[Jim was kind enough to leave a JimTV in the cue. Enjoy. -RD]
On second look, the 10% undercut mentioned in this video is harder to discern. We’ll call the ‘upgrades’ credit even, figuring all buyers got something similar.
They have a slightly smaller house (2,976sf) listed for $539,950, which is $30,000 less than the last golf-course-front sale. So it’s not a full 10% discount, but heading downward.
Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
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!Trustindex verifies that the original source of the review is Google. We first found Jim through his blog at bubbleinfo.com, which really showcased his knowledge of SoCal real estate. Since then we've done three transactions with Jim and Donna, and they are an incredible full service agency, with Jim's deep market insight and Donna's deft contract and project management. We trust them implicitly in their analysis and strategy, which is based on years of experience. They're always available and on top of things, and we strongly recommend them to anyone.Trustindex verifies that the original source of the review is Google. The Good The Klinge Realty Group operates like a finely tuned machine, with a very personal touch. We contacted them on a Sunday and they were talking to us about our family and our needs on our living room couch the following day. They carefully listened to us and worked with us to identify the best and quickest path to listing within 2 weeks to take advantage of the low inventory conditions in our South Carlsbad neighborhood. They knew our tract specifically and had many previous sales there over the years - they came prepared with a thorough analysis of comparative sales and recommended a pricing strategy that they felt confident would yield offers the first weekend on the market. The Great Over the next two weeks Donna coordinated a range of vendors who she knew from experience could get the preparation to list work we needed done on time and with high quality. Our light tune-up involved excellent experiences with their stagers, landscapers, contractors, electricians, and plumbers. Throughout this period Donna's daily communication was clear, concise, and responsive. Any time we had questions Donna picked up the phone or texted immediately - but almost always, she answered our questions before we even knew we had them. The Outstanding We had a tricky situation with a shared fence that could have delayed our escrow. Donna used superb mediation skills to negotiate the terms of replacement and was personally on site with the fence contractor to make sure everything went smoothly. The fence looks great and escrow closed on time. The Truly Exceptional Our house came on the market on a Wednesday and between then and Monday morning Jim was personally at all three open houses. He was in constant communication explaining potential buyer reaction and strength. As he predicted offers began to come in on Saturday and each one was incrementally higher than the last. At the end we had 5 offers, 4 of which were over list, and the final accepted offer was $100,000 over list. In addition to being over list it included rent back terms that met our needs. The Recommendation For all of these reasons we would strongly recommend The Klinge Team to anyone wanting to sell in North County Coastal San Diego. I had been reading Jim's bubbleinfo.com blog for 15 years and knew when the time came to sell that he would be our first call. Jim Klinge is not your standard realtor. He is keenly aware of market conditions and sales strategies. And, works his tail off - though not as hard as Donna . At this point he's gone from realtor to friend and I plan to have him over to grill and chill at our new place to talk real estate, but also just about life and raising kids in San Diego. He's more interested in relationships than his sales numbers - and that's why his sales numbers are so high. We have already recommended the Klinge's to some close friends and another successful sale is on deck right around the corner...Trustindex verifies that the original source of the review is Google. We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready. Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free. Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.Load more
Somehow, today’s tv does not work for me.
Never mind, I fixed my own problem. It works.
I’m out of state looking into NSD area for future move. How is this Arrowwood location? How many minutes of driving for shopping, I5, I15, beach, downtown SD, airports (both SD and JW) etc.?
75 min to airports
60 Min to PB
30 min to Carlsbad beach
15 min to get past gangster area
1 min to Camp Pendleton
Definitely a “keep up with the Jones’ ” ‘hood. I live in a more “fuck the Jones’s” ‘hood.
If you need ‘special financing’ to buy a home, you can’t afford it. I would certainly check the extra fees (voter approved bonds, mellow roos, HOA, etc…) before buying. I know a few couples who moved into a different neighborhood to ‘upgrade’ to a bigger house, but are paying more in community voter approved bonds. Some areas are willing to spread the wealth than others? A few hundred bucks more per month can get you a house in a better neighborhood. And I smaller house in a better neighborhood (generally speaking) trumps square footage.
Do they wink before they give you ‘special financing’?
They should just pass a law saying home buyers are responsible for making sure they can afford a home before they buy. Hire an accountant if you have to, it’s no worse than all the other fees you pay to close anyways and can do a lot more good. Have the accountant prepare 1 sheet showing your cash flow and debt, attach your 3 years of tax documents, and explain how in the world you think you can afford this place. You can even keep your file sealed, and it will stay sealed unlike your other mortgage docs unless you foreclose.
These days, the idea that you “promise” to pay someone back and signed a “contract” to that effect really has no meaning anymore. Our economy ran on a combination of trust and collateral, with too much emphasis on trust.
