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Buyers, Read Those Disclosures First!

Link to embedded video. Here's the gist - before you make an offer on a property in Big Bear, be sure to review the seller's property disclosures first. The property disclosures contain lots of important nuggets, some of which may affect your decision to buy the property. What I see most of the time is buyers make an offer, spend several days negotiating back and forth, and finally come to an agreement with the seller. Then, days later when they finally review the property disclosures, they realize there are … [Read more...]

Agent Representation is a Two-Way Street

Click here to see embedded YouTube video. Here's the gist - just because your agent does not agree with you does not mean they are not representing you.  Much of the value a real estate agent provides lies in their knowledge and experience.  They've been down this road a lot of times in the past. So, when a buyer or seller is looking like they might be getting ready to jump off a real estate cliff so to speak, most agents are going to warn their clients ahead of time and give them advice.  This can come across as … [Read more...]

When Will Prices Go Up in Big Bear?

Click here to see embedded YouTube video. This is a question I get on a daily basis. Prices are directly tied to sales and demand. The more sales (demand) we see, the higher prices should go. We've been averaging 50-90 sales the past 2 years or so. Compare that to the 200 per month we used to see back in the early to mid 2000's and you'll see demand is still pretty limited right now. Once we see a sustained amount of sales per month, in the range of 150 per month for a 6-12 month period, then we should start … [Read more...]

Sure Fire Way To Increase Sales

Direct link to YouTube video Take care of your customers and your sales will do better.  Seems easy enough, yet many companies fail miserably in the customer service area.  And many don't even think about it when looking to improve sales.  Rather, they think in order to improve sales they have to spend more money advertising, cut costs, spend more time on the Internet or social media. There are plenty of companies out there proving that customer service drives sales - Zappos, Redfin, Starbucks, Apple are a … [Read more...]

Big Bear Home Buyers – Get Educated!

Many people assume real estate agents are always looking for the quick sale, especially when it comes to buyers. To somehow trick the buyers into buying something they don't really want to buy in the quickest amount of time is the standard real estate stereotype I hear all the time. It may be the case in some instances, but to me an informed and educated buyer is the best kind of buyer I can work with. Those who take their time and do their due diligence prior to looking and buying . The times I see problems … [Read more...]

Buying a Fannie Mae Property – First Look Policy

Fannie Mae properties are a lot different than other REO or bank foreclosures. Just one of the differences is the First Look program - the first 15 days a property is listed for sale (or listed on HomePath.com), they will only respond to offers from "owner occupants and those using public funds." This affects Big Bear home buyers as nearly 80% of them are second home buyers. While they can still submit their offers at anytime, they will have to wait until the 15 days expires in order to get a response from … [Read more...]

Listing Agents – Lazy & Lucky?

Click here if you cannot see the embedded video. … [Read more...]

2 Things That Do Not Affect Big Bear Real Estate Values

Click here if you cannot see the embedded video. 1. What the seller paid for it. 2. What the seller needs to get out of it. The market value is what it is, and has no relation to what the seller got it for, or what they owe or need to get out of it. While it may determine whether or not a buyer wants to buy it, or whether or not a seller wants to sell, it does not change the current market value. Your thoughts? … [Read more...]

Buying A Short Sale Could Make You Hate Your Agent

Click here if you cannot see embedded video. As with any real estate transaction, the sale is only as strong as the communication between all parties involved.  And with all of the moving parts involved with short sales - listing price, paperwork, following up with the bank, bank approval, tax implications, etc -problems are bound to come up.  Good communication = a good chance of the short sale going through. Also, it is important for buyers to have a clear understanding of what they can expect in a short sale … [Read more...]

Where’s The Value In A Free List Of Properties?

Click here if you cannot see the embedded video. If you want some REAL knowledge of the foreclosure or REO properties in Big Bear, check out these guys.  They've got the knowledge, study the market everyday, and even a run a site specifically dedicated to bank owned homes in Big Bear. … [Read more...]