Speaking of other realtors using video, our local TV station, Channel 10, featured this realtor because of his youtubes:
SAN DIEGO – A local real estate agent is busting out some lyrics. He is not a professional rapper, but he is trying to generate business any way he can.
Rafael Perez is a Bonita-based agent for Dominion West Properties. He has produced more than 50 informative videos before but his friends and coworkers let him know they fell on the bland side.
“Most of the time people said, ‘Hey, it’s a really informative video. It was great information, but loosen up, try to be funny and have fun with it,'” Perez told 10News after reporter Joe Little found the would-be rapper’s video on YouTube.
“Home ownership is back, now the new routine,” Perez raps in the video.
Perez actually has a miniature TV studio in his office complete with tripod, green screen and a video editing program on his laptop.
“I recorded the whole thing with my phone,” he said.
Tracy Glesby is a real estate agent. No doubt she’s good at her job.
But D Magazine did not name her a Best Real Estate Agent in either 2011 or 2012, as one would be led to believe by her Facebook page.
Glesby and I aren’t friends, so I can’t see her timeline. But the screenshot you see here was taken today. Which is why I like this lady’s moxie. Because last Wednesday, she got a call from our brand manager, politely asking her to remove the Best logos that she had not earned. Some snippets of that conversation:
D Magazine: “I’m curious. How is it that you acquired these logos? I am the person who disseminates these to the winners, so I am unsure how it is you even have one.”
Tracy Glesby: “Uhh, you can just google image it.”
D Magazine: “Our editors and fact checkers go through a very rigorous process to determine these lists, and when it is misconstrued or intentionally misrepresented by someone claiming to have won when it was not actually bestowed upon them, it really undermines the prestige.”
Tracy Glesby: “Ok, well, now you’re just using a bunch of words that I don’t understand. I’m an end-game person. Let’s just get to the end of this. If I take those two little logos off, are we all good? Because I can do that when I get to the office in the morning.”
As I say, that conversation happened last Wednesday. Yet the logos remain. That there is what you call stick-to-it-ness. You put your house on the market, and it doesn’t sell the first day? Tracy Glesby isn’t going to give up. To make the sale, that lady is going to do whatever it takes.
Hat tip to “just some guy” who saw this at patrick.net:
At the Washington Realtors’ legislative hill day this year we had an opportunity to hear from the National Association of Realtors’ chief economist, Dr. Lawrence Yun. Dr. Yun spoke about the improving real estate market in Washington state and his optimistic outlook for our state’s housing prices to continue rising at a rate faster than the nation as a whole.
At the same time, he was concerned with the persistence of high levels of “shadow inventory” in Washington, even while those levels have been shrinking significantly across the nation as a whole. Dr. Yun surmised that the legal system in Washington was one that provided more obstructions to the foreclosure process, and that was creating a huge backlog of foreclosures that should have already been back on the market. The striking lack of inventory in our current market is holding back a large crop of eager buyers and stifling home sales in general.
The essence of Dr. Yun’s point was that we should speed up foreclosures. On its face, that’s not an argument you’re likely to hear from real estate professionals. Our organizations are constantly working for property owners’ protections and rights, and fighting fraudulent or predatory practices that force homeowners out of their homes.
This issue, however, is more complex than simply pitting banks against homeowners. When we really examine the broken foreclosure process in our state, and nationally, we have to make clear distinctions between the protections that distressed homeowners already have in place, and the unacceptable extensions of the actual foreclosure timelines taking place in the market.
There are an increasing number of homeowners who have realized that, even though their home is underwater and they have no intention of keeping it long-term, they can live in the home without making a payments for years on end. As long as the lender is inhibited from closing the actual foreclosure sale, the number of people living in homes for two and even three years, rent free, continues to build. The homes are a drag on the community, as these long-term foreclosures deflate nearby housing prices, instead of being resold and fixed up by the new homeowners. The homeowners can’t just abandon the property, because it is still legally in their name (see Zombie Titles).
