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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

Slacker Evicted

Want to hurry up with that empty nest?  From cnbc.com:

A New York state judge has backed a couple’s battle to kick their 30-year-old son out of their home because he has not contributed toward household expenses or helped with chores and they wanted him to get a job.

New York State Supreme Court Judge Donald Greenwood on Tuesday ordered Michael Rotondo to leave his parents’ home in the town of Camillus, about 200 miles northwest of New York City, according to Anthony Adorante, an attorney for the parents, Mark and Christina Rotondo.

Adorante declined further comment on the decision, which ended a four-month family battle.

In court documents, Michael Rotondo referred to a “common law requirement of six-month notice to quit” before a tenant may be removed.

“I just wanted a reasonable amount of time to vacate, with consideration to the fact that I was not really prepared to support myself at the time where I was served these notices,” the younger Rotondo told local CBS television affiliate WSTM.

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Posted by on May 23, 2018 in Boomers, Jim's Take on the Market | 0 comments

Soft Market

The full-blown frenzy we enjoyed in 2013 has been cooling off ever since, and I think we can call today’s market a bit soft.  Home buyers are gradually gaining more power and control of the outcomes, and as we saw yesterday in the Inventory Watch, the unsold homes are starting to pile up.

There are signs of a slowdown everywhere – even on the MDLNY. They squeezed some market truth in at the 1:25-minute mark here:

Though they were talking about swanky NYC property, we have seen our higher-end inventory growing constantly too (today there are 512 NSDCC houses for sale listed over $2,000,000, when there were just 430 two months ago).

But now the lower-end is starting to feel it too.

You won’t see it on the official days-on-market metric of sold properties because those are the listings that dodged the bullet. It will be the rising count of active (unsold) listings that reveal the struggle.

How do you know if a listing agent is feeling it too?

Signs That A Listing Agent Might Know the Market Is Soft:

  1. They’ve Sold A Few Listings in 2018 – Listing agents who are actively engaged know that the market has changed, and that fewer inquiries/offers are the norm.
  2. Their Listings Are Sharp – Listing agent who are aware of a softer market know they must include excellent professional photos and video in their listings, and the listing remarks make you want to go see the home.
  3. Showings Available Immediately – The initial urgency of a new listing dissipates faster than ever, and a good listing agent wants to take advantage – they won’t make you wait days or weeks to see a house.
  4. No Extra Hurdles – We see listings loaded up with extra demands like having to include special forms or procedures just to make an offer.  In a soft market, listing agents should make it easy to buy the home.
  5. Decent Commissions – A softer market is no time to be lowering the buyer’s agent commission – there are too many other homes to show and sell.
  6. Pushing The Product – To keep the urgency higher, a good listing agent is implementing every possible marketing tactic available.  If you see a listing where the agent isn’t making any effort, you know they didn’t get the memo that the market is soft.

Buyers have enough reasons to be concerned about the homebuying experience (higher mortgage rates, rampant fraud and deceit, and significantly higher prices), and they won’t tolerate an ignorant listing agent who doesn’t recognize a shift in market conditions.  It is too easy to wait-and-see now.

Get Good Help!

We’ll explore this topic more in the coming days and weeks!

Posted by on May 22, 2018 in Interest Rates/Loan Limits, Jim's Take on the Market, Market Conditions, North County Coastal, Why You Should List With Jim | 4 comments

Inventory Watch

Another strong week of new listings (115) but the new pendings (63) didn’t follow along – instead they dropped 20% from the previous week.  As we roll into the Memorial Day weekend, graduation season, and 5% mortgage rates, we might be seeing the peak of the market for 2018.

The higher-end market has been sluggish all along, and now the lower-end inventory is starting to show a bit of a plateau over the last couple of months:

Week
# of Actives Under-$1M
Avg. LP/SF
# of Actives $1M-$1.5M
Avg. LP/SF
Mar 26
61
$477/sf
133
$484/sf
May 21
81
$474/sf
184
$475/sf

Don’t worry sellers – price will fix everything!

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Posted by on May 21, 2018 in Inventory, Jim's Take on the Market, North County Coastal | 1 comment

Leucadia Rebuilt w/ Big Ocean View

Richard’s new listing hits the open market on Thursday, and it is stunning.  Re-designed and rebuilt from the ground up over the last eleven months (with permits), virtually everything is brand new.  A ten-year warranty too!

Four bedrooms, three-and-a-half baths, and 2,421sf with commanding ocean views from both levels. New roof, HVAC, decks, siding, flooring, and kitchen! $1,575,000 – open house 11-2 on Saturday, May 19th.

Klinge Realty CA DRE #01388871 Richard Morgan (619) 200-3844.

Posted by on May 16, 2018 in Bubbleinfo TV, Jim's Take on the Market, Klinge Realty, Leucadia, Richard Morgan, Thinking of Buying?, View | 0 comments

Lynryd Skynyrd – Freebird

They say this is it – the last time around!

Lynyrd Skynyrd: Last of the Street Survivors Farewell Tour is coming to the Mattress Firm Amphitheatre on Saturday night, May 19th. Back in the day when we communicated by CB radios, my handle was ‘Freebird’. I’ve seen them play a couple of times, and they are exactly what you’d expect – hard-drivin’ southern rock, and a lot of fun.

My brother Dave is their biggest fan, and he’s going to the show next Friday after winning tickets.  The local Bay Area radio station had Gary Rossington in studio, and had him tell a story about writing one of their songs – and the first caller who could name the song would get tickets.

Gary began the story with, “Ronnie and I walked into a bar…..” and boom, Dave is calling in with Gimme Three Steps!

This might be the best music video ever:


https://en.wikipedia.org/wiki/Lynyrd_Skynyrd

Posted by on May 16, 2018 in Jim's Take on the Market, Wednesday Rock Blogging | 3 comments