My wife Donna doesn’t get any publicity here on the blog, but she plays a vital role in the business. Here is a review of Donna’s recent performance:
Donna Klinge and her husband, Jim, are real estate partners. Jim is the ‘face’ of the agency, I believe — he runs new business, and is who you’d likely work with to find and secure your next home, or sell your next home. And he is fab; I will review him separately.
But I feel the key differentiating reason why one should work with Jim, is because of the over-delivery Donna provides once you are in escrow, and AFTER CLOSING (yes, she continues to work with you after escrow closes).
First, Donna handles all paperwork for your RE transactions the second you ID a property. Her level of organization and savvy exceeds anyone I’ve worked with — in any capacity, let alone real estate. But she goes so, so much further. I will give you my experience as example: My husband and I purchased 2 homes on 1 lot via Jim (which you will see in my review of Jim, I simply would have never found without him, I’m certain). We intend to make rental properties out of them, which is a new experience for us; and even in the best of circumstances, becoming instant landlords of multiple properties is daunting!
Donna handled the inevitable back and forth with the sellers (regarding repairs, timing, moving schedules, etc.) with such objectivity, fairness, and strong ethical consideration, I can only characterize it as admirable.
But on top of her combo objectivity/fairness/ethics, she works with productivity in mind, so every move she makes is done in such a savvy way — she gets what needs doing, done. I feel like I could apply the Donna Klinge Method of Work to my own profession, and my parenting, and be better off for it!
But here is the magic sauce of Jim and Donna. AFTER escrow has closed — a time when most agents have completely turned their attention to the ‘next deal,’ Donna stayed with me. She secured vendors for us for: carpet and baseboard replacement, painting, HVAC, ductwork, electrical, plumbing, etc. Anything the house needed, she helped me either get done, or got me multiple bids to look through. Everything we needed to get our house rental ready, Donna has helped with. Donna and Jim have such strong credibility with contractors I am certain I could not get these people out to our properties so quickly without their pull on my own. Even if I had the time to procure multiple bids myself, which I don’t, I never could have achieved what she did, in such a short period of time, with such high quality workers.
My family is deeply indebted to both Jim and Donna for helping us achieve a financial goal of ours that has been in the works since I started reading Jim’s blog in 2007. They have materially changed the course of our financial lives and I’m so appreciative, I’ve just written my first online review ever to show it 🙂
“There’s always reason to worry [about a coming collapse],” Robert Shiller, Nobel Prize–winning economist and co-creator of the S&P/Case Shiller Index, told Yahoo Finance’s Seana Smith in the video above. But he is quick to point out one stark difference between today’s housing market and that of 2006. “We’re in a holding pattern right now … People are less excited about buying because they themselves don’t believe [home prices] will be going up a lot. Back in 2006, when the homeownership rate was setting records, people had extravagant expectations.”
“The Fed raised [rates] in December just a quarter of one percent, and plausibly they’ll raise [rates] by another quarter or a half percent, and it may not be a big deal,” said Shiller. “On the other hand, it might be a big deal because we’re in this strange period of near zero interest rates, and if people see it as a major turning point, it could affect home prices. My opinion is if you want a house, go out and buy it. It’s not an extremely unusual time. There are always risks. ”
Tight credit is making it hard for homeowners to trade up and out of their starter homes, according to findings from the Urban Institute’s latest Chartbook.
Researchers looked at GSE & FHA loans (which made up the majority of the mortgage market except in 2004-2006) and noticed that starting in about mid-2007, the share of first-time home buyers has been consistently between 50% and 60%. Between 2001 and 2007 the share was much lower, with just 40% to 50% of borrowers buying for the first time. They took a closer look to determine if repeat home buying had truly fallen off or if there were just more purchase loans being made by first time home buyers and the same number of repeat buyers still active in the market.
Researchers found that while there were the same number of first-time home buyers in 2001 and 2015 – 1.3 million, there were about ½ as many repeat home buyers: 1.8 million vs. just over 900,000 in 2015.
Repeat home buying took a big tumble and just kept falling after 2007. And it’s no coincidence that this happened at the same time it started to become really difficult to get a mortgage anywhere in the U.S. and hard to build home equity, thanks to dropping home prices.
In spite of fewer repeat buyers, their link to the most recent data showed that San Diego-Carlsbad HPI still went up almost 50% in the last seven years!
They said repeat buyers declined 50% between 2001 and 2015, but we had MORE sales between La Jolla and Carlsbad, in spite of almost 2x the pricing:
Are you still thinking about packing it in for 2016?
Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in nearly 2 months. You’d have to go back early August or late July (depending on the lender) to see a better combination of rate and upfront cost.
Washington, D.C. — House Majority Leader Kevin McCarthy (R-Calif.) announced that House Judiciary Committee Chairman Bob Goodlatte’s (R-Va.) bipartisan “Stop Settlement Slush Funds Act of 2016” (H.R. 5063) will receive a vote by the full House of Representatives next week.
Introduced by Chairman Goodlatte, this bill bars the Department of Justice (DOJ), and all other government agencies, from requiring defendants to donate money to outside groups as part of their settlement agreements with the federal government.
Need for this legislation arose after a 20-month House Judiciary Committee investigation found that DOJ had engaged in a “pattern or practice” of systematically subverting Congress’s Spending Power by using settlements from financial institutions to funnel money to left-wing activist groups. This bill would end this practice and restore accountability to the appropriations process.
The July, 2016 reading of the San Diego Case-Shiller Index was elevated compared to June – just like last year! The increase this year was somewhat throttled though, and based on how it went in 2015, the San Diego CSI should be fairly quiet over the next six months.
