Big Bear Home Sales Home sales in Big Bear took a hit in May 2009, falling nearly 14% from May 2008 numbers - 65 in May 2008 vs. 56 in May 2009. This is the first month in 2009 where the monthly home sales were less than the same month last year. A sign of things to come? Compared to the April 2009 home sales, they were down just about 8% (61 vs. 56). Year to date, sales are are still up about 23% from 2008, but that number is rapidly decreasing (231 vs. 285). Keep in mind, sales in 2009 were close to 50% … [Read more...]
Did The Listing Expire On Your Big Bear Home?
June 2, 2009 by Leave a Comment
It's a tough market for sellers. If you are one of the home owners that has been on the market for over 6 months and your listing has expired (at least once), you are probably frustrated with the situation. You're probably wondering why your agent doesn't hold an open house. You might be asking about the photos on the property fliers and wondering if a better photo would have brought a buyer. You may be considering offering an additional commission to the first agent that can sell your overpriced home. You might … [Read more...]
Big Bear Real Estate Monday Market Update For 6/1/2009
June 1, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 6/1/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 910 +1 164 +4 276 +16 VACANT LAND 376 +4 13 +1 12 0 CONDOS 61 +4 3 -3 10 +2 GOVERNMENT LEASE 15 +1 1 0 0 0 COMMERCIAL & RES INVESTMENT 61 0 3 0 8 0 BUSINESS OPPORTUNITY 13 -1 0 0 1 0 TOTAL 1436 +9 184 +2 307 +18 These are the quick stats for the week - 30 new residential … [Read more...]
What you Think your Home is Worth is Important, but not a Factor in Properly Pricing Your Home.
May 29, 2009 by Leave a Comment
The price is set by the market. Using any other method to price your home will create failure. The price of active listings in your neighborhood may not be an indication of property values. Recent closed sales are the best comparable information to use for determining list price. I know that you may need a certain amount of proceeds from the sale. Your debt on the property may exceed the value, but neither of these scenarios will cause a buyer to pay over market price for your home. The best way to find out what … [Read more...]
Secrets to a Successful Big Bear Short Sale: Buying A Short Sale Home
May 28, 2009 by Leave a Comment
Fact: 1/3 of all Short Sales do not close escrow. There's either too many liens on a property, the bank won't accept the short sale, or the buyer backs out because they're tired of waiting on the bank to make a decision. Below are a few things I would recommend if you're considering making an offer on a short sale home to help make the process go as smoothly as possible from the buyers' side of the transaction: 1). Has the Short Sale been Approved by the Lender? If the bank has already accepted the price and … [Read more...]
What Do You Mean We Already Have An Offer?
May 27, 2009 by Leave a Comment
Yeap, that's exactly what some of our sellers are asking us after their property has only been on the market a few days or weeks. It is a fallacy that there are very few buyers looking to buy in Big Bear. The truth is there are very few buyers in Big Bear who want to overpay. Conversely, most of the homes listed for sale today are overpriced. So buyers will just sit and wait until the properly priced properties come up. The fact of the matter is that there are plenty of buyers looking to buy these days. But, … [Read more...]
Big Bear Real Estate Monday Market Update For 5/25/2009
May 25, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 5/25/2009. Happy Memorial Day to All! Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 909 +5 160 +4 260 +8 VACANT LAND 372 -3 12 0 12 0 CONDOS 57 0 6 0 8 +1 GOVERNMENT LEASE 14 0 1 0 0 0 COMMERCIAL & RES INVESTMENT 61 -1 3 +1 8 0 BUSINESS OPPORTUNITY 14 0 0 -1 1 +1 TOTAL 1427 +1 182 +4 289 +10 These are the quick stats for the … [Read more...]
What’s Best? Bank Owned, Short Sale, or Traditional Seller?
May 21, 2009 by Leave a Comment
Many buyer's in today's market think that the deal is more important than the house. They often get caught up in the misconception that bank owned or short sale properties are the only homes that they should look at. This would be a grave mistake. Even though it is true that the bank owned and short sale properties are driving the Big Bear Real Estate market, we are still selling many units that are listed by traditional sellers. What's best? It's best to select a home that fits your needs, is in a good location, … [Read more...]
Secrets to a Successful Big Bear Short Sale: The Application Process
May 20, 2009 by Leave a Comment
More and more short sales are getting approved in the Big Bear real estate market these days. Banks simply don't want to take a property back and by completing a short sale the banks save time, money, and they get the property off their books. As a seller, you avoid the stress of a lengthy foreclosure process and you can preserve your credit rating. What is a Short Sale? A short sale is a procedure in which the borrower is allowed to sell the property for an amount less than which is owed in order to avoid … [Read more...]
Big Bear Real Estate Monday Market Update For 5/18/2009
May 18, 2009 by Leave a Comment
Below is your weekly update for the Big Bear real estate market as of 5/18/2009. Property Type Listings for Sale Change from Last Week Pending Sales Change from Last Week Sales Year to Date Change from Last Week RESIDENTIAL 904 +6 156 +11 252 +11 VACANT LAND 375 +1 12 +2 12 +1 CONDOS 57 0 6 0 7 0 GOVERNMENT LEASE 14 +1 1 0 0 0 COMMERCIAL & RES INVESTMENT 62 -3 2 -1 8 +1 BUSINESS OPPORTUNITY 14 0 1 0 0 0 TOTAL 1426 +5 178 +12 279 +13 These are the quick stats for the week - 36 new residential … [Read more...]
