Archive for April, 2007

The Real pre-approval

Monday, April 30th, 2007

“I just talked to a lender for about 10 minutes and I got pre-approved for a $550,000. That seemed a little to fast. I thought getting a loan was a little more complicated. Do you think I’m really approved?”
***ANSWER:
No, I don’t. You’re right to be dubious.
There’s pre-qualifying, there’s pre-approval, and there’s REAL pre-approval.
1. Pre-qualifying
Pre-qualifying means […]

San Diego Home Values

Friday, April 27th, 2007

“We’re planning to sell our home in Carlsbad this June. Homes in our neighborhood are going in the 700s, but ours is much better than average, so we expect to at least get in the 800s. Do you think the low 900s would be pushing it?”
***ANSWER:
Before I answer your question, please answer these two questions […]

School and Housing

Tuesday, April 24th, 2007

“Hello Gary. We have a question for you. We’re looking for a home in Pacific Beach and we want our kids to go to Kate Sessions Elementary with their cousins. How close do we have to be to the school so our kids can go there?”
***ANSWER:
That’s a great school. My kids went there and we […]

San Diego Short Sales

Saturday, April 21st, 2007

“Hi Gary. I’m a new real estate investor. I see all your foreclosures. Are they also short sales?”
***ANSWER:
First, a quick explanation:
There are 3 stages of foreclosure during which a home may be sold:
1. BEFORE a foreclosure sale, when the homeowner is in foreclosure.
2. AT the foreclosure sale, when the home is auctioned.
3. AFTER the […]

Selling Your Home and New Furniture

Wednesday, April 18th, 2007

“We have a question. We’re going to sell our home. When we get our new place, we plan to buy brand new furniture because our current furniture is ugly and old and out of style. Do you recommend we sell our home vacant?”
***ANSWER:
Here’s a novel way to effectively get your new furniture for FREE!
First, […]