Will sellers be happy to get what the last guy got?
Here are the recent San Diego Non-Seasonally-Adjusted CSI changes:
The highest reading of the San Diego NSA CSI was 250.34 in November, 2005.
Mortgage rates moved up significantly last week. Will rates continue to rise? Expect mortgage rates to go up this week closer to 3.1%. Freddie Mac will release the 30-year fixed mortgage rate tomorrow morning. Stay tuned.
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.
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.
We decided to sell and move to AZ at Thanksgiving. Dec. 1st we met with Jim to sell our home. We closed today (29 days later). Jim orchestrated a feeding frenzy -- we had 25 showings in 2-1/2 days, multiple offers, and sold for well over asking price. I'd say he earned his commission! We have owned and sold homes in 5 different States always using experienced, productive, full-time realtors. Jim outshines them all.
You don't decide to sell and close 29 days later over Christmas (with COVID lockdown) without some miracles. Donna was amazing at performing lots of those miracles and ensuring that everything was done right and on time. They are a terrific team with a very responsive and professional network.
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. Basically we just approved what they suggested and Donna handled literally everything. We placed our house on the market and within the first day we had multiple offers well above asking price! We couldn't believe it. We were overjoyed! Jim countered the offers to weed through them, and everyone came back with way more. It was amazing, and we are ?? sure it was because of the staging and repairs the Klinges suggested we do.
Due to unforeseen dishonesty from the buyers lender, we hit a big hurdle when trying to close. We had already moved out of state and were shocked when three days before closing the lender dropped a bombshell on the buyers and us. However, Jim and Donna handled it like veterans, not afraid to play hard ball and represent their clients. After a few phone calls with us, and several between Donna and the lender, they had a plan B-Z to make sure we were taken care of. In the end we closed with even more money than we ever thought possible and with very little work from us. The Klinges handled this entire "2020" worthy event with the utmost professionalism and did everything in their power to not only make this as smooth as possible for us, but we also walked away with more money from the sale of the house than we ever hoped for. After working with Jim and Donna, you don't ever use anyone else. They are hands down the best team to represent you in any scenario.
Working with Klinge Realty Group was a great experience! They are very responsive, professional and knowledgable about the real estate market! I would definitely recommend Klinge Realty Group.
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. We had a few challenges with our property and they were able to coordinate the resolution to everything, including items that I would not think would ordinarily be their responsibility to handle. They made the whole process effortless on our part. They are folks with high integrity and we cannot recommend them highly enough.
Review for Member: Donna Klinge
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 about 15 years. On the buy side, Jim is the PERFECT combo of: completely digitally savvy (he will pull data all day long until you feel comfortable with your chosen house, area, school district, anticipated appreciation rate...anything!), he's super well respected and known in the area by other agents, an amazingly cool but strategic negotiator, is totally devoid of desperation for a sale/commission, and more.
Then once you get into contract phase, Donna literally handles every last and final detail in a concierge-like manner -- totally shielding you from the daily back and forth, noodling and annoyances of the buyer's requests. She solves it ALL; it's miraculous what that woman accomplishes over and above what is even expected in a buy/sell transaction.
On the sell side, Jim and Donna do the same, but even moreso. Donna in particular truly takes everything off your plate: she'll manage getting the house painted, the carpets replaced, she'll go on site (as she Jim both did for me when selling our rental properties) to work with the renters and make sure the house is ready to show -- freeing me to have to take time off of work to do so. They work with A+ integrity, too, so you know you are serving all parties fairly and lawfully throughout.
A home purchase/sale is the most considered you'll ever make. HIRE A SAVVY AGENT, not a friend!, and get what you need out of the transaction. Jim and Donna are our agents for life.
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. Jim's vast experience means he has worked with several realtors and knows the market all over north county. Donna is AMAZING in processing everything in the transaction. She scheduled trades people to work on the house in preparation for the sale as well as the repairs needed before closing. She communicated clearly every step of the way about what would be happening. She took the weight off my shoulders for the whole process. I will always use Jim and Donna for my future real estate needs and I whole heartedly recommend them to anyone buying or selling a home.
Jim and the team at Klinge Reality are without a doubt the best in the business! Not only was Jim helpful and extremely knowledgeable, he was patient and determined to help me find my first home. Jim and his team have been in the business for many years, and it shows. Jim is a wealth of knowledge and was my biggest proponent despite the temperature of the competitive market. I ended up getting the perfect property in my dream neighborhood all thanks to Jim. From the day my offer was accepted, Donna was a real lifesaver. She was extremely helpful, responsive, and knowledgeable when it came to every minute detail, and held my hand through the process. As a first time home buyer I had no idea what the process would entail, but Donna curtailed every concern I came across and made the escrow process feel seamless. Jim and Donna provided me the best home buying experience, and I am very grateful for all they did for me. It was truly a pleasure to work with Jim and Donna and I am already looking forward to the next time we work together!
Review for Member: Richard Morgan
Richard is an amazing realtor! He has high integrity and genuinely cares about his clients and their needs. Richard paid close attention to what I was seeking in a home and was very patient in our search to find it. I would highly recommend Richard and will use him for future transactions. Truly a different kind of realtor experience!
Could not be happier with my experience with Jim and his team. He helped me sell a very unique and challenging property. Throughout the entire process he was always available, honest, transparent, trustworthy, and always put my interests as a seller first. A (rare) true professional! During close of escrow Jim went above and beyond to complete the deal. It would not have been possible without his experience, fantastic team, and pure dedication. Highly recommended!
Thanks Jim and Donna Klinge!