Bill Young Realtor in Big Bear Lake

08/11/2024

July 2024 was a fairly typical month in Big Bear for SFR sales... the last couple of years have been slow, but MOVING... and that's the key point... the market here at 7,000ft is still moving.

In my discussions with fellow Realtors from "down the hill", I describe the major differences between the Big Bear market and the rest of the SoCal real estate markets:

* We are almost exclusively a 2nd home market. We do have full time residents, but most of the year the Visitors outnumber the "locals".

* And we are almost entirely a Tourist Economy... there is no manufacturing here, and very limited "white collar" businesses.

* And we are in a "4 seasons" environment. That means that we get to live and work in lots of snow during the winter... and the coldness demands that our homes are built differently... our homes and businesses are built to withstand about 100 pounds/sf "snow load"... furthermore, we know how to evaluate a deck or roof or yard when it's covered with snow during a home inspection.

I can save you several trips "up and down the hill" and still pay you a referral fee. I want your referrals, either for a buyer-client or a seller-client.

And if you're not yet comfortable with the pending change on August 17, I can help with that too. I've already worked with Buyer-clients under the new rules. It may take time for everyone (clients and Realtors) to become accustomed to asking Buyers to sign the BRBC.

I can help by working with your clients who are interested in Big Bear real estate... you don't have to do anything except send me the client's contact info... I'll take it from there and work with them thru the close of Escrow... then send you the Referral check.



Please let me hear from you...

06/13/2024

Tomorrow is Flay Day... be there or be square...

06/06/2024

The Big Bear Grizzly newspaper also has an error...Slight changes in the Discovery Center star party.... 1) the programs will start at 7:30pm in the Amphitheater, and 2) although we won't have telescopes setup, the Discovery Center Fireside chat will immediately follow.

05/24/2024

Are you waiting for the interest rates to drop before buying that Big Bear cabin? Consider this: If interest rates drop, then cabins will be more affordable... but with more folks buying, the law of Supply and Demand will take over and raise the purchase prices. Not effect: no change in monthly payments... see data below:

Situation Monthly
#1 $500k w/ 20% down, 7% note: $2,661

#2 If Note rate went to 6%
$500k w/ 20% down, 6% note: $2,398

#3 but if $$ increased 10%
$550k w/20% down, 6% note: $2,638

I recommend that you "pull the trigger now" to get the lower prices, then re-fi when the interest rates do come down...

05/08/2024

04/05/2024

Big Bear Village... RE/MAX office
https://youtube.com/shorts/HZBAZ2rdL50?si=H6ZH5uqSkAvlwFk3

04/05/2024

Dangit... I missed Spring and Summer this year !!

03/30/2024

Holymoly... here is a very good picture of my fav Professor... Prof Tricia Elliott

02/25/2024

Well, our Big Bear real estate market is a bit slower than usual, but the key is that the market is still moving upward... prices are holding steady... Here is a summary of the January 2024 market provided by Suzette Guyette of Fidelity Title...

01/18/2024

10/31/2023

Browse Properties


All Big Bear cabin listings are available on the popular internet sites (www.realtor.com, or www.zillow.com, etc). Those internet sites receive (almost hourly) input from a couple different Multiple Listing Services. Regardless of which MLS a Big Bear cabin was originally listed on, I can help you since I belong to both Multiple Listing Services.

The data represented in my charts and graphs are approximatelycorrect. Keep in mind that the numbers used to generate my monthly graphics are taken at a “moment in time” and do change from hour to hour. If you are interested in the exact numbers, then please ask me.

08/25/2023

🏡 Exciting News for New Big Bear Lake Real Estate Prospects! 🏡

I hope this message finds you well and enthusiastic about your real estate journey in beautiful Big Bear Lake. I'm thrilled to share some important updates that will enhance your property search experience and ensure that you find the perfect home that matches your preferences and needs.

🔎 Introducing a Modern Approach: The world of real estate is evolving, and so am I. In order to provide you with the best possible service, I've transitioned to a more personalized and efficient approach. Instead of the traditional method of touring homes solely based on predetermined criteria, I've embraced technology to empower you in your home search.

🏠 Your Search, Your Way: You now have the flexibility to explore the Big Bear Lake real estate market at your own pace. Simply visit www.realtor.com or www.zillow.com, two trusted platforms known for their extensive listings and user-friendly interfaces. There, you can explore a wide range of properties, filter by your desired specifications, and compile a list of homes that catch your eye.

✨ Tailored Viewing Experience: Once you've selected a handful of properties that pique your interest, reach out to me with your curated list. I'll then coordinate with you to schedule personalized viewing appointments for the properties you've selected. This approach ensures that your time is spent exploring properties that truly resonate with you.

🌟 Your Preferences Matter: I understand that every buyer is unique, and your preferences are paramount. Whether you're looking for a cozy 3-bedroom, 2-bathroom home in the $500k range or have specific architectural styles or amenities in mind, this new approach empowers you to discover properties that align with your vision.

📞 Stay Connected: As always, I'm here to support and guide you throughout your real estate journey. Should you have any questions, require assistance with the platforms, or need expert advice, don't hesitate to reach out to me. Your satisfaction and successful property hunt remains my top priorities.

