2BR, 1227sqft house w/ garage, 6500sqft lot. High $600’s? Contact Me
- Ramona – Foreclosure! 2181sqft 3BR house on 6 full acres of horse property. $700s? Contact Me
– San Carlos – Foreclosure! 5BR/3.5BA, 2300sqft home w/ fam room, solar pool. Hi $500s? Contact Me
New – San Carlos – Foreclosure! Walk to Mission Trails Park from this 2BR, 806sqft condo. Low 200s. Contact Me
– San Ysidro –
Foreclosure! 3BR 1323 sqft townhouse w/ 2-car
garage. Low 300s?
Contact Me
- Scripps Ranch – Mint La Merida
3-4BR/2.5BA “model home” w/ travertine &
cherrywood floors! Low 700s.
Contact Me
New – Spring Valley –
Foreclosure! Upgraded 3BR/2BA home w/ 2-car garage, a/c, large lot,
lovely yard. Low 400s.
Contact Me
New – Spring Valley –
Foreclosure! Enjoy spectacular views of Sweetwater Reservoir from
this 2BR condo. Low 200s.
Contact Me
– Spring Valley – Foreclosure! 2BR, 1088 sqft townhome. Large kitchen & only 1 common wall! Low $200s? Contact Me
- Spring Valley – Foreclosure! 3BR/2BA home on large lot. 2-car garage. 300s? Contact Me
- Spring Valley – Foreclosure! Sunny 2BR top-floor condo, large deck, laundry in unit. Lo-200s? Contact Me
- Temecula –
Foreclosure!
3BR/2BA house on corner lot. More info to follow. 300s?
Contact Me
– Vista –
Foreclosure! 3 Units. Price TBD.
Contact Me
- Vista – 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 – Tranquil 4BR house w/ spectacular canyon/valley views, on a quiet culdesac: 550-600K Property Information |
|
Too New For Photo |
New – Clairemont/BayHo – Stunning, fully remodeled condo. Brand new kitchen, bath, carpet, paint, flooring, etc. 165-185K Contact Me |
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- Clairemont – Foreclosure! 4BR/3BA 1614 sqft home in Kearney Mesa near shopping & freeways. $459,900 Take A Look |
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Too New For Photo |
New - Lakeside – Foreclosure! Cheap, cheap, cheap 1BR condo in nice complex. Just $126,250! Contact Me |
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New – Mira Mesa – Handsome “Mesa Ridge” house w/ red tile roof. Scripps Ranch High School district. 445-475K More Info |
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New – Spring Valley – Foreclosure! Handsome 3BR/2BA, 1466sqft house on large 8276sqft corner lot. Bargain @ $383,900 View Details |
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
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– Chula Vista – Foreclosure! Stunning 3-year-new 4BR/2.5BA Mediterranean home w/ mountain views: $664,900! Take A Look |
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– Chula Vista – Foreclosure! 4BR, 2019sqft house on culdesac w/ pool, many upgrades! $559,000 Check It Out |
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- Chula Vista – Foreclosure! Newer 3BR, 2.5BA, 1452sqft townhome w/ garage. Reduced again to $369,900. More Info |
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- Chula Vista – Foreclosure! 3BR/2BA house in Pepper Tree area on huge .7 acre lot! Now $469,900 View Pictures and Features |
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- Chula Vista – Foreclosure! 8yr-new Rancho Del Rey townhome w/ dbl garage, gated community. $416,900! Take A Look |
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– Chula Vista – Foreclosure! 2-yr-new 4BR/3BA, 2335 sqft Eastlake Trails house, 3-car garage. $649,900 Find The Answers To Your Questions |
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– City Heights – Foreclosure! You can own this affordable 2BR condo in “Harbor Vista” for only $174,900! Property Features |
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- Downtown – Foreclosure! Newer 1BR/1.5BA ground-flr condo in TREO in Little Italy. Direct street entrance. $424,900! More Info |
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- Downtown – Foreclosure! 2BR 2nd-floor condo in historical & famous CORTEZ HILL. Reduced to $495,000 Check It Out |
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- Downtown – Foreclosure! 2-year-new 2BR/1BA high-rise condo w/ views in hip “Acqua Vista”. Reduced again: $514,900. See The View |
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– East San Diego – Foreclosure! Cute, upgraded 2BR house w/ garage and huge backyard. $359,900 View Details |
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- El Cajon – Foreclosure! 4BR/2BA house on oversize 11,300sqft lot w/ pool, garage, big yard. $479,900. See For Yourself |
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– Escondido – Foreclosure! 5BR/3BA house on large corner lot, 2-car garage, newer paint. $449,900 Take A Look |
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– Escondido – Foreclosure! Cute 2BR house on full 6200 sqft lot w/ big eat-in kitchen and oversize backyard. $343,900. Check It Out |
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– Fallbrook – Foreclosure! Amazing 2-year-new 3704sqft view estate on 5.28 acres! 6-car garage! $1.195M See For Yourself |
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- La Jolla – Foreclosure! Spectacular 2yr-new never-lived-in 5541sqft 6BR custom mansion w/ sweeping views. $2,639,900! Beautiful Pictures |
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- La Jolla - Spectacular 400K remodel w/ hdwd flrs, granite, travertine, spectacular views, pool, more. 1.25-1.35M! Virtual Tour and Open House Info |
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- Logan Heights – Foreclosure! 2800sqft HEAVY fixer-upper house w/ garage, curb appeal, big lot. Slashed 160k $349,888 View Pictures and Features |
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- Mira Mesa – Foreclosure! 4BR/2.5BA 1804sqft house w/ spa. Reduced to $529,900. Find Others Like It |
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- Mission Valley – Short Sale! Oversize 2BR/2BA condo near USD, YMCA. Security parking for 2 cars. Huge reduction: 299-335K. Find Out More |
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- National City –
Foreclosure! Vintage Victorian home
built 1864! 4BR/3BA, 1852sqft. Just $418,900!
