Thanks @Linsey & @tyr for #buzzRE OC today. … [Read more...]
The Case Against Waiting To Sell Your Big Bear Home
April 23, 2010 by Leave a Comment
Click here for direct link to the video. … [Read more...]
Best Doesn’t Mean Highest – The Truth Behind Multiple Offers
April 20, 2010 by 1 Comment
Bank owned listings are accounting for almost 50% of the sales in the Big Bear area. Multiple offers are becoming the norm on these aggressively priced properties and the buyers are having to learn a new strategy of making offers and counter offers. Gone are the days of endless counter offers back and forth between the buyers and sellers. Receiving a best and final counter offer is what a buyer can usually expect and there are some things that you should know when responding to these bank counters. Highest … [Read more...]
Big Bear Home Sales – March 2010 & First Quarter 2010
April 11, 2010 by Leave a Comment
Home sales in Big Bear jumped in March 2010. First quarter sales are up while prices are still down. Big Bear Home Sales Home sales in March were up 18% when compared to the February sales (73 v. 62). Year over year, sales are up 26% from March 2009, encouraging news for the market. Compared to March 2008, sales were up 49%! 34, or 47%, of the 73 home sales in Big Bear were bank owned, about 8% more than last month and one of the highest months for bank owned sales in Big Bear we've seen in the past 6 months. … [Read more...]
Five Mistakes Buyers Make When Buying In Big Bear
April 9, 2010 by Leave a Comment
Buying a home can be a confusing process for somebody who has not been through it several times. There are so many things to consider and so much paperwork to be completed before a transaction can be fully completed. If a buyer is not prepared for all the eventualities, it can be a very trying experience. In order to make the process as smooth as possible, I am going to list five major mistakes that many buyers make. 1. Not being pre-approved. In my mind, this is the biggest mistake a buyer can make. Most sellers … [Read more...]
Big Bear Foreclosure Numbers – February 2010
March 21, 2010 by 4 Comments
Foreclosure filings in Big Bear jumped 23% in February 2010 when compared to January. Year over year however, foreclosure filings were down 22% from the February 2009 numbers, the second straight month that foreclosure filings were down year over year. Keep in mind, foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in their payments. Notices of Sale (NOS), a recorded document … [Read more...]
5 Questions Every Buyer Should Ask Their Realtor
March 10, 2010 by Leave a Comment
1. Are you a Realtor or an agent? Most folks probably don’t realize that there is a definite difference between the two. A person who joins the National Association of Realtors is bound by the code of ethics of the association and must conform their conduct to meet its ideals or face expulsion from the group. Only a person who is a member of this group can call themselves a Realtor. A person who is not a member cannot call themselves a Realtor. They are classified as an agent, and are not bound by the code of … [Read more...]
“But My Neighbors Are Asking A Lot More For Their Homes”
March 9, 2010 by Leave a Comment
I get that response a lot from sellers when we talk about the current value of their home. And my reply, "the same neighbors who have been on the market 6-12 months without selling?" If you are going to compare prices with neighbors, make sure you are comparing with the ones that are currently in escrow, or those who have sold over the past 3 months, as those are the realistic prices being sold today. Can't see embedded video? Click here. … [Read more...]
Big Bear Home Sales – February 2010
March 8, 2010 by 2 Comments
Home sales in Big Bear remained relatively stable in February 2010 with no major shifts either way. Big Bear Home Sales Home sales in February were up a modest 7% when compared to the January sales (61 v. 57), and year over year, sales about 5% from the February 2009. Compared to Feb. 2008, however, sales were up 80%, further proof that 2008 was the bottom for number of sales. As for the pricing bottom, that remains to be seen. 24, or 39%, of the 61 home sales in Big Bear were bank owned, about 7% less than … [Read more...]