Embrace this new era of real estate exploration, where you're in the driver's seat of your home search. I'm excited to embark on this journey with you and look forward to helping you find your dream home in Big Bear Lake.

07/25/2023

Should I put my Big Bear Rental property into an LLC?

I am not a legal or financial advisor, but here Is some general information. Before making any decisions, it's essential to consult with a professional who can assess your specific situation and provide personalized advice.

Putting a short-term rental property in an LLC (Limited Liability Company) can have advantages and disadvantages. Here are some considerations to keep in mind:

* Advantages of using an LLC for short-term rentals:

1) Liability protection: One of the main reasons people use an LLC is to protect their personal assets from potential lawsuits or claims arising from the rental property. If there's a legal issue related to the property, the liability typically stays within the LLC, shielding your personal assets (in most cases).

2) Separation of assets: An LLC allows you to keep your personal assets separate from the rental property's assets. This separation can make it easier to manage finances and accounting, especially if you have multiple properties.

3) Tax flexibility: LLCs offer some flexibility in how they are taxed. By default, they are pass-through entities, meaning profits and losses pass through to the owners' individual tax returns. This can be advantageous for tax planning purposes.

4) Perceived professionalism: Some guests might prefer dealing with an LLC as it may convey a sense of professionalism and structure compared to renting from an individual.

* Disadvantages of using an LLC for short-term rentals:

1) Costs and complexity: Forming and maintaining an LLC typically incurs fees, such as registration costs and annual filing fees. There's also some paperwork involved in setting up and running the LLC.

2) Mortgage and insurance considerations: If you have a mortgage on the property, transferring it to an LLC could trigger the due-on-sale clause, leading to potential issues with your lender. Additionally, insurance companies might have different policies for properties held by an LLC, which could affect premiums.

3) Additional regulations: Some locations may have specific rules or restrictions related to short-term rentals operated through an LLC, so you'll need to research local laws.

Ultimately, the decision to put your short-term rental property in an LLC should be made after considering your specific circumstances, risk tolerance, and goals. It's a good idea to discuss your plans with a qualified attorney and accountant who can provide professional guidance based on your unique situation.

07/17/2023

We have lots of "down-the-hill" SoCal realtors working remotely here in Big Bear... almost none of them KNOW Big Bear. For example: none of them will know what a "stop-n-waste valve" is, or how to evaluate the roof or deck when it's covered with snow. So, here are some thoughts on WHY you should use a local realtor:

As a local Big Bear REALTOR®, I strongly believe in the value I bring to the table when it comes to buying or selling a cabin here in Big Bear. Here are a few compelling reasons why you should consider using me to handle real estate transactions:

* Extensive Local Knowledge: As a local REALTOR®, I have in-depth knowledge about the Big Bear Lake neighborhoods, schools, amenities, and market trends in the area. This information is crucial when making informed decisions about buying or selling a property. I can provide you with valuable insights and guide you towards the best neighborhoods that align with your preferences and lifestyle.

* Strong Network: Over the last 20 years here in Big Bear, I have built a robust network of professionals in the real estate industry, including mortgage brokers, home inspectors, contractors, and attorneys. This network allows me to connect you with trustworthy and reliable individuals who can assist you throughout the home buying or selling process. Having a strong network ensures that you have access to the best resources and expertise available.

* Local Market Expertise: Real estate markets can vary significantly from one city to another, and even within different neighborhoods of the same city. As a Big Bear Lake REALTOR®, I am immersed in the local market on a daily basis. I stay updated on current market conditions, pricing trends, and inventory levels. This knowledge is essential in determining the right listing price for sellers and helping buyers negotiate the best deal.

* Personalized Service: As a Big Bear Lake REALTOR®, I take pride in providing personalized service to my clients. I understand that every client has unique needs, preferences, and goals. By working closely with you, I can tailor my services to match your specific requirements. Whether you are a first-time homebuyer, an investor, or a seller looking to maximize your profit, I can offer guidance and support tailored to your situation.

* Accessibility and Availability: I am readily available to answer your questions, address your concerns, and provide guidance throughout the process. I can meet with you in person, tour properties together, and provide local recommendations. This level of personalized attention can be invaluable in ensuring a smooth and successful real estate transaction.

* In summary, choosing a local REALTOR® offers you the advantage of their extensive local knowledge, strong network, market expertise, personalized service, and accessibility. With their guidance and support, you can navigate the complex real estate market with confidence and achieve your goals.

07/07/2023

Well, the month of June 2023 was successful, but was still a bit low in unit sales. Here are several charts and graphs that depict the June 2023 cabin sales from the Big Bear MLS. Maybe the most interesting graph is the one that shows about 50% of the June sales were sold BELOW the asking price. Furthermore, when someone asks "is this a Seller's market?", I give different answers depending on which price range we're talking about... please see the table below of my rationale and answers....

06/17/2023

In case you missed it, USA Today's 2023 readers choice award goes to Big Bear Lake as the 4th best lake/area in the USA !!

Lakeside inspiration for your next getaway. Here are the 10 best lakes across the United States, according to readers.

12/03/2022

I'll take it.

10/15/2022

04/15/2022