Big Bear Lake, CA

Sold In Big Bear, Week Ending 5/16/2009

Click Here for the details on these 7 homes.

Click here for property details on these 9 homes.

These are the 3 new bank owned homes that came on the market this week in Big Bear. Listing Courtesy of Woodstock Real Estate

This home last sold for $219,900 in June of 2003! It is located in Big Bear City, just off of North Shore Drive, HWY18. This is a nice home that has a 5000 sq ft lot. Nice Gambrel style home with large bedrooms. Over sized 1 car garage with unfinished room above. Room for a boat or Rv Parking. Covered deck.

Listing Courtesy of PREMIER PROPERTIES SOTHEBY'S INT'L

Last sold for $340,000 in December 2004! Beautiful Home with vaulted ceilings and 2 x 6 construction. Riverrock fireplace and built in entertainment center. Large master suite with walk in closet and double sinks in master bath. Open kitchen with custom cabinets. Laundry room with sink. Redwood decking, and over sized insulated garage, and fenced yard.

Listing Courtesy of KELLER WILLIAMS BIG BEAR LAKE ARROWHEAD

Last sold for $229,000 in October 2006! Corner lot, Gambrel construction, rock fireplace, and storage shed. Seller is offering 3% paid points toward permanent rate buy down with Prospect Bank.

As of this morning, we have 47 bank owned homes (REO's) on the market, that's only 5.2% of the 897 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

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Previously Posted on "Ask An Expert, Big Bear Real Estate"

Remember, all Real Estate is local. Listening to the national news reports on the Real Estate market and applying that information to local Real Estate is a sure way to be misinformed. Contact a Realtor that lives and works in the area that you are interested in.

Don't pack up your Orange County or San Diego Real Estate agent and drag him or her to Big Bear to show you homes that they can't find with a GPS.

Find a local agent that knows current local market conditions and the statistics thereof.

I am a local Realtor in Big Bear. I have lived in the community since 1990. You won't see me representing anyone in a Real Estate transaction anywhere other than Big Bear. I have sold over 35 million dollars in local Big Bear Real Estate since 2005, and I have a long list of satisfied clients.

Call me if you would like to investigate Real Estate opportunities in Big Bear Lake, Big Bear City, Moonridge, Fawnskin, Fox Farm, Castle Glen, Meadowbrook, Whispering Forest, Sugarloaf, Baldwin Lake, Lake Williams, or Erwin Lake.

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

While previewing property in Big Bear today and looked at some really good listings as well as some that I thought were overpriced. Some of these well priced listings were homes being sold as short sales. Whenever I see a home being sold as a short sale, I start to wonder if this is a property that can be sold as a short sale. You see, many agents in Big Bear take these listings without ever checking to see if the home qualifies for the short sale. When they speak to the home owner, they tell them what the house is worth. When they find out that the person owes more than the current market value; they automatically suggest a short sale. There are others who decide that because they now owe more on the home than it's worth, they will simply short sale it and get rid of it. It's not quite that simple!

What does it take to qualify a home for a short sale?

The first thing piece of the short sale puzzle is that the property owner must be in a financial hardship if he keeps the property. The property owner will be asked to document in writing what the hardship is. The next piece of the puzzle is the banks willingness to work with the home owner on a short sale. A call needs to be made to your lenders loss mitigation dept. to see what options are available for you. Lenders have different trigger points that they must explore before selling the property short or foreclosing on it. Once the decision is made that you are going to sell the home as a short sale, you will need to gather some financial documentation that is going to be required. For example, the bank will normally ask for two years of tax statements, you're last two months bank statements, two months of paystubs, your financial statement and our hardship letter.

Picking your Realtor to sell your Short Sale.

Once you have the bank's blessing to sell the property short and you have all of your documentation in place, the next step is to find a qualified Realtor who is experienced in Short Sales. You want to find a Realtor who is experienced in listing and selling short sale homes. The last thing you want is a Realtor with no experience in short sales. When you interview your Realtor, don't be afraid to ask them how many Short Sales they have closed. The Realtor should be asking you questions about your hardship, contacts with the bank, and they should be asking about how many loans you have against the property. If they are not asking questions like this, then be careful about hiring him as your Realtor. Once you have chosen your Realtor, let him do his job. He is going to list the property for what it's worth and not what you owe. The value that your Realtor is going to put on the property is a value that he can substantiate with comparable sales. There may be a large difference between what you owe and what the Realtor is suggesting that you sell for. Again, listen to him and follow his advice.

I'm a Realtor who specializes in Short Sales and Bank Owned properties in the Big Bear Valley in Southern California. If you are interested in buying a Short Sale, or need to sell a cabin the Big Bear Valley, please let me know. I am happy to answer any of your questions and help you in any way that I can