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.
Why in the world would a flipper think he can turn a 125-150K profit just because they made a few small upgrades, new paint and a rug cleaning? They were so cheap they didn’t even replace the front door. People will be immediately turned off when they see that.
I use flippers as one of my “finally hit the bottom/time to buy” metrics. When they are almost all gone from the market, that will be a buy signal. That could take 1-3 more years.
What do the comps say it is worth? Looks like the buyer only spent a few hundred dollars, so he/she must have thought it was a smoking deal at the courthouse.
Other than a “really” old home, why would anyone not have a dishwasher? That’s just crazy.
This must be the cheapest flipper yet. They didn’t even replace the batteries in the smoke alarms….WOW! The nerve of these people…
Comps?
This smaller one-story just closed up the street next door to the school for $500,000:
http://www.redfin.com/CA/Carlsbad/7872-Paseo-Tulipero-92009/home/4081226
Although this one is part of the continued murkiness permeating through the industry – it just showed up sold. It wasn’t a distressed sale, but was kicked around last year on range pricing for a couple of weeks here and there. If it would have hit the open market today, they may have gotten more than $500,000, but being next to the school is a hurdle.
Is it safe to buy in La Costa Valley with the soil problem there? The area would cover south of La Costa Ave. north of Barcelona, east of El Camino Real. Seems the saturated soil causes water pooling around the foundation of some houses. Is it true or just rumors?
It’s true, there was a push to file a class-action lawsuit but I don’t know if it went through.
Extensive ground work has been done to a few houses – you have to pick your spots.