Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.
Buying a San Diego Foreclosure at the Courthouse
Monday, 29 March 2010
“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
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How Banks Decide to Approve a Loan
Friday, 26 March 2010
“I have a dumb question. How does a bank really decide if they’re going to make me a loan? What do they look at?” Answer: When a bank decides if they’re going to approve a loan (the decision process is called “underwriting”), they look at the “three C’s”: 1. Character: Mainly your credit history (FICO
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San Diego Open House- 2935 Lloyd- Bay Park
Wednesday, 24 March 2010
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Do Banks Purposely Underprice Foreclosures?
Monday, 22 March 2010
“Do banks purposely way underprice their foreclosures so they can get multiple offers and bid up the price?” Answer: Almost never. If you see a foreclosure priced way below market, one or more people made a mistake. It may have been the agent, the “BPO” agent (who gave a second opinion on value), an appraiser,
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Don’t Rely on Appraisals to Price Your San Diego Home
Friday, 19 March 2010
“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
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Why You Need a Full-Time San Diego Real Estate Agent
Tuesday, 16 March 2010
“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
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Your San Diego Home’s Value & Net From Sale
Saturday, 13 March 2010
“Hi Gary. We own a home in Pacific Beach that we’ll be calling you to sell in a couple of months. But for now we just want to find out the value and how much money we’ll net from the sale so we can do some planning. Can you help us with this?” Answer: As
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Adding a 2nd Story to San Diego Homes
Thursday, 11 March 2010
“We’re looking to buy a house in the I-5 corridor. We either want a view or one where we can build up to get one. How do I know if I can add a 2nd story? What kind of restrictions are there on building up?” Answer: Great question. Here are some things you need to
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Buy San Diego Property w/ Positive Cash Flow
Tuesday, 09 March 2010
“Is it possible to buy a property now and get a positive cash flow?” Answer: Yes. Of course, the answer has always been yes…if you put down 40%, 50%, or 100%! But now you can buy with 20% down (even 10% down on Fannie Mae foreclosures) and get a positive cashflow. It’s even easier to
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7 Disclosure Tips to Help Avoid Being Sued
Saturday, 06 March 2010
“We’ll be selling our home in University City next year. I’m an honest person and plan to disclose everything, even though I don’t know of anything wrong with our home. But with all the lawyers and litigation in California, I’m afraid of being sued by the buyer for some technicality. What can I do to
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