• 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
Register for my free seminar coming up Saturday August 1st, 10AM to noon: “How To Buy A Foreclosure In San Diego.” Click for flyer. Please invite a friend or tell a friend. Thanks…

…What kind of home can you buy around the world for $150,000? Take a look.

…Follow me on Twitter or become a Facebook fan. I “tweet” about real estate in general and San Diego in particular. And I PROMISE to never give you a status update on what I had for lunch!

True Story: Darned If You Do & Darned If You Don’t
An agent I know had the police and city attorney demand he board up a foreclosed home that has "vagrants". However, because they claim they are tenants, he’d be violating landlord-tenant law and subject to being sued if followed their direction.

Top 10 Safest U.S. Cities To Live
A recent report from CQ Press ranks the crime rates for cities in the United States with over 75,000 residents to determine America’s safest cities:

1. Mission Viejo, CA
2. Clarkstown, N.Y.
3. Brick Township, N.J.
4. Amherst, N.Y.
5. Sugar Land, Texas
6. Colonie, N.Y.
7. Thousand Oaks, Calif.
8. Newton, Mass.
9. Toms River Township, N.J.
10. Lake Forest, Calif.

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 $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 @ 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

"You’ve mentioned how important it is to have a good full-service Realtor if you're selling. We’re buying a home and my friend’s sister has her license. She doesn’t really practice real estate, but she’ll kick us back $5,000. Is it worth the money or should we get a full-time agent?"

Answer:
You can guess my answer. Let me start with a story...

In a sale last year, after the buyer inspected the property, we heard nothing. We called the agent 3 times to see if the buyer was taking it "as is", but no call back.

Finally, the agent called TWENTY-THREE days after the contract deadline to request repairs and asked, "Did you get our repair request?" We never did, nor did he have proof he ever even sent it. Because they missed the deadline, they lost their right to ask for any repairs.

His negligence cost his client $1,000’s in repairs the seller might have agreed to pay if the agent had acted timely. And I don’t think his client ever even found out how what his agent did to him.

Why am I telling you this?

Because in my experience things like this are far from rare, especially with limited service or part-time agents. Real estate transactions are getting more complex by the day and require full-time, experienced agents or "teams" to watch over all the details and protect and serve their clients.

So use a good, experienced, full-time agent.

"I'm going to be selling my home in La Jolla shortly and moving to Rancho Santa Fe. I just refinanced last month and have a pretty current appraisal for $1,420,000. Should I depend on that to price my home?"

Answer:
No!

Some wonderful clients of mine recently had 3 appraisals on their home. Two were for the same amount, but the other was for over 10% higher.

Not only that, but all three appraisals were riddled with errors:

-One appraisal used the list price of a home that never even sold

- Two used sales from a much pricier area nearby but made no adjustment

- All three made little or no adjustment for appreciation or wide differences in views, condition, or location of the "comparable" homes compared to my clients' home

Don’t get me wrong, there are some highly skilled, very accurate appraisers out there. I know several.

But because you won’t know if your appraiser fits that description, NEVER depend on an appraisal to determine what price to ask or expect to receive for your home.

"Are zero down, 100% loans still available?"

Answer:
Yes, but you have limited options:

1. VA

2. Perhaps a quirky special multi-part loan program that involves many hoops.

There are also 3% down FHA and 3% down Fannie Mae (on some Fannie Mae foreclosures)

THIS WEEK'S FEATURED PROPERTY!
	Beautiful Mission Valley Condo BR/BA: 2/2 Sqft: 931 Price: $188,100
– Mission Valley – Foreclosure! Spacious 2BR/2BA in quiet community! Offers open living area w/ laminate "wood" flooring, kitchen w/ tile flooring, spacious MBR w/ direct access to patio, storage closet, ceiling fan, community pool/spa, BBQ, exercise room & more! View Info

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

New – 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?
– 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?
– Mission Valley – Foreclosure! Affordable 1BR condo in west Mission Valley, 5 minutes to Fashion & Mission Valley malls. Contact Me
1BR/1BA, 700 sqft
Recently appraised @ 175K? >>> To be low 100s?
– 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! Beach house w/ private backyard, California room, 2-car garage. Contact Me
2BR/2BA, 1400 sqft
Last sold @ 700K >>> To be high 500s?
New – 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?
New– 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 / San Elijo – Foreclosure! 3-yr-new “Old Creek Ranch” home w/ spacious floorplan, view, great family area! Contact Me
4BR/3.5BA, 3090 sqft
Last sold @ $740,500 >>> 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?
New– 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– 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
– 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
– Vista – Foreclosure! Large condo, feel more like a house. Small 6-unit complex, huge master bedroom, 2-car garage! Contact Me
3BR/2.5BA, 1824 sqft
Last sold @ $440,000 >>> Price TBD

NEWLY LISTED (Your Property Here!)

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

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

Mint, just-remodeled canyon view townhome in quiet “FoxRun”. 2-car garage, high-ceilings, FPL, backyard.

3 Bed, 2.5 Bath 1,562 Sqft Price: $480,000-$510,000

Friendly home on quiet street offers family room, gas/wood FPL, newer carpet and exterior paint, more.

3 Bed, 2 Bath 1,566 Sqft Price: $399,000 to $439,000!

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

Stunning 3-year new single family home 2 blocks to new Otay Ranch Town Center.

4 Bed, 3 Bath 2,342 Sqft Price: $363,900 Last sold @ 625K

Handsome 5-year-new Otay Ranch detached home w/ 2-car garage on culdesac.

3 Bed, 2.5 Bath 1,718 Sqft Price: $299,900 Last sold @ $439,500

Four fixer units w/ lots of parking. Near trolley, shopping, schools. Bring your hammer & paintbrush!

Price: $189,000 Last sold @ 510K

Charming home on huge 10498 sq lot! 1-car garage, hardwood floors, close to trolley.

3 Bed, 2 Bath 1,328 Sqft Price: $113,850 Last sold @ $233,000

Charming older house on .24 acre lot. Needs some TLC.

3 Bed, 2 Bath apx 1500 Price: $117,900 Last sold @ 230K

2003-built home on full lot. Offers bright & open kitchen, large bkyd, RV parking.

3 Bed, 1 Bath 902 Sqft Price: $137,800! Last sold @ 307K

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

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!

Giant .7 acre lot w/ cute house built in 1940. Incredible potential. Needs lots of TLC.

2 Bed, 1 Bath 898 sqft Price: $187,300! Last sold @ $472,500

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.