(858)457-KENT

Issue #346

In This Issue

1. Welcome / This Week's Special Offer
2. Gary's Real Estate Seminars
3. Homebuying Question
4. Homeselling Question
5. Investing or Financing Question
6. Hot Properties: New Listings BEFORE They Hit The Market
7. Thank You For Your Referrals

Welcome / This Week's Special Offer

Welcome To The Latest Issue
Welcome to this week’s newsletter, where I go out on a limb and give you my predictions for our real estate market. …Thank you, Sandy P. for referring me and forwarding this newsletter to friends. …Have you noticed how incredibly low interest rates are now? Most fixed rates are in the 5-5.75% range.

My 2009 San Diego Real Estate Forecast
Despite remaining challenges, we’ve apparently stepped back from the brink of total national economic meltdown. So what does 2009 have in store for San Diego real estate? We have many varied and competing forces at play:

Foreclosure numbers are way down, due somewhat to CA Senate Bill 1137 forcing a 30-90 day hiccup in foreclosures. (It requires lenders, before they can foreclose, to contact homeowners to try to help them keep their homes.)

Murmurs of new state or fed “foreclosure moratoriums” that, while helping a few, would prolong the downturn

Continuing adjustable mortgage rate resets

Lenders more willing to help borrowers save their homes

A slowing local, national, and global economy

San Diego’s market fell first and hardest in the U.S.; some entire zip codes lost over 50%(!) of their value

Talk the feds directly bailing out distressed homeowners by lowering rates &/or principal balances (both doubtful)

Lenders delaying foreclosures in the unlikely hope the feds will bail them out by buying bad mortgages from them

Locally, investors buying bargain homes in droves. Many pay cash, perhaps w/ money pulled from the stock market

The mass psychology is gradually shifting FROM, “Why buy now when homes will be much cheaper later,” TO “Maybe I should one of the great deals I’m seeing while they’re this cheap.”

My prediction / guess / crystal ball gazing:

Drum roll please… I believe our market will hit bottom and stabilize some time in 2009.

Why?

Two sides of the same coin: Prices in much of San Diego are getting so cheap…

A) It’s possible to invest in a house or condo and actually get a positive cash flow.

B) For many people, buying and owning now costs little more than renting (and is often cheaper!), especially after tax deductions for mortgage interest and property taxes. And for others, it’s only a small increase to buy.

What should you do if you’re considering buying a home?

What you’ve heard on the news lately about the stock market applies to the real estate market too: even the experts can’t time markets perfectly.

So, if you do buy in the next few months, you’ll likely be buying at or near the bottom.

Disclaimer: I have an economics degree from UCLA, but I’m no economist. The above is merely my opinion.

Top 10 Best U.S. Cities To Work And Live
Human Capital Institute conducted a survey this past summer on America's favorite and least favorite cities to work and live. Respondents were asked about 40 large cities: "Imagine you were offered your dream job that required you to relocate. Which region in the following list would you be most likely to choose? … and which city region … would you be least likely to choose?" Interestingly, several cities made BOTH lists. Here are the results, along with the % of workers who’d like to move there:

1 11% New York (Also the #1 worst)

2 11% San Diego *

3 9% San Francisco

4 8% Las Vegas (#7 worst)

5 8% Los Angeles (#3 worst)

6 8% Seattle

7 7% Denver

8 6% Phoenix

9 6% Chicago (#5 worst)

10 6% Boston

*Inexplicably, the survey weighed 1st-, 2nd-, and 3rd-place votes the same. San Diego got more 1st- and 2nd-place votes than New York, but we ranked behind them because New York’s abundance of 3rd-place votes gave it slightly more total votes. And if you factor in that New York was also voted the #1 worst, the result is clear: San Diego is the #1 place to work and live in the U.S. …But we knew that already, didn’t we?

Next Week: Bottom 10 worst cities to work and live.

Join Our “Preferred Client Group” For The Best Values
I find great real estate deals every week. But too often we can’t match a client in time and someone else scoops it up. (My bank-clients won’t let me buy their properties, or I’d be my best client!)

So I developed my “Private Client Group”, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when -- or before -- it hits the market.

