A tack-on to the previous Carlsbad condo report – the new complex in downtown Encinitas:
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Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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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
I think their vague, super-wide price ranges are a negative. If they put aggressive prices on each unit, they’d sell more.
How much will someone pay to look at trains going by 40+ times a day?
I don’t know. $450,000? But you are in downtown Encinitas, walking distance to the beach.
Jim, how many of these do you think are going to be bought and rented out? Do you think they’ll sell out or will it stumble?
Love those captions!
Anyone know if the commercial/residential condo complex on the corner or Encinitas and PCH is sold out? And how much were/are those selling for?
“Home prices, as best we can judge, have really flattened out in the last year,” Greenspan said. “And while it is true that most economists expect a small dip from here, largely as a consequence of the ending of the tax credit, the data don’t show that at this particular stage. If home prices stay stable, then I think we will skirt the worst of the housing problem.”
Threatening that stability is a growing shadow inventory of homeowners entering default, Greenspan said, which could lead to more foreclosures hitting the real estate market.
The lofts on the corner never sold, and went to rentals also. No information on their website about pricing, but it looks like they have some occupants, both commercial and residential.
Don’t believe anything Greenspan or Bernanke says. First, everything they say is tainted by banking interests. Second, these people are Bureaucrats. They won’t see/react to market changes until they’re well underway.
You can get ahead of the curve but watching the market yourself. We all know there’s a huge amount of “overhang” waiting to hit the market. It’s all a matter of how long banks can keep it from happening.
Not to hijack a topic but this is worth it…
http://www.npr.org/blogs/money/2010/08/02/128932599/how-the-housing-bust-helps-get-disadvantaged-families-into-plush-homes
Houses low income people should be able to afford if there was no government intervention are being sold to investors and then rent is subsidized by government so low income people can live in the houses they should have been able to buy.
If there was no government intervention both rents and houses would be priced lower. The prevailing wages would work.
Instead taxpayers foot the bill and the only people that get rich are banks who don’t have to sell properties at the market price and investors that are able to charge inflated rents because of section 8 programs.
Alles – We negotiated to buy the construction loan on the Lofts about a year ago to no success. This loan was part of the FDIC takeover of Vineyard bank which went to California Bank/Trust which has the full ‘loss sharing provisions’ previously discussed here.
At that time no units were sold as the lender wisely disallowed any sales even at low prices. I hear you say, why “wisely disallowed”? As a lender/investor I would rather keep the entire project in one set of ownership so we could chart our own course on pricing, HOA, rentals, and, most importantly, ease of foreclosure and liquidation of the project with no legacy owners to deal with and get their approvals.
PLUG: Lastly, if anyone needs a good divorce attorney, my sister-in-law took space in that bldg as “Law Office of Annette Hall Neville”…
CF, it looks like the lofts are still owned by the developer (bank didn’t foreclose).
Is that the case?
Thanks for the updates about the Loft. I drive by there at least four times a day and always wonder what is going on.
CF, tell your sister-in-law congrats on the law office. Those offices look pretty sweet and that is a nice location for that type of law practice.
I imagine lease terms are pretty favorable at the Loft considering “Tube Dog” has managed to stick around as a tenant for as long as it has. Not that their tube dogs are bad – they are actually kind of good – I just rarely see anyone in there other than a few teenagers playing X-Box.
JTR – I understand that the bank has not foreclosed. The owners are upside down by at least $10mm+ and that will never come back…but they are obviously convinced it will.
My take is that there is a deep pocket on the hook with a personal guarantee for the interest payments, etc and the bank is grinding that angle pretty aggressively to keep some interest coming in, and to have them keep the place maintained with the hope of the economy saving them.
Once the economy turns, I would expect the bank to foreclose when they feel they can spin the units and make some $$$. But why take it back now and incurr a negative cash flow.
Clearfund & JTR,
Do you guys think Whole Food Condos (love that term haha) will be a success? Are the prices what you thought they would be? What do you think of the development in general?
I would love to hear your thoughts.
Joe – I honestly know zero about that project, except that the unit prices are lower than what the Lofts started at.
I’ll withold any commentary until I see what you get for your $$$, however, I have a feeling they are overly optimistic by definition of being an upside down seller.
What is it that you do exactly? I’ve always wanted to go into real estate, it’s something that I love. My parents are doctors at Scripps, which is cool and all….but not for me! haha.
How’d you get started, is what I want to know.
Joe – Was initially a biochemistry major at UCSD and thinking of med school (finished as an econ major and biochem minor)…now manage investment partnerships on behalf of many individual investors in commercial real estate nationwide. We’ve done over $1B of transactions over the years.
How’d I get started…worked 20 hour days, 7 days/week at the Morgan Stanley Realty Fund learning the fundamentals of cash flow/acquisitions/corporate finance/etc.
First job was reading/analyzing leases for our purchases (think 50-300 legal sized pages x 50 tenants in a center). Lease terms, even the minutia, are the bedrock of the property’s cash flow and landlord liabilities/expenses. Learn operations first, buy second.
That is interesting, clearfund. I’ve always wanted to get into the investment field, but taking that paycut from my current job always made me shy away.
I’ve thought about doing value investing stock analysis on the side, and selling presentations on it, but the work involved in getting known was also a barrier. 🙂 I’d rather just relax in my jacuzzi after work.
BTW, I started out as an Physiology major (pre-med)@ UCSD, but decided to dive into Computer Science instead.
I wanna go check out those lofts when they are done. How can they justify $800k for a 3 Bedroom with a street view? I wonder if they are ingesting too much Xylitol (sugar-alcohol) from Whole Foods. Hopefully they are not reading this blog haha.
The lofts are owned by the developer who paid everything with cash. I see talks in here about foreclosure. Trust me, this guy is nowhere close to that. This deal is pocket change for him, He wa sjust smart enough to lease. The market will turn around eventually, especailly by Moonlight Beach, and he’ll come up roses.