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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


Category Archive: ‘Interesting Houses’

Buffett Closed On Friday

Hat tip to Kerry for sending in the final result of Warren Buffett’s beach house in Laguna Beach:

Billionaire investor Warren Buffett has sold his California beach house for roughly $7.5 million, or 32% less than its original asking price, according to a spokeswoman for the listing agent.

Mr. Buffett, the 88-year-old Berkshire Hathaway chairman nicknamed “the Oracle of Omaha,” first put the home on the market for $11 million in February 2017. He cut the asking price to $7.9 million in late August in a bid to spur interest. Don’t feel too badly for him: The businessman paid $150,000 for the home in the early 1970s.

The three-level Emerald Bay home spans 3,500 square feet, with six bedrooms and views of the beach. Per Mr. Buffett’s modest style, it is decorated with white laminate countertops and gray carpets.

“I feel very good about the couple who bought the house and hope their family gets as much enjoyment from it as our family did,” Mr. Buffett said in a statement.

Link to WSJ article

It even happens to billionaires:

  1. He had to dump on price to find a buyer.
  2. He had to lower it again to make the deal.
  3. His net proceeds were still fantastic!
  4. He felt ‘very good’ about the couple.

Posted by on Oct 15, 2018 in Interesting Houses, Jim's Take on the Market, Market Conditions | 0 comments

Trump Tower

Timing your home’s sale is critical – and it helps if your realtor has some ‘international reach’ too!  Thanks daytrip:

The apartment directly below President Donald Trump’s opulent bedroom at Trump Tower is going up for sale for $24.5 million — and it’s not clear if POTUS can control who moves in.

In what could be a huge security headache, the stunning apartment 64/65AB at Trump Tower at 721 Fifth Ave. is going on the market. The pad directly adjoins the president’s personal gilded apartment, and — real-estate sources believe — his bedroom.

Trump’s triplex penthouse — which he is said to prefer sleeping in rather than the White House — occupies floors 66 through 68.

One source said, “What is to stop the Chinese or the Russians from buying the apartment under a front, and then drilling spy holes in the ceiling to listen to the conversations and goings-on?”

Trump Tower is a condo building, which means the legal way the board could stop a potential buyer is by exercising a board waiver, which would entail the board buying the apartment itself, or else it must let the buyer move in, the real-estate sources say.

“It is possible the board could make a potential buyer’s life hard by demanding FBI checks or extra paperwork, hoping to chase away the buyer. Or perhaps [White House economic adviser] Larry Kudlow could suggest the country buys it for security reasons.” Interestingly, the Chinese government was reported to own property in Trump Tower, which the president handed over to the management of his sons Don Jr. and Eric when he took office.

The for-sale pad is a duplex apartment that encompasses the entire southern face of the building for two stories and features five bedroom suites with soaring 14-foot-plus ceilings. The seller is Oklahoma billionaire Jeff Records, chairman and CEO of MidFirst Bank.

Link to Article

Posted by on Aug 19, 2018 in Interesting Houses, Jim's Take on the Market, Listing Agent Practices | 8 comments

NYC Primer

Hopefully we will be getting an occasional glimpse of what it’s like for Kayla to be selling real estate in Manhattan.  The vertical living couldn’t be more different than what we’re used to around San Diego – she’ll never see another tract house with two-car garage and a yard!

She’ll be starting on the ground floor, literally and figuratively, but eventually she might get to see a few like this – thanks daytrip:

Posted by on Aug 12, 2018 in About Kayla, Interesting Houses, Jim's Take on the Market, Kayla Training | 2 comments