Welcome To The Latest Issue
Have you
registered yet for my free seminar next Saturday, 10AM-noon @ UTC? There are a few seats available for “How To Buy A Foreclosure in San Diego.” If you’re thinking about buying a home or investment property this year, you’ll want to attend.
…Bet you don’t know that “zip” (as in zip code) is an acronym for Zone Improvement Plan.
…Did you hear about the couple arrested trying to buy a home in Olrando? The small complication: they were using funds from a $1,772.50 deposit that had erroneously showed up in their bank account as $177,250. The wife said her husband, a roofing installer, often got large checks and she didn’t know there was an error. I don’t think the jury is going to buy that one…
Job Opening: Full Time
Need someone to help process simple property value appraisals (called BPOs) for bank foreclosures. BPO, appraisal, or real estate experience required. Must be fast typist and hard worker. Email resume to ClientSV@GaryKent.com
Funny Street Names & Intersections:
Antonio & Banderas - Rancho Santa Margarita, CA
Big Bucks Terrace - Poway
Chemin de la vache cornée (Cow Cornea Way) - France
Easy Street - San Diego
Grinn & Barret - West Chester, OH
Haveteur Way (Have It Your Way) - San Diego
Hickory, Dickory, & Dock - Harahan, LA
Forbes’ Top 10 U.S. Cities With RISING Home Sales
According to Forbes.com, motivated sellers in these cities are fueling deals and hastening recoveries:
- Las Vegas, NV
- Sacramento, CA
- San Diego, CA ***
- Los Angeles, CA
- Detroit, MI
- Phoenix, AZ
- San Francisco, CA
- Washington, DC
- San Jose, CA
- Atlanta, GA
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:
ATTENTION HOMEBUYERS:
FREE $450 Home Appraisal & FREE $300 Home Inspection
For a limited time, you’ll receive $750 in free services when you agree to use us as your Realtor to buy a home or investment in San Diego, get a mortgage from one of our preferred lenders, and use any professional home inspector. 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.
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
"I want to buy a foreclosure, but I need to sell my home first. Will the bank consider a trade?"
***ANSWER:
Sorry, banks will not consider trades.
Anticipating what I’m guessing is your next question, banks will not consider an offer contingent on selling your home either.
Your best option would normally be a bridge loan, used if your home is already sold or on the market. But I don’t know of anyone making bridge loans right now.
That leaves a home equity line, assuming you have enough equity in your home for the down payment on your next home and qualify for both loans.
Equity lines are available at 75-80% of your home’s value, but you need to secure the line before you list your current home. There are a few banks and credit unions offering them.
If you’re interested, call or email me and I’ll put you in touch with a great lender.
HomeSELLING Question
"How long does it take to sell a home in this market? "
***ANSWER:
Great question.
The market is NOT behaving like most people think. Based on all the gloomy headlines, most people who call me about selling a home anticipate that it will take many long months.
That’s not necessarily true. In fact, we’re actually in a bizarre market right now.
On the one hand, it can be SLOW…
Price your home too high or get a dud of an agent and it can sit for many long months on the market and never sell.
On the other hand, it can be FAST…
If you price your home correctly and have a good agent, most homes will sell in about 60 days or less. Some in a matter of a few days. (I just sold one in four days for exactly the price I’d told the owner to expect.)
So if you’re thinking of selling, get a good agent and price your home right and the odds are you’ll be moved within a few months.
To talk to me about selling your home, call me at (858)457-KENT.
Investing or Financing Question
"I’d like to start real estate investing. Is it possible to get a positive cash flow if a buy a house or condo?"
***ANSWER:
For my first 24 years in real estate, when you bought a rental in San Diego the question was always, “How much will my negative cashflow be?”
Now, I can finally answer that, YES, you can get a positive cashflow.
Of course, literally speaking, the answer was always “yes”…if you were willing to put down 30%, 40%, 50% or more.
But now, in many cases, you can put down 20-25% and get a small positive cashflow (even BEFORE factoring in the tax benefits), especially if you personally manage the property &/or do the maintenance.
And on many properties, 25-30% should do the trick and get you a small positive if you have that work professionally done; again we’re talking before the tax benefits.
Notice that I’ve said “in many cases” and “on many properties”.
That’s because you’re not going to buy a house in La Jolla or Carlsbad or Scripps Ranch and get a positive cashflow w/ 25% down. The numbers won’t work.
Generally speaking, we’re talking about houses under $300,000, condos under $200,000, and 1-4 units under approximately $200,000 per unit.
But don’t take this is a magic formula. You’ve got to analyze each property individually.
And remember, the tax benefits should make the numbers even better for you.
If you want to discuss buying an investment property, call me at (858)457-5368 and we’ll help you analyze and find a property that should bring you a positive cash flow.
