big bear: Big Bear Bank Owned Spotlight $150K and under - 03/12/10 02:29 PM
924 E. Country Club-LIST PRICE $141,700LAST MARKET SALE $246,000 5/16/06
Located in the eastern part of Big Bear City. Pretty clean but needs a cosmetic face lift. Detached two car garage is nice. Property is a little close to Big Bear Blvd. but street is pretty nice with lots of large pine trees. It would have a much quieter setting if it was located on the other side of the road. It is easy to get to and only about 10 minutes from the lake and ski resort.
609 Rose Hill-LIST PRICE $129,600LAST MARKET SALE N/A
Great setting on this A-frame … (0 comments)
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big bear: Big Bear Bank Owned Spotlight - 03/03/10 05:49 PM
By Joe Pecoraro
41572 Park LIST PRICE $295,580LAST MARKET SALE N/A Refinanced on 2/14/06 for $420,000
This is definitely one of the better bank owned properties on the market right now. The location is great, walking distance to the lake and right down the street from Snow Summit Ski Resort but far enough away that it is not affected by it's visitors. It is also walking distance to Meadow Park, Swim Beach and a fishing dock.
This home has a very large garage and lots of decking, front and back. The floor-plan is unique, I guess you would call it a … (0 comments)
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big bear: Top Three Bank Owned Deals In Big Bear 2/8/09 - 02/08/09 02:52 PM
-Joe Pecoraro
Since two of the last three bank owned deals I wrote about are currently in escrow,I figured it was a good time to pick three others to share. Just like last time, these cabins are all priced to sell. In today's market aggressive pricing is the name of the game, if it is not priced right it won't sell.
This weeks top Bank Owned Deals
42584 JUNIPER- For such a great street in the Fox Farm area, Juniper Drive is sure getting it's share of Bank Owned properties. We had a Juniper property on the last list as well. … (0 comments)
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big bear: Top Three Bank Owned Deals in Big Bear 1/18/09-1/24/08 - 01/19/09 11:30 AM
Looking for a good deal on a property in the mountains. Here are three that you should consider taking a look at. All three are bank owned and priced well. Whether you are trying to get close to the lake or looking for a little get away cabin in the woods, chances are there is a bank owned property out there for you. These three listings are all in different parts of Big Bear Valley but they all have one thing in common, aggressive pricing.
This weeks top Bank Owned Deals
42652 JUNIPER DRIVE-Located in one of Big Bear's nicest areas, … (0 comments)
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big bear: Be First and Be Prepared - 01/09/09 05:00 PM
If you are one of the many buyers waiting for a good deal on a bank owned property in Big Bear, you probably know by now that you have to be quick with your offer to have a chance.Many times a property will get multiple offers the first couple days on the market. If you think it is a deal, so do 100 other buyers waiting for such a opportunity. So what can youdo to give yourself a better chance? Be prepared and know what the banks are requiring these days before they even look at your offer.
Most buyers and … (0 comments)
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big bear: Big Bear Bank Owned Properties close to Ski Resorts - 12/01/08 02:05 PM
Winter is here or at least the rumor is it is coming. The resorts haven't opened quite yet (as of Dec 1st.) but it shouldn't be long before our town is full of skiers and snowboarders ready to conquer the hills. Along with the daredevils come the people who just want to get out of the city and relax in the mountains to the cold weather and change of seasons.
Being close to Big Bear Mountain Resorts is a bonus for homeowners in Big Bear. Where else in Southern California can you enjoy a lake in the summer and two … (0 comments)
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big bear: Five Great Bank Owned Properties In Big Bear - 10/04/08 12:59 PM
By Joe Pecoraro
Looking for a nice property at a great price? Here are five Bank Owned Properties in Big Bear that you will definitely want to take a look at. All five of these properties stand apart form other listings currently on the market for a variety of reasons. It is a combination of price, neighborhood and potential that make these my top five Bank Owned Properties in Big Bear.
