“Gary, my wife has been following your informational emails for months and believes you are an excellent source of information on today’s market. We own a home in the desert near L.A. that I currently rent to a friend for much less than the mortgage. I want to consider a short sale and need to

“I’ve been looking for a home and have been outbid four times. Do you recommend offering over list price?” Answer: By your question, I’m sure you’re trying to buy a home under $400,000 in San Diego County. Should you offer over list? Definitely, if you feel the value is there or close. We’re probably approaching

“We’re thinking of selling, but the market has been so bad. What’s the market like right now? How long would it take to sell?” Answer: Good news. We are seeing some improvement in the market. How long it takes to sell depends on the price range of your home… If your home is valued under

“What do you think of buying a home at a foreclosure sale down at the courthouse?” Answer: For sophisticated investors, it can pay off well. However, there are many very real risks and downsides to buying at a trustee sale: 1. All sales are 100% final the moment your bid is accepted. 2. Sales are

“I have a dumb question. How does a bank really decide if they’re going to make me a loan? What do they look at?” Answer: When a bank decides if they’re going to approve a loan (the decision process is called “underwriting”), they look at the “three C’s”: 1. Character: Mainly your credit history (FICO

2935 LLOYD St, San Diego CA OPEN HOUSE Sunday March 28, 2010 1-4 pm $765,000 – $795,000 Click here to see more images Contact Information Gary Kent Phone: (858) 457-5368 clientsv@garykent.com www.garykentteam.com DRE #: 00862878 4 Bedroom • 3.5 Bath • Single Family Year Built: 1961 Sq Footage: 2587 Bedrooms: 4 Bathrooms: 3 Full, 1

“Do banks purposely way underprice their foreclosures so they can get multiple offers and bid up the price?” Answer: Almost never. If you see a foreclosure priced way below market, one or more people made a mistake. It may have been the agent, the “BPO” agent (who gave a second opinion on value), an appraiser,

“I’m going to be selling my home in La Jolla shortly and moving to Rancho Santa Fe. I just refinanced last month and have a pretty current appraisal for $1,420,000. Should I depend on that to price my home?” Answer: No! Some wonderful clients of mine recently had 3 appraisals on their home. Two were

“You’ve mentioned how important it is to have a good full-service Realtor if you’re selling. We’re buying a home and my friend’s sister has her license. She doesn’t really practice real estate, but she’ll kick us back $5,000. Is it worth the money or should we get a full-time agent?” Answer: You can guess my

“Hi Gary. We own a home in Pacific Beach that we’ll be calling you to sell in a couple of months. But for now we just want to find out the value and how much money we’ll net from the sale so we can do some planning. Can you help us with this?” Answer: As