The effort to shorten the timelines on these foreclosures would make no changes to the protections already built into the process for the truly distressed homeowner. There are already a number of steps for that person to repay their debt, work out an adjusted payment schedule, or find another means to save their home. These people usually have at least a year from the time they stop making payments until the foreclosure sale goes through, and those protections can and will continue to exist for them.
For those homeowners who have already been through the normal foreclosure process and are one, two, or even three years behind on payments, the process needs to be expedited. These folks have accepted that the home will be foreclosed upon, and the only question is when. It will be better for the neighborhood and, frankly, better for these former homeowners to move on with their lives and begin to rebuild their credit. This artificial backlog of foreclosure inventory has an eager market of buyers ready to move in, and our communities could benefit from a healthy gain in home sales as we continue to recover.
So, should we speed up foreclosures? If the current legal protections are preserved, but the unnecessary multi-year extensions can be avoided, then the answer is “Yes.” Sometimes, facing up to reality and moving forward is the only way to begin correcting the difficult times we’ve been through.
If President Obama gets his way, a lot of folks at Fannie Mae and Freddie Mac will be paying higher taxes in 2013 — and not just the senior executives.
More than 2,000 non-executive senior managers at the two firms were paid over $200,000 in 2011, The Wall Street Journal reports, citing a new report from the Federal Housing Finance Agency. Among those senior managers, the median pay of vice presidents was $388,000 while 1,650 “directors” had a median income of $205,300.
Other findings in the report:
The top 90 executives at the two firms took home a combined $92 million last year.
The median pay for 23 executive vice presidents was $1.7 million.
The median pay for 62 senior vice presidents was $723,500.
Always controversial, Fannie and Freddie have become lighting rods since being taken into conservatorship in 2008 and this report is (almost) guaranteed to generate a strong response.
On the one hand, taxpayers are still nearly $140 billion in the hole for the multiphase rescue of the two firms so reports of big salaries is sure to outrage many. On the other hand, the government has become increasingly reliant on the GSEs since the housing bubble burst: Fannie and Freddie guarantee $5 trillion in outstanding mortgages and fund about two-thirds of new mortgage loans, The WSJ reports.
Given their checkered past, working at Fannie and Freddie doesn’t have the same cache as it did during their “glory years” in the 1990s and early 2000s. But the firms have a critical, ongoing role in the housing market which means that the government (and taxpayers) have an incentive to ensure the firms are staffed with qualified employees.
“It is absolutely critical that our compensation is competitive in the market,” a Fannie spokeswoman tells The WSJ.
Setting aside whether industry compensation itself is out of whack, “the reality is Fannie and Freddie are non-competitive,” says John Tamny, editor of Real Clear Markets. “To say they need to keep these executives around is the problem with bailouts more broadly.”
Among others, Tamny thinks we’d all be better if the government had allowed Fannie and Freddie to fail.
“Someone with a clue about profits would have purchased them and they arguably would have fired all these employees who are clearly overpaid,” he says. “This is why we have free markets so we can get rid of abuses like this — but then again, Fannie Mae and Freddie Mac don’t exist in what anyone would remotely call a free market.”
Hat tip to Susie for sending this in from our friends atabcnews.com!
It’s the Spruce Goose of homes — American in its super-sized scope and confusion of styles. And the American Versailles differs from its historic namesake in a few key ways: It’s still under construction, it’s located in Florida, and it includes amenities like a bowling alley.
The American Versailles, if completed, will be, at 90,000 square feet, bigger than a 747 airplane hangar and will hold the distinction of being the largest house in the United States. Other features include nine kitchens, 30 bathrooms and two movie theaters. The home’s mahogany doors and windows alone cost $4 million.
The owners, vacation time-share mogul David Siegel, 77, and former beauty queen Jackie Siegel, 46, said they had originally planned for the home to be smaller.
“We didn’t start out having a 90,000 square foot house. It was more like a normal 60,000 square foot house,” David Siegel said with a chuckle.
“…But then I said, ‘I want a bowling alley,'” Jackie Siegel continued. “And then he said, ‘Well, I want a health spa.’ You know, so we just kept going back and forth and adding on things.”
