Don’t Fall Prey to the “Above Average” Fallacy
Tuesday, 13 November 2012
Question: “We’re planning to sell our home in Carlsbad this June. Homes in our neighborhood are going in the 700s, but ours is much better than average, so we expect to at least get in the 800s. Do you think the low 900s would be pushing it?” Answer: Before I answer your question, please answer
- Published in Q&A - Home Selling Questions
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Must You Be a First-time Buyer to Get an FHA Loan?
Wednesday, 07 November 2012
Question: “Do you have to be a first-time homebuyer to get an FHA loan?” Answer: No. There’s no requirement whatsoever to be a first-time buyer if you’re getting an FHA loan.
- Published in Q&A - Home Financing Questions
Can Your Bank Get Your Money After a Short Sale?
Tuesday, 06 November 2012
Question: “I’m planning to do a short sale. But if I come into some money later, can my bank go after me and try and get that money?” Answer: Not if you’re selling a property in California! Because of California Senate Bill 931 and Assembly Bill 458, when lenders agree to a short sale, they’re
- Published in Q&A - Home Selling Questions, San Diego, Short Sale
How to Find Out What Are Rents Going For
Wednesday, 31 October 2012
Question: “I’ve got a vacancy coming up in one of my apartments. Do you know any websites where I can look up what rents are going for?” Answer: I know of a few… http://www.craigslist.com …of course http://www.rentometer.com http://www.padmapper.com …just maps Craigslist ads? http://www.finestexpert.com …upper right corner
- Published in Q&A - Home Investing Questions, Real Estate Resources
Get New Free Furniture for Your San Diego Home
Tuesday, 30 October 2012
Question: “We have a question. We’re going to sell our home. When we get our new place, we plan to buy brand new furniture because our current furniture is ugly and old and out of style. Do you recommend we sell our home vacant?” Answer: Here’s a novel way to effectively get your new furniture
- Published in Q&A - Home Selling Questions, Real Estate Tips
Are Foreclosures Also Short Sales?
Wednesday, 24 October 2012
Question: “Hi Gary. I’m a new real estate investor. I see all your foreclosures. Are they also short sales?” Answer: First, a quick explanation: There are 3 stages of foreclosure during which a home may be sold: BEFORE a foreclosure sale, when the homeowner is in foreclosure. AT the foreclosure sale, when the home is
- Published in Q&A - Home Investing Questions, Short Sale
Should You Sell Your San Diego Home ‘FSBO’?
Tuesday, 23 October 2012
Question: “We need to net the most money from selling our current home to buy our next home. So we want to sell our home FSBO [for sale by owner] to save on the broker fee. What do you think?” Answer: I understand your concern about netting the most money from a sale. Given that
- Published in Q&A - Home Selling Questions