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

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Most recent articles

My Speech

Donald J. Trump is president, and his 140-character tweets seem to be his preferred method of communicating with the public.  Millennials prefer texting over phone calls, and could live without a phone if needed:

According to research released by Open Market in June 2016, 75 percent of about 500 millennials polled could live without the call function on their device as long as they were still able to text. Seventy-six percent prefer texting to talking, because it is convenient and fits with their schedules better. Sixty-three percent responded that texting is less disruptive to their daily lives than voice calling. And a startling 19 percent never check voicemail.

The world is fast-paced and attention spans are lower.  Have you tried to have a conversation with a millennial lately?  It probably didn’t last long.

But it’s not just the millennials who are in a hurry – everyone is having to process more data faster than ever.

Whether you are buying or selling, or both, you will most likely find yourself making snap decisions that could end up lasting you a lifetime.  Those who lead a busy life want and need someone they can trust to assist them.

I am here for you, and I want to help you make the best decisions!

Posted by on Jan 20, 2017 in Jim's Take on the Market, Why You Should Hire Jim as your Buyer's Agent, Why You Should List With Jim | 0 comments

Celebrity Real Estate Sales

From the wsj.com:

http://www.wsj.com/articles/how-to-hide-a-celebrity-home-buyer-1484838701

Excerpts:

Code names. Clandestine meetings. Camouflage. High-end real-estate agents are increasingly turning to devices found in Hollywood thrillers to shield the identities of big-name clients.

When he’s taking a well-known client to a showing, Tony Sargent of Manhattan-based brokerage Core said he won’t tell the listing agent who the prospective buyer is—or he’ll offer a different name. In Hawaii, Matt Beall of Hawai`i Life Real Estate Brokers, whose firm has worked with Julia Roberts and Neil Young, will borrow his wife’s car for select showings, as paparazzi can recognize the autos of real-estate agents. During house tours, some agents impose a no-cellphone rule, or have the homeowner’s staff vacate the property. And in other cases, home inspectors, listing photographers and other vendors sign confidentiality agreements.

Some prominent sellers throw in the towel from the get-go and decide to use their fame to bring attention to a listing. That can potentially lead to a quicker sale and a higher price.

Read full article here:

http://www.wsj.com/articles/how-to-hide-a-celebrity-home-buyer-1484838701

Save

Posted by on Jan 19, 2017 in Jim's Take on the Market, Listing Agent Practices | 0 comments

Short-Sale Scam

From C.A.R.

While we all are concerned about cybercrime and identity theft, it appears taking someone’s money the old-fashioned way has reappeared in a short sale scam in Southern California.

The alleged scam appears to follow the same basic format.  A short sale agreement was entered into four to six months ago.  The buyer made an initial deposit in the $5,000 to $15,000 range into the listing broker’s non-independent broker escrow.  As with most short sales, the process takes several months and the selling agent is assured that the listing agent is working towards lender approval – it is just taking more time.  Then the communication slows down, the selling agent begins to get concerned and calls the listing broker’s escrow.  There is no answer, no return call, no other number to contact, and the earnest money deposit is gone.

Read More

Posted by on Jan 18, 2017 in Fraud, Jim's Take on the Market, Scams | 6 comments

Trump and Local Real Estate

The inauguration is almost here – Trump will be your president on Friday!

How will he affect our local real estate market?

His detractors are aghast over his tweets, but Trump keeps them coming.  In spite of their bombastic nature, I think we are already numb to his tweets, or at least getting used to them being part of the landscape.

At this point, I don’t think the Trump Effect will have much, if any, impact on us – positive or negative.  If rates stay under 5% (today’s 30Y is 4.12%), buyers should shrug it off and keep buying.

I also think sellers and agents are getting smarter about price, which will help tremendously.  As you saw in the previous post, they might screw it up a bit once they hit the market, but eventually buyers and sellers should both be happy with a modest appreciation rate of 2% to 4% this year.

The #1 thing that should keep our market stable is the buyers’ focus on getting the right house for the long-term.  Before the 2007 downturn, buyers thought they could always sell for a gain, and, as a result, any house would work for the short-term.  But after our so-called ‘crisis’, we recognize prices can go down – but it only hurts if you sell.

Sales and prices may bounce around, but with the focus on the long-term as a foundation, our market should keep cooking.

Posted by on Jan 17, 2017 in Forecasts, Jim's Take on the Market, Market Buzz, Market Conditions, North County Coastal, Sales and Price Check | 2 comments