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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Most recent articles

PHR Toll Brothers

Beginning in the 1980s, Pardee Homes developed almost all of Carmel Valley, and now they are down to the last remaining parcels. For some reason, they sold off 69 prime lots to Toll Brothers, and now plans to go head-to-head with them with their neighboring tract next door.

There was a time when people commented on this blog that PHR was so far out that it was more like Penasquitos Highland Ranch.  But Pardee plowed through the land they’ve held for decades and now they’re down to the last few acres.

Toll Brothers has five floor plans, with two of them being one-story layouts.  The one-story homes range from 4,542sf to 4,765sf, and the two-story plans start at 5,945sf.  Prices range from $1.9 to $3.2 million.  This past weekend was the grand opening, and they have sold seven of the 16 available.

Think the market is tanking?  They had 500+ people attend this weekend.

A video tour of the one-story model:

Posted by on Sep 24, 2018 in Bubbleinfo TV, Builders, Carmel Valley, Jim's Take on the Market | 0 comments

Stay in the Game

No offers yet on my one-story trophy property, but the more I spend time there and talk to potential buyers, the more confident I get.  We knew it was a specialty product from the beginning, so we will be patient.

Are we getting the numbers?

The 276 views in the first 36 hours is pretty impressive, especially when we don’t know for sure if the clickers knew it was a single-level home.  Love that four out of the six competitors are priced higher!

The Facebook ad was more specific, because I boosted the blog post which showed it was a luxury one-story.  I limited the audience to people who were 45-64 years old, and the 398 clicks is the most I’ve ever had in a day and a half:

The market may feel more sluggish, but it appears that buyers are engaged – they’re just doing their shopping from the couch!  It will take a compelling reason for them to check ’em out in person.  And women rule the world!

Posted by on Sep 23, 2018 in Jim's Take on the Market, Why You Should List With Jim | 0 comments

Email Fraud

It’s happening everywhere – hackers are stealing funds thought to be wired to escrow companies.  It’s a real threat – be careful!  Hat tip GW:

James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired $272,000 from their bank following instructions they received by email.

Within hours, the money had vanished.

Unbeknownst to the Colorado couple, the email account for the real estate settlement company had been hacked, and fraudsters had altered the wiring instruction to make off with the hefty sum representing a big chunk of the Butchers’ life savings, according to a lawsuit filed in state court.

A report by the FBI’s Internet Crime Complaint Center said the number of victims of email fraud involving real estate transactions rose 1,110 percent between 2015 to 2017 and losses rose nearly 2,200 percent.

Nearly 10,000 people reported being victims of this kind of fraud in 2017 with losses over $56 million, the FBI report said.

The Butchers, forced to move into their son’s basement instead of their dream home, eventually reached a confidential settlement in a lawsuit against their real estate agent, bank and settlement company, according to their lawyer Ian Hicks.

The problem is growing as hackers take advantage of lax security in the chain of businesses involved in real estate and a potential for a large payoff.

“In these cases, the fraudster knows all of the particulars of the transaction, things that are completely confidential, things they should not know,” said Hicks, who is involved in more than a dozen similar cases across the United States.

Numerous cases have been filed in courts around the country seeking restitution from various parties. One couple in the US capital Washington claimed to have lost $1.5 million in a similar fraud scheme.

Real estate is just one segment of what the FBI calls “business email compromise” fraud which has resulted in some $12 billion in losses over the past five years. But for home buyers, the fraud can be particularly catastrophic.

“In these cases, the loss can be devastating and life-altering,” Hicks said.

Real estate transactions have become a lucrative target for hackers “because they handle a lot of money and because they have employees who are not the most technically savvy,” said Sherrod DeGrippo, director of threat research for the security firm Proofpoint.

Additionally, hackers often do their homework and “sometimes they know more about the business than the employees do,” she said.

Link to Full Article

Posted by on Sep 23, 2018 in Fraud, Jim's Take on the Market, Scams, Tips, Advice & Links | 1 comment

Selling Peace & Quiet

One neighbor complained that this house doesn’t back to the canyon like her house, and then literally in the next breath said that she was madly gathering up her valuable possessions this weekend and moving them to a secure place because we’re overdue for a fire.

Backing up to scrub-brush isn’t the positive it used to be!

Here’s what we are selling here:

There’s more to a house than just sticks and stucco!

Posted by on Sep 22, 2018 in Bubbleinfo TV, Jim's Take on the Market, Open House | 0 comments