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! |
 |
Desirable
Townhome In Chula Vista
- BR/BA: 3/3
- Sqft: 1,336
- Price: $199,900
|
|
– Chula Vista – Foreclosure!
Great townhome in desirable "Capria at The Summit" community w/ views! Offers nice kitchen w/ tile flooring, ocean view from MBR, 2-car tandem garage, patio balcony, laundry room & more!
View Details
3BR/3BA, 1,336 sqft
Recently sold @ ??? >>> Now $199,900. |
"COMING SOON"
(Click
Contact Me to be contacted BEFORE these properties hit the market!)
– 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?
– City Heights – Foreclosure!
Upstairs 1BR condo in gated complex. Quick access to 94 freeway. Great investment.
Contact Me
1BR/1BA, 680
Last sold @ 178K >>> Now 70s?
– Clairemont – Foreclosure!
Affordable N. Clairemont home w/ 2-car garage. Quick access to 52 freeway.
Contact Me
4BR/2BA, 1176 sqft
Previously appraised @ 441K+ >>> Now $209,900!
– 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!
Cute condo in Little Italy w/ high ceilings, upgraded finishes, oversize 267 sqft balcony.
Contact Me
1BR/1.5BA, 898 sqft
Last sold @ 541K >>> To be in the 200s?
– 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-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?
New – El Cajon – Foreclosure!
Handsome 1990-built 1-level detached condo w/ 2-car garage. Feels just like a house.
Contact Me
3BR/2BA, 1298sqft
Last sold @ 387K >>> To be high 100s?
– Encanto – Foreclosure!
Attractive 80’s built home w/ pool, spa, tri-level patio, granite kitchen, 2-car garage, more.
Contact Me
4BR/3BA, 1907sqft
Last sold @ 560K >>> To be 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?
– 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?
– La Mesa – Foreclosure!
End unit condo w/ mountain views, open floorplan, only 1 common wall. Needs some TLC.
Contact Me
2BR/2BA, 1200 sqft
Last sold @ 315K >>> To be mid/high 100s?
– 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?
– Logan Heights – Foreclosure!
Cute little house w/ 2-car garage, nice yard, newer windows, large patio.
Contact Me
3BR/2BA, 1050 sqft
Last sold @ 369K >>> To be in the high 100s?
– 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!
Sharp 6-year-new home w/ open views in quiet neighborhood. Large backyard.
Contact Me
4BR/3BA, 2190 sqft
Last sold @ 489K >>> To be low 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?
– 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!
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!
Newer luxury home on .59 acres. Has granite counters, plantation shutters, 3-car garage.
Contact Me
4BR/3.5BA, 3310
Last sold @ ??? >>> Now high 400s?
– 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.
– 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?
– 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?
New – University City – Foreclosure!
Cute condo, fully renovated 5 years ago. Quiet complex near UTC mall.
Contact Me
1BR/1BA, 597 sqft
Recently appraised @ 334K >>> To be high 100s?
– University City – Foreclosure!
Cute 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?
– Valley Center – Foreclosure!
Contact Me
3BR/2BA, 1464 sqft
Last sold @ 425K >>> To be high 200s?
– Vista – Foreclosure!
Stunning 2-year-new luxury home on .57 acres. 3 car garage, huge yard, many upgrades.
Contact Me
4BR/3.5BA, 2588sqft
Last sold @ 861K >>> To be 600s…500s…???
– 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?
NEWLY LISTED (Your Property Here!)
 |
– La Mesa – Foreclosure!
Mid-century home w/ hardwood floors 8000 sqft lot. Needs new kitchen, baths, windows.
Property Features
3BR/2BA, 1272sqft
Last sold @ 427K >>> Now $192,900!
|
MORE GREAT HOMES & INVESTMENTS (Your Home Here!)
 |
– Campo – Foreclosure!
Huge home on 1.31 acres w/ barn, + 2 additional buildings. 2 kitchens, ideal for 2 families.
Take A Look
4BR/2BA, 3601 sqft
Last sold @ 465K >>> Now $377,000 |
 |
Sold – Carmel Mtn Ranch / Rancho Bernardo – Foreclosure!
Attractive 1989-built house with views of the golf course. Great neighborhood & schools!
MLS Search
4BR/2.5BA, 1689 sqft
Recently sold @ ??? >>> Now $500,000. |
 |
– Encanto – Foreclosure!
Recently renovated 4BR/2BA, 1339sqft home on overize 7200 sqft lot.
Check It Out
Last sold @ 450K >>> A steal @ $143,900 |
 |
– 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 $129,500! |
 |
– 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 $259,900! |
 |
– 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 $195,500! |
 |
– 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 |
 |
– 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!
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 $439,900! |
 |
– Julian – Foreclosure!
Charming older house on .24 acre lot. Needs some TLC.
