Archive for December, 2005

Should I hire a discount broker?

Friday, December 30th, 2005

Should I use a discount broker to sell my Tierra Santa Home?
“What do you think of those discount brokers, the ones who say they’ll sell your home for 1 or 2%? My friend used one and said it was a disaster. Once she called her agent and he didn’t even know who she was. […]

Appraisal Question

Thursday, December 29th, 2005

Appraisal Question
“My friend is looking at a house that’s listed in Clairemont for $550,000, but was appraised for $575,000. He thinks it must be underpriced, but I’ve heard that appraisals aren’t always accurate. Do you agree?”
***ANSWER:
Yup. The appraisers I know are hard-working, smart professionals and usually the figures they come up with are […]

IRS Code 121

Tuesday, December 27th, 2005

What about IRS Code 121?
“Hi Gary, Your newsletter is interesting and informative. We enjoy reading it and learning from it. I have a question that I would like to ask you. I know that by law if you live 2 of the five years in a house when you sell it you would get […]

1031 Exchanges-Reverse Exchanges

Friday, December 23rd, 2005

1031 Exchanges – Reverse Exchanges
“Hello Gary… We’re interested in selling our investment properties in North Park and Downtown San Diego. We like the 1031 exchange concept. However, we are scared off by the 45 day identification process.”
***ANSWER:
Here’s the 2nd part of the answer to this question from last week:
Two other ideas:
First, […]

Credit Report

Tuesday, December 20th, 2005

How Can I find out about my Credit Report?
“Gary, Thank you for your newsletter, I enjoy it a lot. I have some info that your readers may find helpful. To further clarify your 2nd answer to the q: ‘Hi Gary. How do I find out my credit score?’ Please check out the website below. […]