• Welcome / This Week's Special Offer
• Gary's Real Estate Seminars
• Homebuying Question
• Homeselling Question
• Investing or Financing Question
• Hot Properties: New Listings BEFORE They Hit The Market
• Thank You For Your Referrals

Welcome To The Latest Issue
Hello again. I’d be appreciative and honored if you’d follow me on Twitter or become a Facebook fan. If you’re not familiar with Twitter yet, you will be. It’s amazing and well ahead of CNN on world events.

…How Times Have Changed Dept. Time Magazine recently reported that in 1950, the typical new house was all of 2BR/1BA, 894 square feet, and no garage. By 1971, the median house had grown to 1375 square feet. And in 2001 the median new house was 1590 square feet.

Top 10 Most Miserable U.S. Cities
Forbes.com looke at the 150 largest U.S. metropolitan statistical areas and ranked them on nine factors: commute, corruption, pro sports teams, Superfund sites, taxes (income & sales), unemployment, violent crime, and weather:

1. Stockton, CA
2. Memphis, TN
3. Chicago, IL
4. Cleveland, OH
5. Modesto, CA
6. Flint, MI
7. Detroit, MI
8. Buffalo, NY
9. Miami, FL
10. St. Louis, MO

Read the whole story.

Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont 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:

1. Pre-approve with our approved lender
2. Come in for a short sit-down counseling session
3. Commit to work with us

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

Check Out Our Foreclosure Hot-List
Looking for a deal? 25+ of my REO (foreclosure) properties have discounts of 10% to a whopping 49% 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. You’ll learn from yours truly, plus our home loan expert and a professional home inspector.

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.

FREE Seminar @ UTC Mall – August 1, 2009:
"How To Buy A Foreclosure In San Diego"
Fantasy vs. Reality: Discover the truth about foreclosures/REOs
-- Saturday, August 1st, 10AM-Noon --
Click for Seminar Flyer / Click to Reserve Your Free Seat

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

• NEW: I’ll be just back from the two biggest industry foreclosure conferences w/ the latest insider info!
• NEW: Bailouts, loan “mods”, foreclosure moratoriums...what’s REALLY going on right now w/ REOs?
• How homebuyers can put just 3% down & investors put 10% down on some REOs w/ no PMI or appraisal costs
• 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

"Do banks purposely way underprice their foreclosures so they can get multiple offers and bid up the price?"

Answer:
Almost never.

If you see a foreclosure priced way below market, one or more people made a mistake. It may have been the agent, the “BPO” agent (who gave a second opinion on value), an appraiser, and/or someone at the bank.

But I can tell you after working with over 40 different banks selling their foreclosures, while they sometimes want to price their properties attractively, they definitely do not have a practice of drastically under-pricing them.

"Gary, can you give me an idea of what my home’s worth?"

Answer:
If it’s in San Diego County, I’d be happy to.

I can give you an idea over the phone or in person. Just call me at (858)457-KENT and I’ll be happy to help you.

"I have a dumb question. How does a bank really decide if they’re going to make me a loan? What do they look at?"

Answer:
When a bank decides if they’re going to approve a loan (the decision process is called “underwriting”), they look at the “three C’s”:

1. Character- Mainly your credit history (FICO score), with some attitude thrown in. Lenders often request a “letter of explanation” for a past credit glitch or a “letter of motivation” for a marginal borrower. The attitude of those letters can actually make a difference!

2. Capacity- “Can you afford it?”...based on income, job history, current debt load, savings history, and payment shock (i.e. going from $900 rent to a $3,000 mortgage can be a jolt.)

3. Collateral- Appraise the property to be sure it’s worth the price.

THIS WEEK'S FEATURED PROPERTY!
	Spacious Attached Home BR/BA: 3/2.5 Sqft: 1,824 Price: $238,000
– Vista – Foreclosure! Spacious twinhome in quiet community! Just 2 units in building! Offers large living room, HUGE 20x17 masterbedroom w/ balcony, MBA w/ separate tub & shower & dual sinks, kitchen w/ ceramic tile counters & laminate "wood" flooring, 2-car garage, patio & more! View Info

Coming Soon
(Click Contact Me to be contacted BEFORE these properties hit the market!)