Everyone loves a special deal, even if it isn’t. I remember once I was shopping for a piano (fyi, piano salesmen are close to used car salesman for sleeze.) I was in the store about 3 minutes before the salesman offered me a “special deal” because I was such a “good customer.” Puh-leeze.
Nice surprise at the end of the video, Jim. Laugh-riot.
$500/month in extra fees? You could join a country club with that.
In college, my economic professor’s first words were ‘there is no free lunch’ and ‘you can squeeze blood from a turnip. Though the former is dead on so to speak (assuming one doesn’t cheat or lie), the later is built on the ‘Generation Me’ faulty logic where those in their teens, 20s and 30s display healthy levels of self-esteem though they haven’t accomplished much to earn it. The age of entitlement is still strong. I believe DAPs are still allowed – thanks to a very strong lobbying effort and this only serves to artificially keep the price of new homes high.
errr I meant ‘you can’t squeeze blood from a turnip’.
Remember how last month I said a friend was renting out their house and moving into cheaper UTC rental themselves? Seems to be a trend!
http://finance.yahoo.com/news/Homeowners-Turn-to-Renting-cnbc-15216285.html
I’ve known several people rent out their CV Townhome at a loss, but make up the difference and then some by renting somewhere smaller and cheaper. Cut your own rent in half, use the savings and rental income to subsidize your mortgage.
Like all housing schemes, this assumes housing prices will improve in a couple of years. Only disciplined people can survive much longer than that.
Insert jokes about “wide stance” here.
Hey Jim, or anyone else, can you tell me which government agency handles the RE auctions for the county? I’m a former San Diegan, now living in Colorado, out here properties go through the public trustee’s office for each county. I can’t seem to find anything online at the county website, …… maybe my google’s broken 🙂
Thanks in advance, from a long time reader and Jim the Realtor fan!
“Our economy ran on a combination of trust and collateral, with too much emphasis on trust.”
Agreed. And with all the non-recourse loans out there, I’m not so sure about the emphasis on collateral, either.
“They should just pass a law saying home buyers are responsible for making sure they can afford a home before they buy”
That house would dive to 250k very quick. You know, about what it’s worth.
San Diego going to pay one way or other. I notice very little consumer spending. Not many Targets, new malls, etc. Thats because a 250k house sells for 500k.
Time will tell who wins.
Calculated Risk just ran a story on a street of involuntary landlords in Newport Beach:
http://www.calculatedriskblog.com/2009/05/cant-sell-try-renting.html
> Like all housing schemes, this assumes housing prices will improve in a couple of years. <
It’s honorable that people are renting out their homes and not defaulting on their mortgages, but who are they really helping? They are investing a lot of time and effort just to save their credit scores, which they don’t really need anyway since they’ve become renters themselves!
“They are investing a lot of time and effort just to save their credit scores, which they don’t really need anyway since they’ve become renters themselves!”
Credit scores (and reports) can affect your ability to get a rental.
In a few years FICO will not be as important. There are so many people with low FICO, institutions will need a grandfather clause of some sort to forgive those who live beyond their means.
In a few years FICO will not be as important.
Beg to differ. Lending standards will continue to tighten, so as opposed to any mirror-fogger getting credit only those that are squeaky clean will. The rest will be relegated to layaway, rent-a-center, and/or paying with cash from (gasp!) savings.
While deep down I wish your scenario plays out, it isn’t going to happen. Stranger days ahead – one can’t make this stuff up. We are living in an age of entitlement and I have lost much confidence in the system. Sad but true.
OT – sighted the other day, a bumper sticker:
“Honk if I’m paying your mortgage”
Another sign ‘o da times”
I saw an Ice Cream Truck “for sale” in Vista on S. Sante Fe yesterday sitting in front of a car repair joint! Not kidding!
I have to get my phone camera and get a shot of it if its still there for vacationing Jim!
Maybe the foreclosure pipeline slowdown is being fueled by bank repo’s on Ice Cream Trucks…take the trucks off the road…you know the rest!
I put $17,000 down on one of these houses two years ago. While waiting for it to be built I saw homes going into foreclosure. I was seeing nicer homes with better lots and more upgrades selling for less than mine. I haven’t looked at comps lately but I bet you’d get a much better deal looking for one of those. Homes in Arrowood sold before and through the peak. There were so many homes, buyers were turned away. I’m sure there’s a high percentage in some stage of foreclosure. I lost my $17,000 when I walked away, but I kept my $150k I equity I would have put down.
If Arnold gets his way, Del Mar Fairgrounds will be bulldozed for more homes in a few more years. Don’t we have a ‘drought’?
Ok, I’m from da sticks… what is a mellow ruse (sic)?