• 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
Just found out my team and I were #2 in U.S. for RE/MAX thru July. That’s our highest spot ever. And it’s all because of loyalty, business, & referrals. We couldn't do it without you… Thank You!

FREE SEMINAR TOMORROW Saturday 9/26 10am-Noon
How To Short Sale Your Home Or Rental”
Saturday 9/26 10am-Noon
If your loan balance is too high to sell, but you need to sell, a short sale is likely your best option. Come learn all you need to know, including your odds of qualifying. (This is NOT about buying short sales.) Click here to register.

…Did you register yet for my other free seminar Saturday 10/24 10am-Noon? It’s “How To Buy A Foreclosure In San Diego.” Foreclosures are a huge % of homes for sale. If you don’t know how they differ from buying a “regular” home, you’re in for a rough ride. I’ll share inside info to help you land a good deal on an “REO”.

…Tune in and hear me this Sunday at 7am on 1360AM before the Chargers pregame show. I’ll be on the “Save Money San Diego” show talking about buying foreclosures and real estate in general.

...Who writes this stuff? Realtors have asked where I buy this e-newsletter because they want to send it as their own to their clients. For better or worse, I type every keystroke, usually around 6am. That might explain the typos!

…If you’re a first time homebuyer and want the $8,000 tax credit, hurry! You must close by Nov. 30. (For More See Below - Unlikely Proposal....)

…Ever heard of “The 7 Deserted Wonders Of The Postmodern World”? It’s odd and interesting.

…What kind of home can you buy for $150,000 in different cities around the world?
Find out

…Follow me on Twitter or become a Facebook Fan.

Unlikely Proposal To Extend Homebuyer Tax Credit, Raise To 15K, End Income Limits
The current $8,000 first-time homebuyer tax credit expires on Nov. 30. There is legislation in the Senate and House to extend it and expand it to $15,000 for any buyer of any home over the next year. It would remove income caps, currently $75,000 (individual) and $150,000 (couples). With the government worse than broke, there is significant opposition to the bills and passage looks shaky.

Quick Real Estate Tip #8
What's your home worth? Zillow.com may help...or be off by 30%. Use it for entertainment, not to determine actual value.

Top 10 Least Affordable U.S. Metro Areas
Affordability was based on median family income relative to required mortgage payment. Here is CNBC.com’s ranking of the 10 least affordable metro areas and the percentage of affordable homes:

1.--- 13.9% ---New York-White Plains-Wayne, NJ/NY
2.--- 20.6% --- San Francisco-San Mateo-Redwood City, CA
3.--- 20.7% --- San Luis Obispo-Paso Robles, CA
4.--- 25.5% --- Nassau-Suffolk, NY
5.--- 26.9% --- Los Angeles-Long Beach-Glendale, CA
6.--- 27.9% ---Ocean City, NJ
7. --- 29.1% --- Santa Cruz-Watsonville, CA
8.--- 32.5% ---Miami-Miami Beach-Kendall, FL
9.--- 33.5% --- Santa Ana-Anaheim-Irvine, CA
10. -- 33.9% -- El Paso,TX

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 $450 Home Appraisal & FREE $300 Home Inspection!
For a limited time, you’ll receive $750 in free services when using us as your Realtor to buy a home or investment property and one of our preferred lenders for your home loan. For more details or to take advantage of this offer, call us @ (858)457-KENT.

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 learn the truth about:

• - With 12% of U.S. mortgages are behind, is there a new wave of Alt-A, Option ARM, & Prime foreclosures coming?
• - Should you buy before home prices climb out of your reach?
• - Bailouts, loan “mods”, moratoriums...what’s REALLY going on?
• - Top 10 San Diego neighborhoods with the best REO deals today
• - Wise, timely words millionaire Baron Rothschild said in the 1800s
• - 5-step plan to getting a great value on a foreclosure in 90 days
• - When Homebuyers can put 3% down and investors 10% down
• - 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 #1 mistake people make when offering on an REO
• - Traps in the small-print that banks make you sign
• - The truth about a home that’s a “short sale”
• - How much banks negotiate off their price
• - What to watch out for in an REO
• - Much more

"Hi Gary... When you buy a home, you have it appraised, so do you really need to pay for an inspection too? Wouldn't the appraiser tell you if he finds any problems?"

Answer:
Great question. The appraiser's job is to determine a value for a home. If he or she happens to see a glaring problem, yes, they'll note it. But finding problems isn't their job.

You want to hire a certified home inspector to perform a thorough home inspection. He or she will explain their findings and tell if you if there's anything you should be concerned about.

"We'll be calling you to sell our home shortly. In the meantime, we have a question. What's the correct range for value range pricing? We've seen wide ones and narrow ones and wanted your opinion."

Answer:
Value range pricing is a bit unusual and rarely used outside of San Diego, so many people don't really understand how the strategy works.

I've seen ranges from as little as $1 to as much as 100% of the price (e.g. $1 to $750,000).

While there's no "correct" range, I usually see around 5%. However, I’ve found the ideal range to be about 10%.

