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.
First question is in:
When will the standoff end between patient buyers and OPTs?
In your opinion(s), what will be the effect of the FHA’s lower limits in North County Coastal — 20% down? What have you already seen?
Thanks. Chris
Another question in:
When will we see more houses for sale?
Upcoming and declining neighborhoods:
We have a significant local variation in market conditions on the neighborhood scale. Buyers are attracted to neighborhoods with newer houses, better schools, and closer to employment centers. What do you see in the future as to which neighborhoods of San Diego county will be growing in popularity and which are destined to slowly decline?
Given the current state of the market and the economy in general, what would it take to have another minor decline in the real estate market? Something on the scale of the First-Time Homebuyer Credit expiration event that caused a decline at the end of 2010 and lasted until the end of 2011. Do you think raising interest rates may cause that?
Rich’s recent post lays out the numbers suggesting that homes in SD may be overpriced but that we probably aren’t (yet) looking at another bubble. But although aggregate home prices are still 20% below peak, some zip codes have already blown past peak prices. Based on price to rent or other indicators, what SD county neighborhoods are most likely overpriced/inflated? Relative bargains?