It’s true – there are some things in life that are free! Although the details are a little foggy, it appears that the City of Big Bear Lake may be offering prospective homebuyers up to $40,000 in financial aid to purchase a home. According to a first draft of a proposal presented to the Big Bear Lake City Council, it is hoped that [...]
Posts from ‘March, 2009’
CNBC Article Supports Current Vacation Home Values
I ran across an informative article on CNBC’s website about second home values that I think prospective Big Bear real estate buyers might find interesting. It mentions the health of the second home market, how affordability is at an all time high, why the future demand for second homes is quite favorable, why people are buying [...]
Big Bear Real Estate – The Market's Direction
Probably the most frequent question realtors hear from prospective Big Bear real estate buyers and sellers is, What is the market doing? In several previous posts, I addressed the fact that the number of sales has been increasing and inventory has been generally dropping. It stands to reason that these are two good signs that the market [...]
A Hot Deal – $1500 Tax Credit for Furnace Replacement
Being that Friday marked the official first day of spring, like clockwork, a late season storm rolled into Big Bear this weekend, complete with three inches of snow and temperatures dipping below 10 degrees. Accordingly, it seemed just my luck for my home’s furnace to decide to stop working. Needless to say, things were pretty darn chilly in my house this morning. [...]
Tax Credits Offer Up to $18,000 to Buyers in 2009
(DISCLAIMER: The following is my personal understanding of the most recent real estate tax news. But I am not a tax professional. If tax advantages are part of your consideration for purchasing real estate, always consult a tax professional regarding tax implications.) Federal Stimulus Tax Credit The recently passed Federal Stimulus Package has a nice little bonus for first time [...]
Big Bear Real Estate – February and Year to Date Sales Numbers
Big Bear real estate sales numbers continue to show improvement in the month of February. Sales increased due to falling prices with foreclosures continuing to retain a significant market share. As a result of increased sales, inventory has dropped noticeably. Number of Sales February of 2009 saw 50 sold properties versus 30 sales in 2008. This represents [...]