Click here if you cannot see embedded video. As with any real estate transaction, the sale is only as strong as the communication between all parties involved. And with all of the moving parts involved with short sales - listing price, paperwork, following up with the bank, bank approval, tax implications, etc -problems are bound to come up. Good communication = a good chance of the short sale going through. Also, it is important for buyers to have a clear understanding of what they can expect in a short sale … [Read more...]
Bank’s Incompetency = Buyer’s Gain
November 2, 2008 by Leave a Comment
It is no wonder why so many banks are failing these days. They just do not seem to comprehend what is going on in the current real estate market. Here is a perfect example. This property just came on the market for sale in the Moonridge area of Big Bear. Listing price is $399,900, 3 bed, office, family room, & 2.5 baths. It needs roughly $15,000 to $25,000 in finishing details to complete it. The property is now bank owned. A little history on this property. I had it for sale from April to August of … [Read more...]
Big Bear Bank Owned Buyers – Be Ready!
October 20, 2008 by 1 Comment
Bank owned properties in Big Bear are continuing to come on the market for sale at a steady pace. Don't expect that to change anytime soon. In the month of September 2008, there were 41 properties that went back to the bank. And there have already been 10 so far this month. While a few of these properties are already on the market for sale, the majority of them are still "in the listing process" with the banks and should be on the market in the coming weeks/months. What do the banks do between the time they … [Read more...]
