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The Escrow Process – Part Two

When escrow is opened the buyer’s deposit check will be cashed. Assuming the sale goes through, this money will be applied to the purchase price of the home. If for any reason the sale is not consummated, a buyer may be entitled to receive all of their deposit back, depending on the reason, less standard cancellation fees. In certain instances, the seller may be able to retain this money as liquidated damages. Prior to executing a purchase contract it would be wise to speak with your agent or attorney regarding … [Read more...]

The Escrow Process – Part 1

Congratulations! You’ve negotiated an agreed upon sales price on a perfect piece of Big Bear real estate. So now what happens? It’s time to open escrow. Very simply defined, an escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of a particular condition or event. In California, escrow companies are regulated by the Department of Corporations or the Department of Real Estate and must undergo constant scrutiny. They are required to hold funds in … [Read more...]

Big Bear Real Estate – From “For Sale” to “SOLD”

When it comes to selling Big Bear real estate you have to understand the marketing process to reach the ultimate goal of a closed escrow. Here are a few crucial tips for selling your Big Bear home in today’s challenging market. Choose the right agent Choosing an experienced agent to help guide you is the most important step in the marketing and sales process. Unfortunately, there are dozens of agents that claim to be Big Bear real estate “Experts”. Working with an unqualified agent can cost you time and money. … [Read more...]

Five Questions First Time Buyers Ask

Big Bear is mainly a second home market, so I don’t often get the opportunity to work with first time buyers. This makes my job easier in many ways as I usually don’t have to explain every step of the process and what it entails. Lately, however, I have found myself working with some clients who are first time buyers and I have been answering many questions I take for granted folks already know. For a first time buyer the process can be intimidating and a little overwhelming. I thought I would take this … [Read more...]