• 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
The market is hot. I’m thankful to say it’s been a great week, with my 9 home sales. Thank YOU for your trust, business, and referrals.

…Be sure to sign up for my upcoming free seminars:

• - “How To Short Sale Your Home Or Rental”
• - “How To Buy A Foreclosure In San Diego”

… Congrats to Chula Vista’s Park View World Champion little league.

…HELP WANTED: Full time job opening for someone to work in my REO/foreclosure department. For more info, Click Here.

…Quote of the week: "The state of California is $30 billion in debt, and there's no way we can pay it back, so what we've decided to do is set it on fire and collect the insurance." -Jimmy Kimmel on L.A.’s massive fires

…Want to buy Bernie Madoff’s beach house?

…Be sure your lender runs your credit when pre-approving you for a loan. Last month I received an offer on a home with 50% down and a pre-approval letter from a major bank you’ve heard of. For reasons I’ll never know, the lender hadn’t run their credit. Oops…the buyer had a recent bankruptcy and couldn’t get a loan. They lost out on the house and were devastated.

…Just got a new foreclosure/REO condo from one of my banks. I was shocked to discover a whopping 28 of the 30 condos in the complex are bank-owned or in foreclosure!

…This house will make you dizzy.

…Follow me on Twitter or become a Facebook Fan.

True Story: That’ll Show Her
I saw one home that, after the husband went through a nasty divorce and ended up with the house, in one bathroom he removed the toilet and installed a urinal. Yep, that showed her.

Top 10 Best U.S. Cities To Buy A Home Right Now
While the majority of the nation's housing markets are still working toward a bottom, some cities look like good places to buy a home now. Here are the top picks from the Forbes.com article:

1. Denver, CO
2. Phoenix, AZ
3. Boston, MA
4. San Diego, CA***
5. Los Angeles, CA
6. St. Louis, Mo
7. Tampa, FL
8. Philadelphia, PA
9. San Francisco, CA
10. Washington D.C.

Quick Real Estate Tip #5
Whether you’re buying or selling, when you price a home, never use active short sale listings as comps. They are usually low and do NOT reflect market value.

Find Out The Value Of Your Home Or Rental Property FREE — Right Over The Phone
Considering selling? Now you can quickly, easily find out today's value of your home or other San Diego County real estate, right over the phone. Call and tell me about your property. I’ll research the market and arrive at an honest, realistic price you can expect to get in today’s market. Need a more accurate figure? Ask me to come by. For your free over-the-phone or in person evaluation, just call me at (858)457-KENT. Please tell a friend…

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? Many of my REO (foreclosure) properties have discounts of 10% to a whopping 49% from their previous values. Click on 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.

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.

FREE Seminar
“How To Short Sale Your Home Or Rental”
UTC Mall – Saturday, Sept 26th, 10AM-Noon
Click for Seminar Flyer / Click to Reserve Your Free Seat

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

• Short sales, clearly & simply explained!
• Are YOU likely to qualify for a short sale?
• Can you really do short sale with -0- out of YOUR pocket?
• How long short sales take...& how to cut the time in HALF**
• Tax impacts of short sale vs. foreclosure (verify w/ your CPA!)
• The document your attorney must read closely to avoid problems
• Your 7 options if you owe too much. Most agents only tell you 3.
• Which “hardships” qualify you for a short sale? Which don’t?
• The specific clause you need in your contract with the buyer
• Do you need to be CURRENT on HOA dues? Property taxes?
• Do you need to be BEHIND on your mortgage payments?
• If an agent does THIS, they likely don’t know short sales
• 5 reasons a short sale is usually better than foreclosure
• THE most important thing to have to do a short sale
• Impact & how long is a short sale be on your credit?
• How soon can you buy a home after a short sale?
• Will a short sale delay or prevent foreclosure?
• Can your lender go after you for their loss?
• Should you spend $ to fix up your home?

-----------------------------------------------------------------------------------------------------------------

FREE Seminar
"How To Buy A Foreclosure In San Diego"
UTC Mall – Saturday, October 24th, 10AM-Noon
Click for Seminar Flyer / Click to Reserve Your Free Seat

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

• Are San Diego prices rising?
• Should you buy before home prices climb out of your reach?
• With 12% of U.S. mortgages are behind, is there a new wave of Alt-A, Option ARM, & Prime foreclosures coming?
• When Homebuyers can put 3% down and investors 10% down
• Bailouts, loan “mods”, moratoriums...what’s REALLY going on?
• 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 truth about a home that’s a “short sale”
• What to watch out for in an REO
• Much more

"Hi Gary, Do you think the Fed's will carry the $8000.00 tax credit into 2010?"

