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.
Does it Hurt Credit More to Shop Several Lenders?
Thursday, 16 October 2014
Question: “Two questions. I’ve heard that every time a banker runs my credit for a mortgage, it actually hurts my credit. Is that true? And does it hurt my credit more to shop several lenders?” Answer: First of all, your credit is only impacted if a mortgage lender actually runs your credit. A conversation won’t
- Published in Q&A - Home Financing Questions
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Should You Credit Buyers Money Instead of Doing Repairs?
Wednesday, 15 October 2014
Question: “When I sold my house a few years ago, the buyer requested some repairs. I took care of them, but it was a big hassle. What do you think of crediting the buyer money instead?” Answer: That’s a great idea. While your homebuyer may not like the quality of work done on a repair,
- Published in Q&A - Home Selling Questions
This Week’s Crazy Building: Light Cathedral
Monday, 13 October 2014
- Published in Crazy Buildings
Can You Fix and Flip with a 1031 Exchange?
Thursday, 09 October 2014
Question: “Hi Gary. I have a question about real estate investing. Can you buy and flip fixer uppers doing a 1031 exchange?” Answer: No. If you buy a property and sell it a short time later without “holding it for investment” a sufficient time (probably 1-2 years), the IRS will likely consider it “dealer property”
- Published in Q&A - Home Investing Questions
How Much Are Costs When Sell a San Diego Home?
Wednesday, 08 October 2014
Question: “How much are the costs when you sell a home?” Answer: In addition to the real estate fee, you will have: Just under 1% for title insurance, half the escrow fee, county transfer tax, HOA (homeowner association) documents (if any) and other smaller fees. An unknown amount for repairs the buyer requests that you
- Published in Q&A - Home Selling Questions
New California Purchase Contract Coming in November
Thursday, 02 October 2014
The California Association of Realtors is launching a new version of our standard real estate contract in November of 2014. Among these changes are: It will go from eight pages to ten pages. There will be several new forms that are automatically associated with the contract. There have been some improvements to safeguard home sellers
- Published in Real Estate Resources, Uncategorized
How to Screen Potential Tenants
Wednesday, 01 October 2014
Question: “We’re in escrow buying a couple of condos as investments. We want to make sure we get good tenants. Can you suggest any tips for screening potential tenants?” Answer: I used to put on a seminar called, “Purchasing Duplex, Triplexes, & Fourplexes as a Home or Investment.” Here are some of the tenant-screening strategies
- Published in Q&A - Home Investing Questions
Must I Fumigate My San Diego Home Before Selling?
Tuesday, 30 September 2014
Question: “Do I have to fumigate my house for termites in order to sell it?” Answer: Almost never. I’ll explain when you do have to fumigate, but first let me correct three myths about termite fumigations: Myth #1: “You’re legally required to fumigate when you sell.” Over the years, many of my clients have thought
- Published in Uncategorized