Big Bear Bummers

Blog

bigbearbummers.com/

Profile

bigbearbummers.com/author/bigb

Homepage

bigbearbummers.wordpress.com

  • PRICE CUT VI: The $1,000 Question

    ***********PREVIOUS POSTS BELOW*********** This is utter devastation. They can only cut the price another $18,000 before their entire down payment vanishes. And after that they’ll probably just walk away rather than throw more good money after bad. After 254 days on market, it looks like that’s where we’re headed. ********PREVIOUS POSTS BELOW******** While I understand…

  • SOLD: Code Brown

    This long, sad saga is finally over. *********PREVIOUS POSTS BELOW********* Their down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000 to get out of this. How on earth have they not walked away yet? I realize it’s difficult for…

  • PRICE CUT III: Double Double

    These dorks have been listed since 2023 and just refuse to do what it takes to get rid of this place. A sale at this price will result in a hefty loss of $104,000. They would still get some of their down payment back, but that assumes this price is FINALLY attractive enough to nab…

  • Price Cut III: Seeing the Light (Saber)

    Good for the listing agent for convincing their client to get serious, but this means their $88,000 down payment is as good as gone. My advice to recent buyers is to do whatever it takes to hang on for a few more years – things will eventually normalize. The problem is that not everybody is…

  • SOLD: It’s a Moose-take

    They were smart to let it go rather than wasting time with chickenshit price cuts. But that must have hurt. ********PREVIOUS POST BELOW******** Address: 42415 Heavenly Valley Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/42415-Heavenly-Vly-Dr-92315/home/4114021 Beds/Baths: 3 bed, 3 bath, 2,200 squares Purchase Price (9/2023): $980,000 Asking Price: $999,000 Difference: +$19,000 Commission (3%): -$29,970 Total Loss: -$10,970…

  • Fancy Finishes Facilitate Fruitful Flip

    Address: 332 E Country Club Blvd,Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/332-E-Country-Club-Blvd-92314/home/3517229 Beds/Baths: 2 beds, 2 baths, 1,104 squares Purchase Price (4/2024): $408,000 Asking Price: $599,000 Difference: +$191,999 Commission (3%): -$18,000 Total Gain: +$173,999 Today we’re going to find out what it’s like for flippers in 2025. In April 2024 our seller plunked down $408,000 for a…

  • FORECLOSURE: Aurora Floorealis

    Called it! ******PREVIOUS POST BELOW****** Address: 491 Imperial Ave, Sugarloaf, CA 92386 Link: https://www.redfin.com/CA/Sugarloaf/491-Imperial-Ave-92386/home/3077202 Beds/Baths: 1 bed, 1 bath, 504 squares Purchase Price (2/2020): $140,000 Asking Price: $224,900 Difference: +$84,900 Commission (3%): -$6,747 Total Gain: +$78,153 These people are out of their freaking minds if they think they’re going to get 60 percent more than their 2020…

  • PRICE CUT V: The $1,000 Question

    This is utter devastation. They can only cut the price another $18,000 before their entire down payment vanishes. And after that they’ll probably just walk away rather than throw more good money after bad. After 254 days on market, it looks like that’s where we’re headed. ********PREVIOUS POSTS BELOW******** While I understand sellers being slow…

  • PRICE CUT IV: Code Brown

    Their down payment was only $90,000, which means if they want to avoid a short sale they will have to write an additional check for $40,000 to get out of this. How on earth have they not walked away yet? I realize it’s difficult for banks to foreclose in California, but this is insane. In…

  • PRICE CUT II: Seeing The Light (Saber)

    A sale at this price will result in a brutal loss of $53,000. Clearly not how they saw things going when they first listed for a wildly optimistic $475,000. I bet they’re kicking themselves for waiting so long to get serious, but what’s done is done. ********PREVIOUS POSTS BELOW******** Oh man, I had forgotten about…