Answer:
On the one hand, both political parties were generally in favor of the law when Congress originally passed it. And Congress did just extend the Cash for Clunkers program. (And there’s also the fact that Washington in general loves spending money right now.)

However, there’s evidence the economy and the real estate market are picking up, making such a plan less needed. And there’s more and more opposition to government spending and stimulus plans.

While it could be extended past November 30 (the date you must close by), my best advice is not to plan on it or you might lose the opportunity to get the credit.

"What do you think of Zillow.com for determining home value?"

Answer:
Not much.

I’ve seen the value off by as much as 40%, with an average inaccuracy of 10%+, in my opinion.

I may eat these words later, but I don’t think automated software will ever replace seeing a home and objectively weighing all the subjective features of a home.

…Then again, long ago some said TV was just a fad and would never surpass radio.

"Good morning Gary! I am a Canadian that has always had a life long dream of moving to San Diego. Thinking I might take the plunge to try and avoid this upcoming Canadian winter. What percentage of a down payment do you need in California for a guaranteed mortgage approval? I won't have any credit history in the US. I understand that Nevada is 40%. Please get back to me with any words of wisdom that you might be able to offer. Cheers."

Answer:
Thanks for your email. I forwarded your question to my preferred lender, and his answer is below:

“In California he would also have to put 40% down. Even with 40% down he still needs to have income to qualify for the loan...there are no stated-income loans anymore, so it's full doc just like any loan right now. These type of loans are not that easy anymore.”

THIS WEEK'S FEATURED PROPERTY!
	Immaculate & Sunny Tierrasanta Home Open House Sun 1-4pm BR/BA: 3/2.5 Sqft: 2,038 Price: $599,000 - $640,000 Address: 11374 Via Playa De Cortes San Diego, Ca 92124
– Tierrasanta – "Tierrasanta Norte" canyon home, shows like a model! You'll love the 3-year-new kitch w/ "Tempo Milano Amber" granite countertops, Maple cherry cabinets, stainless steel appliances, & bay window. Enjoy the oversize MBR/MBA suite w/ views, huge walk-in closet, large oval tub, double sinks. Plus cathedral ceilings, FPL, attractive tile & light cherry laminate floors, & plantation shutters. Great backyard w/ canyon views, Tuscan-style travertine patio, palm tree, avocado & lemon trees! Take A Look

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

– Carmel Valley – Foreclosure! Upper end “East Bluff” condo overlooking greenbelt. 2-car garage, interior laundry, FPL. Contact Me
2BR/2BA, 942 sqft
Loaned to 390K >>> To be 200s?
– Chula Vista – Foreclosure! Cute house w/ hardwood floors, 2-car garage, nice yard, in great Hilltop neighborhood. Contact Me
3BR/2BA, 1444 sqft
Last sold @ 516K >>> To be low/mid 200s?
– 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! 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?
– Clairemont – Foreclosure! Cute 3BR house in rapidly upgrading neighborhood near Bay Park. Large 7000 sqft lot. Contact Me
3BR/1BA, 1168 sqft
Recently appraised @ 500K? >>> To be 300s?
– Downtown – Foreclosure! Beautiful & spacious 1BR “Treo” condo built in 2003. Gas FPL, washer/dryer in unit, more. Contact Me
1BR/1BA, 707 sqft
Recently appraised apx 423K+ >>> To be low 200s.
– 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?
– East 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
– Encanto – Foreclosure! Spacious 2-story 1984-built home on quiet street. 2-car garage, nice yard. Contact Me
4BR/3BA, 2088 sqft
Recently loaned to 510K >>> To be high 200s?
– 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?
– 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! Breathtaking ocean views from this one-level oceanfront condo @ 333 Coast Bl. Contact Me
2BR/2BA, 1342 sqft
Last sold @ 915K >>> To be 700s/800s?
– 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?
– Mission Hills – Foreclosure! Modern yet quaint 1923-built home on a quiet lush canyon. Many upgrades, hdwd floors, FPL. Contact Me
2BR/2BA, 1848 sqft
Loaned to over $1M >>> To be in 800s?
– Nestor – Foreclosure! Ranch-style home w/ 2-car garage, fireplace, good-size backyard. Contact Me
3BR/2BA, 1152 sqft
Last sold @ 395K >>> Price TBD
– Nestor – 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
– 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?
– 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?
– 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?
– 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 Penasquitos – Foreclosure! 1983-built 1-level home in Trailwood w/ tile roof, a/c, covered patio. Near park. Contact Me
3BR/2BA, 1571 sqft
Appraised @ 525K+ >>> To be mid 400s?
– 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! 6-year-new home near Cal State San Marcos. More info to follow. Contact Me
4BR/3BA, 2358 sqft
Last sold @ 615K >>> To be low 400s?
– Spring Valley – Foreclosure! Great 1st-time home or rental w/ garage, a/c, mountain view from backyard. Contact Me
3BR/1BA, 1020 sqft
Last sold @ 312K >>> To be 200K?
– Spring Valley – Foreclosure! Large home on private culdesac w/ open view, oversize backyard, 2-car garage. Contact Me
5BR/3BA, 2115 sqft
Recently appraised apx 650K >>> To be 300s.
– University City – Foreclosure! Beautiful, open & bright condo w/ many new upgrades. Walk to shopping, bus, banks, etc. Contact Me
1BR/1BA, 692 sqft
Last sold @ 293K >>> To be 100s?
– 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!)

