Click here for video link. Back in the "crazy" Big Bear real estate years of 2000 thru 2007, the longer a home was on the market, the more a seller could get for it. The prices were going up every month, and sellers were getting lucky. Over the past 5 years however, this process has flip flopped. Generally, the longer a home sits on the market, the lower the price it will fetch. Seems pretty simple. Yet, sellers continue to tell me they want to sell, but they are not in a hurry. Therein lies the … [Read more...]
Big Bear Sellers, Time is Not on Your Side.
Dip In Inventory Equals Opportunity For Big Bear Real Estate Sellers
Direct link to - Window of opportunity for Big Bear sellers The number of homes for sale in Big Bear has been steadily dropping the past few months. Just recently, we dipped below 600 homes for sale. With that comes a window of real estate opportunity for some Big Bear home sellers. As the inventory levels drop, so does the number of available options for buyers to choose from. And when they have less options to choose from, this makes certain properties stand out, which in turn increases the odds of that … [Read more...]
Does Your Big Bear Home Have Wiggle Room?
Direct link to the YouTube video. … [Read more...]
The Chicken or The Egg in Big Bear Real Estate?
YouTube video link. Most sellers think that as long as their property is on the market, buyers are going to look at it. They neglect the fact that many buyers make the decision if they want to see the home before they actually go out to it in person. With so much information available online, buyers are quick to dismiss the properties that miss the mark in one way or another. And it is not that they aren't seeing all of the listings. Unless the buyer lives in the Osama Bin Laden compound with no internet access … [Read more...]
What Do Real Estate and Weather Reports Have In Common?
Link to YouTube video. They are most accurate when describing local conditions. I wrote a post several years ago on this same topic but it is still just as important today - especially given all the news about homes prices, sales numbers, and foreclosures that get published every month. The key point is this - just as you wouldn't watch a weather report in San Francisco (insert any other City name here other than Big Bear) and assume it must be the same weather conditions in Big Bear, you shouldn't take advice … [Read more...]