The auction format is gaining ground – here’s the fourth high-ender this company has done in the Rancho Santa Fe area with no reserve:
14 Comments
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
View More Interest Rates
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
They must have a lot of confidence that there are a lot of Rich well-heeled buyers out there.
Very few want a small boat if they can afford a big boat (got to do something with that money).
The auction company will benefit from their hot winning streak. If one of these stumbles a bit, other potential sellers will become leery.
What constitutes a stumble? They had a “previously listed at” price of 35 million on Casa del Sol, and a pre-auction estimate of 24 million.
What did it sell for? They haven’t exactly been trumpeting the blockbuster gavel price and it’s been nearly a month.
What’s the word, Jim?
Looks like some lower priced homes are also attempting the auction format: http://www.redfin.com/CA/San-Diego/8183-Casa-Blanca-Pl-92126/home/4582228
Great trend. Hope the auctions in some form or another continue to gather steam.
Jim, curious if you think RSF is losing some of its former glory and luster? To be sure, still pricy, but some of these drops are interesting:
Example: 3.5M in 2005 down to 2.4 now:
http://www.sdlookup.com/MLS-140011530-7849_Muirfield_Way_Rancho_Santa_Fe_CA_92067
You know most of RSF, at least “the Ranch” does not have high speed internet or cable. Dark ages. In the new world, that just doesn’t work. The old folks don’t see what the big deal is but lament why new money (the working rich) are skipping the Ranch for the newer developments. Not to mention that new money might feel a little more sheepish about the $2000 a month water bill — not because of the money, but the piggish statement it makes. Hard to keep your environmental stripes driving around the tesla with the carbon footprint these houses command.
What’s the word, Jim?
The big auction hasn’t closed yet, but I’m sticking to my $11 million guess. It has no view, and it feels like you are down in a hole.
But it is a one-off – a very unusual property with lots of crazy extras. If it doesn’t go out at a big price, other potential sellers who saw it won’t be fazed.
We will see if this new auction garners a strong demand & price. It’s not the flashy high-end spectacular – it’s just another house in RSF.
It’s been for sale since last summer on the range $5,750,000 – $6,200,000 with no takers.
Once buyers factor in the ‘buyer’s premium’ of 10%, the eventual price could stumble down to $3 million or so, which could make other normal sellers leery of trying the auction process. It would seem they “gave it away’, when the other variables would indicate otherwise.
Jim, curious if you think RSF is losing some of its former glory and luster?
The Ranch has been losing luster over the last ten years as other newer and more affordable options have been built nearby. As elbarcosr mentioned, the Crosby, Santaluz, and CV are luring buyers young and old away from the Ranch, where not only are you struggling to get high-speed internet but you are also on propane and septic – which sounds barbaric to those unfamiliar.
If you are spending less than $5 million in the Covenant, you are buying a house that needs work, and once you get started the cost will begin at $500,000 and will hit seven figures quickly.
But to go back to your link and the house sold in RSF Farms, that is an inferior location. It’s not in “The Ranch”, and not close – it’s more like Baja Carmel Valley. I checked out the owner when that went down, and he is a successful lawyer and it looked like a vacation home that must have been excess property.
He paid $3.5 in 2005, and since then the competition has been fierce in the surrounding areas. Just in the last 12 months, there have been 150 sales between $2.0 and $3.5 million in 92067, 92127, and 92130. There are 101 active listings now!
I am not an advocate for RSF or anything, but there are high speed wireless and micro wave internet options that are becoming very reasonable (less than $100.00 a month for unlimited use).
Which will work just fine unless you are planning on operating a server farm or something.
Even satellite internet will work for most people.
Yes, and a good example to go along with propane and septic.
Even though all three are very suitable alternatives, they are different than city slickers are used to.
If you’re knocking down a million a year and reviewing all the places to buy a house (RSF Covenant, Fairbanks, Crosby, Santaluz, CV, etc.), and your wife turns to you and says, “I don’t like the idea of storing my poop in a tank in the backyard”, you’re probably not going to buy in the Ranch.
Re: del Sol auction, Jim, your guess is identical to the rumored sales price that was floating around the day after. Man, if my casita sold for 40% of it’s pre-auction estimate, that would leave a mark.
(Hope this doesn’t double post; tech difficulties/native idiocy on my end.)
The actual sales price is known to anyone who was there, or saw it on the live feed. My guess was off the top of my head, and if it ends up being close, I’ll be impressed! 😆
$3-$3.5mm sounds like the right price for the latest auction house. That place seems dark inside with all the stained wood on the floors and ceilings. The sloped lot with the pool on the basement level doesn’t help either. A better version of that house wouldn’t cost more than $2mm to build these days.
When we were looking to buy a lot in 2013, Santaluz and the Crosby seemed like a much better value than anything in the Covenant. We never dug deep enough to uncover the septic and internet issues. My wife will laugh when she hears that! We chose the Crosby because we have preschoolers and the elementary school (Solana Santa Fe) is much less crowded than the one in Santaluz.
The unfortunate part for the auction company is that they are doing a fine job of price discovery and the auction format will deliver top dollar on that day.
Though they knew it wasn’t selling for 6 they changed the price to the range $10,000 to $8,000,000. If it closes for 3-something it is the accurate value but it will look like they gave it away.