The Siegels offered filmmaker Lauren Greenfield full access to their home, their prickly marriage and some belt-tightening. When the recession hit, construction stopped for four years.
“This is almost like a riches to rags story,” David Siegel said in Greenfield’s documentary, “The Queen of Versailles.”
In an interview with ABC News, Siegel, the billionaire founder of Westgate Resorts, clarified that comment.
(Senatobia, MS) Terry Jordan, of Tate County Mississippi, quickly fell in love with a home in Senatobia. It was a foreclosure and needed a lot of work. Her husband had just lost his job. He was going to fix it up and sell it for a profit to help them while they got through a tough time.
Jordan says she visited the home three times, her realtor taking the keys out of the lockbox on the door, and she went through an act of sale. She says she immediately got to work, spending thousands of dollars.
“I have had a new roof put on, new electrical in it, I have had plumbing done to it,” said Jordan.
She had the property surveyed, after seeing records at City Hall that didn’t look quite right. After the survey she learned the bad news from her realtor.
“She’s like I don’t know how to tell you this but we might have sold you the wrong house,” said Jordan. Just to the right of the home she thought she bought was another one, it’s seems that’s the one that was supposed to be sold, the one she legally bought.
The home was listed by Bob Leigh Realtors. A representative told us the mortgage company gave them misinformation. We contacted the company’s namesake with no luck.
Ms. Jordan says she’s been waiting for a solution for months, and she’s spent money fixing a house she doesn’t even own.
Jim the Realtor is legit - I interviewed three brokers; he said list price should be $100,000 higher than the other two brokers; listed it with him and had all cash (no financing) offer in two days, five day contingency period, closing in two weeks - and it closed at his recommended list price. I could not recommend anyone more than I recommend Jim the Realtor.
When we moved to San Diego in 2005 we rented a big house on Mt. Soledad (La Jolla) with 180 degree ocean views for the same payment as a mortgage on a dump in Chula Vista. Clearly something was wrong. Yet, the media was full of the usual happy-talk nonsense, so I was glad to find Jim's blog. I've followed his honest assessments and data since.
We decided to sell and move to AZ at Thanksgiving. Dec. 1st we met with Jim to sell our home. We closed today (29 days later). Jim orchestrated a feeding frenzy -- we had 25 showings in 2-1/2 days, multiple offers, and sold for well over asking price. I'd say he earned his commission! We have owned and sold homes in 5 different States always using experienced, productive, full-time realtors. Jim outshines them all.
You don't decide to sell and close 29 days later over Christmas (with COVID lockdown) without some miracles. Donna was amazing at performing lots of those miracles and ensuring that everything was done right and on time. They are a terrific team with a very responsive and professional network.
Where do we begin..2020 has been a year for everyone. When COVID hit and shut down both my husband and my businesses, we were left with a mortgage and very little income coming in. We were stressed, scared and felt stuck. We made the hard decision to sell our home and move out of state. We contacted the Klinges' and spent a good hour going over what we hoped we could accomplish. Jim and Donna came over with comps in hand and suggestions on improvements to get our house ready for the market. It was overwhelming to think about, but Donna was there and one step ahead in every scenario. Basically we just approved what they suggested and Donna handled literally everything. We placed our house on the market and within the first day we had multiple offers well above asking price! We couldn't believe it. We were overjoyed! Jim countered the offers to weed through them, and everyone came back with way more. It was amazing, and we are ?? sure it was because of the staging and repairs the Klinges suggested we do.
Due to unforeseen dishonesty from the buyers lender, we hit a big hurdle when trying to close. We had already moved out of state and were shocked when three days before closing the lender dropped a bombshell on the buyers and us. However, Jim and Donna handled it like veterans, not afraid to play hard ball and represent their clients. After a few phone calls with us, and several between Donna and the lender, they had a plan B-Z to make sure we were taken care of. In the end we closed with even more money than we ever thought possible and with very little work from us. The Klinges handled this entire "2020" worthy event with the utmost professionalism and did everything in their power to not only make this as smooth as possible for us, but we also walked away with more money from the sale of the house than we ever hoped for. After working with Jim and Donna, you don't ever use anyone else. They are hands down the best team to represent you in any scenario.
