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big bear reos: Be Prepared, Be Pre-Approved - 06/11/10 04:54 PM
I just wanted to take this opportunity to reiterate a point I have brought up time and time again. If you are planning on buying a home, bank owned or not, your first order of business is to get preapproved. If you do not take the time to complete this essential step, you are setting yourself up for failure. Why go to all the trouble of finding a property, writing it up and getting your offer accepted, only to have your hopes dashed before your eyes? I know I have addressed this before, several times, but I think it is … (1 comments)
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big bear reos: Lowballing An REO Property - 03/22/10 12:21 PM
Let's get one thing straight. In most instances, the days of being able to lowball a bank owned property are over. There, I said it and I mean it. You used to be able to attempt it a few years back when there was a glut of properties and no buyers. Things have changed. Inventory is down by 50% and sales are up by 35%. This means there are much fewer houses to choose from and a much larger number of buyers to compete for what is available.
I can't tell you how many times I have seen buyers lose … (2 comments)
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big bear reos: REO Urban Legends - 11/13/09 04:07 PM
It seems like everybody has a story about a cousin or brother in law or long lost Uncle who offered half of the asking price on a foreclosure and got it. It has almost reached urban legend status in this market. I have bad news for people that believe this story. There are no giant alligators in the sewer. If you say Bloody Mary three times in front of a mirror, she will not appear. Even more terrifying, there are no bank owned properties in Big Bear that you can buy for half of the list price.
As a matter … (26 comments)
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big bear reos: Big Bear Bank Owned Info - 02/09/09 12:22 PM
Originally Posted at www.bigbearilluminated.com
I just thought some folks would be interested in an update on what is going on with bank owned property in Big Bear Lake. Like every where else, Big Bear definitely has it's share of foreclosure woes and their impact on the market. But, not as bad as you might think. With some areas of San Bernardino County having as much as 50% of the listings being bank owned, we are not doing so bad at all. As a matter of fact, bank owned properties make up less than 10% of the listings in Big Bear. … (0 comments)
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big bear reos: Big Bear REO Information - 10/10/08 01:03 PM
Originally posted at www.bigbearilluminated.com
Lately, I have been answering alot of questions regarding REO properties and things buyers need to be aware of. As it happens, my colleague Tyler Wood has also been fielding the same questions. In order to answer them, we made a short video that goes over some important things to remember any time you purchase an REO property. Here is the link, I hope it is informative.
… (0 comments)
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big bear reos: Big Bear Bank Owned Beauty - 08/12/08 12:18 PM
Originally Posted At www.bigbearilluminated.com
I just put this bank owned beauty into escrow today. It is located in the prestigious Bear Loop neighborhood located on the north shore of Baker Pond. This home was built and sold in 2006 for a selling price of $869,000. It boasts 3,154 square feet of living space with a two car, stamped concrete driveway. It is situated on a 7,400 square foot lot. The views of the lake, airport, eagle preserve, and ski resorts are top notch. The house suffered water damage in early 2007 and then went into foreclosure. My client is a contractor … (0 comments)
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big bear reos: Big Bear Bank Owned Bargain - 07/12/08 12:28 PM
Originally Posted at www.bigbearilluminated.com
This bank owned home is in the highly desirable Fox Farm neighborhood in Big Bear Lake. If you are looking for alot of square footage for a small price, this is the home for you. It measures in at an impressive 3,204 square feet. It boasts 5 bedrooms, 3.5 baths, and a two car garage on a 7,314 square foot lot. This home was originally listed at $748,876 before it went into foreclosure. It is now priced at a very affordable $349,900. If you would like to see this home, or any other home, bank owned or … (1 comments)
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big bear reos: Big Bear Bank Owned Homes And Bad Agents - 05/19/08 02:48 PM
Originally Posted At www.bigbearilluminated.com
I just wanted to rant a little bit about something that happened to me this weekend, and since this is my blog and I can do as I please, here goes:) I was out showing bank owned Big Bear homes to a very nice couple on Saturday. Since they were walk-in's and already had a list of homes they wanted to see, I didn't have time to plan out our excursion. Given time, I can usually call ahead and be ready with all codes etc. There are many bank owned properties up here that are listed by off … (8 comments)
