From Mish, click here for more details:
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Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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Trustindex verifies that the original source of the review is Google. Jim & Donna Klinge helped us sell our home of 30 years in Ocean Hills. We were very happy with their service and would HIGHLY recommend them to anyone looking for an Honest, Knowledgeable, Skilled, Informed Efficient realty team. Both Jim & Donna were so helpful in different ways and complemented each others skills. Please refer to a more detailed review that we wrote on YELP. Thank You Both for all your help!!!Trustindex verifies that the original source of the review is Google. A+ thank youTrustindex verifies that the original source of the review is Google. Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldn’t be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years. Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community. In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You can’t make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Load more
This is great! If enough vacant homes were destroyed in surplus markets,the imbalance would disappear.
It’s all about supply & demand. Only when supply & demand come into balance will prices stabilize
Very interesting and I’ve been waiting to see if this would happen.
It’s difficult to believe that the barren property is worth more than it would be if brought up to code but that’s short term thinking for you. And here I thought banks were in the investment business.
“It’s difficult to believe that the barren property is worth more than it would be if brought up to code but that’s short term thinking for you.”
Except that barren property has no maintenance costs and less liability issues. Considering the overbuilt situation, it’s probably a good move in the long run.
Wouldn’t the bank be better off simply selling the homes for $50k (or whatever price moves a partially completed house in a glutted market)? That makes it someone else’s problem, and you recoup some of your losses.
I wonder how much of a tax write-off the bank gets on this destruction?
@frisbee,
I think Mish says something in one of videos about the bank being fined every day because they weren’t up to code in some way. (Maybe a construction site rule about fencing or something.) So, the bank decided to cut their loss. Who would want those homes? 4 houses in the middle of nowhere with no neighbors? Pass.
From Calculated Risk:
dryfly wrote on Wed, 2/25/2009 – 9:47 am reply
Recently I’ve heard a number of stories about lenders holding REOs off the market, but I can’t confirm this. – CR
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Ask Jim the Realtor. He’ll confirm. He has a huge backlog of Countrywide REOs that he has permission to list on the MLS.
Rob Dawg | Homepage | 02.25.09 – 11:04 am | #
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I talked to a Realtor in St Paul who does nothing but REO – he told me the banks have TONS of REO currently held off the market – he sees their teaser lists – they can’t process it fast enough – don’t have the bodies. Plus every property has to pass ‘code’ prior to selling even if offered as is. It becomes a huge Catch 22 – you can pay for the house but it doesn’t clear title until it passes code. Once the bank has the cash they have no incentive to fix to code & the ‘new-not-yet-really-owner’ can’t authorize or ‘permit’ the fix up. Some of these houses have negative value as a result. Significantly negative. If you were a bank would you hurry to put properties like this on the market until this regulatory hassle is cleared up? Star Trib ran an article on it last week & the realtor I talked to confirmed.
This should make Dawg feel good that there are places as screwed up or worse than California.
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“Wouldn’t the bank be better off simply selling the homes for $50k (or whatever price moves a partially completed house in a glutted market)? That makes it someone else’s problem, and you recoup some of your losses.”
In Detroit they’re paying people to take the homes.
This is simple, destroying it is cheaper than getting someone to take it. Finishing it costs more than it’s worth and the city is fining on a daily basis.
You don’t want blight and that means the banks may bulldoze if nobody takes the property.
Can we please do this to the sea of rooftops around I15?
Who would want those homes? 4 houses in the middle of nowhere with no neighbors? Pass.
Former RB Resident | May 1st, 2009 at 7:30 am
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Exactly. “Let’s throw some McMansions up right in the middle of a desert… somebody is bound to buy them.. housing is HOT!”
Pure GREED and stupidity.
It is to bad they couldn’t somehow move these homes to another location.This seems totally wasteful.
That vid reminds me of how much I’d like to be a heavy equipment operator. Imagine how much fun that’d be!
Pruitt-Igoe all over again: http://www.youtube.com/watch?v=t29fgA5M7VA
Obviously the people in the tent cities all over Cali probably can’t afford these houses, but it seems a bit unfortunate that at a time of rising homelessness we’re destroying housing. The British shipped boatloads of food from Ireland during the Famine, and a lot of economic value was created by this, because Irish beef and grain was able to find a market, but it had quite bad repercussions on people in Ireland itself…
These weren’t just halfway-built houses. As I understand it, the streets weren’t paved, the water/sewer may not have been working, and it’s unclear what permits the land had. So individual owners would have been screwed.
The bank owned the entire tract of land; they would have had to sell it to a construction company to make it work…and they don’t even want to make the loan on that, even if some sucker company bites.
I’m sure there will be houses there eventually.
-Erica
Kwaping: I hear it’s fun for the first hour or so, and gets old fast after that. Although back when I used to frame during college I could do demo all day and not get bored.
I’ve been waiting until they started to plow homes over. I suspect we’ll see much more of this in the future. It seems like a match and a little bit of gasoline would have been easier.
This info also showed up on sdlookup:
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/65703/Default.aspx#65703
Apparently there are 20 other homes in Temecula to be demolished as well.
Genius: “I could do demo all day and not get bored” + “It seems like a match and a little bit of gasoline would have been easier”
I think I can see why you never got bored, lol.
Too bad they razed them. I could have moved my cult in.
Even more sinister. Understand that local Victorville press, while published raizing, has remove article from their website.
REIC pressure?
When you see something like this – especially as a renter, it just stings.
I realize that the size, location and cost to bring them up to code prevents them from being economically viable, but I agree with other posters….it just seems like a horrible waste. This was the only possible outcome.
We were absolutely expecting this to happen eventually, but that doesn’t spare the shock when you actually watch it happening on video.
Everyone who wants a house still doesn’t have one. Despite the fact that I’d never buy a house in these areas, it still feels like a giant flap in the face. I don’t know why, really…