Working with Klinge Realty Group was a great experience! They are very responsive, professional and knowledgable about the real estate market! I would definitely recommend Klinge Realty Group.
Jim and Donna Klinge made the sale of our condo extraordinarily easy. They know the market and gave us sound advice backed by details and very considerable experience, reflected both in the initial pricing and subsequent negotiations. They work together as a team and are always available to talk. We had a few challenges with our property and they were able to coordinate the resolution to everything, including items that I would not think would ordinarily be their responsibility to handle. They made the whole process effortless on our part. They are folks with high integrity and we cannot recommend them highly enough.
Review for Member: Donna Klinge
I cannot believe there are no reviews of Donna yet, ugh!! She is the secret sauce of the Jim Klinge/Donna Klinge combo! I will touch on Jim here, but Donna is why I'm so totally loyal to these two (no offense to Jim :)).
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in about 15 years. On the buy side, Jim is the PERFECT combo of: completely digitally savvy (he will pull data all day long until you feel comfortable with your chosen house, area, school district, anticipated appreciation rate...anything!), he's super well respected and known in the area by other agents, an amazingly cool but strategic negotiator, is totally devoid of desperation for a sale/commission, and more.
Then once you get into contract phase, Donna literally handles every last and final detail in a concierge-like manner -- totally shielding you from the daily back and forth, noodling and annoyances of the buyer's requests. She solves it ALL; it's miraculous what that woman accomplishes over and above what is even expected in a buy/sell transaction.
On the sell side, Jim and Donna do the same, but even moreso. Donna in particular truly takes everything off your plate: she'll manage getting the house painted, the carpets replaced, she'll go on site (as she Jim both did for me when selling our rental properties) to work with the renters and make sure the house is ready to show -- freeing me to have to take time off of work to do so. They work with A+ integrity, too, so you know you are serving all parties fairly and lawfully throughout.
A home purchase/sale is the most considered you'll ever make. HIRE A SAVVY AGENT, not a friend!, and get what you need out of the transaction. Jim and Donna are our agents for life.
Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community. Jim's vast experience means he has worked with several realtors and knows the market all over north county. Donna is AMAZING in processing everything in the transaction. She scheduled trades people to work on the house in preparation for the sale as well as the repairs needed before closing. She communicated clearly every step of the way about what would be happening. She took the weight off my shoulders for the whole process. I will always use Jim and Donna for my future real estate needs and I whole heartedly recommend them to anyone buying or selling a home.
Jim and the team at Klinge Reality are without a doubt the best in the business! Not only was Jim helpful and extremely knowledgeable, he was patient and determined to help me find my first home. Jim and his team have been in the business for many years, and it shows. Jim is a wealth of knowledge and was my biggest proponent despite the temperature of the competitive market. I ended up getting the perfect property in my dream neighborhood all thanks to Jim. From the day my offer was accepted, Donna was a real lifesaver. She was extremely helpful, responsive, and knowledgeable when it came to every minute detail, and held my hand through the process. As a first time home buyer I had no idea what the process would entail, but Donna curtailed every concern I came across and made the escrow process feel seamless. Jim and Donna provided me the best home buying experience, and I am very grateful for all they did for me. It was truly a pleasure to work with Jim and Donna and I am already looking forward to the next time we work together!
Review for Member: Richard Morgan
Richard is an amazing realtor! He has high integrity and genuinely cares about his clients and their needs. Richard paid close attention to what I was seeking in a home and was very patient in our search to find it. I would highly recommend Richard and will use him for future transactions. Truly a different kind of realtor experience!
Could not be happier with my experience with Jim and his team. He helped me sell a very unique and challenging property. Throughout the entire process he was always available, honest, transparent, trustworthy, and always put my interests as a seller first. A (rare) true professional! During close of escrow Jim went above and beyond to complete the deal. It would not have been possible without his experience, fantastic team, and pure dedication. Highly recommended!
Thanks Jim and Donna Klinge!