Archive for May, 2008

Dangerous Loan Programs

Tuesday, May 27th, 2008

“Hi Gary. With all the dangerous loan programs out there, do you think the safest thing is to get a basic 30 year fixed loan?”
***ANSWER:
I’m about to say something you and many people will disagree with:
There are NO dangerous loan programs.
Not one.
Not the pay-option ARM loans.
Not the short-term adjustable loans that adjust up in […]

San Diego Home Inspections

Friday, May 23rd, 2008

“What do you think of having a contractor inspecting my home before I put it on the market?”
***ANSWER:
It’s a GREAT idea.
The one and only downside is it’ll cost you about $350. But the many benefits to you include:
1. If there are any health or safety items, you can have them fixed now, while you’re living […]

Buying a San Diego Home

Saturday, May 17th, 2008

“I have a problem I hope you can help me with. I’m buying a home and the seller agreed to credit me $18,000 for closing costs. The problem is that my bank will not allow a credit over 3% of the sales price, and the price is about $500,000. So there’s $3,000 the bank won’t […]

San Diego Landlords

Sunday, May 11th, 2008

“My wife and I just picked up a couple of rental condos a very good price. We’ve never been landlords before. I know there’s probably a landlording for dummies book. Are there any other books you can recommend?”
***ANSWER:
I’ve always liked “Landlording” by Leigh Robinson. It’s an entertaining read, full of great advice.
I also suggest […]

Reduce The Price

Monday, May 5th, 2008

“Hi Gary. I recently took my home off the market. I’m very unhappy with my old agent. She kept telling me to reduce price, but I didn’t want to lose all that money, so I refused. I feel she was very dishonest with me, don’t you think so? Her name is XXXXX. Do you know […]