So in no particular order here we go....
574 Pinewood- This centrally located sierra style cabin sits on a 8200 Sq. Ft. flat lot in a nice part of Big Bear … (0 comments)
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big bear: Big Bear Bank Owned Properties; Newer Construction - 07/03/08 07:05 PM
Many of the foreclosed properties in Big Bear are older, run down cabins that need a lot of work. Being a a second home community, buyers usually don't want to purchase a property they need to spend all their free time fixing up. Lucky for them there are some newer (even brand new) Bank Owned Properties currently on the market. Some of these homes were built by speculators that missed the "hot" market, others are re-sales that had previous owners lose them to the bank.
The advantage to these properties is the energy efficiency level (windows,insulation and heating units), plumbing … (0 comments)
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big bear: Big Bear Bank Owned Properties (REO's) Listed Over 25% Lower Than Last Sale. - 06/10/08 01:31 PM
Bank Owned Properties in Big Bear seem to be just in two different groups. Some seem to be priced to sell, and others aren't. A good way to judge the listing price of the property is to look at the last sales price and date.
If you can purchase the property at a substantial percentage below the previous sale, for the most part you should be getting a fair price. Now of course as with all real estate, each property needs to be scrutinized individually. But as a general rule of thumb, a property priced 25% or more below it's 2006 … (0 comments)
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big bear: Back up offers. In this market? - 04/29/08 01:27 PM
Originally posted on the Big Bear Real Estate Blog.
Accepted offer doesn't mean Sold House
In today's Real Estate Market nothing is certain. Opening an escrow is just the beginning of the fun. Escrows seem to be "falling out" almost as fast as they are opening up.
Will the property appraise? Is the loan program a buyer qualified for last month still available? Is the buyer serious and ready to purchase a property or were they just "fishing" to see how low they could get a seller down in their price?
While these are just a few of the issues we are dealing … (1 comments)
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big bear: Myths About Big Bear REOs - 03/14/08 04:38 PM
Originally Posted on the Big Bear REO Blog.
With all the foreclosures happening around the country, REOs have become the hot topic of real estate conversations.
Listing agents want to know how they can get them in their inventory, buyers want to find one to buy for cents on the dollar, and neighbors are complaining about how they are bring down the prices on their street.
There is even talk that REOs can solve the JFK assassination or prove global warming. So what's with all this REO talk? Are they really all they are cracked up to be? Lets take a look … (2 comments)
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big bear: Big Bear Lakefront REO property turns into great buy . - 01/12/08 01:40 PM
Originally posted on the Big Bear REO Blog.
Everyone is hearing about how great of a deal a bank owned property can be. There is a misconception that these REOs are all run down, neglected properties. Well this isn't always the case. In fact sometimes a great property is foreclosed on and becomes available as a bank owned.
This lakefront property in Big Bear Lake is one of those unique properties. This home went into foreclosure and came on the market as an REO during the summer of 2007. The bank first priced the property at $1.825 Million which was close to … (2 comments)
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big bear: Big Bear Foreclosed properties and the broken "TDS Disclosure chain" - 01/10/08 06:00 PM
Originally posted on the Big Bear REO Blog.
During a Real Estate transaction buyers are bombarded with Disclosure after Disclosure to read and sign. While all the Disclosures are imprortant for different reasons, some seem unnecessary to buyers. Often times buyers even question why something so obvious has to be put down on paper. Obviously most of the forms are to protect the parties of the transaction and none more so than the three page Transfer Disclosure Statement, commonly referred to as the TDS.
Agent Section of TDS
California law requires a TDS to be part of all transactions involving 1-4 residential units. Although the … (2 comments)
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big bear: Exploring Big Bear Lake: Big Bear Lake West - 01/07/08 01:58 PM
Originally posted on the Big Bear REO Blog.