"Is it possible to invest in real estate with your IRA?"

Answer:
Absolutely.

In fact, I’ve done it before and am buying an investment property right now with my IRA.

There are some rules you need to follow. One of the major ones is that you cannot live in the home you buy with your IRA.

And you need to have an IRA “custodian” that allows you to invest in real estate. There aren’t many, and your stockbroker almost certainly doesn’t.

If you’re interested in buying with your IRA, give me a call.

THIS WEEK'S FEATURED PROPERTY!
	Delightful Remodeled Pacific Beach Home Open House: Sun 1-4pm BR/BA: 3/2.5 Sqft: 1,717 Price: $575,000 - $625,000 Address:2383 Beryl St San Diego, CA 92109
– Pacific Beach – Offers stunning remodeled kitchen w/ raspberry-mocha granite, wood cabinets, & breakfast bar. You'll also enjoy the MBR w/ partial bay views & slate FPL, lovely upgraded baths w/ granite & porcelain tile showers, slate FPL in living room, travertine, mirror wardrobes, recess lights, cool breezes, forced heating & a/c, 2 patio balconies + covered patio area! Great for entertaining! 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! Duplex: 2 separate 2BR houses, one is oversize at 1269 sqft. West Clairemont near bay. Contact Me
2BR/1BA 1269sqft + 2BR/1BA 758sqft
Last sold @ 665K >>> To be 400s?
– 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! "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! 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?
– Linda Vista – Foreclosure! Low-priced condo conversion near Mesa College, freeways. Need 25% down or possibly all cash. Contact Me
1BR/1BA, 554 sqft
Last sold (unknown) >>> To be 70K?
– Linda Vista – Foreclosure! Great affordable condo for 1st-time buyer or investor. Near 805 and 163 freeways. Contact Me
1BR/1BA, 554 sqft
Last sold 265K >>> To be 70K?
– 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
– 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?
– Ramona – Foreclosure! Attractive .49 acre horse property w/ canyon vu, FPL, 2car garage, culdesac. Built 1988. Contact Me
3BR/2BA, 1693 sqft
Loaned to 454K >>> Now mid 300s?
– 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?
New – San Carlos – Foreclosure! Affordable “Carefree” condo w/ only one common wall. Walk to Mission Trails Park! Contact Me
2BR/1BA, 880 sqft
Last sold @ 253,500 >>> To be 100s?
New – San Elijo / San Marcos – Foreclosure! Stunning 6-year-new home in gated “Westcliffe” on culdesac w/ panoramic views. Contact Me
5BR/4.5BA, 4302 sqft
Loaned to @ $919,000 >>> To be 700s/800s?
– 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! Two detached 3BR houses w/ 2car garage, yard, both inside laundry. Live in one + rent other. Contact Me
3BR/2BA + 3BR/1BA
Last sold 642K >>> To be hi 200s??
– Spring Valley – Foreclosure! Sharp family home on oversize .24 acre lot w/ 2-car garage, large yard, more. Contact Me
3BR/2BA, 1280 sqft
Last sold 265K >>> 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! Lovely “Villa Vicenza” complex. Walk to UTC, Whole Foods, Aventine restaurants. Contact Me
2BR/2BA, 1001 sqft
Last sold @ 444K >>> To be high 200s?
New– Vista – Foreclosure! Culdesac home w/ panoramic views, ocean breezes, FPL, RV parking, 2-car garage, more. Contact Me
3BR/1.5BA, 2424 sqft
Loaned to 424K >>> To be high 200s?
– 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!)

Cute cottage w/ distant bay views, hardwood floors, appealing kitchen, 2 car garage & more.

2 Bed, 1 Bath 758 Sqft Price: $379,900 Loaned to 580K

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: $105,000! Last sold @ 269K

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

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

Enjoy downtown living at “Symphony Terrace”. Complex has pool/spa, fitness, sauna.

1 Bed, 1 Bath 673 Sqft Price: $174,900 Last sold @ 292K

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

Modern yet quaint 1923-built home on a quiet lush canyon. Many upgrades, hdwd floors, FPL.

2 Bed, 2 Bath 1,848 Sqft Price: $732,600 Loaned to over $1M

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

3 Bed, 2 Bath 1,538 Sqft Price: $470,000 Last sold @ 707K

Cute recently remodeled kitchen. Walk to park, restaurants, shops. Has fountain, Jacuzzi, deck, garage.

2 Bed, 1 Bath 832 Sqft Price: $425,000

Remodeled 1-level beachfront penthouse condo w/ panoramic whitewater ocean, beach, sunset views!

2 Bed, 2 Bath 1000 Sqft Price: $1,175,000

Cute townhome in “Bay Terraces”. Open floorplan, 1-car garage, laundry.

2 Bed, 1 Bath 840 Sqft Price: $70,000 Previously valued @ 281K

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

Great 1st-time home or rental w/ garage, a/c, mountain view from backyard.

3 Bed, 1 Bath 1020 Sqft Price: $170,000 Last sold @ 312K

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.