Issue #273
In This Issue
Welcome / This Week's Special Offer
Welcome To The Latest Issue
Happy Friday the 13th. …Did you click last week’s Photo-Of-The-Week? If so,
got “page not found”. I made a judgment call that the bathroom, while
“memorable”, was also just TOO disgusting to show you. …We have three
foreclosures back that sold at auction but fell through.
“Dracula’s Castle” For
Sale (from the Associated Press)
Archduke Dominic Habsburg, an heir to Romania's former royal family, has put
"Dracula's Castle" in Transylvania up for sale. The Bran Castle, perched on a
cliff near Brasov in mountainous central Romania, is a top tourist attraction
because of its ties to Prince Vlad the Impaler, who inspired Bram Stoker's 1897
novel, Dracula. In recent years, the castle has attracted filmmakers as a
dramatic backdrop for horror movies. The castle is now on sale "to the right
purchaser under the right circumstances," said Michael Gardner of Baytree
Capital, the company representing Habsburg. No price was announced, but Gardner
predicted the castle to would top $135 million.
True Story: Next Time I’ll Ask
For Some I.D.
The young couple called, interested in selling their 2-bedroom North Park
house and wanted to know the value. When I arrived at their home, we had a nice
chat and they showed me through. We then went through the comps (recent sales of
similar homes) and agreed on a list price. But when it came to signing the
agreement to hire me, things suddenly got weird. They began to look very
uncomfortable. After a couple of minutes of awkward stalling, they finally came
clean. It seems they weren’t Mr. and Mrs. (owner’s last name). They were
actually renting the house, but pretended to be the owners so they could find
out the home’s value.
U.S. Cities Ranked: FBI’s
List Of Last Safe / Most Violent Cities To Live In
Per preliminary FBI data, violent crimes per 1,000 people (cities with
populations > 100,000):
1. 26.0 – Flint, MI
2. 24.8 – St. Louis, MO
3. 24.2 – Detroit, MI
4. 19.9 – Memphis, TN
5. 19.8 – Orlando, FL
6. 19.0 – Oakland, CA
7. 18.5 – Miami Gardens, FL
8. 17.8 – Little Rock, AR
9. 17.0 – Baltimore, MD
10. 15.6 – Philadelphia, PA
Last week we saw that Irvine, the safest U.S. city, had only 0.7 violent crimes
per 1,000 people. Flint’s violent crime rate is 37 times that.
Next Week: Most educated metro areas in the U.S.
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This Week’s Free Offer:
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hand you $1,000 at close of escrow. You can call me at (858)457-KENT.
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"My husband and I made an offer
on a home a couple of weeks ago and asked for a termite clearance. The agent
said we should ask for all repairs for Section 1, but not Section 2. When we
asked the agent what the difference was, she didn’t know. Can you tell explain
the difference?"
***ANSWER:
Happy to. In a nutshell…
Section 1 items are current problems, such as termites or dry-rotted wood.
Section 2 items are more preventative. These include “earth to wood contact”
(e.g., a patio post stuck directly in the ground, which may lead to dry rot) or
a “faulty grade level”, when the soil is too high against a structure, which may
lead to moisture entering the structure and doing damage.
"I’m trying to figure out value
range pricing. If I feel my home is worth $500,000, what range would I ask?”
***ANSWER:
Great question.
Your desired price should be around the middle of the range. That allows for an
attractive lower end of the range to draw interest, and a higher range to give
you negotiating room as well as allow for a higher price.
The amount of the range varies. Most agents use about a 5% range. I’ve found 10%
to be much more effective.
So, for your $500,000 home, I’d ask $475,000 to $525,000.
Investing or Financing Question
"I’m seeing lots
of ads touting short sales, most of which seem priced pretty well. Are they good
investments?"
***ANSWER:
[Quick explanation: a short sale is when someone is selling a property with a
loan(s) that exceeds the property value and the owner doesn’t have funds to
cover the shortfall. For a sale to happen, the bank must agree to take a loss,
which they may do if they believe they’ll otherwise have to foreclose on the
property.]
Yours sounds a lot like a question I had a few weeks ago. But the answer bears
repeating as I’m seeing too many clients being drawn like moths to a flame to
short sales that will NEVER close.
Why won’t they close?
It’s a long answer, so bear with me…
If you’re trying to buy a short sale property, you must wait 2-12 weeks after
the offer is accepted to see if the bank will approve their loss.
With plenty of homes to choose from in today’s market, why would you be willing
to wait that long?
You guessed it: to get a bargain.
And that’s why many agents are pricing their short-sales low, often
unrealistically low, in order to generate offers.
But banks are not in the business of losing money (at least, not on purpose). So
they won’t agree to a price way below market value. Maybe a little bit below,
but not much.
