Mistake #1 -- Placing the Wrong Price on Your Big Bear Lake Home

Every Big Bear Lake CA seller obviously wants to get the most money for his or her property. Ironically, the best way to do this is NOT to list your home at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other Big Bear Lake home buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value

Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your Big Bear Lake CA homes to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your REALTOR® for the most recent information regarding property sales in Big Bear lake. This will give you an up-to-date and factually accurate estimate of your property value.

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