If you’d like to be in the Preferred Client Group, you need to:

Pre-approve with our approved lender

Come in for a short sit-down counseling session

Commit to work with us

To join and get the jump on great real estate values, call us at (858)457-KENT or email us at PCG@GaryKent.com

Check Out Our Foreclosure Hot-List
Looking for a deal? 50+ of my REO (foreclosure) properties have discounts of 10% to a whopping 52% from their previous values. Click on www.Foreclosure-Hotlist.com to check out my brand-new Foreclosure Hot-List website. We’ll update the site regularly, so be sure to bookmark it and return frequently. And forward this link to a friend!

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 Live Seminar CD: How To Buy A Home In San Diego
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 professional home inspector.

You'll Discover:
- What home inspectors do & don’t inspect. You may be surprised!
- 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
- 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

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.

Gary's Real Estate Seminars

FREE Seminar @ UTC Mall – January 31st, 2009:
“How To Buy A Foreclosure In San Diego”
Fantasy vs. Reality: Discover the truth about foreclosures/REOs
-- Saturday, January 31st, 10AM-Noon --
Click for Seminar Flyer / Click to Reserve Your Free Seat

Dreamers Need Not Apply.
Sorry… This isn’t a phony get-rich-quick seminar on buying foreclosures (also called “REOs”) 50¢ on the dollar or buying zero down with bad credit and no job. That’s NOT reality.

When you attend, you'll discover the truth about:

Top 10 San Diego neighborhoods with the best REO deals today

How much banks negotiate off their price

5-step plan to getting a great value on a foreclosure in 90 days

Wise, timely words millionaire Baron Rothschild said in the 1800s

Traps in the small-print that banks make you sign

The #1 mistake people make when offering on an REO

How to get banks to pay EVERY PENNY of your closing costs

Auction tricks, traps, and pitfalls that I swear will shock you

Free email access to undervalued & foreclosure properties

The ugly truth about “short sales”…and it IS ugly

What to watch out for in an REO

Much more

Click for Seminar Flyer Click to Reserve Your Free Seat

HomeBUYING Question

"Hi Gary, I’m in escrow on a home but changed my mind and don’t want it. How do I get my deposit back?"

***ANSWER:
If you still have any contingencies left you can exercise, the seller must agree to release your deposit.

If your contingency periods have expired, you can still ask. Many homesellers would rather just give you back your deposit and move on. If the seller refuses, you might agree to split the deposit.

Of course, if you have no contingencies left and are just flat-out breaking the contract, by all rights you should lose your deposit. That’s the purpose of it in the first place: to insure your performance on the contract and compensate the seller if you default.

As to the mechanics of the release, once you’re several days into escrow, your deposit will be held by the escrow company. They can only release it to you (or the seller) with mutual instructions from both buyer and seller, or with a court or arbitration order.

So if the seller won’t sign a cancellation releasing your deposit, depending on your contract, your options are small claims court or mediation/arbitration.

HomeSELLING Question

"With the market the way it is and prices down, do you think it’s a good idea to wait until next summer to sell?"

***ANSWER:
This year, most people who called me about selling their homes weren’t thrilled with their property values. And many said they’d wait and just sell in 2009.

Their unspoken and unrealistic assumption was that in 2009, home values would somehow automatically reset to peak 2005 levels.

Though I do some market prognosticating above, I can’t tell you if values will be lower, higher, or about the same come summer.

But I can tell you there will obviously be no immediate re-boot to 2005 prices.

Investing or Financing Question

"Hi I’m an investor and I’d like to conserve as much cash as possible. What’s the least I can put down to buy a property?"

***ANSWER:
It depends on what kind of property you’re buying:

- Residential: house, condo, or 2-4 apartments (duplex, triplex, fourplex)
- Commercial: 5+ apartments or other commercial property

Residential:

You’re usually looking at a minimum 20-25% down payment as an investor. You also have loan and other closing costs of 2-4%, but can get the seller to pay them up to 2% of the purchase price. If you put down 30-35%, you’ll get a better loan. Over 35%, it’s won’t make a difference.

Commercial:

You’re looking at a whole new set of rules. Typically the down payment is the GREATER of 25% or whatever it takes for the property to carry itself and have a sufficient “debt coverage ratio”. (Debt coverage ratio is the ratio of net operating income to loan payments on the property.)

Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties

Call Now On These Hot New Listings & Not-Yet-On-The-Market Properties

THIS WEEK'S FEATURED PROPERTY!

Beautifully Renovated
Clairemont Townhome

BR/BA: 1/1

Sqft: 810

Price: $285,000

– Clairemont – Sought-after "Canyon Rim" community! Completely renovated modern townhome w/ attached garage! Offers stunning kitchen w/ granite counters, new cabinets & stainless steel appliances, laminate wood flooring, commercial-grade carpet, spacious master bedroom w/ two large mirrored closets & private balcony, plus large patio, built-in linen & buffet cabinets, full-size washer & dryer & more! Community pool/spa, tennis, close to shopping, beaches & many of San Diego's great activities! Find Out More
Price: $285,000

"COMING SOON"
(Click Contact Me to be contacted BEFORE these properties hit the market!)

– Campo – Foreclosure! Huge home on 1.31 acres w/ barn, + 2 additional buildings. Lots of room for toys & workshop. Contact Me
3BR/2BA, 3601 sqft
Last sold @ 465K >>> Now 400?
– Chula Vista – Foreclosure! Spacious home on large 9300sqft lot, 4BR/2BA, 1600 sqft, plus detached room/granny flat! Contact Me
Last sold @ 507K >>> Now 300s?
– Clairemont – Foreclosure! Affordable starter home w/ large backyard, 1-car garage, quick access to 805 & 52 freeways. Contact Me
3BR/1BA, 1014 sqft
Last sold @ 435K >>> To be low 300s?
– Clairemont – Foreclosure! Spacious culdesac home with canyon/city views, pool. Prime, quiet “Park West” neighborhood. Contact Me
4BR/3BA, 2659sqft
(No appraisal/sales info) >>> 500s?
– Clairemont – Foreclosure! Fixer-upper 4BR/2BA house needs lots of help. No garage, large lot. Contact Me
4BR/2BA, 1635 sqft
Last appraised @ 489K+ >>> Now low 300s?
– Downtown – Foreclosure! Corner 3-year-new “Park Blvd East” condo near Petco Park w/ no common walls, views, granite. Contact Me
2BR/2BA, 980 sqft
Recently appraised @ 486K+ >>> 300s?
– Eastlake Area – Foreclosure! 5-year-old former model “Willow Bend” townhome w/ 2-car garage. Contact Me
4BR/4BA, 1851sqft
(No sale/appraisal info) >>> Low 300s?
– Eastlake Area – Foreclosure! 5-year-new home w/ 2-car garage. More info to follow. Contact Me
3BR/2.5BA, 1756 sqft
Recently appraised @ 617K >>> Price TBD
– Eastlake Area – Foreclosure! Sharp 3-year-new townhome w/ 2-car garage, many extras. Contact Me
3BR/2.5BA, 1586 sqft
Last sold @ ? >>> To be low/mid-200s?
– Encanto – Foreclosure! Remodeled home w/ city views, 2-car garage, more. Contact Me
3BR/2BA, 1247sqft
Last sold @ 358K >>> To be 200s?
– Encanto – Foreclosure! Four units w/ lots of parking. Near trolley, shopping, schools. Contact Me
Last sold @ 510K >>> Now low 300s?
– Encanto – Foreclosure! Handsome, 70’s built 4BR/2BA, 1582 sqft house on huge 9500 sqft lot. Nice street. Contact Me
Last sold @ $467,500 >>> Now 300s?
New – Escondido – Foreclosure! Very roomy end-unit “Villa Espanas” condo w/ FPL and quick access to 15 and 78 freeways. Contact Me
2BR/1.5BA, 1152sqft
Last sold @ 325K >>> To be 100s?
– Julian – Foreclosure! House on .24 acre lot. More info to follow… Contact Me
Last sold @ 230K >>> Now 500K?
– Kearney Mesa/Spectrum – Foreclosure! Gorgeous 3-year-new townhome w/ 2-car garage in new Spectrum community Contact Me
3BR/2BA, 1232 sqft
Last sold @ $531,500 >>> Now ???
– La Mesa – Foreclosure! Mid-century home w/ hardwood floors on large 8000 sqft lot in great neighborhood w/ xlnt schools. Contact Me
(No info) >>> To be in the 500s?
– Lakeside – Foreclosure! Dirt-cheap condo ideal for investor or first-time homeowner. Contact Me
2BR/1BA, 728 sqft
Appraised @ 131K+ >>> To be in the 80s?
– Lakeside – Foreclosure! Spacious single family home on .28 acre lot with 2-car garage. Contact Me
3BR/1BA, 1719 sqft
Recently appraised at ??? >>> To be 200s?
– Linda Vista – Foreclosure! Large 4BR/2.5BA, 1987 sqft house. Corner lot, red tile roof, 2-car garage, more. Contact Me