So you have what I call the “Short Sale Catch 22”:
It must be a bargain to attract a buyer. But banks won’t agree to a bargain
price.
So the only short sales that get approved (I’d guess 25% of them) are where
either:
- the bank gets a low appraisal and agrees to a low price, OR
- the buyer is willing to pay close to market value
The upshot is that most short sales are pipe dreams. And unless you’ve got a lot
of time to dream, I wouldn’t waste your time.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
|
THIS WEEK'S FEATURED PROPERTY! | |
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Attractive Clairemont
BR/BA:
3/2 Sqft:
2,000 Price:
$570,000 |
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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!)
New – Chula Vista –
Foreclosure! 3BR/1.5BA, 1180sqft townhome. Nice complex w/ pool, play
area. Mid 200s.
Contact Me
– Chula Vista –
Foreclosure! 4BR/3BA, 2021sqft home in great neighborhood. 2-car
garage. 500K-ish.
Contact Me
– Chula Vista –
Foreclosure! Meticulously remodeled 4BR home w/ 4-CAR GARAGE on
9147sqft lot. Mid/hi 400s?
Contact Me
– Chula Vista – Foreclosure! Spectacular newer 5BR/4BA, 3414sqft home w/ 100K in upgrades. Price TBD. Contact Me
– Chula Vista – Foreclosure! Cute “Eastlake” 2BR/2BA home, a short walk to manmade lake, park, etc. Contact Me
- Chula Vista – Foreclosure! Cute remodeled 3BR house w/ white picket fence. $300s? Contact Me
- Clairemont –
Foreclosure! Walk to Clairemont Towne Square movies/shops. 3BR/2BA
house. Lo/mid 400s?
Contact Me
- 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! Gorgeous 1-yr-new 2BR/2BA condo conv. Gated complex. Lo/Mid $200s. Contact Me
– Downtown –
Foreclosure! You’ll love this “West Ash Urban Homes” condo in Little Italy.
Price TBD.
Contact Me
- Downtown –
Foreclosure! Tenth-floor 1BR condo
in Acqua Vista. Very low 300s..
Contact Me
– Downtown – Foreclosure! Luxury 2BR/2BA 1684sqft vu condo in “The Grande.” Lo800s? 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! 2.87 acres (fairly level!) are home to this charming 2BR cottage. Price TBD. 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
– Escondido – Foreclosure! Upgraded 5BR/3BA home on oversize 7700sqft lot. 2-car garage. Low 400s? Contact Me
– Golden Hill Area – Foreclosure! Handsome 3BR/2BA, 1659sqft house on oversize 7100sqft lot. Price TBD. Contact Me
– Hillcrest/Uptown – Foreclosure! Fabulous 2BR 1001sqft cottage on spacious 7958sqft lot; garage. 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! 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! Newly converted 1008sqft 3BR/2BA condo in attractive complex! Contact Me
- Linda Vista – Foreclosure! Very affordable 1BR condo, apx 618sqft. 160s? Contact Me
– Logan Heights – Foreclosure! 3BR/2BA home, probably in the low/mid 300’s. Contact Me
– Mira Mesa – Foreclosure! “Mesa Village” 3BR/2BA, 1239 sqft home close to spool, spa, greenbelt. 300s? 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
– Nestor – Foreclosure! Spacious 3BR/2.5BA 1338sqft townhome near all. Very low 300s? Contact Me
- 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
– 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
- 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
– San Carlos – Foreclosure! Walk to Mission Trails Park from this 2BR, 806sqft condo. Low 200s. Contact Me
New – San Marcos – Stunning newer 4BR/3BA, 2151sqft home w/ 3-car garage, sunny kitchen, great area. Low/mid 500s? Contact Me
– San Ysidro –
Foreclosure! Affordable upgraded 1BR condo near the border. In the
100s!
Contact Me
– San Ysidro –
Foreclosure! Cheap, cheap, cheap 1BR condo near border. Mid/high
100s?
Contact Me
– Spring Valley –
Foreclosure! Fixer-upper 4BR/2BA, 1368sqft home w/ pool on 6534sqft
lot. Hi 300s?
Contact Me
– Spring Valley –
Foreclosure! 3BR/2BA, 1180sqft home. More info
to follow. 200s???
Contact Me
– Spring Valley –
Foreclosure! Upgraded 3BR/2BA home w/ 2-car garage, a/c, large lot,
lovely yard. Low 400s.
Contact Me
– Spring Valley –
Foreclosure! Enjoy spectacular views of Sweetwater Reservoir from
this 2BR condo. Low 200s.
