Jim Klinge
Klinge Realty Group
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Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldn’t be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. 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.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You can’t make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Trustindex verifies that the original source of the review is Google. We first found Jim through his blog at bubbleinfo.com, which really showcased his knowledge of SoCal real estate. Since then we've done three transactions with Jim and Donna, and they are an incredible full service agency, with Jim's deep market insight and Donna's deft contract and project management. We trust them implicitly in their analysis and strategy, which is based on years of experience. They're always available and on top of things, and we strongly recommend them to anyone.Trustindex verifies that the original source of the review is Google. 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 bubbleinfo.com 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...Trustindex verifies that the original source of the review is Google. We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready. Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free. Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.Load more
If this goes for $280,000 (to say nothing of a realtor commission)
Then subtract 20% down ($56,000)
And a 5% flat loan gets you a payment of $1202.48
With tax and insurance you are looking at about $1500 a month.
Who thinks this thing will rent for $1500?
What happens when rates go to just 7%?
Well the same buying power means your house is only worth about $240,000. If rates go to 9% then it’s worth $180,000 (or over 30% down).
Who in their right mind is willing to pay more than rent after 20% down in a world where rates can only go up?
When I was young and the market was normal, back then it was MORE expensive each month to rent. The reason you’d pay MORE each month to rent were many. Most didn’t have the down payment. Most didn’t have the credit. You weren’t locked in on a loan. You didn’t have to pay maintenance such as install a new roof, buy the new refrigerator, etc. You could get up and move whenever you wanted. Why in the world would people think rent should be lower than a house payment? You get no flexibility and have to cover the cost of all repairs…your monthly nut should be significantly below rent.
That house is worth $200,000 MAX!
But Joe it’s Oceanside! oh wait…
Your logic is too simplified, Joe. Plug in the numbers here;
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html
and see what it comes up with.
No Bubble.
I plugged in the numbers from Joe above, and the computer spit out that it’s never better to buy in 30 years than to rent.
*sigh*
Some people never learn, I guess.
Chuck Ponzi
PS. There’s still a bubble here.
For $56k, on a monthly basis, a monkey can earn more money conservatively in the stock market than what one could potentially get for this particular house in net income (negative after factoring in other costs).
Joe has a very good point. I sold my Montreal condo in 2007 partly because it was becoming more expensive to own the place than to rent it, what with the condo fees and taxes going up all the time (the mortgage rate remained pretty much the same at about 5.65%, but the return in capital was rather pathetic due to the low cash payment). There was even a huge repair bill coming up for the scheduled resurfacing of the roof which didn’t interest me one bit.
Despite all of this, and despite full disclosure of all of the building’s scheduled repairs, I still managed to find a buyer for my unit located in “Le Plateau” district in a single weekend without the help of a realtor or advertising! Bought for $125 CAD in 1999, sold for $275K CAD in 2007. The bubble hadn’t burst yet, but it was damn close!
What exactly is the state of rentals in North San Diego? What’s the proportion between owners and renters in the area? And what would be the average price?
Did everybody see Jim run that stop sign as he drove away? He turned right without stopping at it.
Naughty, naughty.
You all assume the buyer is an investor. But if it’s owner-occupied, then rising rates would not really make a difference, and buying the place would be roughly equal to renting. Maybe even less, depending on how the tax thing works out for those folks. I think most people are quite happy with having mortgage equal rent. I know it used to be cheaper to buy, for various reasons. But this has been so long ago, I think people have forgotten it’s possible.
By the way, if anyone doubts the market is in serious spring-fling mode: a house just around the corner from me on Brookhaven (Vista) just sold in a flasht, despite the fact there’s a construction site right behind the back fence. And what do they get to look at once the construction is over? A HOTEL! Now who in their right mind would buy that thing? But somebody did… (Maybe it was really, really cheap)
Jim- can you let us know if this one is an investor or intends to occupy? My guess is owner-occupied.
It’s also probably time for appraisers to change their thinking.
And, anyone else following housingtracker? http://www.housingtracker.net/asking-prices/san-diego-california Besides plummeting inventory look at the spike for asking prices in the upper end. There is a frightening disconnect going on here.
Ten offers are in, nine from owner-occupiers.
It looks like it’ll be 15% to 18% over list by the time we get it done today.
Wow. Listed Thursday, in escrow Tuesday.
Look for more owner-occupied purchases to start happening in the $300-$450K range. And, subsequently the Flippers will reappear. Bad news for the indignant renter but good news for homeowners is that these Flippers will start pushing up the middle tier of prices. Feels like 2002 again.
There are places right now where rents are significantly more than the cost of owning. Riverside and all of the Inland Empire, for one.
I am buying in Oceanside right now. I’m at the low end (upper $200s) for non-fixers. The cost of owning is comparable to rent, which is one reason I feel somewhat confident in the purchase.
P.S. I posted a message last night on this thread and it looks like it was deleted. I wonder if I said something wrong?
osidebuyer,
I’m fine with people learning here and using it as they see fit. Bubbleinfo.com is offered without obligation.
But don’t come back and rub my nose in it.
tsgarcia, that’s what they call a “California stop”.
“Stoptional”
And, subsequently the Flippers will reappear. Bad news for the indignant renter but good news for homeowners is that these Flippers will start pushing up the middle tier of prices. Feels like 2002 again.
Mozart | June 2nd, 2009 at 10:03 am
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The flippers have been back for a while, now. BTW, flippers don’t raise the prices in a neighborhood unless someone is willing to buy their flip for more than they paid. They are indicative of future supply, though (in rentals, for the “speculative “landlords” and “for sale” inventory for the flippers).
Even though some first-time buyers are able to get in now, there are far too many “investors” out there to call this a bottom, IMHO.
One of the red flags during the bubble was the unusually high level of speculative buying.
Chuck, what numbers are you using? Even if the rent is $1200, I still get buying is better after 24 years.