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.
What’s the big frenzy? April through July is typical buying season and the number of sales per month is still anemic. Is it because fewer people are finding the incentive to sell or simply can’t sell due to underwater mortgages or buyers thinking that they can buy low and sell high down the road? Two months from now buying season is over and sales are going down and any uptick in rates will further reduce prices and sales numbers. What do you expect the market to look like once a new president is in office and mortgage rates 5 year from now will be in the 7%-9% range? Rates are low because the economy locally and globally is in a sinkhole. Once the economy picks up then yes better employment means more homes sold. But better economy also means higher rates. You can’t expect home prices to skyrocket over the next 10 years when interest rates can potentially quadruple. My guess is that prices will still slide 30% or more. Look at the big picture and there’s thousands and thousands of homes on the selling block or upcoming foreclosure list in every city across the US. At some point people will realize that there is no reason to rush in and buy a 5000 sq ft lot with sticks and stones on top of it that will end up costing them over $2 million dollars in principle, interest, taxes, and hoa dues over the life of a 30 year loan.
No hope= I will be moving inland
Hello Mr. hope, and welcome.
Grab a drink and take a look around…..and tip the waitresses!!