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...
My money sense is tingling on this one.
The upside is that changing capitol gains from 500k to 1000000k is that initially youd get more sales.
The downside is that people would quickly start flipping properties + everything would end up being around $1000000 as the starting price.
Personally I think the 500k limit is stupid. It encourages people to live in a situation where their house is always under 500k in equity + moving up the ladder. It’s a disincentive to actually own something when you cant sell it + realize the full amout of profit if over 500k in equity.
Shadash, do you have any actual evidence this would result in increased sales? Prop 19 was supposed to do that, but I have yet to see any evidence it did. Like Prop 19, this is another specialty tax cut for upper incomes greenwashed as some socially progressive initiative (and I say that as a CA homeowner and upper income person). Even a 2nd generation Democrat politician understands the vote-getting potential of tax cuts. I call male bovine excrement.
It can be a matter of basic fairness. Imagine a scenario where a man ditches his wife to marry a much younger woman he meets overseas. They marry, return to America, buy a house and sell it 3 years later, making a profit and receiving a capital gains exclusion as a married couple for half a million. Meanwhile the ex- wife years later who has been living in a house she now owns alone after the divorce with a special needs adult child from the failed marriage goes to sell after six years ,and can only realize a $250,000 tax exemption, though because of the divorce her entire financial situation ( and the child’s especially) is much more precarious than her ex’s or his new younger wife’s .
Yes but if her ex-husband mysteriously dies and then she sells the house within two years, she would get the full $500,000 exemption :).
I am 63 years old lower middle class, not “upper income.” Single, divorced. Raised by single mom in not so great neighborhood in San Diego. Put my self through college. Did without a lot of things to have and keep my house, maintain and improve it. LARGE ADU, and two Jr. ADU’S now built next door. Lost privacy, quiet enjoyment of my property, the ability to park and harassment by the tenants who block my driveway, trespass, etc. I cannot move because the capital gains tax will prevent me from purchasing what I have somewhere else in San Diego. Everyday I look to see if there has been any progress of HR 1321