New– Chula Vista – Foreclosure! Cute single-level home with pool. Great starter home. Contact Me
3BR/1BA, 1536 sqft
Recently appraised @ 510K >>> Price TBD
– Chula Vista – Foreclosure! Gorgeous Otay Ranch home with mountain views. Entertainer’s backyard, stunning kitchen. Contact Me
4BR/3BA, 2462 sqft
Last sold @ 593K >>> Price TBD
– Chula Vista – Foreclosure! Great starter home on generous lot. Walk to schools. Contact Me
3BR/1.5BA, 1042 sqft
Recently appraised @ 370K >>> To be low 200s?
– Chula Vista – Foreclosure! Enjoy southerly views, designer pool/spa, & more from this spacious 2-story home. Contact Me
4BR/2.5BA, 2394 sqft
Last sold @ 665K >>> To be 400s?
– 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 – Friendly home on quiet street offers family room, gas/wood FPL, newer carpet and exterior paint, more. Contact Me
3BR/2BA, 1566 sqft
Value range $360,000 to $400,000!
– 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! Enjoy downtown living at “Symphony Terrace”. Complex has pool/spa, fitness, sauna. Contact Me
1BR/1BA, 673 sqft
Last sold @ 292K >>> Price TBD 8th St.
– Downtown – Foreclosure! "Palermo" studio/1BR loft w/ private patio. Complex has pool/spa, fitness, business ctr. Contact Me
1BR/1BA, 860 sqft
Last sold @ 354K >>> Very low 200s?
– Eastlake Area – Foreclosure! Spacious newer home w/ panoramic Otay Lake & mtn view, granite, hardwood, 3-car garage. Contact Me
5BR/3BA, 2578 sqft
Last sold @ 725K >>> To be 400s?
– Encanto – Foreclosure! Light & bright 1-story w/ FPL, bay window, 2-car garage, large 1/4-acre lot. Built 1980. Contact Me
4BR/2BA, 1438 sqft
Recently appraised @ 325K? >>> To be 200K?
– Encanto – Foreclosure! Remodeled home w/ city views, 2-car garage, more. Contact Me
3BR/2BA, 1247sqft
Last sold @ 358K >>> To be 200s?
New – Escondido – Foreclosure! Fantastic custom home w/ front courtyard, private & secluded area, pool + covered patio, views! Contact Me
3BR/3.5BA, 2317 sqft
Last sold @ 663K >>> To be 400s?
– La Jolla – Foreclosure! Delightful single-level home, sweeping ocean views from most rooms, large lot. Contact Me
3BR/2BA, 2107 sqft
Previously appraised @ 1.44M >>> Price TBD
– 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?
– Lemon Grove – Foreclosure! 2-story family home in “Miller Ranch” community, 2-car garage. Contact Me
3BR/2.5BA, 1615 sqft
Previously appraised @ 467,500 >>> Price TBD
– Mission Valley – Foreclosure! Upgraded condo in desirable “River Colony” in the heart of Mission Valley. Community pool/spa, fitness center, patio balcony, cozy fireplace. Contact Me
2BR/2BA, 977 sqft
Last sold @ 395K >>> To be in 200s?
– Oceanside – Foreclosure! Single-level family home w/ 2-car garage, open floorplan, remodeled kitchen, A/C. Contact Me
3BR/2BA, 1460 sqft
Previously appraised @ 285K >>> To be low 200s?
New– Oceanside – Foreclosure! 2-story “Williams Ranch” family home w/ 2-car garage, quiet community. Contact Me
3BR/2.5BA, 1436 sqft
Previously appraised @ $398,400 >>> Price TBD
New– Pacific Beach – Foreclosure! Mission Beach view condo w/ 2-car garage, walk to beach/bay, quaint 4-unit complex. Contact Me
2BR/2BA, 955 sqft
Last sold @ 420,862 >>> Price TBD
– Pacific Beach – Foreclosure! Beach house w/ private backyard, California room, 2-car garage. Contact Me
2BR/2BA, 1400 sqft
Last sold @ 700K >>> To be high 500s?
– Paradise Hills – Foreclosure! Cute townhome in “Bay Terraces”. Open floorplan, 1-car garage, laundry. Contact Me
2BR/1BA, 840 sqft
Previously valued @ 281K >>> To be high 100s?
– Poway – Foreclosure! Great starter home w/ 2-car garage on spacious 9000 sqft lot. 2-car garage, big yard. Contact Me
3BR/2BA, 1099 sqft
Last sold @ $430,000>>> To be 300?
– Rancho Bernardo – Foreclosure! Handsome 2-story home in Chateau Bernardo. Breathtaking panoramic views, 3-car garage. Contact Me
5BR/3BA, 3179 sqft
Last sold @ $789,000 >>> Price TBD
– Rancho Bernardo – Foreclosure! Sharp house on culdesac w/ red tile roof, 8494 sqft lot, big yard, views, a/c. Contact Me
3BR/2BA, 1727 sqft
Last sold @ $575,000>>> To be low 400s?
– San Marcos – Foreclosure! Huge home on a full acre zoned for horses & agriculture. Granny flat + 3-car garage. Contact Me
6BR/4BA, 3934 sqft
Recently appraised @ 873K >>> To be mid-500s?
– San Marcos – Foreclosure! Affordable "Lake Park Villas" townhome. Near Restaurant Row & multiplex. Contact Me
2BR/1.5BA, 957 sqft
Last sold @ $221,500 >>> To be very low 100s?
– San Marcos – Foreclosure! Spacious home in desirable Santa Fe Hills. 3-car garage, nice backyard for entertaining! Contact Me
3BR/3BA, 2006 sqft
Last sold @ $515,000 >>> Price TBD
New– San Diego – Foreclosure! Gorgeous 2-story “Ocean Hills” home w/ views, 3-car garage, vaulted ceilings. Contact Me
5BR/2.5BA, 2353 sqft
Last sold @ 585K >>> Price TBD
New– San Diego – Foreclosure! Ranch-style home w/ 2-car garage, fireplace, good-size backyard. Contact Me
3BR/2BA, 1152 sqft
Last sold @ 395K >>> Price TBD
New– San Diego – Foreclosure! Charming craftsman home w/ addition, huge master suite, updated kitchen, private backyard. Contact Me
3BR/2BA, 1568 sqft
Last sold @ 500K >>> Price TBD
– Santee – Foreclosure! Single-level home on .5 acre lot! 1000sqft detached workshop, huge covered patio. Contact Me
4BR/2BA, 1644 sqft
Last sold @ $502,500 >>> Price TBD
New– Spring Valley – Foreclosure! Upstairs condo w/ shared garage, patio balcony, end-unit, great starter home. Contact Me
2BR/1BA, 882 sqft
Last sold @ $140,000 >>> To be in the 70s
– Vista – Foreclosure! 2-story mountain view home on large lot. pool. Sparkling pool, 2-car garage. Contact Me
3BR/1.5BA, 2424 sqft
Last sold @ $600,000 >>> Price TBD

