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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
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Bridge Loans

Are you turned off by the e-buyer who wants to lowball your home’s value, and then knock off another 7% to 9%?  But you like the idea of having your equity available for the next purchase?

How about an old-fashioned bridge loan?

Joel arranged financing for a recent buyer of ours who changed jobs during the week of escrow closing – Joel re-verified employment and still closed on time. This was on 97% financing of a converted-apartment condo built in 1979.

Thanks Joel!

Posted by on Jul 15, 2018 in Jim's Take on the Market, Mortgage News, Mortgage Qualifying | 0 comments

Rich Vs. Everyone Else

Daytrip sent in this link to ZH, and it typifies what we’ll probably see up and down the coast and rich people battle it out with everyone else who is left.  The wackos will be the most obvious on the front lines in the beginning, but eventually there could be a real revolution by regular people who are sick of the divide. The comment section is as important as the actual advertisement:

P.S. Government and law enforcement won’t be getting in front of this – there will need to be some violent clashes before any attention is put on this topic.

Posted by on Jul 14, 2018 in Jim's Take on the Market, Local Flavor, The Future | 1 comment

Sierra Vista, AZ

Reader AI mentioned Patagonia and Sonoita in southern Arizona as two good places to consider, but both are really small – about 1,000 people each. Because most of this audience is made up of city-slickers, I picked a bigger town to feature as an introduction to southern Arizona.

Described by “Where To Retire” magazine as a “four-season Arizona gem”, Sierra Vista is the ideal retirement location. With a year-round temperate climate, low cost of living, affordable housing, and spectacular natural beauty, Sierra Vista has it all. To find out how you can come and sample our beautiful community for $199 for 2 people over 3 days, visit

Here’s what $325,000 will buy you – 2,670sf built in 2002 on 1/4-acre:

Posted by on Jul 13, 2018 in Jim's Take on the Market, Thinking of Selling?, Where to Move | 4 comments

My New CV Listing

My new listing in Carmel Valley, listed for $1,078,000, and hopefully priced attractively for today’s market by realistic sellers. Open 12-3pm Sat&Sun!

Nice buy in the Del Mar school district and ideal for those who prefer a low-maintenance lifestyle – the yard is right-sized with no houses behind! Hardwood floors, granite-slab kitchen and baths, newer appliances, new roof, new paint, new water heater, crown molding, upstairs laundry room, plus master has big walk-in closet and balcony! Easy 5-min ride to freeway access at I-5 and 56. Priced under the last three sales in area – including next door!

Click on image to see last three sales nearby (Jim sold 2 of 3)

Posted by on Jul 12, 2018 in Bubbleinfo TV, Carmel Valley, Jim's Take on the Market, Listing Agent Practices, Why You Should List With Jim | 4 comments

No Code?

The State of California doesn’t have a Code of Ethics…..

This article is Part Two of a series arguing for the reinstatement of the Department of Real Estate (DRE)’s code of ethics. If you haven’t already, take a look at Part One, which provides context for the current vacuum in California ethical standards.

Why a code of ethics?

Every public-facing industry, especially one as complex as the real estate industry, is in need of common standards of practice. Presently, the code providing those standards for California real estate agents is far from an ideal set of rules governing an agent’s conduct in service of the public.

The code in question is a generic product of the National Association of Realtors® (NAR), which NAR’s state-level manifestation, the California Association of Realtors® (CAR), has commandeered as its own.

Real estate practice is rooted in state codes, cases and regulations aimed at protecting residents of that state, and as a result, this national code of ethics is frequently ill-fit to the unique marketplace of California. NAR has next to nothing to do with California, where principals might have little to no personal knowledge of the agent representing them (especially in urban population centers), and have no choice but to operate under a general set of expectations for licensee conduct.

Further, the Department of Real Estate (DRE) has continuously pushed the NAR code as an acceptable standard for those California licensees who also happen to be Realtors®. As we discussed recently, the state nixed the DRE’s code of ethics in 1996, and California has consequently been left without a California code of ethics for the real estate industry — a situation the DRE could rectify.

But before we can argue for the reinstatement of the DRE code of ethics, we need to understand what’s in it. What are we arguing for? And maybe more critically, what are we arguing against?

Read article here:

Link to Full Article

Posted by on Jul 11, 2018 in Ethics, Jim's Take on the Market, Realtor, Realtor Training | 0 comments

Coming When?

Nancy tagged this listing as another example of what you can get if you’re willing to leave The Golden State.

It comes with the pitch we see a lot these days – ‘Contact us for your private showing before this gorgeous home goes LIVE later this week’.

Thanks for showing.

Can I sell it this week?

The Coming Soons are probably tolerable, as long as the listing agent commits to the specific date they will sell it.  I think the seller is better served if the listing is exposed to the open market via the MLS, but if there is some reason not to do that, fine.

Let’s specify when buyers can buy it!

It is the Big Tease to be showing a home without further instruction on when the seller will be entertaining offers up front – and I want to know before the showing too. It is a disservice to everyone for buyers to see a house, just to find out later that the listing agent is going to sit on offers for 5-10 days.

Another reason to be specific and clear is to help keep the listing agents from their own temptations, though most don’t mind laying out the evidence of their own breaches right in the MLS.

There have been two examples this year already.

The listing agent said no showings until open house on Saturday.  But he had been showing it to his own buyers, and accepted his own offer on Friday night before the open house.  That’s wrong, and his seller probably paid the price – there could have been other offers and a bidding war could have ensued.

The other example was the listing agent who publicly declared that he was entertaining offers on Monday, but then accepted an offer on the Saturday before. When I spoke with him, it was clear that it never occurred to him that there could be other offers if he just would have waited until Monday like he said he would.

Hopefully the industry will commit to conducting live auctions to sell houses some day, so we can eliminate all the hokey pokey.

P.S. Note to NAR. I’m tired of hearing how concerned you are about flood insurance.  Can you do something about the ethics please!

Posted by on Jul 11, 2018 in Jim's Take on the Market, Listing Agent Practices, Why You Should List With Jim | 3 comments

Stealing Homes

Those with a paid-off home are only one signature away from losing it.  This former attorney was convicted of a similar fraud, gets out of jail and does it again – but worse.  Hat tip to daytrip for sending this in:

Authorities have charged a West Hills woman with perpetrating a real estate fraud scheme that netted her $2 million, primarily by duping numerous elderly property owners into transferring over their property titles.

Angela Fawn Wallace allegedly befriended the elderly victims — or found properties where the owners were deceased — then obtained the property titles, the Los Angeles County District Attorney’s Office said, according to KTLA. She then allegedly used those titles to secure herself loans.

Wallace faces 72 felony counts, including identity theft and forgery. She pleaded not guilty to the charges Thursday, and faces up to 40 years in prison if convicted on the top charges, KTLA reported.

Wallace’s alleged scheme lasted from June 2014 to January 2017, and involved four properties and two dozen victims including the property owners, estates, trusts and investment companies.

Wallace took out loans secured by the properties and in some cases sold them off to unknowing purchasers, then kept the proceeds. The district attorney said in one case she rented out several units of a multifamily building and kept the money herself instead of handing it to the estate of the deceased owner.

Wallace was previously convicted of forgery in 2003, and recording false documents in 2007.

Link to Article

Posted by on Jul 11, 2018 in Fraud, Jim's Take on the Market, Scams | 2 comments