“We tried to sell our home last year but it didn’t sell after 6 months on the market. We have no idea why. Now we want to move to La Jolla, Carmel Valley, or Poway to get our kids in better schools, so we’re going to try again. We don’t want the […]
“With the market no longer so overheated, I plan to wait a few years for prices to go down. I don’t have anything to loose. When do you think the market will turn around?”
***ANSWER:
Let’s talk supply and demand.
Our economy is vibrant and unusually well-diversified (tourism, military, defense, telecommunications, electronics, computers, biotech, software, international […]
“Hi Gary. I’m being transferred to Virginia and we’ll probably never move back to San Diego. My wife and I are debating whether we should sell our home or rent it out for income. It’s in Pacific Beach and we just remodeled it 2 years ago. We think it’s worth around […]
“Help! My mother inherited a home in University City. She’s not real estate savvy, so she asked me to handle it for her. I hired an agent and he hasn’t called us since listing the home 3 weeks ago. I’m planning to call him to find out what’s going on, but […]
“What’s the difference between a cap rate and the gross rent multiplier?”
***ANSWER:
Cap rate is the opposite of a price/earnings ratio, used with stocks. Here are some random cap rates and GRMs in San Diego:
Cap\GRM Area
4\15 Pacific Beach
5\13 […]