Contact Me |
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- Nestor – Foreclosure! 3BR/2BA house: family room, dbl garage, tile throughout. Reduced to $434,900. Find Others Like It |
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- Nestor – Foreclosure! 3BR/2BA, 1224 sqft condo w/ large patio, near pool & playground. Reduced: 295K! Free MLS Search |
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-Normal Heights - Updated 2BR craftsman house w/ FPL, hdwd flors + detached studio cottage; N. of Adams Av. $549,900 Take A Look |
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- North Park – Foreclosure! Charming 2BR Spanish house, hardwood floors, garage. Reduced to $417,500. This Could Be Your Home |
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- Oceanside – Foreclosure! 2BR/1.5BA 1280 sqft condo w/ garage (rare @ this price!). Reduced $237,900 Property Information |
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- Oceanside – Foreclosure! Immaculate 3-yr-new 3BR/2BA + xtra room, 2069sqft house on culdesac. Reduced: $507,900 Property Info |
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- Oceanside – Sunny & bright 4BR/2.5BA home w/ sweeping views & large bkyd. Reduced: $519,900 This Could Be Your Home |
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- Oceanside – Foreclosure! 3BR/2.5BA “Emerald Point” detached home on culdesac w/ 2-car garage. $429,900! Check It Out |
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- Pacific Beach – Dramatic rebuild by owner/designer. Offers turret entry, ocean views, hardwood flrs, more. 1.25-1.35M! More Information |
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– Paradise Hills – Foreclosure! 3BR/2BA on oversize 8,200 sqft lot. Large BRs & kitchen. $429,900 See For Yourslef |
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– Paradise Hills – Foreclosure! 3BR house w/ spectacular bay & city views, bonus room, 2-car garage. $428,000 Take A Look |
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– Paradise Hills – Foreclosure! 3BR/2.5BA townhome w/ nice patio. Priced under market @ $269,900! Free MLS Search |
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- Paradise Hills – Foreclosure! 3BR/2BA 1183sqft condo w/ large covered patio. Price Cut: $296,900! Check It Out |
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- Paradise Hills – Foreclosure! Sharp 3BR/2BA 1373sqft condo w/ 2-car garage. Just $359,900. See For Yourself |
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- Ramona – Foreclosure! Spacious 3077sqft home on a full acre! Vintage home, built 1938. 2-car garage. $509,900! See For Yourself |
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- Rancho Bernardo – Smart 2BR/2.5BA, 1458sqft townhome w/ garage, central a/c, golf course view! 345-405K Contact Me |
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– Rancho Bernardo – Foreclosure! Newer beautiful 3BR/2BA manufactured home. Live in RB for $374,900! Contact Me |
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- Rancho Penasquitos – Foreclosure! 4BR/2.5BA house on corner lot in desirable
neighborhood. Reduced to575K See For Yourself |
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– Rancho Penasquitos –
Foreclosure! 4BR/2.5BA
home w/ family room, 2-car garage, quiet culdesac. $563,000 Find Others Like It |
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- Scripps Ranch – Foreclosure! Sharp 4-yr-new 3BR/2.5BA condo w/ nice yard, patio, dbl garage. Reduced to $429,900! MLS Search |
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- Scripps Ranch – Foreclosure! Stunning newer 4BR 2536sf home on quiet street, many upgrades. Reduced: $783,900! Find Other Homes |
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- Tierrasanta – Foreclosure! 4BR/2.5BA 2592 sqft fixer house on quiet street. Reduced again...a bargain @ $604,900! Contact Me |
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– Tierrasanta – Foreclosure! Beautiful 3-story townhome w/ large 2-car garage. 5 minutes to 52 & 15 freeways. $389,900! More Information |
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– University City – Foreclosure! Newer 1BR condo conversion in The Venetian. Granite, travertine. Two blocks to UTC. $249,900! Find Others Like It |
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– University City – Foreclosure! Sharp 2BR/2BA condo in gated security “Lucera” complex w/ garage, granite. $369,900 See For Yourself |
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- Vista – Foreclosure! 4BR culdesac home w/ gleaming hardwood flrs + oversize backyard. Drastically reduced to$444,400 Check It Out |
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 Kevin & Lori N. for referring a neighbor to sell
a home…
Thank you Kevin J. for referring a friend to buy a home…
Thank you Lilla H. for referring a friend to buy a home…
Thank you Eben P. for referring a friend to sell her home…
Have a great week...
"The Agent You See EVERYWHERE"
All-Time #1 Agent/Team In San Diego County for RE/MAX
Gary Kent Team --- RE/MAX Associates
(858)457-KENT --- (858)457-5368
GaryK@GaryKent.com -- http://www.garykent.com/
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