• 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
If you’re buying or selling a San Diego home under $500,000 right now, you might be feeling a sense of déjà vu. 2009 is feeling a LOT like 2003: homes selling in days with multiple offers over list price.

…YOU CAN SELL YOUR HOME NOW! Recently, it seemed you could only sell your home if you gave it away. But 2009’s market has vastly improved. Prices have even ticked up in some price ranges. If you’re considering selling, call or email me asap: (858)457-KENT, Gary@GaryKent.com. You may be pleasantly surprised.

…Have you registered yet for my free seminar coming up Saturday August 1st, 10AM to noon? We still have seats available for my seminar, “How To Buy A Foreclosure In San Diego.” Click for flyer. Please feel free invite a friend or tell a friend. See you there.

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

…The (in)famous Watergate hotel has just been foreclosed on. The Watergate is one of many hotels falling to foreclosure, including our own W hotel.

…Follow me on Twitter or become a Facebook fan. I “tweet” about real estate in general and San Diego in particular.

This Week’s Free Offer:
Find Out Your Property Value FREE, Right Over The Phone
If you're planning to sell, knowing your property value is vital. Now you can quickly, easily find out the value of your San Diego home (or other property) free, right over the phone.

True Story: Full House
An agent in upstate New York was assigned a foreclosure. When he checked to see if anyone was living there, he found the previous occupants had moved out but left behind 39 cats, 10 dogs, 3 geese, 1 goat, and quite a few chickens. He was good enough to arrange for a new home for these “occupants”.

Top 10 States With The Highest Cost Of Living
The Missouri Economic Research and Information Center averaged the indices of six categories: groceries, health care, housing, transportation, utilities, and “miscellaneous”. Here’s their list, with a baseline average of 100:

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? 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.

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

"What do you think of buying a home at a foreclosure sale down at the courthouse?"

Answer:
For sophisticated investors, it can pay off well.

However, there are many very real risks and downsides to buying at a trustee sale:

• 1. All sales are 100% final the moment your bid is accepted.



• 2. Sales are As Is with no inspections (unless the property is vacant and open and you trespass to enter it)



• 3. There are absolutely no contingencies.



• 4. You can’t get a mortgage to buy the property. You must bring cashiers checks to the trustee sale and pay immediately once your bid is accepted.



• 5. Sales are subject to existing liens and encumbrances, so a title search is necessary to help assure (but not guarantee) that you won’t inherit any liens.



• 6. If occupied, you would have to evict the occupant.



• 7. Occupants could damage or steal from the property before moving. For example, I’ve seen people pour concrete down the drains or take the kitchen with them when they move.

If you want a foreclosure, I advise clients to buy after the bank has foreclosed and eliminate all these risks.

If you still want to try it, you may make some money, or lose some.

Good luck.

"We’re thinking of selling, but the market has been so bad. What’s the market like right now? How long would it take to sell?"

Answer:
Good news. We are seeing some improvement in the market. How long it takes to sell depends on the price range of your home…

If your home is valued under $500,000, the market is red-hot and your home may sell in a matter of weeks or even days, perhaps with multiple offers.

If it’s $500,000-$800,000, it may take a month or two. Still excellent by historical averages.

And if your home is over $800,000, if you hire a skilled agent and are realistic on price, it can also sell in a few months.

If you’re interested in selling your home email me at Gary@GaryKent.com or call me at (858)457-KENT and I’ll be happy to talk with you.

"We've followed your road to success to the top of the Real Estate market. CONGRATULATIONS!! Your hard work has definitely paid off. A little about us. We are both retired and are interested in purchasing a house for some family members who need assistance. It seems that first-time home buyers are able to make purchases with as little as 3% down but we would be considered "investors" and would need to place a 20% downpayment. Why is this so?"

Answer:
Even though you plan for family members to live in the home, the bank still treats it as a rental. And rental properties statistically have a higher default rate.

So banks require a higher down so that A) You have more “skin in the game” and B) they have a greater cushion against loss if you were to default.

THIS WEEK'S FEATURED PROPERTY!
	Gorgeous & Upgraded San Marcos Home BR/BA: 3/3 Sqft: 2,315 Price: $524,900 - $549,000
– San Marcos – An old-fashioned regular sale! This gorgeous & upgraded private home offers distant ocean views, large lot, lovely MBR suite upstairs w/ FPL & balcony, sharp kitchen, family room & living room w/ FPL & no neighbors behind or next door! Plus beautiful landscaping, grassy backyard, ideal for entertaining w/ cool ocean breezes. Downstairs has 2nd MBR & other bedroom. No mello-roos or HOA fees. Close to Lake San Marcos, golfing & shopping. View Info

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

New– 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! 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?
– 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?
New – 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?
– 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?
– 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?
– Oceanside – Foreclosure! 2-story “Williams Ranch” family home w/ 2-car garage, quiet community. Contact Me
3BR/2.5BA, 1436 sqft
Previously appraised @ $398,400 >>> 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?
– 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! 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! 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! 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?
– 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
– Spring Valley – Foreclosure! Upstairs condo w/ shared garage, patio balcony, end-unit, great starter home. Contact Me
2BR/1BA, 882 sqft
Last sold @ $140,000 >>> To be in the 70s
– 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!)

Extremely affordable one-level condo in centrally located complex. FHA/VA financing OK.

2 Bed, 1 Bath 909 Sqft Price: $139,900!

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

Spacious newer Santa Fe Hills home. 3-car garage, nice backyard! Needs kitchen & bath.

3 Bed, 3 Bath 2,006 Sqft Price: $319,000 Last sold @ $515,000

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

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

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

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

3-yr-new “Old Creek Ranch” home w/ spacious floorplan, view, great family area!

4 Bed, 3.5 Bath 3,090 Sqft Price: $544,900 Last sold @ $740,500

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!

Large condo, feel more like a house. Small 6-unit complex, huge master bedroom, 2-car garage!

3 Bed, 2.5 Bath 1,824 Sqft Price: $238,000 Last sold @ $440,000

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.