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.
How Interest Rate Increase Affects San Diego Home Prices
Wednesday, 10 July 2013
Question: “What do you think the recent interest rate increase will do to home prices?” Answer: Great question. Many people are asking me the same question right now. My economics degree gives me some insight. Economics is ultimately a study in human behavior and how various forces impact that behavior. So how does increase in
- Published in Q&A - Home Investing Questions
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My San Diego Home Valuation Process
Tuesday, 09 July 2013
Question: “I know you’re very accurate at determining home prices. What is your process?” Answer: There are several steps I take when setting home prices: Use nearby sold “comps” (comparable homes) Analyze nearby sold homes to see if any are comparable Find the most comparable and adjust for differences and market changes Analyze a broader
- Published in Q&A - Home Selling Questions
What’s a Loan “Approved with Conditions”?
Wednesday, 03 July 2013
Question: “Hi Gary. I’m selling my home and my agent told me that my buyer just got what she called ‘loan approved with conditions’. My agent said she doesn’t know exactly what that means and told me not to worry about it. What does that mean?” Answer: Yours is a simple question. And if your
- Published in Q&A - Home Financing Questions
Why No More Offers Come In After You Accept One
Tuesday, 02 July 2013
Question: “When I listed my condo, we received several offers. But after I accepted an offer a few weeks ago we haven’t received any additional offers. Why is that?” Answer: Once you accept an offer, we’re required by our MLS (Realtor’s multiple listing service) to change the status from “active” to “pending.” Pending tells agents
- Published in Q&A - Home Selling Questions
Should You Get an Adjustable Rate Mortgage?
Wednesday, 26 June 2013
Question: “What do you think about getting an adjustable rate mortgage?” Answer: I’ll let Dave Ramsey answer this one from an email his organization sent me: “ARMs hook homebuyers with a low initial rate, then, after a designated period, the rate fluctuates for the remainder of the life of the loan. This kind of loan
- Published in Q&A - Home Financing Questions
Raising Your Price Doesn’t Create Negotiating Room
Tuesday, 25 June 2013
Question: “We’ve had our home on the market for 3 months for $700,000 and want to get around that price. But we keep getting offers +/- $650,000 and they won’t go any higher. Since the offers are $50,000 below our price, we’re going to raise our list price to $750,000, then we can negotiate down
- Published in Q&A - Home Selling Questions
Contingencies to Get Back Your Lost Deposit
Wednesday, 19 June 2013
Question: “I tried to buy a condo about a week ago, but it fell out of escrow because my mortgage broker couldn’t find a loan for me when my credit score fell mysteriously. My realtor’s broker has informed me that the seller is entitled to my $3000 good faith deposit. My realtor never informed me
- Published in Q&A - Home Financing Questions