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Many consumers are unclear with some of the terms in today's Real Estate market. "REO" (Real estate owned) is property that the bank acquires through foreclosure. The bank has already had an auction on the property and did not find a buyer. Currently REO properties are abundant in most California markets. These homes are often priced well and represent some of the best values.
REO's are far easier transactions than short sale properties. REO escrows are often completed in 30 days or less. One problem the banks are having with properties in the Big Bear area is our member only MLS (Multiple Listing Service) access. Many local Realtors (4 comments)
Sold year to date in Baldwin Lake, Big Bear City, Big Bear Lake Central, Big Bear Lake East, Big Bear Lake West, Erwin Lake, Fawnskin, Fox Farm, Lake Williams, Moonridge, Sugarloaf, and Whispering Forest. QUICK FACTS Closed residential sales in 2008 for Big Bear Valley. 210 sold YTD as of 5/27/2008. Average list to sold price is 95%. Average days on the market 140. There are 105 pending (in escrow) and 1188 active listings. The top 3 highest price sales YTD have had representation by Coldwell Banker Mountain Gallery Realtors / The Tim Wood Group. Steve Hirschler Associate, The Tim Wood (0 comments)
What is a short sale? - 05/24/08 11:05 AM
A simple description of a short sale is a home that is on the market for less than the debt owed to the lender. The seller is hoping that the bank(s) will accept less than the note(s) and allow the seller to be forgiven the difference between the note and the sales price. When the seller accepts a short sale offer, the sale is contingent on the approval of the bank that holds the note. At this point the home should show a pending status in the MLS since it has an accepted offer. The bank doesn't own the home, they approve the sale and accept (4 comments)
Big Bear Lake is near full and a great place to visit and get out of the summer heat. We have cabins in Big Bear starting under $200,000. I can show you any home in Big Bear regardless of the listing agents. For a free search of the Big Bear MLS listings with no obligation, just click here Big Bear MLS search Steve Hirschler Associate, The Tim Wood Group Coldwell Banker Mountain Gallery 42153 Big Bear Blvd. P.O. BOX 6820 Big Bear Lake, CA 92315 email@example.com 909 866-3481 EXT. 217 CELL 909 725-5889 Fax 909 866-3531 http://www.stevesellsbigbear.com
In April Big Bear's Moonridge area was the highest price per square foot sold in all of San Bernardino County and Big Bear Lake is in the second slot. Big Bear's beautiful lake and pleasant weather continue to draw visitors consistently through the summer months. If you know anyone that is looking to buy or sell Real Estate in the Big Bear area, please give me a call. Regards, Steve Hirschler Associate, The Tim Wood Group Coldwell Banker Mountain Gallery 42153 Big Bear Blvd. P.O. BOX 6820 Big Bear Lake, CA 92315 firstname.lastname@example.org 909 866-3481 EXT. 217 CELL 909 (0 comments)
This is the latest information for deed recording activity in the Big Bear area. As you can see, the number of recordings is still well below the 10year average. Year to date we are 37% below 2007 recordings and 58% below 2006. While we have seen a slight increase in April over January Februray and March 2008 numbers, we still can't say that the market has improved. Traditionally April is busier than the first three months of the year, so a slight increase in transactions is to be expected. According to the Big Bear MLS 50 of the 65 deed recordings were residential, and 6 were vacant (0 comments)
OUTSTANDING SKI SLOPE AND LAKE VIEWS, NEW ROOF, OVER SIZED 2 CAR DETACHED GARAGE, 4 OFF STREET PARKING SPOTS, FRESH PAINT ON EXTERIOR AND DECKS, FULLY FURNISHED AS SHOWN INCLUDING POOL TABLE, 4 LARGE BEDROOMS WITH VALTED CEILINGS,STORAGE AREA UNDER HOUSE W/ WORKSHOP & ATTIC ABOVE GARAGE, GREAT MOONRIDGE LOCATION. WATCH THE SKIER'S FROM THE LIVING ROOM OR DECK. SECLUDED BACK DECK Regards, Steve Hirschler Associate, The Tim Wood Group Coldwell Banker Mountain Gallery 42153 Big Bear Blvd. P.O. BOX 6820 Big Bear Lake, CA 92315 email@example.com 909 866-3481 EXT. 217 CELL 909 725-5889 Fax 909 866-3531 http://www.stevesellsbigbear.com (2 comments)
Spin the bottle. - 05/11/08 06:43 PM
It seems sellers want to use every type of method to price their home except the market conditions. You might as well sit down and play spin the bottle.
The other players at the table are: I owe this much. (Check out my new car and boat) I want this much. ( I think you can sell a Yugo for $50,000 if you run an ad on the Superbowl) I need this much. (Buyers care how much I need) I don't really need to sell. ( I just want to waste your time and money) My brother is an agent (8 comments)
FLIP VIDEO / Big Bear Moonridge Minute(s), April 2008 SOLD - 05/11/08 04:21 PM
Moonridge Area of Big Bear Lake Market Minute(s). This video talks about what has sold during the month of April 2008 in Moonridge. Look for another Moonridge Minute(s) in early June covering the month of May. If you want more information or would like to discuss the Big Bear Real Estate market, please give me a call.
Regards, Steve Hirschler Associate, The Tim Wood Group Coldwell Banker Mountain Gallery 42153 Big Bear Blvd. P.O. BOX 6820 Big Bear Lake, CA 92315 firstname.lastname@example.org 909 866-3481 EXT. 217 CELL 909 725-5889 Fax 909 866-3531 http://www.stevesellsbigbear.com/ (0 comments)
Bring your checkbook. - 05/11/08 10:50 AM
If you are shopping for a mountain home here in Big Bear, bring your checkbook. There are houses that sell in the first 2 weeks on the market, and then there are homes that reach the correct price and suddenly become the best deal. Either way, the ability to recognize these deals comes from inventory knowledge. Buyer's in this market will need an agent that is up to date on the ever changing Big Bear Real Estate inventory. If you are a seller in this market, get ready to play hard ball.
42220 Evergreen, Big Bear Lake,CA listed at $650,000 (2 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.