Has COVID-19 Raised Your Home Value?

san diego real estate market update april 2020 gary kent realtor
    Has COVID-19 actually raised your home value? This is definitely a sensitive issue given our current situation. People are often asking me “how’s the market, especially given COVID?” All markets are really driven by supply and demand. COVID has impacted both the supply and demand of homes for sale in four different ways.
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Join Our Team!

hiring real estate agents gary kent team san diego real estate
Contact Kevin Hall: kevin@garykent.com 858-535-7435 We’re looking for 2 buyer’s agents. PROSPER with us! What we have to offer you:  P: Prospects & Clients R: Respect & Instant Credibility O: Outstanding Admin Support S: Save Money P: Positive Environment E: Experienced Guidance R: Regular Training & Systems Requirements: – Have a real estate license (or
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Will COVID-19 Raise Interest Rates?

Will COVID-19 Raise Interest Rates?
Now might be the time to take advantage of the current low interest rates I’m going to go in a weird direction, but it’s gonna come back and make some sense. Have you noticed that recently the price of gold and silver has gone up a lot? What does this have to do with interest
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San Diego Real Estate Market Update April 2020

san diego real estate market update april 2020 gary kent realtor
What’s happening in the real estate market? Many people are asking me, what’s happening in the real estate market? Are any homes selling? We’re in the middle of the lockdown, the pandemic. First of all let me say, I hope you and your family are doing well, that you’re safe and healthy. So what is
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Is Now a Good Time To Buy a San Diego Home?

Question: “We’ve been on the fence. Do you think it’s a good time to buy right now?” Answer: That’s a version of what I call “The Crystal Ball Question.” Let me explain… What determines whether it’s a good time to buy? Factors include: Will prices go up or down? Will the for-sale housing inventory decrease
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Is Now a Good Time to Fix and Flip?

Question: “Hi Gary! We just sold our apartment building in L.A. It’s in escrow for $900,000 and we’re debating doing a 1031 exchange and buying a property here in San Diego to fix up and flip. Do you think it’s a good time right now? We’re going to net about $600,000.” Answer: A few things…
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How Long It Takes to Sell a San Diego Home Right Now

Question: “I plan to sell my home and would like to know how long you think it takes to sell a home right now.” Answer: Great question. Right now, we’re in a “normal” market with a rough balance of buyers and sellers. So on the one hand, it can be SLOW… Price your home too
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Are There Still San Diego Short Sales & Foreclosures?

Question: “Are there still any short sales and foreclosures? I don’t see them anymore.” Answer: Remember 2008-2011 when it was so rare to see a home offered that was NOT a short sale or foreclosure that we referred to them as “traditional sales”? In many neighborhoods (Eastlake, Spring Valley, etc.), if your life depended on
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Will San Diego Home Prices Increase With Interest Rates?

Question: “Interest rates can’t stay this low forever. When they do start to go up, do you think home values will increase? I think it will shake people off the fence and there will be a mini-surge in home sales.” Answer: That brings to mind the old economist’s joke: Why are there no one-armed economists?
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Is There Demand for Fixer-Upper San Diego Homes?

Question: “My brother and I inherited a rental house that has been very neglected and is in horrible condition. Can we even sell it?” Answer: Definitely. There’s still good demand for fixer upper homes. Most people buying are “flippers” who fix and resell for profit. Others are just regular potential homeowners looking for a less
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