Previously appraised @ 680K+ >>> Now 400s?
– Mission Valley – Foreclosure! Cute Mission Greens condo near golf course, YMCA, Fashion Valley mall. Contact Me
1BR/1.5BA, 882 sqft
Last sold @ 309K >>> Now low 200s?
New – National City – Foreclosure! Three bedroom house on huge 17,100 sqft lot. East of 805, south of E. Plaza. Contact Me
3BR/1BA, 1170sqft
Recently appraised @ 378K+ >>> To be 200s?
– National City – Foreclosure! 2-year-new townhome w/ 2-car garage, greenbelt view. Borders Bonita, near Plaza Bonita. Contact Me
3BR/2.5BA, 1734 sqft
Last sold @ $609,000 >>> Now high 300s?
– Nestor – Foreclosure! Private, light & bright townhome w/ large rooms, spacious backyard, interior laundry, more. Contact Me
3BR/2BA, 1222 sqft
Last sold @ 365K >>> To be high 100s?
– North Park – Foreclosure! Spanish 1936-built home: archways, hrdwd floors, FPL, crown molding, coved ceilings. Contact Me
2BR/1BA, 1071 sqft
Last sold @ 550K >>> To be 300K?
– Oceanside – Foreclosure! Tremendous curb appeal! Upgraded home on corner lot with mountain views. Contact Me
3BR/2BA, 1290sqft
Recently appraised @ 465K+ >>> To be 200s?
– Oceanside – Foreclosure! Large 1988-built home on spacious 7316 sqft lot backing to beautiful golf course. Contact Me
3BR/2.5BA, 2123sqft
Recently appraised @ 625K+ >>> Price TBD
– Oceanside – Foreclosure! Enormous 6-7BR/3BA, 2203 sqft house on 9200 sqft lot. Ideal for very large family. Contact Me
Recently appraised @ 504K+ >>> Now 400s?
– Poway – Foreclosure! Handsome home w/ pool, tile roof, large patio. Huge kitchen w/ Corian-style counters. Contact Me
3BR/2BA, 1304 sqft
Last sold @ 510K >>> To be high 300s?
– Rancho Bernardo – Foreclosure! 1989-built single family house w/ dbl garage. South of Camino Del Norte & West of I-15. Contact Me
4BR/2BA, 1760 sqft
Recently appraised @ $602K+ >>> Now 300s?
– San Marcos – Foreclosure! Upgraded “Santa Fe Hills” home, kitchen w/ breakfast bar, fireplace, community pool/spa! Contact Me
3BR/2BA, 1315sqft
Last sold @ 384K >>> Price to be determined.
– Santee – Foreclosure! Huge remodeled 2-story home w/ 2-car garage.
Contact Me
4BR/3BA, 2214sqft
Recently appraised @ 522K+ >>> $300s?
– Santee – Foreclosure! Affordable, updated “Riderwood Gardens” 3BR/2BA 1144 sqft condo w/ garage. Contact Me
Recently appraised @ ??? >>> Now 200s?
– Sorrento Mesa – Foreclosure! Stunning 12-year-old home w/ 3-car garage, large yard, 1BR/1BA downstairs. Contact Me
4BR/3BA, 2432 sqft
Recently appraised at ??? >>> To be low $600s?
New – Spring Valley – Foreclosure! Vintage home on HUGE .36 acre lot. Offers views, immense yard, and a country feeling. Contact Me
2BR/2BA, 1039sqft
Last sold @ 450K >>> To be 200s?
– Spring Valley – Foreclosure! Convenient bottom-floor unit near I-8 and La Mesa. Granite countertops. Contact Me
3BR/2BA, 1112 sqft
Previously appraised @ 325K+ >>> To be 100s?
– Spring Valley – Foreclosure! Heavy fixer upper w/ possible settlement issues. Good neighborhood. Contact Me
3BR/2BA, 1444 sqft
Last sold @ 460K >>> To be 100s?
– Spring Valley – Foreclosure! Affordable 2BR condo in gated Ashford Park complex. Offers cathedral ceilings, FPL, more. Contact Me
2BR/2.5BA, 1020 sqf
Last sold @ 314K+ >>> To be 200?
– Tierrasanta – Foreclosure! Remodeled townhome w/ garage, many upgrades, vaulted ceilings. Contact Me
2BR/2.5BA, 1068 sqft
Recently appraised @ 309K+ >>> To be 200s?
– University City – Foreclosure! ute condo in “Verano” in the La Jolla Colony area. Quick access to I-5, La Jolla, UCSD, etc. Contact Me
1BR/1BA, 704 sqft
Recently appraised @ 310K >>> To be very low 200s?
– Vista – Foreclosure! Charming home on view knowl w/ wood floors, recent remodel, evening lights view, more. Contact Me
2BR/2BA, 1350 sqft
Last sold @ 417K >>> To be high 200s?
– Vista – Foreclosure! Giant .7 acre lot w/ cute 2BR, 898 sqft house built in 1940. Incredible potential. Contact Me
Last sold @ $472,500 >>> To be low 300s?