Contact Me
- Spring Valley – Foreclosure! 3BR/2BA home on large lot. 2-car garage. 300s? Contact Me
– Spring Valley –
Foreclosure! Ultimate fixer upper 3BR/2BA house w/ dbl garage. Great
vu. Price TBD.
Contact Me
– Spring Valley –
Foreclosure! 4BR/2BA Rancho San Diego culdesac home w/ canyon & lake
views! 400s?
Contact Me
- Temecula –
Foreclosure!
3BR/2BA house on corner lot. More info to follow. 300s?
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!)
|
Too New For Photo |
– Carmel Valley – Foreclosure! Spacious 3BR/3BA “twin home” w/ large yard on quiet street. New carpet, paint, etc. $599,900 Contact Me |
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New – Chula Vista – Foreclosure! 3BR/1.5BA, 1180sqft remodeled end-unit townhome. $279,900! See For Yourself |
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Sold – Chula Vista – Foreclosure! Hilltop area: Handsome 3BR/2BA house on oversize 7400sqft lot. Below market: $399,900. Find Others Like It |
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- Clairemont – Foreclosure! Upgraded 2BR/1.5BA 1097sqft townhome w/ unusual 3-car garage. $319,900! More Info |
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– Escondido – Foreclosure! Remodeled 3BR/2BA end-unit condo w/ gas FPL. Priced for fast sale @ $289,900. Take A Looke |
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– Pacific Beach – Attractive 3BR/2.5BA, 1430 sqft townhome just a 5 minute walk to the beach or bay: 619-669K. Check It Out |
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Too New For Photo |
New - Poway – Amazing 1.3 acre horse property w/ cute 4BR house in Old Poway near Old Poway Park. 640K-710K! Contact Me |
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
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Auction Sale Failed - 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! Upgraded 2BR/2BA condo w/ garage, large MBR, new carpet, new paint. $269,900. See For Yourself |
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Too New For Photo |
– Chula Vista – Foreclosure! Handsome “Stratford Court” 2BR/2BA condo w/ garage! $289,900. Contact Me |
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– Chula Vista – Foreclosure! Stunning 3-year-new 4BR/2.5BA Mediterranean home w/ mountain views: $629,900! Take A Look |
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– Chula Vista – Foreclosure! 4BR, 2019sqft house on culdesac w/ pool, many upgrades! Reduced 28K to $531,000 Check It Out |
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- Chula Vista – Foreclosure! Striking Newer 3BR, 2.5BA, 1452sqft townhome w/ garage. Reduced again to $369,900. See For Yourself |
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– Chula Vista – Foreclosure! 2-yr-new 4BR/3BA, 2335 sqft Eastlake Trails house, 3-car garage. Cut 50K $599,900 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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- Clairemont (West) – Unique custom 2000sqft remodeled home w/ dramatic vaulted ceilings, lap pool. Lots of light. 570K! Check It Out |
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– Clairemont/BayHo – Stunning, fully remodeled condo. Brand new kitchen, bath, carpet, paint, flooring, etc. 165-185K Check It Out |
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- Clairemont – Foreclosure! 4BR/3BA 1614 sqft home in Kearny Mesa near shopping & freeways. $459,900 Take A Look |
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- College Area – Foreclosure! Top-floor 2BR condo: FPL, laundry in unit, large balcony, low HOA fees. $239,900. See For Your Self |
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- Downtown – Spectacular “City Walk” 2BR/1.5BA condo. Offers loft-style BR, granite, travertine, upgrades: 495-545K! See For Yourself |
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- Downtown – Foreclosure! Newer 1BR/1.5BA ground-flr condo in TREO in Little Italy. Direct street entrance. $414,900! More Info |
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- Downtown – Foreclosure! 2-year-new 2BR/1BA high-rise condo w/ views in hip “Acqua Vista”. Reduced again: Reduced Again: $484,900. See The View |
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– East San Diego – Foreclosure! Bargain! Basic but cute 1BR condo available for a pittance: Just 132K! Take A Look |
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– East San Diego – Foreclosure! Cute, upgraded 2BR house w/ garage and huge backyard. Reduced to: $354,900 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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Reduced - Encanto – Foreclosure! 1-year-new 3BR/2.5BA 1628sqft house, dbl garage, large lot, some views. $460,900. Take A Look |
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– Escondido – Foreclosure! 5BR/3BA house on large corner lot, 2-car garage, newer paint. $427,900 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. $326,900. Check It Out |
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– Fallbrook – Foreclosure! Amazing 2-year-new 3704sqft view estate on 5.28 acres! 6-car garage! $1.095M See For Yourself |
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– Imperial Beach – Foreclosure! 2BR/1.5BA townhome in tropical setting. 2 minutes to beach. $237,500. Property Features |
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- La Jolla – Foreclosure! Stunning 3BR home 1.5 blocks to the beach. Private ocean view deck. Bargain at $1,094,900! Check It Out |
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- La Jolla – Foreclosure! Spectacular 2yr-new never-lived-in 5541sqft 6BR custom mansion w/ sweeping views. Now $2,598,900! Beautiful Pictures |
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- Lakeside – Foreclosure! Cheap, cheap, cheap 1BR condo in nice complex. Just $119,950! See For Yourself |
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– Lemon Grove – Foreclosure! Huge 2674 sqft home on oversize 8,900 sqft lot, spacious MBR suite. $554,900 See What This House Has To Offer You! |
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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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– Mira Mesa – Handsome “Mesa Ridge” house w/ red tile roof. Scripps Ranch High School district. 445-475K More Info |
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- Mira Mesa – Foreclosure! Gorgeous 2-yr-new 2BR/2BA condo conv: granite, travertine, maple. Just $272,900! More Information |
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Reduced - National City –
Foreclosure! Vintage Victorian home
built 1864! 4BR/3BA, 1852sqft. Just $394,900!
