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What Do Cash Buyers Know That Others Don’t?

Now is the time to buy! Here's a quick video I did on the cash sales in Big Bear along with two conclusions I came to. Direct link to the YouTube video. 1.  People with cash are moving to real estate as a good investment.  They are thinking prices are near the bottom and now is the time to buy. 2.  Just because you are paying cash, do not expect a huge discount off of the sales price.  In Big Bear, you can expect an average of 2% savings for paying with cash as compared to paying with a loan. As discussed in … [Read more...]

What is the Best Place to Search for Big Bear Real Estate?

https://www.youtube.com/watch?v=[youtube]https://www.youtube.com/watch?v=3wCEi3bG2s4[/youtube] Steve Hirschler Market Specialist, Inventory Expert, Big Bear Real Estate Agent Coldwell Banker Tyler Wood Group 42153 Big Bear Blvd. P.O. BOX 6820 Big Bear Lake, CA 92315 DRE#01703081 stevehirschler@gmail.com 909 866-3481 EXT. 217 CELL 909 725-5889 Fax 909 866-3531 … [Read more...]

2010 Big Bear Real Estate Market Breakdown

Click here to see embedded video. PDF of the presentation. … [Read more...]

When is the Best Time to Buy or Sell in Big Bear?

Click here to see embedded video. There are several ways to answer this question. From a seller's standpoint, the first four months of the year are the slowest for real estate sales in Big Bear.  But, there is also less competition on the market during these months, which means there are less homes for buyers to choose from.  It is always a good thing for sellers whenever you have less competition, even if these are fewer buyers  out there.  So, I'd say the best time to sell in Big Bear is going to be earlier in … [Read more...]

5 Options for Big Bear Sellers

Link to embedded video here. Seems like I go over this several times a week with potential sellers.  What are their options in this real estate market? Here are my answers - 1.  Sell it - easier said than done. This can be difficult to do if they bought it or refinanced it during the 2003 to 2008 range as many owe more than the market value. 2. Sit & wait it out - not the best choice in my opinion as I don't see any reason things will be better over the next couple year.  There number of properties … [Read more...]

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...]

Big Bear Foreclosure Numbers – October 2010

Foreclosure filings for Big Bear dropped in October 2010, down 17% when compared to September, a sizable chunk which continues the zig-zag movement of the Big Bear foreclosure market over the past year. Year over year, foreclosure filings were down 33% from the October 2009 numbers, the tenth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed … [Read more...]

Big Bear Foreclosure Numbers – September 2010

Foreclosure filings in Big Bear dropped in September 2010, down 3% when compared to August, thus again showing the zig-zag movement of the Big Bear foreclosure market. Year over year, foreclosure filings were down 11% from the September 2009 numbers, the ninth straight month that foreclosure filings were down year over year. Foreclosure filings are made up of three parts - Notices of Default (NOD), a recorded document that starts the foreclosure process, which is normally filed after homeowners fall behind in … [Read more...]