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.
that’s right Jim. I’m an estate planning attorney and there’s no way I’d advise my client (if my client was elderly Mom) to sell if Mom cared about reducing taxes and there were ANY alternatives. There are usually PLENTY of alternatives such as renting out the property, reverse mortgage, etc. That applies not just to clients who are 101 years old with highly appreciated real estate but any elderly clients.
whoops — this didn’t make it in the last one, but there are charitable planning strategies that can benefit Mom, her family AND a charity that work for families with highly appreciated real estate that they don’t want to pay capital gains taxes on
Right on point Jim!
Thanks Curtis!
If the step-up in basis goes away, mom’s kids and grand kids will get screwed. Wealth redistribution at its finest. We love you Joe and AOC!
If big government would give a huge reduction in capital gains taxes for real estate you would see a flood of homes come up for sale. I am NOT selling any of my 20 properties because the cap gains.
If government cared about fixing the housing dilemma, they would change the capital-gains tax for real estate sales.
It would be the easiest way to stop this runaway train and provide more inventory immediately.
Thanks Bobbi!