In This Issue
Welcome! This Week's Special Offer
Welcome To The Latest Issue
Is NOW the time for you to buy a home? It may well be if you
want to buy a low to moderate-priced San Diego home. They’re
experiencing what I call the “Post cash-for-clunkers empty
showroom syndrome.”
Remember when car dealers were slow after Cash-For-Clunkers?
Most of the demand was “used up” by the program and car sales
dropped. I’m seeing the same thing in low/moderate homes because
so much demand was used up during the run to meet the
since-extended 11/30 deadline for the Homebuyer Tax Credit. And
a contributing factor could be the holiday season. I’m no longer
seeing 20-30 offers on homes. More like 1-3.
BOTTOM LINE: This may be a GREAT time for you to buy a home,
especially if you’ve been shut out of the market trying to use
FHA or VA financing. Two of the last three homes I sold used FHA
financing, which banks were shunning for most of this year. This
could be your golden window of opportunity.
…Have you or a friend signed up yet for one or more of my
free seminars coming early next year?
…Credit Tip: “Do everything you can to avoid a 90-day late
payment on any account. It is possible to recover from 30-day
and 60-day lates, but 90's take years to recover your scores. I
would rather have a hundred 30-day lates vs. one 90-day late.
This is why Short-Selling your home is a much better option vs.
Foreclosure.”
---credit repair/improvement expert Derrick Evens
(858-571-0271) who is speaking with me at my upcoming
free seminars, ““How
to Short Sale Your Home or Rental”” and ““How
to Improve Your Credit & Buy A Home” ”
…This Week’s Crazy House: The “Stone
House” in Guimarães, Portugal is definitely one of the
strangest homes I’ve ever seen. What do you think?
…Follow
me on Twitter or become a
Facebook Fan.
Travel Tip For You
A bank client asked me to fly to Salt Lake City for a meeting
last week…that took all of 90 minutes. I bought my $850 plane
ticket on Expedia.com. Later, Kevin in my office enlightened me
that Southwest Airlines doesn’t advertise on such travel sites.
Turns out Southwest.com had flights for half what I paid. : (
Quick Real Estate Tip #18
Investing? The listing agent's "projected" rents and expenses
are usually fantasy #s. Do your own research.
Top 10 U.S. Beaches
This is from
http://www.americasbestonline.com/. I think they missed
Coronado as well as St. Thomas
1. Bahia State Park, FL
2. Hapuna Beach, HI
3. Fort Desoto Park, FL
4. Hulopo’e Beach, Lanai, HI
5. St. Joseph Peninsula State Park, FL
6. Ocracoke Island, NC
7. Kailua Beach, HI
8. Caladesi Island State Park, FL
9. Hamoa Beach, HI
10. Cumberland Island, GA
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:
- 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 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!
Want to buy a foreclosure, but can’t find a website to search
for them? Finally…check out our 100% BRAND-NEW website:
http://foreclosure-hotlist.com/. It’s 2.5 years in the
making (OK, so we were a little slow), but it’s well worth it.
Let me know what you think.
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.
Gary's Real Estate Seminars
FOUR different free seminars for you, family, &/or a
friend to attend:
“How to Invest in Real Estate with Your IRA or 401K”
“How to Short Sale Your Home or Rental”
“How to Improve Your Credit & Buy A Home”
“How to Buy a Foreclosure or Short Sale in San Diego”
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NEW FREE Seminar
"How To Buy Investment Real Estate With Your IRA or 401K"
UTC Mall – Saturday, January 16th, 10am-Noon
Click for Seminar Flyer /
Click to Reserve Your Free Seat
When you attend, you'll discover:
- Invest as little as $50,000...or up to tens of millions
of dollars
- 5 simple easy-to-follow steps to get started buying real
estate
- Tired of low returns or ugly losses in your retirement
account?
- If your IRA buys a rental house, are you allowed to
manage it?
- How to make money tax-free/deferred in your retirement
plan
- How fast & easy it is to buy real estate in your IRA,
401K, etc.
