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.
How Long to Wait for Price Reduction After No Offers
Tuesday, 06 August 2013
Question: “Our home has been for sale for over a month and we’ve received no offers and very few showings. How long should we wait before dropping the price?” Answer: You’ve already waited too long! In this still fairly hot market, if your home is on the Multiple Listing Service for two weeks with little
- Published in Q&A - Home Selling Questions
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Can You Require Your Tenants to Pay in Cash?
Wednesday, 31 July 2013
Question: “With the tough economy, a lot of my tenants’ checks have been bouncing. Obviously that makes my life pretty stressful. So I want to tell my tenants that they can only pay in cash. However, a friend of mine said I can’t legally do that…?” Answer: Since January 1, 2005, it’s been illegal for
- Published in Q&A - Home Investing Questions
Can Seniors Sell & Keep Their Low Property Tax Base?
Tuesday, 30 July 2013
Question: “Dear Gary, I’ve been told that the San Diego Tax Assessor will allow a senior citizen to sell their existing house in another county (ie. Orange County), allow you to retain your existing property tax base, purchase a home in San Diego county and forward your original property tax base to the new home
- Published in FAQs, Q&A - Home Selling Questions
Should People Start Considering Adjustable Mortgages?
Wednesday, 24 July 2013
Question: “I read in the paper Sunday that with rates having gone up, people are starting to consider adjustable mortgages. What do you think?” Answer: With our still historically low interest rates, getting an adjustable mortgage would be bad advice for most people. No one can predict the future, let alone the direction of interest
- Published in Q&A - Home Financing Questions
Should You Hire a Team to Sell Your San Diego Home?
Tuesday, 23 July 2013
Question: “I’m planning to sell my home and am deciding if I want to list with a solo agent or a successful team. I think the team idea is a good one and I’d get more action. But I’m concerned that a team may be impersonal and I may be forgotten. Your opinion?” Answer: Before
- Published in Q&A - Home Selling Questions
Can You Borrow Money for a Down Payment?
Wednesday, 17 July 2013
Question: “Is there any rule against borrowing money for a down payment?” Answer: Yes. In fact, I don’t know of any lenders that will make you a home loan if you borrow your down payment, unless you’re borrowing against your own 401K or real estate. As a side note, with certain restrictions, many loans allow
- Published in Q&A - Home Financing Questions
Should an Agent Be Paid Less If They Sell Fast?
Tuesday, 16 July 2013
Question: “I listed my home with an agent and it sold in three days over list price. I asked her to take a lower commission because she didn’t have to work very hard. I know you’re an agent, but don’t you think that’s a little greedy?” Answer: I’ll answer your question with a few questions
- Published in Q&A - Home Selling Questions