| |
reos: Have Your Ducks in a Row - 01/03/11 05:29 PM
Believe it or not, the real estate market in Big Bear is very competitive at this time. Like every market, there are good deals and there are bad deals. If you are in the majority of buyers who are looking for a great deal, you need to have all your ducks in a row before you will have any chance of success. If you take the time to make sure you have everything in order you will have an excellent chance of beating out anybody else who has not done the same.
•1. Make sure you are preapproved before you … (1 comments)
|
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)
|
reos: Bank Owned Texas Hold Em - 11/03/08 12:08 PM
Originally Posted At www.bigbearilluminated.com
Lately I have been writing up ton's of bank owned properties. Good news, right? Well, it is and it isn't. I am grateful to be busy and have clients who want to buy property. The problem is, there always seem to be other agents with other clients who like the same properties we do. The last five times that I have written up an REO, there have been multiple offers. As you know, banks don't typically make counter offers in a multiple offer situation. They send out a little addendum which basically says " Make your … (0 comments)
|
reos: Price It Right - 10/16/08 01:52 PM
This week I had an interesting experience when trying to list a home in Big Bear Lake. As you most likely know, their are two types of listing agents. Those who are honest up front and give the client an honest assessment of what their home is worth, and the less ethical among us who will tell the client whatever they want to hear and will take the listing at any price, with the intention of beating them up on the price at a later date. This happened to me this week.
I received a call from a woman who had … (0 comments)
|
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)
|
reos: Crazy Market - 09/22/08 03:50 PM
Originally Posted At www.bigbearilluminated.com
What a crazy market we are in these days. Gone are the days of conventional loans on traditional listings. Gone are the days of your only worry being if you made your offer high enough to get the property. Or if you priced your listing high enough to get maximum value without scaring everyone away. No, my friends, we are in a new era of doing business in our career of choice. Let me give you some examples.
During the month of September, I have closed five escrows, put two homes into escrow and taken one listing. … (2 comments)
|
reos: Banks Making No Sense - 09/07/08 11:56 AM
I have some clients who are looking for a little vacation place up here in Big Bear. They have done the math and decided that they can go up to $110,000 and not a penny higher. They are set on this number and will not, for any reason, go above it. As you can imagine, there are not a great many homes in this price range to choose from. Very slim pick-ens.
After a few appointments, we found a little place that they really like. It's a bank owned property on the outskirts of town. It is located in an area … (1 comments)
|
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)
|
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)
|
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)
|
reos: Big Bear Bank Owned Property. Be Realistic. - 04/28/08 12:27 PM
Originally Posted At http://www.bigbearilluminated.com/
Bank owned properties are all the rage for buyers these days. Every other client I deal with is after the deal of a lifetime and REO's seem like the solution. In many cases they are. The banks are pricing these properties to sell and a good buy is a sure bet. However, being too greedy can throw a wrench in the works. If a bank owned home is already listed at $100,000 under value, than it is a fantastic deal. In most cases, the bank is not going to go much lower.
If you are going to offer … (5 comments)
|
reos: Why You Should List With A Local Agent In Big Bear - 04/21/08 11:49 AM
With the increasing number of bank owned properties in Big Bear Lake, Ca, we have seen more and more out of area agents trying to sell homes in our market. This is a bad idea all the way around. Let me tell you why.
First, many out of area agents try to sell property in our area and are too cheap to join our board. This means that the property in question doesn't appear on our MLS and many local Realtors won't even know it is on the market. Without local agents being aware of the home, it might as well be … (0 comments)
|
reos: Big Bear REO Bank Owned Bargain - 04/15/08 10:49 AM
Originally posted at http://bigbearizzy.typepad.com/
This little beauty just came on the market a few days ago. For a bank owned property, it is in fantastic shape. Built in 2005,this is practically brand new. It is located in Erwin Lake and is 702 square feet on a 2,310 square foot lot. At only $116,900 this is a deal that is impossible to beat. As a matter of fact, this cabin sold for $175,000 two years ago.
At a price this low, this won't be around for long. If you would like more info on this or any other Big Bear properties, give me … (2 comments)
|
reos: Dealing With Family - 04/13/08 01:47 PM
Is may be just me, but it seem like dealing with family in a real estate transaction is one of the messiest situations to be involved with. Every time I have had to do it, somebody got their feelings hurt and an unpleasant scene has unfolded. A perfect example of this happened to me this week. I received an email from a woman who was interested in buying a little get-a-way in the mountains. I sent her all the best listings in her price range and we set an appointment to look at property. The day came and we went out. The … (10 comments)
|
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)
|
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)
|
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)
|
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)
|
reos: Big Bear Lake Short Sales - 03/10/08 02:19 PM
SHORT SALES IN BIG BEAR
These days it seems like interest in REO's (bank owned properties) has gone through the roof. Every other client I get wants to know everything they can about which bank owned properties are on the market and what kind of a deal they can get for them. When I tell them that the vast majority of them are selling very close to the listing price, they are skeptical. While it may be different in other cities, in Big Bear Lake, well priced REO's are flying off the shelves. If you aren't making a full price offer within … (5 comments)
|
reos: Big Bear Short Sale Blues - 03/06/08 01:33 PM
Dealing with Short Sales can be so frustrating. My clients made an offer around three months ago, on a short sale property here in Big Bear. We knew it was going to take the bank some time to accept or reject our offer, but three months? Then, when they finally gave us their acceptance, they demanded a three week escrow. I spoke with my clients and they agreed it could be done, if barely. Then, the next day, they send over the paperwork and they now want a two week escrow. Two weeks? How are we supposed to get in all … (4 comments)
|
|
|
|
|
|
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
Email Me
Anything and everything to do with Big Bear real estate.
 Listings
Links
Archives
|
;)
;)
;)
