A few more bank-owneds in Del Mar, Solana Beach, and Encinitas in this youtube video:
16 Comments
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
View More Interest Rates
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
But I thought the higher end was immune?
Overshoot on the upper end. The mid & upper tier market is now where the low end was early this year.
Mozart can you elaborate on your comment?
I’ll start by saying the first comment is tongue and cheek.
Sounds like Wells made the right move on this one. Rinse and repeat for a couple of years, problem solved. Millions of new homeowners willing and able to pay, especially the ones who skipped over the bubble.
3clicks – you’re right. I was being snarky.
But there are a lot of people who seem to argue that the high end is immune.
CalculatedRisk just posted about Option ARMS imploding. Fitch just released a report that says in 94% of securitized option ARMS the borrower is only making the interest payments. And 40% of option ARMS are delinquent.
http://www.calculatedriskblog.com/2009/09/fitch-on-option-arm-recasts.html
Since a lot of people used option ARMS to get into more expensive houses – this could be the pain train that some have been waiting for.
SDScientist’s blog shows that house prices in the lower and middle tiers are about 1.4 to 1.55 times their value in Jan of 2000. The high tier, by contrast, is still 1.8 times its value back then. I don’t see any reason why the high tier should have appreciated significantly more than the lower and mid tiers. That would suggest the high tier is likely to come down about 15-20%.
“The high tier, by contrast, is still 1.8 times its value back then”
That stat is obsolete or just plain incorrect.
Here are some quick counter-examples:
1.) http://www.sdlookup.com/MLS-090003958-1361_Shorebird_Carlsbad_CA_92011
Price paid in 12/99 = $750,806
Approved short sale at 1M (just went pending).
In this case, price paid is 1.33 times its value in 2000.
2.) http://www.sdlookup.com/MLS-090042014-1612_Aryana_Dr_Encinitas_CA_92024
Price paid in 4/00 = $1,076,490
Still listed between 1.5M-1.7M
Let’s say it sells at 1.5M then the price would be 1.39 times its value in 2000.
3.) http://www.sdlookup.com/MLS-090030918-1335_Ravean_Ct_Encinitas_CA_92024
This house closed recently for 1.22M
Price paid in 6/00 = $906,250
This is 1.35 times is value in 2000.
However, this is misleading because all of these houses were bought new and had big $$$ dumped into landscaping. So the margins are even lower that what I calculated.
I think this is what Mozart was referring to when he said that the high end is starting to overshoot to the downside. I have been noticing this as well recently. The market is changing so fast it is hard to keep up. Not sure where we go from here but it doesn’t look good for sellers over 1M.
Labeling these properties “high end” is quite a huge leap and stretch…in the remaining 98% of the country,they would be categorized in the pretentious stucco ghetto category, ranging in the 250 to 400K range.
I love the Del Mar and Solana videos, keep doing them! 😀 I wonder if any of the houses I see up here with for sale signs will ever make it to the MLS. That house on Boquita may be a reasonable deal for a couple hundred thousand less.
Wait till interest rates start to tick back up, then you’ll hear people squeeling in agony when you drive by…
I’m sorry, why was that first house ever worth over 1.2? Or still worth between .8-1 now? It looks like a single story track house in Westwood. Does it have a view of the water, or does it come with a Faberge egg or something?
The first house is west of the 5 in a really nice area, with a great school district, and only about half of a mile from the water. I don’t believe you can see the water from Boquita, but I could be wrong. The area is still littered with bubble pricing, but I see so many houses for sale there it’s bound to change. Seems like every 2 story house is asking $1.5-$2.0M, then along comes a new 5k sqft house priced at $1.8k on 1/3 of an acre… Squishdown?
“does it come with a Faberge egg or something?”
lol
*sound of brakes locking up*
Del Mar is hearing proposals for closing/reconfiguring schools. Imagine buying into an area and having to spend more time in traffic ‘busing’ your children to a different school due to declining enrollment and increased budget cuts. The North Coast News reports 5 of 8 schools are operating at half or two thirds capacity. So this begs the questions: Did DM build out the schools too fast? Has there been a large number of recent dis enrollments or has the attendance always been this way? Did DM build for the future knowing most of the schools will have low attendance?
@UCGal
Another home on Camino De Orchida is on the way to REOdom being 13K in arrears. I would consider this high end (though not super high end). This collection of approx 36 homes, many with ocean views hit the market at 1.5M – 2.5M in or around 2006. Talk about buyers being late to the game. I’m guessing there are at least four homes in some for of foreclosure at the moment. I would venture to say at least 33% of the homes in this track would have been either SS or REO before next Fall.