[viddler id=9775a0e6&w=545&h=349] Everyone knows it is tough to sell a home in this market. It is not impossible though. While there are some things you cannot control, like location, there are certainly some other things that you can. The asking price, the overall property condition, showing restrictions and the like are all things well within a seller's choice to make. Whether they decide to make the right choice is up to them. The two most important factors in getting a home sold in today's market … [Read more...]
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The Big Bear MLS – Is Your Property In It?
January 20, 2009 by 1 Comment
The vast majority of properties sold in Big Bear are sold by real estate agents who live, work, and breath in Big Bear. Yet, some sellers (read:banks) list their properties with out of area agents who don't have much experience selling property in Big Bear. It is kind of like a knee doctor working on your elbow. Can they do it? Sure, but are they really the expert? What's worse is these real estate agents rarely put the listing in the local Big Bear MLS (Multiple Listing Service). How are the local agents … [Read more...]
How Not To Reduce The Price Of Your Big Bear Home
January 17, 2009 by 2 Comments
Price reductions are commonplace in today's real estate market. Many days, they actually outnumber the number of closed sales & new pending sales. Price reductions happen because the seller or real estate agent overestimated the market value of the property in the beginning and the buyers reject it. Dropping the price is not necessarily a bad thing, it happens. But, the key reason to drop the price is to spark some interest, generate some activity, and hopefully, an offer. Many times though the seller only … [Read more...]
Getting Pre-Approved For The Loan, Not As Boring As It Sounds
January 16, 2009 by Leave a Comment
It goes with out saying that the getting a loan could be the biggest factor in determining whether or not a buyer is able to successfully close on a property. Along with a home or property inspection, I would say that 80% or more of the challenges that come up in buying a home in Big Bear fall into these two areas. Paying cash? Great, but you are one of the very few these days. With tighter lender standards in this market, especially in the jumbo loan category (over $417,000 for my area), getting your loan in … [Read more...]
Big Bear Home Sales – December 2008
January 3, 2009 by Leave a Comment
Home sales in Big Bear for December 2008 (41 total) dropped 26% as compared to December 2007, and fell 18% from the November 2008 home sales number of 50. Typically, November & December are the best two months of the year for closings/sales, but this year they ranked 5th & 3rd respectively as the slowest months for sales in 2008. The median price for the homes sold was $262,000, up 9% from Nov. 2008, but down 5% from Dec. 2007. With such a limited amount of sales, any slight variation can throw these … [Read more...]
Even Andy Rooney Knows How to Sell A Home In Big Bear
December 13, 2008 by Leave a Comment
Selling a home in Big Bear should be easy, at least according to Andy Rooney. I remember seeing this video last year and laughing when he reviewed all the self help books he has received over the years. When he gets to the "Tips on selling a House" book, around the 1:10 part of the video, he gives his simple, yet very true, advice, "you don't need 1001 tips on how to sell your home, just lower your price and your home will sell." Seems simple and easy enough, right? Now I understand that not everyone can lower … [Read more...]
Big Bear Home Sales – November 2008
December 4, 2008 by Leave a Comment
Home sales in Big Bear for November 2008 (50 total) dropped 25% as compared to the same month last year, and fell 32% from the October 2008 home sales number of 73. This is a pretty big drop in sales activity, which is most likely a result of all the negative economic news over the past 60+ days. Typically, November & December are the best two months of the year for closings. The median price for the homes sold was $240,287, down 6% from Oct. 2008 and also down 15% from Nov. 2007. The median price has been … [Read more...]
Umm Good! Make Your Big Bear Home Search Dwellicious
November 29, 2008 by Leave a Comment
Searching for a property in Big Bear (or anywhere)? You might want to check out Dwellicious.com. Here's a quick 4-5 minute video describing their product. [youtube]https://www.youtube.com/watch?v=8wp5_005_Rk&eurl=https://dwellicious.com/&feature=player_embedded[/youtube] Just like delicious.com does to the overall web, Dwellicious is a social bookmarking site which allows the users to bookmark listings from the popular real estate sites in one tidy spot for future reference. Consumers have ability to … [Read more...]
Pricing Your Big Bear Home – Get Ahead Of The Buyer Train
November 18, 2008 by 5 Comments
One of the most common mistakes sellers make in this market is overpricing their home. It is human nature to think ours is better than the others. In real estate however, the numbers speak for themselves. The quote, "Liars figure, but figures never lie" seems appropriate. The biggest risk with overpricing a home now is that every month the home in on the market the price moves farther down, sometimes 1-2% (for Big Bear) per month. Many times sellers start out too high, and then reduce only to see that they are … [Read more...]
