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.
Hard to Find a Seller Who’ll “Carry the Loan”
Wednesday, 23 January 2013
Question: “I can’t get a bank loan because of some bad credit and I’ve been reinvesting most of my profit into my business, so my tax returns don’t show much income. Can you find a home for me where I can make payments to the owner? I think that’s called owner carry…” Answer: Right now,
- Published in Q&A - Home Financing Questions
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Should You Rent or Sell Your San Diego Home?
Tuesday, 22 January 2013
Question: “My mom needs to move to an assisted living home and we’re debating whether we want to rent her home or sell it. What do you suggest?” Answer: Everyone’s situation is different. But I’ll give you some general pros and cons: Renting Pros: You may get a better return than putting the money in
- Published in Q&A - Home Selling Questions
Why Are There 3 Different FICO Scores?
Wednesday, 16 January 2013
Question: “I just talked to a lender about refinancing my condo and he told me my FICO scores. They’re 719, 729, and 744. How come there’s 3 different scores?” Answer: There are three nationwide credit bureaus, each with their very own FICO score name: Experian has “Experian/Fair Isaac Risk Model” TransUnion has “FICO Risk Score,
- Published in Q&A - Home Financing Questions
Selling Your San Diego Home “As-Is” Can Be Risky
Tuesday, 15 January 2013
Question: “I plan to sell my house As Is. I don’t want to fix anything. If the buyer insists on repairs, they can buy another house…” Answer: I understand where you’re coming from. Ultimately, you’re looking for the best possible outcome from your home sale. With that in mind… When I represent a client selling
- Published in Q&A - Home Selling Questions
Can You Waive the Appraisal Contingency?
Wednesday, 09 January 2013
Question: “I want to buy a home in the $400,000 range, but I know there’s heavy competition and multiple offers on many homes. I think I read in one of your newsletters that you suggest one way to make your offer more attractive is to waive the appraisal contingency. Will a lender let you do
- Published in Q&A - Home Financing Questions, Real Estate Tips
An Alternative to Selling Your San Diego Home
Tuesday, 08 January 2013
Question: “Hi Gary. Our kids have finally moved out on their own. We love our four bedroom home, but we only need two bedrooms plus a den. Do you know of homes for sale like that in our neighborhood?” Answer: Shut the door of your fourth bedroom and fuhgeddaboudit (if you don’t speak DeNiro, that’s
- Published in Q&A - Home Selling Questions
Advantages of an FHA Loan
Wednesday, 02 January 2013
Question: “What’s the advantage of getting an FHA loan? And is that only for first-time homebuyers?” Answer: Good questions! I’ll take the second one first: Contrary to somewhat popular belief, there’s no requirement that you be a first-time homebuyer to use an FHA loan. FHA loans are generally easier to qualify for, and specifically to
- Published in Q&A - Home Financing Questions