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 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...
I agree with the analysis. I think with 1% higher interest rates people will need to shell out additional $600 per month. This money has to come from somewhere
So I would think that prices need to go 10% lower. The question is will we find decent homes in CV for $1M-$1.1M. Fundamentals says we should, will be interesting over the next several months
OK, So what happens when we have 6% say in a year, how about 7% ?
When the economy is rip-roaring on fire?
Hmmm, hard to remember that experience, and not sure it could come that quick?
The “taper” talk is just that. Real reason could be China. The slowdown there may have them selling Treasuries out of their massive foreign reserves, which in turn would increase rates here no matter what the Fed does.
I don’t think it serves China or US. I am penciling in 0.5% over next two years. Then again I didn’t think we would be at 5% this summer.
What I do know is when Montecito in CV goes for 1.2M it’s overpriced by 10%
I meant 0.5% each year over next two years
None of the bad stuff Rick said would happen the last 4 has actually happened, it’s just his schtick.
BJ, don’t be “shocked and surprised” when someday it does.
And now the moment of truth arrives. Can Zimbabwe Ben seemlessly hand off a centrally planned economy to a new, self-sustaining free market economy?
Call me a cynic but I doubt it.
Agreed, there’s no way – he will panic first.
Does the fact that we have $17 trillion debt have anything to do with all this?
Bill thinks that higher rates might slow price increases, but will have a minimal effect on housing recovery:
http://www.calculatedriskblog.com/2013/07/house-prices-and-mortgage-rates.html
This would make sense if the prices had not gone up so much in the last 6 months. Am I the only one who thinks people are spending a big portion of monthly wages on housing and it just got bigger. Also the investors should be dropping like flies now. So am I the only one who thinks it’s due for a say 10% correction to align monthly payments with wages?
Of those commenting, yes.
I say plateau, but mostly because I like more vowels than consonants in a word.
I’m going with a mean-reverting head and shoulders Bart Simpson rondalay swirl cause I like cool postmodern outcomes.
😆