View Details
3BR/2BA, apx 1500 sqft
Last sold @ 230K >>> Now $189,900? |
 |
Back On Market – La Mesa – Foreclosure!
Vintage 1930-built house on .27 acres. 2-car garage & many extras.
Check It Out
3BR/2BA, 1338 sqft
Last sold @ 450K >>> Just $294,900 |
 |
– Lakeside – Foreclosure!
Spacious single family home on .28 acre lot with 2-car garage.
View Details
3BR/1BA, 1719 sqft
Recently appraised at ??? >>> Now $327,600! |
 |
– 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! |
 |
– National City – Foreclosure!
Three bedroom house on huge 17,100 sqft lot. East of 805, south of E. Plaza.
Take A Look
3BR/1BA, 1170sqft
Recently appraised @ 378K+ >>> Now $166,400! |
 |
– 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 $254,900 |
 |
– North Park – Foreclosure!
Gorgeous Spanish 1936-built home: archways, hrdwd floors, FPL, crown molding, coved ceilings.
Take A Look
2BR/1BA, 1071 sqft
Last sold @ 550K >>> Now $289,900.
|
 |
Open House Sun 12-3. (1/25/09) – Pacific Beach –
Eclectic "Flamingo House" in "Pacifica" has bonus room w/ bay view, big private bkyd, pool, spa, 3 FPL, more.
Contact Me
3BR/2.5BA, 2290sqft
$950,000!
Address: 2559 San Anselmo St, 92109
|
 |
– Phoenix AZ: 12 APARTMENTS –
Great central location. Units are 4 3BR, 4 2BR, and 4 1BR. Just $550,000.
For More Info: Call Terry Kass @ (602) 703-5277 |
 |
– Phoenix AZ: 44 APARTMENTS –
Lovely 3BR/2BA, 1967sqft home, .48 acre lot, pool.
Just $2,000,000.
For More Info: Call Terry Kass @ (602) 703-5277 |
 |
Reduced 15% – Ramona – Foreclosure!
Cute condo just off Main Street in downtown Ramona.
Take A Look
2BR/1BA, 884 sqft
Recently appraised @ 231K+ >>> Now just $84,900 |
 |
– San Marcos – Foreclosure!
“Santa Fe Hills” home w/ wood floors & large yard. Xlnt neighborhd w/ community pool/spa.
Take A Look
3BR/2BA, 1315sqft
Last sold @ 500K >>> Now $285,000! |
 |
– 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 $202,500! |
 |
Reduced – 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 >>> $195,000 |
 |
– Santee – Foreclosure!
Vintage 3BR/2BA house on large 6969 sqft lot. More info to follow.
Check It Out
Recently appraised @ 425K+ >>> Now $249,900 |
 |
– Santee – Foreclosure!
Affordable, updated “Riderwood Gardens” condo w/ garage.
Check It Out
3BR/2BA, 1144 sqft
Recently appraised @ ??? >>> Now $159,900 |
 |
– Spring Valley – Foreclosure!
Affordable 2BR condo in gated Ashford Park complex. Offers cathedral ceilings, FPL, more.
Property Features
2BR/2.5BA, 1020 sqft
Last sold @ 314K >>> Now $129,000!
|
 |
– Tierrasanta – Foreclosure!
Remodeled townhome w/ garage, many upgrades, vaulted ceilings.
More Info
2BR/2.5BA, 1068 sqft
Recently appraised @ 309K+ >>> To be $284,900 |
 |
– Valley Center – Foreclosure!
3.3 acres! Gorgeous house w/ 2-car garage & panoramic views.
Check It Out
3BR/2BA, 1,761 sqft
Last sold @ $595,000 >>> Now $359,900! |
 |
– Valley Center –
Newer high-quality view home on 2.09 acres. Offers pool, 3-car garage, huge yard, orange groves.
Contact Me
4BR/3BA, 2602 sqft
Now $539,000! |
 |
– Vista – Foreclosure!
Very affordable home w/ 2-car garage, full 6300 sqft lot, big yard.
Contact Me
3BR/2BA, 1134 sqft
Recently appraised @ 400K >>> Now $164,900 |
 |
– Vista – Foreclosure!
Charming home on view knoll w/ wood floors, recent remodel, evening lights view, more.
Property Features
2BR/2BA, 1350 sqft
Last sold @ 417K >>> Now $164,300
|
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
Thank you Kent E. for referring an employee to sell a home…
Thank you Marv W. for referring someone to sell a home…
Thank you Sam M. for referring a friend 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.garykent.com
If a friend would enjoy this enewsletter, forward
it to them. To subscribe, email Subscribe@GaryKent.com with
"subscribe" in the subject line.
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. (c) 2009 Gary Kent,
All Rights Reserved.
|
