
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass

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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Reviews on Zillow
5315455
5.0/5.0
"Jim the Realtor is legit - I interviewed three brokers; he said list price should be $100,000 higher than the other two brokers; listed it with him and had all cash (no financing) offer in two days, five day contingency period, closing in two weeks - and it closed at his recommended list price. I could not recommend anyone more than I recommend Jim the Realtor. more "

by gary t moyer
5315455
5.0/5.0
"When we moved to San Diego in 2005 we rented a big house on Mt. Soledad (La Jolla) with 180 degree ocean views for the same payment as a mortgage on a dump in Chula Vista. Clearly something was wrong. Yet, the media was full of the usual happy-talk nonsense, so I was glad to find Jim's blog. I've followed his honest assessments and data since. more "

by drp2drp
5315455
5.0/5.0
"Where do we begin..2020 has been a year for everyone. When COVID hit and shut down both my husband and my businesses, we were left with a mortgage and very little income coming in. We were stressed, scared and felt stuck. We made the hard decision to sell our home and move out of state. We contacted the Klinges' and spent a good hour going over what we hoped we could accomplish. Jim and Donna came over with comps in hand and suggestions on improvements to get our house ready for the market. It was overwhelming to think about, but Donna was there and one step ahead in every scenario. more "

by AmberleePiercy
5315455
5.0/5.0
"Jim and Donna Klinge made the sale of our condo extraordinarily easy. They know the market and gave us sound advice backed by details and very considerable experience, reflected both in the initial pricing and subsequent negotiations. They work together as a team and are always available to talk. more "

by WAH08
5315455
5.0/5.0
"I cannot believe there are no reviews of Donna yet, ugh!! She is the secret sauce of the Jim Klinge/Donna Klinge combo! I will touch on Jim here, but Donna is why I'm so totally loyal to these two (no offense to Jim :)).
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "

by bethamunce
4911411
5.0/5.0
"Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community... more "

by Ann Romanello
305973
5.0/5.0
"Jim educated us, helped us find the perfect house, and then negotiated us a great deal. I would hate to be sitting across the negotiating table from ... more "

by user6611938
332633
5.0/5.0
"Jim is thorough and will be brutally honest about the homes he shows you. He provides great service and follows through until the very end and even ... more "

by Melanie
351390
5.0/5.0
"I highly recommend Jim as a buyer’s agent. Working with Jim, we closed this week on a San Diego condo. Jim prepared a list of comparable sales to ... more "

by user3647582
OK, so other than the 5% of sellers who either get realistic (or desperate, or both) this is going to be stalemate.
So how does the stalemate resolve itself? If you figure the economy is going sideways at best, it’s hard to see buyers suddenly becoming willing to pony up more $$$.
Though, if you believe the NYTimes article, delusions about the evolution of house prices haven’t yet been punctured.
http://www.nytimes.com/2010/08/23/business/economy/23decline.html
I’m seeing the 100k gap here in Phoenix also.
I have a question – what do you think is the ratio of banks that get in touch with reality? Is it also 1/20?
A quote from enplaned’s link:
“The notion of housing as an investment first began to blossom after World War II, when the nesting urges of returning soldiers created a construction boom. Demand was stoked as their bumper crop of children grew up and bought places of their own. The inflation of the 1970s, which increased the value of hard assets, and liberal tax policies both helped make housing a good bet. So did the long decline in mortgage rates from the early 1980s.”
——————-
It’s instructive to ask ourselves if these decades-long trends are going to remain in place, or if they’re about to reverse.
That “long decline in mortgage rates” is the credit bubble that went ballistic in the 2001-2007 period. They are still trying to prop it up, but there is a point where it becomes unsustainable (because the debt can no longer be paid off without “printing” money), and the only way to repair it is to allow it to collapse. The soon we allow this to happen, the sooner we get a real, sustainable recovery.
Jim,
You’re spot on WRT the $100K gap.
And thus begins the long, slow descent. My guess is that today’s limited buying pool has been paying attention to the housing market, will not overpay for a house, and is able and willing to wait. In other words, a seller’s worst nightmare. Those who don’t have to sell will pull their homes off the market, thinking they’ll wait a year or two, believing that by then, the housing market will have recovered and will be back to “normal”.
But what is “normal”? Unfortunately, I think too many sellers believe that the ~2005 era housing market was normal, and believe that homes really were worth the ridiculously inflated prices people were paying back then. That psychology is strongly entrenched, and will take time to change.
Why be realistic on price when you know if you stopped paying the mortgage it would take at least a year for foreclosure to occur. Even then you could play the loan mod / short sale game and potentially extend out another 6 months to 1+ years. Finally throw in a foreclosure for an extra 6 months.
I’m starting to think I’ll be able to pay cash for a house when all the deadbeats are finally evicted.
I think a mere $100K gap is low-balling it, based on some of the insanity I’m seeing up here. Here’s the one on the San Francisco Peninsula I’m currently snarking on:
http://www.redfin.com/CA/San-Carlos/436-Laurel-St-94070/home/1306377
I saw the inside of this the last time it was on sale for about $690K (don’t know what it actually sold for). Now, less than two years later, it’s on the market again at $750K, and is overpriced, IMHO, by at least $200K. Just like last time.
Some go the other way.
And here I thought this was a real estate blog! 😉
Those 1 in 20 that price realistically are going to set the comps, much to the dismay of the other 19.
Jim – $100K is the right about gap I’m seeing between listing prices and what I’m willing to pay. I’ll continue renting while this stand-off grinds on.
ewhac-Your link says it sold for $675k. The auto-comps there also seem to indicate that the current price is justified (or almost). Is it typical up there for prices to have gone up since 2005 (when the house sold for $600k)?