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.
Pros & Cons of FHA Loans to Buy a San Diego Home
Wednesday, 22 May 2013
Question: “What are the pros and cons of getting an FHA loan to buy a home?” Answer: The Pros: Low down payments More flexible qualifying Lower credit score requirements The Cons: High up-front 1.75% mortgage insurance premium (MIP) High monthly 1.3% to 1.55% MIP Monthly MIP can never be removed if the loan is <10%
- Published in Q&A - Home Financing Questions
Why You’re Not Getting Offers on Your Rental Property
Tuesday, 21 May 2013
Question: “I’ve got my fourplex for sale, but nobody’s made an offer. I don’t get it. You get almost nothing with your money in the bank, and I hear that most properties are getting multiple offers. Why do you think I’m not getting any offers?” Answer: While what you’re stating is true, it doesn’t mean
- Published in Q&A - Home Selling Questions
Why You Can’t Use Cash For Down Payments
Wednesday, 15 May 2013
Question: “I run a cash business. Since banks pay so little interest, I keep most of it in a safe. Now I want to buy a home and someone told me that it’s a problem using cash for a down payment. Why would that be a problem?” Answer: OK, so I’m not going to ask
- Published in Q&A - Home Financing Questions
Is Now a Good Time to Sell Your San Diego Home?
Tuesday, 14 May 2013
Question: “I had my home on the market in 2011, but it didn’t sell because no one would pay what it was worth. Do you think it’s a good time to sell now?” Answer: Wikipedia, the ultimate source of all knowledge, defines value this way: Fair market value (FMV) is…what a knowledgeable, willing, and unpressured
- Published in Q&A - Home Selling Questions
Where to Look for a Lender for Your San Diego Home
Wednesday, 08 May 2013
Question: “Where do you suggest I start looking for a lender to get approved for a home loan?” Answer: I would avoid some of the common sources, such as going online or looking at newspaper ads. The best source is to ask a good, reputable, experienced agent. He or she will know a handful of
- Published in Q&A - Home Financing Questions, Real Estate Tips
Selecting a Range for Value Range Pricing
Tuesday, 07 May 2013
Question: “I’m trying to figure out value range pricing. If I feel my home is worth $500,000. What range would I ask?” Answer: Great question. Your desired price should be around the middle of the range. That allows for an attractive lower end of the range to draw interest, and a higher range to give
- Published in Q&A - Home Selling Questions, Real Estate Tips