NEWLY LISTED (Your Property Here!)

	New – Imperial Beach/Nestor – Foreclosure! Nice 4BR starter home w/ 2-car garage. Take A Look 4BR/2BA, 1573sqft Last sold @ 420K >>> Now $225,000!
	New/SOLD – Nestor – Foreclosure! Nice 4BR starter home w/ 2-car garage. MLS Search 4BR/2BA, 1573sqft Last sold @ 420K >>> Now $225,000!

MORE GREAT HOMES & INVESTMENTS (Your Home Here!)

	– Bonita – Foreclosure! Gorgeous home on 8658sqft lot, vaulted ceiling, 3-car garage. Kitchen removed by previous owner. Contact Me 5BR/3BA, 2832sqft Last sold @ 825K >>> Now just $449,900!
	– Clairemont – Foreclosure! Spacious & sunny 1-level upper unit. Ideal for first-time homebuyer or investor. More Info 3BR/2BA, 1134 sqft Last appraised @ 489K+ >>> Now $202,900
	Reduced 20k – Clairemont – Foreclosure! Starter house w/ FPL, big yard, California room, 2-car garage. Quick access to 52 & 805. Check It Out 3BR/2BA, 1032 sqft Last sold @ 529K >>> Now $329,900.
	– Downtown – Foreclosure! Ground-floor 2BR/2BA, 1143 sqft, “Symphony Terrace” condo w/ no common walls. Check It Out Last sol @ 425K+ >>> Now $299,900
	– Downtown – Foreclosure! Upgraded 3-year-new end-unit loft w/ stainless steel, granite. Complex has gym, rec room. Check It Out 1BR/1BA, 718 sqft Last sold @ $357,000 >>> Now $225,600.
	Sold – East San Diego – Foreclosure! Cozy condo w/ quick freeway access. Priced 74% below the last sales price! MLS Search 2BR/1BA, 751 sqft Last sold @ 276K >>> Now just $72,900!
	– East San Diego / Oak Park – Foreclosure! Ideal starter home or investment. Priced WAY under market! Contact Me 3BR/1BA, 1044 sqft Recently appraised @ 423K+ >>> Now just $189,900!
	– Eastlake Area – Foreclosure! Handsome, 5-year-new 3BR/2BA, 1598sqft home 2-car garage. Could be 5BRs! Contact Me Recently sold @ 570K >>> $309,900!
	– Encanto – Foreclosure! Recently renovated 4BR/2BA, 1339sqft home on overize 7200 sqft lot. Check It Out Last sold @ 450K >>> A steal @ $179,900
	Back On Market – Escondido – Foreclosure! Xlnt value for investor or first-time homebuyer. Ground floor condo, laundry in unit. View Details 3BR/2BA, 1071 sqft Last sold @ $285,000 >>> Now just $90,500!
	– Escondido – Foreclosure! Spacious, upgraded condo in “Vermont Villas” w/ basketball & tennis. Quick freeway access. Check It Out 2BR/2BA, 1,204 sqft Last sold @ 295K >>> Now $132,000!
	– Escondido – Foreclosure! 2 Detached homes on .58 acres w/ 2 double garages. Ideal for extended family or ??? More Info 4BR/4BA + 2BR/1BA Last sold @ $600,000 >>> Now $379,600
	– Escondido – Foreclosure! 3BR/2BA, 1,620sqft house on almost 1/2-acre! 2-car garage. More info to follow. See More Last sold @ $350,000 >>> Now $269,900!
	– Escondido – Foreclosure! Handsome 1985-built house w/ upgraded appliances, granite counters, new paint. Contact Me 3BR/2BA, 1636 sqft Last sold @ 470K >>> Now $299,900
	– Escondido – Foreclosure! Lovely 3BR/2BA, 1144 sqft house w/ 2-car garage. 6100 sqft lot. More info to follow. View Details Recently appraised @ 561K+ >>> Now $204,900!