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big bear reos: Big Bear Bank Owned Home* UPDATE * - 05/03/08 11:17 AM
This bank owned home was just listed by Keller Williams a little bit ago. It is located in Big Bear City in a heavily treed lot, on a quiet street. At 1,310 square feet, this home has three bedrooms and 2.5 baths. The yard is a roomy 5,000 square feet and is fenced in the back. Overall, it is in good condition with only a little work needed to transform it into a perfect vacation cabin or full time home. This home last sold for $300,000 in 2005. It was upgraded with new paint and flooring before it went into … (1 comments)
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big bear reos: Unfinished Homes? Be Careful. - 05/01/08 03:10 PM
Originally Posted At: http://www.bigbearilluminated.com/
I just wanted to relate something that happened to me last week in the hopes that it can be helpful to somebody else. With the large inventory we have at the current time, it can be difficult to sell a home. Lately, we have been seeing an increase in homes that are in an unfinished state and available for purchase. This can happen for a variety of reasons, but usually because a builder extended himself too thin and didn't have the funds to complete the project. In many cases, the homes get foreclosed on and go onto the … (12 comments)
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big bear reos: Beautiful Big Bear Lake - 04/11/08 03:50 PM
It's a beautiful day up here in Big Bear Lake. The snow has finally just about melted away and it is getting warmer with every passing day. The marinas are open for business and boats are once again out and about on the open water. The time of year all residents love is here again. After a hectic winter season, it's really nice to have the town to ourselves and be able to relax and enjoy everything our little town has to offer. There are no lines to get into the movies and no waiting at our favorite restaurants. Even traveling … (0 comments)
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big bear reos: Big Bear Short Sale Info - 04/07/08 01:34 PM
Originally posted at http://bigbearizzy.typepad.com
With the large amount of home owners in financial difficulties these days, short sales are becoming more and more prevalent. Some really great prices on short sale properties have been coming on the market every day in Big Bear. While they can be a good buy, there are a few things you need to be aware of.
First, just because a Realtor lists a property as a " Short Sale " doesn't mean it really is. Some Realtors don't do the research and just list a home as a short sale because the seller tells them he is willing … (7 comments)
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big bear reos: Great Deal On Big Bear Real Estate! - 04/04/08 04:44 PM
I have been dealing quite a bit these days with buyers who have wanted a little mountain getaway for years and years and never thought they could afford it. With prices and low interest rates combining to make this an excellent time to buy, it is becoming evident that these dreams can easily become reality. This cabin is a perfect example.
My client is a police officer from Santa Clarita who likes to come to Big Bear to get away from the stress of his job. Big Bear always was a kind of sanctuary for him and he has wanted a … (2 comments)
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big bear reos: Big Bear Short Sale Tale - 04/03/08 02:40 PM
With the amount of short sale listings on the rise, I thought I would give you a rundown on the last one I sold and how it went. I received an upcall at 5:45 pm on a snowy evening in the beginning of January. It was a very nice, newly married couple who had recently sold a home, and bought another in Canyon Country. They had made a good profit off of the sale of their home and wanted to invest in a vacation home in Big Bear. They already had been looking online, and knowing the town, had an area … (11 comments)
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big bear reos: Izzy and Joe's Big Bear REO Adventure - 03/17/08 03:05 PM
Earlier today, my coworker Joe was looking at RealtyTrac and commented on the difference between the number of REO's listed on the site and the number actually listed on our MLS. Typically, it takes a little while for the homes to show up on the MLS after they are foreclosed on. We talked about it and decided it would be a good idea to get out and look at them before they came on the market. Sometimes a potential buyer will look at an REO site and contact us about a property that isn't on the market yet. In some instances, … (1 comments)
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Israel Barden
Big Bear Lake,
CA
More about me…
RE/MAX Big Bear Village
Address: P.O. Box 6820, 626 Pine Knot Ave, Big Bear Lake, CA, 92315
Office Phone: (909) 273-8980
Cell Phone: isrisrisra
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