NEWLY LISTED (Your Property Here!)

Huge home on a full acre zoned for horses & agriculture. Granny flat + 3-car garage.

6 Bed, 4 Bath 3,934 Sqft Price: $475,000 Recently appraised @ 873K

Large condo, feel more like a house. Small 6-unit complex, huge master bedroom, 2-car garage!

3 Bed, 2.5 Bath 1,824 Sqft Price: $238,000 Last sold @ $440,000

MORE GREAT HOMES & INVESTMENTS (Your Home Here!)

Enjoy desert peace and quiet from this cute house. Ideal home or weekend retreat

3 Bed, 2 Bath 1,380 Sqft Price: $119,900! Last sold @ 269K

Enjoy panoramic views from this cared-for 1-story home. Upscale neighborhood of high end custom homes.

2 Bed, 2.5 Bath 1,983 Sqft Price: $999,000 to $1,299,000

Gorgeous “Hard Rock” condo-hotel suite in the Gaslamp Quarter. “Rock Royalty” service & full hotel amenities.

1 Bed, 1 Bath 459 Sqft Price: $489,000! Last sold @ 589K

Affordable 1BR condo in west Mission Valley, 5 minutes to Fashion & Mission Valley malls.

1 Bed, 1 Bath 700 Sqft Price: $132,500 Recently appraised: 175K

Cute end unit condo in “Mission Plaza” near 24-hour Fitness, Qualcomm, trolley.

2 Bed, 2 Bath 931 Sqft Price: $188,100 Recently appraised: 333K

Eclectic "Flamingo House" in Pacifica: bonus room w/ bay view, big private bkyd, pool, spa, 3 FPL, more.

3 Bed, 2.5 Bath 2,290 sqft Price: $850,000 to $900,000!

Mid-century 1-level home w/ back-country views, 10 minutes to I-5, 3 acres, great street.

5 Bed, 4.5 Bath 3,375 Sqft Price: 1.55M-1.75M

3-yr-new “Old Creek Ranch” home w/ spacious floorplan, view, great family area!

4 Bed, 3.5 Bath 3,090 Sqft Price: $544,900 Last sold @ $740,500

Newer high-quality view home on 2.09 acres. Offers pool, 3-car garage, huge yard, orange groves.

4 Bed, 3 Bath 2,602 Sqft Price: $529,000!

Spacious manufactured home in Warner Springs Estates.

3 Bed, 2 Bath 2,037 Sqft Price: $98,900 Last sold @ 430K

Due to production and shipping expense, free items are available only to residents, owners, and people planning to purchase real estate in San Diego.

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.

Copyright 2009 Gary Kent, All Rights Reserved.