	– Escondido – Foreclosure! Quiet 2BR/2BA upper-level condo w/ granite in kitchen & baths, tile flooring, garage! Take A Look Last sold @ 314,500 >>> Now $150,900
	Reduced Again!– Fallbrook – Foreclosure! Upgraded home on 5.9 acres in gated, private, peaceful De Luz community. More Info 3BR/2.5BA, 1970 sqft Recently appraised @ apx 655K >>> Just $378,000
	– Fallbrook – Foreclosure! Secluded home on 1.02 acres: golf course/sunset views, pool w/ waterfalls & spa. More Info 3BR/2.5BA, 3225 sqft Recently appraised @ apx 965K >>> $599,000
	– Fallbrook – Foreclosure! Lovely 3BR home on 5.51 acres w/ back country views & 2-car garage! Possible lot split. See For Yourself 3BR/2.5BA, 2046 sqft Last sold @ 604K >>> Now $535,000!
	Sold – La Jolla – Foreclosure! Spacious 1-level condo in security complex. Birdrock area, 2 blocks to ocean. Free MLS Search 2BR/2BA 1387 sqft (No info)>>> Just $446,900
	– La Mesa – Foreclosure! Vintage 1930-built house on .27 acres. 2-car garage & many extras. Take A Look 3BR/2BA, 1338 sqft Last sold @ 450K >>> Just $314,900
	Sold– Lemon Grove – Foreclosure! Mid-century 3BR home on 6000 sqft lot w/ 2-car garage. Needs carpet, paint, TLC. MLS Search 3BR/2BA, 1188 sqft Appraised @ 431K+ >>> $199,900
	– Lemon Grove – Foreclosure! 1977-built 2BR+2BR duplex on 6098 sqft lot. One unit is fixer, the other pristine. Contact Me Recently appraised @ $472,500+ >>> Now $189,900!
	– Linda Vista – Handsome 4-yr-new 5BR/4BA, 2074 sqft house on .29 acre canyon lot. Property Features Value range 545-595K.
	Sold – National City – Foreclosure! Contractor’s special: 2-year-new townhome w/ 2-car garage, near Plaza Bonita. MLS Search 3BR/2.5BA, 1734 sqft Recently sold @ $656,500 >>> Now $240,000.
	– National City – Foreclosure! Upgr home w/ master suite, large yard, + new cabinets, countertops, stove. More Details 3BR/1BA, 1117 sqft Last sold @ 394K >>> Now $265,000!
	Back On Market – Nestor – Foreclosure! Cheap condo in nice area near schools. Seller may pay closing costs. More Info 3BR/2BA, 1071 sqft Last sold @ 325K >>> Now $94,900!
	– Nestor – Foreclosure! Huge heavy fixer-upper home on full lot w/ 2-car garage. Quick access to 5 and 805 freeways. Property Features 3BR/3BA, 2080 sqft Previously appraised @ 372K >>> Now $289,900
	– North Park/South Park – Foreclosure! 4BR/2BA canyon view home. Zoning allows additional unit! (Buyer to verify.) More Info Recently appraised near 500K >>> Now $379,900.
	– Pacific Beach – Foreclosure! Gorgeous 2-story contemporary home with bay/ocean views, walk to beach! Property Features 2BR/1.5BA, 1530sqft Last sold @ 690K >>> Now $720,000
	– Pacific Beach – Beautiful 4-unit property 4 blocks to beach, 2 blocks to bay. $5,700/mo, $68,400/yr gross income. View Details 2BR + 2BR + 1BR + Studio Value range $975,000 to $1,025,000!
	– Phoenix AZ: 12 APARTMENTS – Great central location. Units are 4 3BR, 4 2BR, and 4 1BR. Just $649,000. For More Info: Call Terry Kass @ (602) 703-5277
	– Phoenix AZ: 44 APARTMENTS – Lovely 3BR/2BA, 1967sqft home, .48 acre lot, pool. Just $2,350,000. For More Info: Call Terry Kass @ (602) 703-5277
