Big Bear Bummers

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  • SOLD: Whistlin’ Dixie

    The good news is they still made a fat profit. The bad news is because they wasted 2+ years farting around with ridiculous asking prices they left a bunch of money on the table. Had they just priced it reasonably from the outset they would have made an absolute killing. Although the final sales price…

  • Georgia on my Mind

    Address: 724 Georgia St, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/724-Georgia-St-92315/home/3509169  Beds/Baths: 2 beds, 1 bath, 600 squares Purchase Price (1/2022): $495,000 Asking Price (9/2024): $460,000 Difference: -$35,000 Commission (3%): -$13,800 Total Loss: -$48,800 These people purchased in early 2022 for $495,000, and in March 2024 attempted a $539,000 money grab. Then, after wasting months with chickenshit…

  • SOLD: Doing What it Takes

    After paying $480,000 in May 2023, they accepted a full-price offer of $389,900. Assuming they only had to pay their realtor’s commission, they ate $101,000 for the privilege of owning a Big Bear cabin for 1.5 years. Absolutely brutal. If you recall, they initially swung for the fences with an asking price of $515,000 which…

  • Reversal of Fortune

    Address: 1244 Panorama Dr, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-City/1244-Panorama-Dr-92314/home/3528412  Beds/Baths: 3 beds, 2 bath, 1,576 squares Purchase Price (5/2024): $465,000 Asking Price (9/2024): $459,000 Difference: -$6,000 Commission (3%): -$13,770 Total Loss: -$19,770 I feel bad for these people. They have clearly run into serious financial issues if they are trying to get out just six…

  • PRICE CUT(S): Fast Flip Fundamentally Fails

    Kudos to the listing agent for convincing their greedy client to lower the price not once, but twice in the span of a few weeks. At the current asking price of $325,000, they will still walk away with a profit of around $55,000. Of course, that doesn’t factor in their renovation costs, but by the…

  • SOLD: Pick Your Pain

    Purchase Price (7/2023): $1,145,000 Sold Price: $930,000 Difference: -$215,000 Commission (3%): -$55,800 Total Loss: -$270,800 Man, did they ever get caught holding the bag. Back in the pandemic-era frenzy, countless flippers bought up Big Bear properties, slapped on some white paint, gray floors and industrial fixtures and cashed out for big bucks. It was the…

  • Moonridge Misery

    Address: 43135 Moonridge Rd, Big Bear Lake, CA 92315 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/43135-Moonridge-Rd-92315/home/3510597 Beds/Baths: 3 bed, 2 bath, 1,456 squares Purchase Price (8/2022): $700,000 (OUCH) Asking Price: $599,000 (DOUBLE OUCH) Difference: -$101,000 Commission (3%): -$35,940 Total Loss: -$136,940 It keeps getting worse for recent buyers. This poor soul paid $700,000 in August 2022 and is now willing to take…

  • UPDATE: A Moment of Clara-ty

    Congratulations on 300 days! You guys are doing great! Also, why the fuck is your property still on the market? You clearly have no interest in actually selling it. **********PREVIOUS POSTS BELOW********** At this point they have been on the market for a pathetic 274 days. In all that time they have managed to drop…

  • Slim and Grim

    Address: 779 Villa Grove Ave, Big Bear City, CA 92314 Redfin: https://www.redfin.com/CA/Big-Bear-Lake/779-Villa-Grove-Ave-92315/home/4117951 Beds/Baths: 3 bed, 2 bath, 1,274 squares Purchase Price (10/2021): $785,000 (OUCH) Asking Price: $675,000 (DOUBLE OUCH) Difference: -$110,000 Commission (3%): -$20,250 Total Loss: -$130,250 Oof, this is going to hurt. I have to give them credit for admitting up front that a sale at…

  • Thrush Hour

    Address: 41625 Thrush Ct, Big Bear Lake, CA 92315 Link: https://www.realtor.com/realestateandhomes-detail/41625-Thrush-Ct_Big-Bear-Lake_CA_92315_M11509-84972 Beds/Baths: 4 bed, 3 bath, 2,592 squares Purchase Price (9/2023): $1,062,500 Asking Price: $1,195,000 Difference: +$132,500 Commission (5%): -$35,850 Total Gain: +$96,650 I admire the brass balls on these people. After buying barely a year ago for $1,062,500, they are now trying to unload their malignant…