San Diego is mentioned in this cnbc piece, which wraps up with a quote that could become a self-fulfilling prophecy – “Buyers are in the drivers seat”:
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Jim Klinge
Klinge Realty Group
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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. 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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. 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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!Load more
That’s where you come in Jim,
So is inventory above historical norms’s
or just getting back to more normal levels?
Of course this all make for great headlines but does it really mean anything.
Will/should sellers cave or just pull the listing until February?
(It is low-ball season).
If qcom start’s laying off then I will start worrying.
Higher-end prices are flat and that’s not likely to change next year. Whatever is stopping a house (price or condition) from selling this year isn’t going to change next year. Might as well get it done now!
Have you had any recent experiences to share with sellers that just wouldn’t come to market for buyers you were representing? How about the other side, with sellers you were representing that might be stuck on a price they couldnt get? Words from the street are what most of us are here for.
It is what you’d expect, and it’s always been this way. Sellers always want more, and buyers want to pay less. Occasionally somebody gives and a house sells.
Jim, I liked your last comment. That is exactly what is going on with me currently 🙂 Keep guessing I am buyer or seller.
But here are my thoughts on interest rates and home prices:
– Interest rates will hover around same till end of 2015.
– Reason being inflation is not going to increase and fed is not going to jump the gun and raise interest rates.
– If company earnings fall down, then everyone piles down onto treasures, so interest rates go down and home price increases.
Now other side:
– home prices are expensive. They are because of interest rates.
– so you like a home, you think you can lock it within 4%, i would do it.
– If interest rates increases, then you will get deals. But remember it has to be atleast 4.5 %. That means ur Treasury 10yr has to increase by .5% . Very long shot. .25% change is 20% probability currently.
– If you see a bad house, who is giving good deal. DOnt buy it . You might end up with crap home, when interest rates rise eventually ( 2018-2020).
-Realestate/booms are 8 yr cycles. 🙂
I would like to hear other thoughts, who are either a buyer/seller.
BTW..forgot to add.
– Qcom layoffs. I am ex-qc. House cleanup is done. if you dont know someone who got effected, then you are not following qc. They might again do it if they think they cant get money from china, but give it at least an year.
Let’s talk about it after the next video, coming later today.