There are 10,387 properties on the SD County auction list, but only 193 have hit the court house steps here in the first week of February. Postponements of trustee sales are the norm, but if a few of these in this video hit the court house steps, their pricing, and bidder-interest, should be very interesting.
The third house in the video was offered on the court house steps for $471,337, but no takers, so back-to-bene. They listed it for $563,000, and it closed for $601,000:
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
The third house that sold for $601K had all the bio funk and below grade water damage. I guess a little paint will fix anything. Sorry I could not find the old video showing all the water damage.
I don’t get it. It sells for MORE as a listing in MLS than on the courthouse steps? Could this be a bubble-era fraud type thing?
About 200 properties per week, 52 weeks per year works out 10,400. How long is the process supposed to take again?
“I don’t get it. It sells for MORE as a listing in MLS than on the courthouse steps? Could this be a bubble-era fraud type thing?”
People with easier financing are often willing to pay more.
Buying at the court house steps has the following disadvantages:
1. You have to pay the entire balance immediately. In full. In cash (cashier’s check to be precise).
2. There’s no title protection, which means back taxes, contractor’s liens, who knows what else might come to bite you on the ass.
3. You usually can’t even inspect the interior of the property yourself, let alone get a professional inspection. The condition could be perfect or completely trashed-you frequently have no way to know.
4. There might be people living on the property which you have to evict.
NOT dealing with all of the above is definitely worth an increase in the price of the property.
I’m stunned the Levante property sold that high. Did their agent not point out the water damage? I wonder what it looks like now after that last rain storm we had.
Keep an eye on the house just around the corner, 7810 Estancia 92009. It was a foreclosure, came on as REO at 500K and ended up selling for 400K because it had major foundation problems. Someone is now trying to flip it at 560-600K.
JTR,
Can you locate the video of the Levante home you shot? Very informative. Maybe the new owners wanted an indoor swimming pool as a result of the recent rains.
Jim, as a free service I present this:
http://exurbannation.blogspot.com/2010/02/put-down-your-beverage.html#comments
Feel free to steal any of those listing flourishes for your “assets.” LoL!
The previous vid:
http://www.youtube.com/watch?v=9LTirsWGVzQ
The green house is probably owned by a family from India, and yes they like that color.
I used to live in an area with a lot of Indian families and many of them painted their homes that shade of green or a sort of Robyn’s egg blue. Those houses simply shouted “we’re from India!” when we drove by them.
sheesh…too tired I guess…should be robin’s egg blue. ?? what was I thinkin’
@NateTG (3)
About 200 properties per week, 52 weeks per year works out 10,400. How long is the process supposed to take again?
Assuming ZERO more get added, yea we’ll be outta the woods in a bit.
I’d be very curious to hear what the queue number was ~4mo ago
Rewatching the old video for the Levante house, I’m amazed it sold for anything. I wonder how much the new owners are enjoying all the rain we’ve been having the past month or so.
What does the orange sign in the front yard of the Levante house say? Doesn’t look like a real estate sign of any sort. Maybe it’s for a contractor who fixed (or tried to fix) all the water issues with the house?
That second house with all the trucks – wouldn’t want them as my neighbor. Jim, nice that you are getting to the better neighborhoods. What, we have 1 – 2 more years of this bouncing around? I predicted 2012/13, for a stable market, but what do I know. It’s raining now, I’m glad I got massive draining around my house. This rain will certainly test the new owners on Levante – perhaps the owner is walking around the outside of the house now with a flashlight.
The sign is from the buyer’s realtor.
Should we start a bet pool on the lawsuits for the water damage? No way is an insurer going to touch that house.
Still raining…the owner should lift up the lid of that coffin and what science experiment is brewing now 😀
The buyer of the Levante house has been fixing it up, and I believe they had concrete out there the other day. Perhaps they are planning to live in it, but I’m guessing they are going to try flipping it. Good luck with that, as they paid way too much for it. A smaller, single-story house across the street, also with a pool just went pending for $525K, IIRC.
I do not care what anyone may say, but these are way overpriced. I would not pay more than $240/sqft for any of these houses.
I agree. A lot of the homes I’ve seen in the area have had foundation problems. I just looked at one the other day on Azahar Pl. with rat traps in almost every room. Nothing says “buy me” like a deluxe rat trap.
Did you see this? One of MSN’s headline articles is about 3 areas with declining prices in real estate and the first one mentioned is San Diego.
http://realestate.msn.com/article.aspx?cp-documentid=23289792>1=35000
After that downpour last night, I wonder how the new owners of the Leveante house are enjoying their new indoor pool.
My next door neighbor painted with that same shade of green, they were Filipino. And it is indeed…um…startling.
I also gotta agree with 3clicks on the 2nd house. I have one like that down at the end of the block. Makes the street look like it belongs in a trailer park. I think they hit the home ATM a lot during the boom to afford all that stuff, which means their day is likely coming (I’d bet the story on the 2nd house in the vid is the same tale of repeated visits to the ATM.)
Finally we can chalk-up a posative point for HOA’s–they would definitely NOT approve of someone painting their house that color–man that was bright!!!
There are no positive points for HOA’s. So what if they want to paint their house some ghastly color. It’s their right.
“Jim, as a free service I present this:
http://exurbannation.blogspot.com/2010/02/put-down-your-beverage.html#comments
Feel free to steal any of those listing flourishes for your “assets.” LoL!” (Rob Dawg, Comment #7)
Hey, “Dawg”, I checked out your new mailbox on your blog. Nice! If I ever find a house to buy on the Central Coast, you’re my “mailbox guy”! I never knew we were (sorta)neighbors and you’re just down in Ventura County…
“The previous vid:
http://www.youtube.com/watch?v=9LTirsWGVzQ” (JtR)
I missed this video the first time around, Jim. Wow, just WOW! That water damage and with the rains now. Jeez, what was the last buyer thinking? Talk about nightmare…
Art–How about no laws and no police also–everyone should just do as the please because it is their right–I’ll take an HOA rather than have a neighbor choose to park on his lawn just because he wants too–HOA’s help to protect a neighborhood’s integrity.