Contact Me |
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Reduced - Nestor – Foreclosure! 3BR/2BA house: family room, dbl garage, tile throughout. Reduced to $414,900. 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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Reduced - North Park – Foreclosure! Charming 2BR Spanish house, hardwood floors, garage. Reduced to $399,900. This Could Be Your Home |
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– Ocean Beach – Darling sunny 2BR/1BA detached beach cottage w/ hardwood flrs, Mex pavers, eat-in kitchen. 499K! Beautiful Pictures |
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- Oceanside – Foreclosure! Stunning 2-yr-new 5BR/3BA 3210sqft home w/ spectacular views! $664,900. View Details |
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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 AGAIN: $489,900 This Could Be Your Home |
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Reduced - Oceanside – Foreclosure! 3BR/2.5BA “Emerald Point” detached home on culdesac w/ 2-car garage. Now $395,900! Check It Out |
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Auction Sale Failed
- Oceanside – Foreclosure! 2BR/1.5BA, 1280sqft
“Seabreeze” townhome w/ garage. Cut to $208,900!
Take A Look |
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Auction Sale Failed - Paradise Hills – Foreclosure! 3BR/2BA 1183sqft condo w/ large covered patio. $296,900! See For Yourself |
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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! Sharp 3BR/2BA 1373sqft condo w/ 2-car garage. Just $359,900. See For Yourself |
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– Paradise Hills – Foreclosure! 3BR house w/ spectacular bay & city views, bonus room, 2-car garage. $406,900 Take A Look |
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Reduced - Ramona – Foreclosure! Spacious 3077sqft home on a full acre! Vintage home, built 1938. 2-car garage. $484,900! 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 $349,000! Contact Me |
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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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– San Ysidro – Foreclosure! 3BR 1323 sqft townhouse w/ 2-car garage. $312,000 View Pictures and Features |
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- Scripps Ranch - Mint La Merida 3-4BR/2.5BA "model home": travertine,Brazilian cherrywd floors, formal dining rm. 715-745K Check It Out |
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– Spring Valley – Foreclosure! 2BR, 1088 sqft townhome. Large kitchen & only 1 common wall! $224,900 Property Features |
| Too New For Photo |
– Spring Valley – Foreclosure! Enjoy spectacular mtn & nitelite views! 3BR/2BA home on quiet culdesac. $419,900 Contact Me |
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- Spring Valley – Foreclosure! Sunny 2BR top-floor end-unit condo, big deck, laundry in unit, spacious livg room. $249,900! See For Yourself |
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Reduced – Tierrasanta – Foreclosure! Beautiful 3-story townhome w/ large 2-car garage. 5 minutes to 52 & 15 freeways. Now $374,900! More Information |
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– University City – Foreclosure! Sharp 2BR/2BA condo in gated security “Lucera” complex w/ garage, granite. $354,900 See For Yourself |
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- Vista – Foreclosure! Half-acre lot! And you’ll love the upgraded 3BR/2BA, 1711sqft home w/ 2-car garage. $469,900 More Info |
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– Vista – Foreclosure! 3 cute 1BR units, well-located in downtown Vista near shopping, etc. Just $509,900. View Pictures and Features |
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- Vista – Foreclosure! 4BR culdesac home w/ gleaming hardwood flrs + oversize backyard. Drastically reduced to$423,000 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 Terry T. for referring a neighbor to sell his
home…
Thank you Joy B. for referring a friend at work to buy a home…
Thank you Cezario T. for referring a friend to buy a home…
Thank you Michelle S. for referring a coworker 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
Gary Kent Team --- RE/MAX Associates
(858)457-KENT --- (858)457-5368
GaryK@GaryKent.com -- http://www.garykent.com/
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