Gorgeous newer home with mountain views. Entertainer’s backyard, stunning kitchen.

4 Bed, 3 Bath 2,462 Sqft Price: $394,900 Last sold @ 593K

Gorgeous 2-story home next to Bay Ho w/ curb appeal, palms galore, breezy MBR w/ vaulted ceilings.

3 Bed, 3 Bath 2,294 Sqft Price: $599,000 - $640,000

Big newer home w/ panoramic Otay Lake & mtn view, granite, hardwd, 3car garage.

5 Bed, 3 Bath 2,578 Sqft Price: $405,000 Last sold @ 725K

Upgraded “River Colony” condo: Community pool/spa, fitness center, patio balcony, cozy FPL.

2 Bed, 2 Bath 977 Sqft Price: $237,900 Last sold @ 395K

Beach cottage w/ 2-car garage, partial ocean view, small yard, quiet street.

2 Bed, 1 Bath 758 Sqft Price: $399,900 Recent appraisal 644K+

Immaculate, sunny canyon-view home—shows like a model! 3-yr-nu kitchen w/ granite & maple. FPL, a/c.

3 Bed, 2.5 Bath 2,038 Sqft Price: $599,000 - $640,000!

hort sale! Mint 1-level “Lucera” condo w/ garage, many upgrades. Great community near UTC, 805.

2 Bed, 2 Bath 848 Sqft Price: $270,000 Last sold $482,500

MORE GREAT HOMES & INVESTMENTS (Your Home Here!)

Panoramic, unobstructable views of bay, ocean, sunset, fireworks, nightlights. 2-story w/ RV garage.

3 Bed, 2 Bath 2,223 Sqft Price: $785,000!

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

3 Bed, 2 Bath 1,380 Sqft Price: $105,000! Last sold @ 269K

7-yr-new 2-story house across from huge park w/ playground. New paint & flooring.

4 Bed, 2.5 Bath 2138 Sqft Price: $350,000! Last sold @ 640K

Upgraded home w/ expanded maple/ granite/ stainless kitchen, hdwd floors, a/c, large rooms, quiet str.

3 Bed, 2 Bath 1445 Sqft Price: $395,000 to $430,000

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

Spectacular home on .98 acres w/ FPL, travertine, hardwood, granite. Panoramic mountain views.

4-5 Bed, 2 Bath 3,046 Sqft Price: $419,900 Last sold @ $690,000

2-story family home in “Miller Ranch” community, 2-car garage.

3 Bed, 2.5 Bath 1615 Sqft Price: $285,000 Previously appraised @ 467,500

Lovely home w/ upgraded kitchen & baths, new paint, a/c, large yard, near community pool. Short Sale.

3 Bed, 2 Bath 1179 Sqft Price: $375,000

Mint, upgraded 2005-built top-floor “Lido” condo in security building, inside laundry, more.

3 Bed, 2 Bath 1,538 Sqft Price: $475,000 Last sold @ 707K

Great starter home w/ 2-car garage on spacious 9000 sqft lot. 2-car garage, big yard.

3 Bed, 2 Bath 1,099 Sqft Price: $319,900 Last sold @ $430,000

2BR+loft condo w/ 2-car garage, mountain views, FPL, in “Provencal” gated community.

2 Bed, 2 Bath 1,322 Sqft Price: $329,900 Last sold @ $475,000

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

Upstairs condo w/ shared garage, patio balcony, end-unit, great starter home.

2 Bed, 1 Bath 882 Sqft Price: $84,900! Last sold @ $140,000

Single-level home on .5 acre lot! 1000sqft detached workshop, huge covered patio.

4 Bed, 2 Bath 1,644 Sqft Price: $387,000 Last sold @ $502,500

Spacious manufactured home in Warner Springs Estates.

3 Bed, 2 Bath 2,037 Sqft Price: $89,900 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.