The REO hits just keep on coming in Rancho Santa Fe.
We saw Lago Lindo list for $1,879,000 and receive eight offers, with bids over $2 million. These days the buyers roam from REO to REO, in search of the right deal, with only glimmers of hope that a regular seller will be reasonable on price.
Will this new REO listing get swept up in the frenzy?
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
Maybe Frank Lloyd Wrong!
Know whose house that new REO in RSF was?
JtR,
Can you write a little bit on how you actually make an offer more attractive to a bank / broker when you caught in a multiple offer scenario?
I know, offer more money…but that aside, most of us aren’t going to be able to offer 100% cash or even 50% cash, so having a larger downpayment (20%+) becomes interesting to a seller at what point – 30%? 40%?
Also offering a short escrow makes sense to a point but how short would you go (keeping your head on your shoulders that is)
Thanks
JK,
Great questions. Would love to hear answers on that, too.
Jim,
Why do you think Lago will go back on the market?
That’s a bad brick trip. Watch out for the brown brick.
The house is definitely on the eccentric side. A bit TOO eccentric to be worth 1.6 mil though.
Even if you tear it down, you pay the same amount for the land, and then you pay more to tear down the old house and build a new one.
Nope. Not worth it.
Nice! Walls, window coverings and maintenance are for sissies apparently. This place is an amazing display of awkward creativity gone awry.
I think I had my 6th grade camp at that lodge…
Do you think RSF is the kind of place Heinlein was writing about?
http://en.wikipedia.org/wiki/%22%E2%80%94And_He_Built_a_Crooked_House%E2%80%94%22
That is some bad academically inspired 60s architecture right there.
I don’t see the Thunder Mountain connection. What it reminds me of are some of the original dorms at UCSD.
JK’s questions at #3:
Offering on a bank deal usually means trying to deal with a listing agent with tons of business, and many ducklings around to handle the sales duties on their behalf.
Get in tight with the assistants. They will determine your fate in a close race, and highest offers don’t always win.
Half of the competition will eliminate themselves due to shoddy realtor work, all you have to do is beat the other half of the field.
A short escrow isn’t that great of an idea to the banks, they’d have to move faster than usual. It’s 45 days on financed offers at B of A, with a per diem penalty of 1/10th of 1% of purchase price, but not less than $50 per day for being late.
30 days for cash deals, and the best I’ve seen is about $5,000 benefit for cash vs financed offers. If a financed offer is $10,000 or more higher than a cash offer, it’ll win – none of the servicers need the deal bad enough that there is any huge discounts being given for cash offers.
P.S. Want to choose your own title and escrow company? No problem at B of A, as long as you don’t mind paying both the buyer and seller shares (extra $1,500 to $3,000). You can bet that there will be buyer agents that don’t read the document, and insist on their favorite title and escrow ‘friends’ to do the work, and inadvertently stick their own clients with the higher bill.
I think I had my 6th grade camp at that lodge…
LOL
Blissful,
I need to implement the “stink-o-meter” for the camera – the house had the same smell as Big Thunder Mountain, plus the big wooden beams twisting every which way.
Such a shame. That house has promise from the outside, but the layout/configuration is so bad that you’re almost forced to tear it down. And why do some builders/architects insist on putting stairs everywhere when it’s completely unnecessary?
Lots of privacy in that bathroom !
Thank you, Jim.
The roof clearly needs/will shortly need extensive work, and the brick/adobe interior and tile flooring is very off-putting.
However, having grown up in Marin County surrounded by Eichlers and one of Frank Lloyd Wright’s crown jewels, I rather like the layout and general aesthetic.
Huh. I liked it, especially the windows in the kitchen, but it’s, um, a little out of reach. When you said “tear down” I nearly spewed my coffee.
We saw the house on Tuesday. We actually liked the style but not sure about living there for 10-20 years. Also, the highest price we’d entertain paying was $1.1M. There really isn’t enough room to modify the structure to our liking. Also, having the Master Bedroom off of the dining room is kind of weird.
You guys really like all the goofy angles that eat up half the space in each bedroom? And the indoor/outdoor bathroom? And all the farking stairs?