Big Bear Bummers

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  • “Seller is motivated to sell.”

  • I Wear My Sunglasses at Night

    Address: 42554 Cedar Ave, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/42554-Cedar-Ave-92315/home/4114848 Beds/Baths: 2 beds, 1 bath, 768 squares Purchase Price (7/1986): $58,000 Asking Price: $424,900 Difference: +$366,900 Commission (3%): -$12,747 Total Gain: +$354,153 They expect you to hand them a $350,000 profit but can’t be bothered to take a few decent photos. Like, come on dude. These…

  • UPDATE II: Code Brown

    WELP. Unit 6 came in with an aggressive price of $349,000 and still had to discount another $14,000 to close the deal. And now the remaining owners in this tiny building have a new, super shitty comp to deal with. Especially the seller of Unit 4, who is left begging for a suddenly preposterous $399,000.…

  • PRICE CUT II: A Moment of Clara-ty

    At this point they have been on the market for a pathetic 274 days. In all that time they have managed to drop the price by a whopping 5 percent. “I’M NOT GOING TO JUST GIVE IT AWAY!!” It’s worth remembering these greedheads only paid $410,000 in 2019. Since most Big Bear properties selling these…

  • PRICE CUT: Double Double

    In addition to a $5,000 price “reduction” in August, today they cut another $11,000. If we generously assume their closing costs will only be 3 percent of the sales price, they are now staring down the barrel of a -$85,870 loss. Finding a buyer today will allow them to salvage some of their down payment,…

  • Fast Flip Fundamentally Fails

    Address: 624 Temple Ln, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/624-Temple-Ln-92315/home/3502970  Beds/Baths: 1 beds, 1 bath, 525 squares Purchase Price (8/2024): $250,000 Asking Price (9/2024): $389,900 Difference: +$139,900 Commission (3%): -$11,697 Total Gain: +$128,203 You read that right: they bought this thing in August 2024 and put it right back on the market in September with a…

  • UPDATE II: View to a Kill

    After four long months, the seller of Unit 26 finally dropped the price from $510,000 to $475,000. Awesome job! The only problem is they waited too long to finally come to their senses. Because on the very same day, their neighbor in Unit 25 – literally right next door – decided to slash their price…

  • Flippin’ Ain’t Easy

    Address: 221 E Barker Blvd, Big Bear City, CA 92314 Link: https://www.redfin.com/CA/Big-Bear-Lake/376-Fawntrail-Pl-92315/home/63117216 Beds/Baths: 3 bed, 2.5 bath, 2,331 squares Purchase Price (2/2024): $1,175,000 Asking Price: $1,200,000 Difference: +$25,000 Commission (3%): -$36,000 Total Loss: -$11,000 This dummy bought in February of this year and has fooled himself into thinking he will only lose 11 grand on this transaction.…

  • Bummer in the Boonies

    Address: 230 Leonard Ln, Sugarloaf, CA 92386 Link: https://www.redfin.com/CA/Sugarloaf/230-Leonard-Ln-92386/home/4122460 Beds/Baths: 3 bed, 2.5 bath, 1,216 squares Purchase Price (4/2022): $455,000 Asking Price: $389,900 Difference: -$65,100 Commission (3%): -$11,697 Total Loss: -$76,797 On BigBearBummers I mostly focus on properties in Big Bear Lake and Big Bear City (primarily Moonridge) because those are the areas I’m most interested in…

  • Swan Dive

    Address: 41569 Swan Drive Dr, Big Bear Lake, CA 92315 Link: https://www.redfin.com/CA/Big-Bear-Lake/41569-Swan-Dr-92315/home/3509797 Beds/Baths: 6 bed, 3.5 bath, 2,844 squares Purchase Price (1/2022): $900,000 Asking Price: $1,125,000 Difference: +$225,000 Commission (3%): -$33,750 Total Gain: $191,250 In January 2022 our seller paid $900,000 for this big bomber and proceeded to do a total, top-to-bottom renovation. We’re talking new kitchen,…