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Big Bear Lake, CA

Can the Listing Bank make you pre qualify with them, even if you are already Pre Qualified with another lender?

Tony Card, Your Big Bear REO Specialist: Real Estate Agent in Big Bear Lake, CA

Just recently, I wrote an offer on a bank owned property in the Big Bear valley for a client of mine. When I first me these clients, they were already pre-approved and ready to move forward once they found the home that they wanted. Well, it didn't take long for my clients to find the perfect cabin and we sat down to write an offer. One of the requirements from the bank that was offering the property for sale was that the potential buyer needed to be pre-qualified through the listing bank. My clients were not very happy with the idea of having to go through the pre-qualification process once again, especially as they were pre-approved for far more than they were looking to spend. Can the bank really require you to pre-qualify with them before they'll look at the offer? The answer is Yes!

I've been asked by a number of people if the banks can make you pre-qualify through their lender, even when you plan to use your lender of choice. The answer to this question is simply yes. Not only can the bank ask you to pre-qualify with their lenders, a lot of them won't look at your offer unless you are pre qualified with them. If you want to buy a bank owned home, you're going to learn very quickly that the bank is in the driver seat. If you want to buy a bank owned property, be prepared to jump through hoops that you may feel are a little odd.

Sold in Big Bear, Week Ending 6/27/2009

Steve Hirschler, Big Bear Real Estate: Real Estate Agent in Big Bear Lake, CA

Click here to see the details on these 14 homes.

  • 11 of these homes were traditional sellers "78.5%", with a price differential of 100% of list price and 174 days on the market
  • 1 of these homes were bank owned ".07%", with a price differential of 93% of list price and 17 days on the market
  • 2 of these homs were short sales "28%", with a price differential of 100% of list price and 176 days on the market.

    I can show you any home for sale in Big Bear.

    Search the Big Bear MLS (Multiple Listing Service)

    Search the Southern California MLS (Multiple Listing Service)

    Steve Hirschler

    Associate, The Tim Wood Group

    Coldwell Banker Mountain Gallery

    42153 Big Bear Blvd.

    P.O. BOX 6820

    Big Bear Lake, CA 92315

    stevehirschler@gmail.com

    909 866-3481 EXT. 217 CELL 909 725-5889

    Fax 909 866-3531

    http://www.stevesellsbigbear.com

    Follow me on Twitter

    Subscribe to "Ask an Expert, Big Bear Real Estate Blog"
    Previously Posted on "Ask An Expert, Big Bear Real Estate"

  • 8 New Bank Owned REO Homes in Big Bear, 6 /27/2009

    Steve Hirschler, Big Bear Real Estate: Real Estate Agent in Big Bear Lake, CA

    As of this morning, we have 42 bank owned homes (REO's) on the market, that's only 4.59% of the 915 active listings. Please call or email if you want to purchase a bank owned home in Big Bear,

    I will get you the best deal.

    I can show you any home for sale in Big Bear.

    Search the Big Bear MLS (Multiple Listing Service)

    Search the Southern California MLS (Multiple Listing Service)

    Steve Hirschler

    Associate, The Tim Wood Group

    Coldwell Banker Mountain Gallery

    42153 Big Bear Blvd.

    P.O. BOX 6820

    Big Bear Lake, CA 92315

    stevehirschler@gmail.com

    909 866-3481 EXT. 217 CELL 909 725-5889

    Fax 909 866-3531

    http://www.stevesellsbigbear.com

    Follow me on Twitter

    Subscribe to "Ask an Expert, Big Bear Real Estate Blog"
    Previously posted on "Ask An Expert, Big Bear Real Estate"

    2096 Cedar, Big Bear City, CA 92314

    Tony Card, Your Big Bear REO Specialist: Real Estate Agent in Big Bear Lake, CA

    JUST LISTED for $149,000.00

    2096 Cedar Lane is cute 3 bedroom, 2 bathroom home located on a 8,000 square foot street to street lot. With the large lot, there is no problem with parking. Bring your boat or RV and you will have no trouble finding parking.

    The entire 1400 square foot home has quality wood flooring throughout. The only exceptions are the bedrooms. The bedrooms have been carpeted with a top quality carpet.

    For more information on this home or any of my other listings, please email me at tony@tonycard.com or call me at 909 436 8043

    Sold in Big Bear, Week Ending 6/13/2009

    Steve Hirschler, Big Bear Real Estate: Real Estate Agent in Big Bear Lake, CA

    Click here to see the details on these 4 homes.

  • All 4 of these homes were bank owned "100%"
  • Price differential List/Sell was 98.87%!
  • Average days on the market only 53!

    I can show you any home for sale in Big Bear.

    Search the Big Bear MLS (Multiple Listing Service)

    Search the Southern California MLS (Multiple Listing Service)

    Steve Hirschler

    Associate, The Tim Wood Group

    Coldwell Banker Mountain Gallery

    42153 Big Bear Blvd.

    P.O. BOX 6820

    Big Bear Lake, CA 92315

    stevehirschler@gmail.com

    909 866-3481 EXT. 217 CELL 909 725-5889

    Fax 909 866-3531

    http://www.stevesellsbigbear.com

    Follow me on Twitter

    Subscribe to "Ask an Expert, Big Bear Real Estate Blog"
    Previously Posted on "Ask An Expert, Big Bear Real Estate"