- You may be surprised at what kind of real estate you can
buy
- My experiences buying and selling real estate in my own
IRA
- Can you buy from or sell real estate to your own
IRA/401K?
- Why hasn’t your stockbroker told you about this before?
- “Partnering” with your own IRA...a little-used technique
- Real estate as a major hedge against coming inflation
- How your retirement account can borrow to buy more
- Do THIS & your retirement plan will UNRAVEL (bad!)
- Simple rule-of thumb to analyze cash flow & return
- Take advantage of historic low real estate values
- You’ll laugh when you hear what I told my CPA
- How to write your offer-to-purchase correctly
- How to partner with your family and friends
- Why you need to know “disqualified person”
- Buy your future retirement home NOW
- Buy for “fix & flip” or rental income.
- Bring your questions!
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FREE Seminar
“How To Short Sale Your Home Or Rental”
UTC Mall – Saturday: January 30th 2010, 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?
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NEW FREE Seminar
"HOW TO IMPROVE YOUR CREDIT & BUY A HOME"
UTC Mall – Saturday: January 30th 2010, 1pm-3pm
Click for Seminar Flyer /
Click to Reserve Your Free Seat
When you attend, you'll discover:
- How do I get my score as high as possible?
- What information is used to create my credit score?
- How does my FICO impact my interest rate & down payment?
- If I make all my payments on time, will I have perfect
credit?
- What if I don't have any credit at all, how do I get
started?
- My scores are really low, what should I do?
- I gave up on my credit long ago. Can I ever buy a home?
(Yes!)
- Why you MUST pay your parking tickets
- Why you should almost NEVER pay off a collection debt
- How paying off your credit cards monthly may HURT your
credit
- How long will a bankruptcy affect my credit?
- Will multiple parties checking my credit knock down my
FICO?
- What really is a Credit Score?
- How to qualify for higher loan amounts
- How much must I raise my credit to get a better home
loan?
- Lower closing costs & less paperwork when getting a
mortgage
- Should you close unused credit cards?
- Why you should lease or borrow to buy a car.
- Components of a Credit Score
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FREE Seminar
"HOW TO BUY A FORECLOSURE OR SHORT SALE IN SAN DIEGO"
UTC Mall – Saturday, February 6th, 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?
- - Bailouts, loan “mods”, shadow inventory...what’s
really going on?
- - How to beat multiple offers & get the bank to accept
YOUR offer
- - When homebuyers can put 3% down and investors 10% down
- - Top San Diego neighborhoods with the best REO deals
today
- - How to get banks to pay EVERY PENNY of your closing
costs
- - Should you buy before home prices climb out of your
reach?
- - Auction tricks, traps, and pitfalls that I swear will
shock you
- - How to cut in half the time it takes to close your
short sale
- - Seller doesn’t have THIS? Don’t even offer on a short
sale
- - Free email access to undervalued & foreclosed
properties
- - Short sales...5 things to know before you make an
offer
- - The #1 mistake people make when offering on an REO
- - Traps in the small-print that banks make you sign
- - New website where you can find foreclosures
- - 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
Home Buying Question
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"I’m selling my home and will also be receiving money
from a settlement and would love to roll it over into a
house. I'm not sure if I can though so if I were to hold
the money for awhile am I charged with capital gains
taxes or penalized for not rolling it over into another
property within a certain amount of time?" |
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Answer:
The short answer is no, unless you are selling an investment
property and doing a 1031 exchange.
If you are selling your principal residence, tax law changed
in 1997 and there is no longer any rollover requirement. If you
lived in the home for at least 2 of the past 5 years, you can
exclude $250,000 ($500,000 for couples) of gain. No need to buy
another home.
Please verify the above with your tax specialist.
Home Selling Question
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"I don't agree with this whole value range pricing idea.
It just doesn't make any sense. No one's ever going to
pay any more than the bottom. I'd never sell my home
with it." |
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Answer:
I'm with you. And while we're at it, I don't agree with this
whole electricity thing either. It doesn't make sense that you
flip a switch and a light turns on. I'm not buying it, thank
you. And don't even get me started on bees or hummingbirds--they
shouldn't be able to fly and...
