How Auction Pricing Fools Buyers

“Gary, I saw a home in an excellent neighborhood for $225,000 and am very interested. How soon can I see it?” Answer: I’m not sure where you saw it advertised, but that San Diego home is being auctioned and $225,000 is just the opening bid. It will end up selling for dramatically more…probably over $400,000.
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7 Things to Avoid to Improve Your Credit

“My wife and I plan to buy a La Jolla home this summer. Is there anything we should do now regarding getting a mortgage?” Answer: Yes, I suggest you call a reputable mortgage lender and get qualified now to find out if you need to do anything to improve your credit. And here are a
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Reducing the Price of Your San Diego Home

“Hi Gary. I own a University City home that I need to sell because I’m moving to L.A. I listed with my sister’s friend who I don’t know at all. It’s been on the market over 3 months and she keeps telling me to reduce the price. I don’t want to go any lower because
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3 Types of Credit Scores Explained

“Hi Gary. Question about credit scores. I thought the max was 850, but I just bought a car and they said my score was 870. How is that possible? I asked the guy at the dealership and he didn’t know.” Answer: Congratulations for having great credit. But don’t worry, your 870 score hasn’t broken the
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Why Do Sellers Pay Title Insurance?

“There are so many costs to sell a home. Why am I supposed to pay for title insurance? I know there are no liens against my home. I’m sure a simple title search would show this.” Answer: Great question. Several clients have asked me this over the years… Title insurance covers more than just recorded
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If You Don’t Buy the Home, Do You Lose Your Deposit?

“Hi Gary, I’ll be buying a San Diego home within the next few months. I’ve never bought a house before, so please excuse me if this is a dumb question. If I make an offer and it gets accepted, but I end up not buying the house, do I lose my deposit?” Answer: As you’ve
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Why Banks Prefer to Sell to Owner-Occupants

“I’ve been told that banks prefer to sell their foreclosures to owner occupant buyers. Is that true and why? I’m strictly an investor, so what’s the downside of just saying I’m going to live in the property?” Answer: That’s a lot of questions. I’ll answer them one at a time: 1. Do banks prefer to
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Selling Your San Diego Home Vacant vs. with Tenants

“I’m thinking about selling my La Jolla home. Should I sell my home vacant or with tenants there?” Answer: It depends on the occupants. In particular, how they keep the home and how cooperative they are. A well-kept home with beautiful furniture is a real plus. But a messy home with dated or ugly furniture
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Viewing a San Diego Home via Open House

“We’d like to see your house on Denver Street. Do you know when the next open house is?” Answer: That Clairemont home sold in about 10 days on the market. But let me address something. Many people really want to see a home and wait for an open house to see it. However, the majority
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Do Banks Want to Foreclose on Your San Diego Home?

“I read recently that banks are telling people they need to go into default to do a loan modification, then they’re foreclosing on the home. The article said banks do this so they can get the home at auction for far less than its value. Is that true?” Answer: That’s absolutely 100% incorrect. Despite all
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