Top 10 Priciest Homes in San Diego County
Thursday, 20 March 2014
What are the most expensive homes ever sold in the county per the San Diego MLS (Multiple Listing Service)? Del Mar took 4 spots on the list, while La Jolla and Rancho Santa Fe took 3 apiece. The winner was a 10,700-sqft oceanfront home with theater, tennis court, greenhouse, pool, health spa and two guest
- Published in Home Selling, San Diego
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Don’t Use Open Houses to Find Your Home Value
Tuesday, 28 January 2014
Question: “Hi Gary. I’m not ready to sell yet, but what do you think about going to open houses to get an idea of what my home is worth?” Answer: Let me tell you a story… There’s a Bay Park home that had been on and off the market for years, usually listed 20-50% over
- Published in Q&A - Home Selling Questions, San Diego
Don’t Use Others’ List Price to Get Your Home Value
Tuesday, 21 January 2014
Question: “Can you compare this listing at [address removed] to our house? It has no garage and is not remodeled like ours, but it’s listed at $725,000. Based on this, don’t you think our home is worth more than $800,000?” Answer: I’d say your house is worth more than the one you referenced. However, as
- Published in FAQs, Q&A - Home Selling Questions, San Diego
Will Starting a Short Sale Prevent Foreclosure?
Wednesday, 01 January 2014
“I’m several months behind on my mortgage and need to do a short sale. I’m afraid the bank is going to foreclose, but an agent told me that once I start a short sale the bank it’s illegal for them to foreclose. Is that correct?” ***ANSWER: I wish it was. You’re talking about California Senate
- Published in Q&A - Home Financing Questions, Real Estate Resources, San Diego, Short Sale
Premium Price for Your Remodeled San Diego Home
Tuesday, 24 December 2013
Question: “We remodeled our home about 20 years ago. It’s still in great condition, so we feel we should get a premium price for it…” Answer: I hate to tell you this… Today’s San Diego homebuyers are spoiled. My theory is it started about 10 years ago when thousands of apartments were converted to condos.
- Published in Q&A - Home Selling Questions, San Diego
Must You Stay in San Diego to Keep Your Low Tax Base?
Wednesday, 23 October 2013
Question: “I heard that if you’re over 55 and sell your home, you can keep your low Proposition 13 tax base. Do you have to stay in San Diego County to do that?” Answer: (I’ve addressed this before, but so many seniors are unfamiliar with it, I’m happy to go over it again…) Many seniors
- Published in FAQs, Q&A - Home Financing Questions, San Diego
Anyone Living on Your Property Quickly Gains Tenant Rights
Wednesday, 18 September 2013
Question: “A friend of a friend has asked to stay for free in my condo for a month while I look for a permanent tenant. I’m kind of a softie, so I’ll probably say yes. My only concern is that I’ve heard that after 30 days, they have the right to stay until you go
- Published in Q&A - Home Investing Questions, San Diego
Keeping an Expensive San Diego Home as a Rental
Wednesday, 30 January 2013
Question: “Hi Gary. We have a pretty nice house in UC, worth around $850,000. We want to scale down and buy a condo. Do you think we should keep the house as a rental?” Answer: Expensive homes make no financial sense as a rental in San Diego. Your cash on cash return will likely be
- Published in Q&A - Home Investing Questions, San Diego