My point: You need not understand something for it to work.
And this quirky little "only-in-San Diego" concept DOES work.
Studies have shown it does and I've used it successfully for 15
years.
Why does it work?
The wider price range opens up a wider range of buyers. Or
you could say the low number gets more people in the door and
the high number gives you a number to negotiate from.
BTW, some clients worry it's misleading to have a low-end
price they'd never accept. And I respect that. So it's important
to understand what "Value Range" is and is NOT saying.
It says, "Seller will ENTERTAIN offers between $X and $Y."
It does NOT say, "Seller will ACCEPT offers between $X and
$Y." If it said "accept", then everyone would indeed just offer
the bottom price.
Hope that clears things up...
Investing or Financing Question
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"Hi Gary. We’ve been trying to buy a home for months,
but because we need FHA financing, we’ve been losing out
to other offers. It doesn’t matter how high we offer,
the bank always takes another cash offer or one with a
big down payment. Any suggestions?" |
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Answer:
Your timing couldn’t be better. See
Welcome To The Latest Issue for the answer to your question.
Hot Properties: Call Now On These Hot New
Listings & Not-Yet-On-The-Market Properties
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THIS
WEEK'S FEATURED PROPERTY! |
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Lovely Clairemont
Townhome
- BR/BA: 3/2
- Sqft: 1,209
- Price: $225,000
|
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– Clairemont – Short Sale!
Offers beautiful Saltillo tile flooring downstairs, full
size W/D, cute patio + balcony, BR's w/ large closets,
brick fireplace in living room & more! Nice quiet
20-unit complex w/ close visitor parking. Washer, dryer,
& frig included.
Contact Me
|
Coming Soon
(Be first to know when these come available!)
– 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!
Upgraded condo w/ 1BR downstairs. Ideal first home or cashflow
rental.
Contact Me
3BR/2BA, 1296 sqft
Last sold @ 354K >>> To be mid-100s?
– 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!
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 / Eastlake –
Foreclosure! Spectacular 5-year-new home w/
mahogany flooring, granite, slate, family room.
Contact Me
5BR/3.5BA, 2382 sqft
Last sold @ 524K >>> To be high-300s?
– Chula Vista / Eastlake –
Foreclosure! Affordable “Eastlake Shores” house
w/ 2-car garage, nice yard.
Contact Me
2BR/2BA, 1012 sqft
Last sold @ 470K >>> To be mid-200s?
– City Heights/ESD – Foreclosure!
Spanish duplex, could be used as 3BR/2BA single family home. Red
tile roof, garage.
Contact Me
2BR+Studio duplex
Loans to 461K >>> To be high 100s?
– Clairemont – Short Sale!
Quiet, updated 3BR/2BA townhome w/ garage, yard, FPL, balcony.
Quick freeway access.
Contact Me
3BR/2BA, 1209 sqft
Last sold @ $352,500 >>> Now $225,000!
– Clairemont – Foreclosure!
Handsome 1975-built 2-story “Mount Street” home on .26
acres, culdesac, sunroom, nice yard.
Contact Me
5BR/2.5BA, 2259sqft
Last sold @ $639,500 >>> To be high 400s?
– Downtown – Foreclosure!
2-year new “Park Terrace” 6th floor unit next to Petco Park.
Offers city & Petco Park views.
Contact Me
2BR/2BA, 1017 sqft
Last sold @ 595K >>> To be 400K?
– East San Diego – Foreclosure!
City Heights bungalow-style house built 1924, but renovated
1974. More info to follow.
Contact Me
4BR/2.5BA, 2006 sqft
Loaned to 537K >>> To be high 200s?
– 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?
– Escondido – Foreclosure!
Sharp “Laurel Valley” 2-story house w/ pool, granite, parklike
view. Near Escond Country Club.
Contact Me
4BR/2.5BA, 1856 sqft
Last sold @ 475K >>> To be 300?
– 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!
Spacious 2BR view home on 1.14 acres. Needs some fixup. Built
1974.
