5 Reasons to buy NOW in Big Bear Lake

Big Bear Lake is a "Baby Boomer Investor" market. Why?  Because the stock market is volatile and savvy baby boomer investors know that areas like Big Bear are an "island" amongst 38 Million people throughout Southern California.  Big Bear offers an Alpine setting, a lake that is open to the public for swimming, skiing, and fishing.  It also offers two ski resorts, and a wonderful Village with lovely shops, cinemas and eatery´s.  There is nothing like it in Southern California and unlike Mammoth &  Lake Tahoe, you can still build a home here....that is for now!  Keep in mind, we can only grow so much, without encroaching on the National Forest. 

Big Bear attracts investors, who are purchasing mountain homes, cabins and lakefront homes.  They rent it out with a vacation rental company, generate income and *"write off" the property as a business, and use it for their own use too, while it appreciates in value over the years.  Very simple and better than the stock market!  In addition, the retiring baby boomer is looking to retire in areas like Big Bear Lake. See 2^nd Home Investments here.

Did you know that real estate has outpaced the S&P 500 for the past 30 years by 5%?  That´s right! Real estate is an overall better investment than the stock market in the long term, and savvy baby boomer's know it!  That is why 75% of our buyers are investors, and are diversifying their portfolio with 2nd and 3rd home purchases, along with their stock market portfolio.  Suzy Orman says to buy now, so does Donald Trump!   Below are five points as why you should consider buying now;   

            Top 5 Reasons to Buy Now in Big Bear Lake
                                                                                     (As of January 2008)
1) Interest Rates  
The Interest Rate as of January 25, 2007, is now approximately 5.25%, 0 points, 30 year fixed.  This rate represents a 25 year low.

2)  Inventory  
Inventory in Big Bear Lake is about 1,250 Residential units.  We have 21,000 homes, that is less than 5% of inventory in Big Bear.   A great time to buy, and good inventory, but not overly saturated with homes as Palms Springs, San Diego, LA or other California areas.  Our foreclosures are at minimum levels too!

3) Sellers are Willing to Negotiate  
Sellers are realizing they must price the properties correctly, so homes are now, for the most part, a great value.

4)  Bottom of the Market 
No one can determine the "bottom of the market", but ALL indicators are saying 6 months to 8 months more, then the prices may begin to settle and begin to appreciate in Big Bear Lake and 2^nd home Specialty Areas.  This is the best time, in my 9 years in Big Bear real estate, that I have seen to buy a mountain home! 

5)  Baby Boomers
Baby Boomers will begin to retire next year 2008.  With that in mind, they are selling their large homes in Southern California and looking at a home in areas like Big Bear that offer what we offer.   Also, we are in proximity to Las Vegas, Palm Springs and most of all family.   Yet, far enough away, to enjoy their privacy, all located in a small town atmosphere.

If you are interested in more information and listings, contact me or search our Big Bear MLS and see the values for yourself.   My team and I are here to educate you, explain the market and prove to you the wonderful values that we offer in Big Bear Lake.  So, give a call today, Toll Free @ (888) 313-5518.  Thank you.

Bob Angilella

Big Bear´s Top Producing Independent Agent and Team
RE/MAX Big Bear´s Top Producing Team in 2006 & 2007

* Check with your personal CPA or Accountant for specifics.