	Reduced – Point Loma – Foreclosure! Cute Loma Portal area house w/ garage, on 5400 sqft lot. Check it Out 2BR/1BA, 961 sqft Recently appraised @ 650K? >>> Now $459,000
	– Ramona – Foreclosure! Cute condo just off Main Street in downtown Ramona. Take A Look 2BR/1BA, 884 sqft Recently appraised @ 231K+ >>> Now just $107,000
	– Rancho Bernardo – Foreclosure! Lovely, expansive single-story home in “Summers On The Green” community. See More Photos 3BR/2.5BA, 2228 sqft Last sold @ 650K >>> Now $519,900!
	Reduced – Rancho Penasquitos – Foreclosure! Smart corner unit townhome w/ laundry, no Mello-Roos. View Details 2BR/2BA, 881 sqft Last sold @ 345K >>> Now $175,550
	– San Marcos – Foreclosure! Very affordable house in great community. 2BR house w/ 1-car garage w/ low maintenance yard. See For Yorself 2BR/1BA, 844 sqft Last sold @ 459K >>> Now $207,500!
	– San Marcos – Foreclosure! Cozy house in over-55 Lake San Marcos 2BR, 1115 sqft house in Sun Park near tennis, golf, restaurants. Check It Out Last sold @ 382K >>> $260,000
	– San Ysidro – Foreclosure! Handsome 4BR home w/ FPL, RV parking. Great home or rental house. Take A Look 4BR/2BA, 1507 sqft Last sold @ 441K >>> Now $210,000
	– Santee – Foreclosure! Vintage 3BR/2BA house on large 6969 sqft lot. More info to follow. Check It Out Recently appraised @ 425K+ >>> Now $255,000
	– Serra Mesa – Charming newly renovated “Allure” condo. Offers granite in kitchen & baths, newer appliances, sunny patio. View Details 1BR/1BA, 602 sqft Just $129,500
	– Vista – Foreclosure! Very affordable home w/ 2-car garage, full 6300 sqft lot, big yard. Check It Out 3BR/2BA, 1134 sqft Recently appraised @ 400K >>> Now $164,900

Call me at (858)457-KENT to find out more or for a private showing. To find other homes, go to A Free MLS Homesearch.

Clicked on a property, but theres no info? It may be sold. Call me to double-check or discover other similar properties we have for you.

Thank You For Your Referrals

Referring a friend or someone you care about is the highest compliment you can give me. Thank you for all of your generous referrals!

Have a great week...

GARY KENT
"The Agent You See EVERYWHERE"
All-Time #1 Agent/Team In San Diego County for RE/MAX
23 Years Experience -- 3,300 + 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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This free e-newsletter tells you how to be more successful with your real estate transactions. You receive it because you subscribed, entered your email address at my site(s), or were referred. By reading it, you agree you: 1) understand this is opinion & not advice; 2) will seek professional tax, legal, and real estate advice; 3) are solely responsible for use of content, 4) hold Gary Kent, Gary Kent Homes & Estates, Kent & Associates Inc., and RE/MAX Associates harmless. Questions may be paraphrased for clarity/brevity. Disregard this email if you have a listing or buyer-broker agreement. (c) 2008 Gary Kent, All Rights Reserved.