Looking to sell your San Diego home? Get a free home value report Buying a San Diego home? Search all homes for sale Have you heard of the endowment effect? If you’ve studied psychology or behavioral economics, you may have heard of this. The endowment effect is the idea that something has greater
Question: “I saw a drone flying around a house in my neighborhood. Do you think they were filming it because it’s coming on the market?” Answer: Possibly. However, that would be illegal. I’ve researched this and the FAA currently prohibits almost all private commercial use of drones.
Question: “Hi Gary. Could you please email me a list of condos without HOA fees in P.B., Clairemont, U.C., and nearby areas…” Answer: That would be a very short list. As in VERY short. I’d estimate that 99.9% of condos have HOA fees. The rare exception would be a 2-4 unit property converted to condos w/o
Question: “Hi Gary, My wife and I want to sell our home in La Jolla. We live part of the year in Phoenix and part in San Diego. We want to get the $500,000 principal residence exclusion. How do we know which one is my principal residence?” Answer: According to industry journal California Real Estate
Question: “I own a 3-bedroom condo in Pacific beach and I’d really like to trade it for a house with a yard and keep my monthly payments the same. Do you think that’s possible?” Answer: Yes, depending on what you’re willing to give up. You may be able to sell your condo and buy a
Question: “How long does it take to sell a home right now?” Answer: There are many variables, such as location, condition, property type, price range, etc. But by far the biggest two variables are price and agent. If you price your home near market value and have a good agent, you’re going to sell it
Question: “What are the advantages of investing in residential rather than commercial real estate?” Answer: Great question. Each has its advantages. I always recommend residential for new investors as overall it’s much simpler than commercial real estate. Though I wouldn’t necessarily say residential is easier. You could argue that dealing with residential tenant issues are