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...]
Does Your Big Bear Property Stand Out Like A Purple Cow?
March 5, 2010 by Leave a Comment
If you want to sell, it should. Here are a couple thoughts I have to help it stand out. Can't see the embedded video? Click here. … [Read more...]
Big Bear Short Sales? Don’t Waste Your Time!
February 17, 2010 by Leave a Comment
If you don't see the embedded video, click here. If you are looking for a deal in Big Bear, focus on the homes that can be sold. In 2009, 80 short sale homes actually closed escrow. That is 9% of the 893 homes that closed in the Big Bear MLS. Currently there are 66 short sale listings that are in Pending, Active Contingent, or Contingent Status. That's 39% of the total Pending, Active Contingent, or Contingent Status (170). Anyone want to guess what percentage of these will actually get accepted by the bank … [Read more...]
When’s The Best Time To Sell A House In Big Bear?
January 24, 2010 by Leave a Comment
Click here if you cannot see embedded video. Guess it depends on how you look at it. The majority of home sales in Big Bear occur in the months between July and October, with the closings following 30-60 days after that. But, this is also when the market carries the largest amount of properties for sale. Another way to look at it - you have more buyers looking to buy but also more sellers looking to sell. Conversely, there are less buyers in the November to May time frame but also less sellers on the market … [Read more...]
Lack of Buyers?
January 9, 2010 by 2 Comments
Click here to see embedded video. Nope. There are actually plenty of buyers out there in this market. There are, however, very few willing to pay the over-inflated asking price of many sellers. The reality is there are very few realistic sellers on the market. We don't have a lack of buyers. Rather, we have a lack of realistically priced properties for buyers to choose from. Related Articles Should I Price It Firm Or Flexible? Actions Speak Louder Than Words In Real Estate The Right Asking Price Makes All … [Read more...]
Big Bear Bank Owned Homes – Assumptions Are Not Always True
November 7, 2009 by Leave a Comment
There are a lot of assumptions about buying bank owned properties in Big Bear. Here are a couple that I see a lot. 1. Banks or REO sellers will take a lot less than the list price. 2. The listing price for a bank owned property is going to be aggressive. Click here to see embedded video. The fact is bank owned homes in Big Bear are selling closer to the list price than organic sales, 97% vs. 95%. Many times, banks will price their properties so aggressive that they receive multiple offers that go over full … [Read more...]
Actions Speak Louder Than Words In Real Estate
August 4, 2009 by Leave a Comment
Click here to see the embedded video. I see a lot of sellers in Big Bear saying they are motivated to sell, yet they continue to ignore the market reality and overprice their home. "Seller motivated, bring all offers" is pretty commonplace in the agent comments of the Big Bear MLS or other real estate websites. But if you are truly motivated as a seller, you don't really have to say it. Your actions of pricing the property correctly, and doing all you can do to help the sale (curb appeal, staging, making it easy … [Read more...]
One Secret To Getting A Great Deal In Big Bear
July 24, 2009 by Leave a Comment
Focus your search for Big Bear properties that have been on the market for 6 months or more. Why? 1. More seller motivation. 2. Less buyer attention (your competition). 3. Probability of finding something undervalued is much better. Here are a few properties as examples. This property was listed on 1/19/2007 for $929,000. It had been in the market 908 days but is now in escrow. At 3300 sqft, it sold for comparable price to those 2200 to 2700 sqft homes in the Castle Glen area. This property was … [Read more...]