Contact Me
2BR/2BA, 1351 sqft
Loaned to 360K >>>To be 200s?
– 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?
New– Mission Valley –
Foreclosure! 5-year-new “Scala” in Mission
Valley. Near Qualcomm, shopping, dining, movies.
Contact Me
3BR/3BA, 1589 sqft
Last sold @ 428K >>> To be low 300s?
– 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
– Ocean Beach – Short Sale!
Short sale! Stylish upgraded condo w/ hardwood floors,
travertine, private patio. Gated complex.
Contact Me
2BR/2BA, 1050 sqft
Last sold @ 420K >>> Value Range $220,000-$250,000
– Pacific Beach / Mission 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 “Villa Bonita” condo, ideal 1st home or rental. Complex has
tennis, fitness center, pool.
Contact Me
1BR/1BA, 675 sqft
Last sold @ 115K >>> To be 75K?
– 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
– 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?
– 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?
– 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?
– 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
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
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Lovely 7-year-old Lomas Verdes house w/ 2-car garage in
Otay Mesa. |
4 Bed, 2.5 Bath
2116 Sqft
Price: $375,000
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- Chula Vista / Eastlake
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Foreclosure!
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Contact Me |
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Desirable Eastlake Greens w/ BR/BA downstairs, central
a/c, nice yard, 2-car garage. |
3 Bed, 3 Bath
Sqft: 1377
Price: $329,800
Last appraisal @ 419K+ |
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Each unit has garage & nice yard. New paint & carpet!
Walk to dining, movies, shopping. |
2BD/BR 1BD/1BR
Duplex
Price: $374,800.
Last sold @ 555K |
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Gorgeous “Hard Rock” condo-hotel suite in the Gaslamp
Quarter. “Rock Royalty” service & full hotel amenities.
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1 Bed, 1 Bath
459 Sqft
Price: $489,000!
Last sold @ 589K |
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Oversize commercial loft in the Gaslamp’s “Samuel Fox”
building. Granite, 2 parking spaces.
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0 Bed, 2 Bath
1705 Sqft
Price: $169,900
Recently sold @ 468K |
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Lovely redone home w/ spectacular remod kitchen w/
granite & walnut, 2 FPL, partial bay view, 2-car garage.
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3 Bed, 2.5 Bath
1,717 Sqft
Price: $500,000 to
$550,000
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Remodeled 1-level beachfront penthouse condo w/
panoramic whitewater ocean, beach, sunset views!
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2 Bed, 2 Bath
1000 Sqft
Price: $1,099,000
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Attractive .49 acre horse property w/ canyon vu, FPL,
2car garage, culdesac. Built 1988.
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3 Bed, 2 Bath
1693 Sqft
Price: $309,900
Loaned to 454K |
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- San Elijo / San Marcos
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Foreclosure!
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Contact Me |
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Stunning 6-year-new home in gated “Westcliffe” on
culdesac w/ panoramic views. |
5 Bed, 4.5 Bath
4302 Sqft
Price: $859,900
Loaned to @ $919,000 |
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Fieldstone “Summit” home w/ hrdwd floors, oversize BRs,
huge backyard, canyon vu. |
4 Bed, 2.5 Bath
2482 Sqft
Price: $670,000!
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Brand new 2009 construction, re-built virtually from the
ground up. Extreme high quality: granite, etc.
|
4 Bed, 2 Bath
1680 Sqft
Price: $368,000
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Upgraded 1-level condo w/ granite in security building.
Ideal for 1st-time buyer or investor.
|
2 Bed, 2 Bath
892 Sqft
Price: $150,000
Last sold @ 300K |
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Culdesac home w/ panoramic views, ocean breezes, FPL, RV
parking, 2-car garage, more. |
3 Bed, 1.5 Bath
2424 Sqft
Price: $280,000
Loaned to 424K |
Thank You For Your Referrals
Thank you Lindsay for referring your mother to buy a home...
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.garykentteam.com/
If a friend would enjoy this enewsletter, forward it to them.
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