Archive for June, 2006

Sell Your Home

Friday, June 30th, 2006

“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 […]

Home Buying Advice

Wednesday, June 28th, 2006

“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 […]

Sell Your Home

Monday, June 26th, 2006

“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 […]

Make sure to pick a good agent…

Wednesday, June 21st, 2006

“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 […]

Cap Rates?

Monday, June 19th, 2006

“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 […]