On the far west side of Big Bear Valley is an area commonly referred to in the Real Estate Market as Big Bear Lake West. This area of Big Bear begins at the dam and continues along the south side of Big Bear Lake along Big Bear Boulevard for approximately two miles. Big Bear Boulevard (or Highway 18) is only two lanes wide thru out Big Bear Lake West with lots of curves and lake views. Big Bear Lake West is heavily treed with huge pines and full of beautiful boulders and manzinita … (0 comments)
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big bear: Big Bear Reo Market Update (12/18/07-1/2/08) - 01/02/08 06:32 PM
Originally posted on the Big Bear REO Blog.
***In an effort to keep you all up to date on Big Bear Bank owned properties, we will be giving you updates approx. every two weeks.****
Since our last update on 12-17-07 there has been a lot of action in the Big Bear Banked Owned Properties. The fact that these REO properties are becoming a larger and larger part of the local Big Bear Real Estate Market can no longer be denied.
New REO Listings
We have seven new REO properties come on the market since December 17th. There are now 24 available REO listings on the … (0 comments)
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big bear: Things to consider when buying a Big Bear property to use as a Vacation Rental. - 12/29/07 04:44 PM
Many people dream about buying a cabin in Big Bear and using it as a vacation rental property. They can rent out their second home in Big Bear (which is vacant most of the time anyways) and still enjoy it themselves when they want. Who wouldn't want someone to help pay their mortgage with rental income? There are definitely some things to keep in mind when deciding to buy a Big Bear cabin and put it on a vacation rental program.
First and foremost you want to make sure you are up to date on any Big Bear Lake Rules and … (0 comments)
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big bear: Market is Heating Up For Bank Owned Real Estate in Big Bear Lake - 12/29/07 04:41 PM
Originally posted on the Big Bear REO Blog.
***In an effort to keep you all up to date on Big Bear Bank owned properties, we will be giving you updates approx. every two weeks.****
During the past two weeks we have seen two bank owned properties in Big Bear go into Escrow. We featured one of the properties on this blog back on December 10th. Do you remember the Property that was listed 30% below the previous sale? Well a smart buyer saw the value and made a successful offer on the property. It is now in Escrow and we will keep you … (0 comments)
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big bear: Emotionless Sellers Are A Great Reason to buy a Bank Owned Property in Big Bear Lake. - 12/29/07 04:40 PM
Originally posted on the Big Bear REO Blog.
Anybody who has purchased a home knows how stressful it can be and how much more stressful when the other party in the transaction seems to be fighting the sale as much as pushing for it.
There can be many elements of a real estate deal that upset the seller. Low ball offers and multiple counter offers are two of them. It can even turn into an "Us vs.Them" competition with the sellers letting their emotions and ego's cloud their judgement.
What if you could take all the emotion away from the seller? Would … (0 comments)
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big bear: Big Bear Bank Error Saves You $37,500! - 12/29/07 04:37 PM
Originally posted on the Big Bear Reo Blog
Everyone has played Monopoly, right? Remember when you got a card stating the bank had made a mistake and you received money you otherwise wouldn't have? Well this bank owned property is like a Community Card in real life....
Listing Price= $537,500
Previous Purchase Price= $639,000
Previous Purchase Date= 9-28-06
This property was foreclosed on after being on the market for six months.
The previous distressed owner did the right thing and tried to limit his losses by listing the home and asking his Lender for a "short-sale". Now, by definition a "short-sale" is a transaction … (0 comments)
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big bear: Bank Owned in Big Bear and Listed 30% below Previous Sale! - 12/29/07 04:34 PM
Why are REO's attractive to buyers? Where else can you find seller's willing to list their property over 30% below what they paid less than two years ago? This cabin, close to the National Forest and the Ski Slopes is priced at exactly that.
Listing Price $361,900
Previous Purchase Price $519,000
Previous Purchase Date 1-17-06
This property is in the Big Bear Lake Central area of the Big Bear Valley. It has a very nice setting close to the National Forest and only a few roads away from Snow Summit Ski Resort. This is a very good example of someone that bought a property they … (0 comments)
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