Agent Profile

Joe Pecoraro

Email: joe@thetimwoodgroup.com

Phone: 909-744-0850


Biography

dre # 01440354

Joe has lived in Big Bear for over 23 years. He grew up hiking through the forest, wakeboarding and fishing on the lake, and skiing and snowboarding on the local mountains.

After graduating from Big Bear High school, Joe moved to San Diego to attend school and enjoy the Southern California beach lifestyle. After nine years in San Diego, Joe decided that although he liked the beach, his real love was the mountains. He likes the laid back atmosphere of Big Bear and also the four seasons it provides. He believes there is nothing better than enjoying all the beautiful sights and great activities Big Bear Lake has to offer.

Joe has been selling Real Estate in the Big Bear Valley since 2004 and can't imagine doing anything else. He feels that his extensive knowledge of the valley and its history helps him better service his clients. He likes nothing more than helping people find their "get-away" cabin in the mountains.

Joe is an inventory expert in the Big Bear Valley. He takes pride in looking at every new listing that comes on the market and not waiting for a client to ask him about the property.

Joe is also an REO expert working both with listings from Banks and buyers looking for great prices on bank owned properties. Being involved with both sides of the REO process gives Joe a inside view of the how Banks deal with their properties and how to help his buyers out with this valuable info.

Feel free to contact Joe and let him put his experience to work for you.

Author Archive

The Seclusion Factor – Tips on Finding a Great Setting for Your Big Bear Cabin

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By Joe Pecoraro on March 6th, 2010
Categories: Big Bear Buyers, Big Bear Real Estate News
Tags: , , , , , , ,     

The first thought most people have when thinking of a mountain cabin is a secluded, charming place in the middle of the woods. 

Most buyers are looking for a place to escape from the city and hustle and bustle they live in.  Obviously, a secluded cabin would be the best way to make sure you will have a place to relax, uninterrupted in the mountains. Seclusion goes hand in hand with with the setting and the peace and quiet that buyers in Big Bear are looking for.

While secluded cabins in the woods do exist in Big Bear, they are not very common.  Although there are very few of these cabins available, they are always in high demand.  Unless you want to jump into a high price range and large homes, it is getting tougher and tougher to find a completely secluded cabin in Big Bear. 

Or is it?

BACKING OR ADJOINING THE NATIONAL FOREST

Big Bear Valley is surrounded on all sides by the San Bernardino National Forest.  That means the outskirt streets all have some properties that are adjoined one way or another to National Forest.  This is best way to get a great setting and maybe even a starting point for little hikes or walks through the woods.  Although more than likely you will have neighbors,  you will at least have a beautiful “never ending” back yard full of trees and animals.  If you can find a place that has part time neighbors on both sides, even better. 

You can find these properties backing to National Forest throughout the valley.  Moonridge, Fawnskin and even Erwin Lake have properties with this unique feature.  There are properties in Sugarloaf that have the National Forest behind and to one side of them.  If you are lucky enough to find one of these cabins, you will have one more feature that helps your resale.

BACKING TO OPEN LAND OR ACREAGE

Not quite as good as backing to the National Forest but there are also properties in the Big Bear Valley that are right next to open land or acreage.    Even though this is not National Forest, you wouldn’t be able to tell in some instances.  The same trees, creeks and flowers grow on this private land as in the forest.  Of course since most of these areas are private land, you wouldn’t be able to just hike through them or use it as you please.  You would how ever have a much better setting than a property with a back neighbor. 

If you find one of these properties, you must realize that there is potential for this setting to change.  However, with a little research it is usually easy to find out if anything major is planned or how the layout would be if it was developed.  In the meantime, it is one way to find piece and quiet for the time being.

“GOVERNMENT LEASE” CABINS

Some of the best settings and views in the valley are government lease cabins.  Regulated by the National Forest Service, these cabins are personal property with a special use permit allowing them to sit on National Forest Land.  Most of these cabins sit in “tracts” or groups of cabins in different parts of the valley.  Some are lake front and some are tucked away far into the woods. 

Since you don’t own the land, you can not get traditional financing on these properties.  That means they are usually cash deals.  The price ranges vary from under $100K on a small cabin that needs work to the $800ks for a lake front beauty.  Although these cabins are not real property, they still follow the ebbs and flows of the local real estate market.  Rising and falling in value over the years.  These are not for everybody, but if you are purchasing with cash you should consider taking a look at these places.

 These were just a few suggestions for finding some sort of seclusion that everyone needs every now and then.  Here are a few more suggestions for finding a good setting.

  • MEADOWBROOK ESTATES-Newer subdivision in the East Valley with acre and over lots.
  • HIGH TIMBER RANCH-Newer Upper Moonridge subdivision with larger lots and lots of trees.
  • LARGER LOTS-The larger your lot, the farther you are from your neighbor.
  • HILLS-Lots of times being on a hill can add to your setting because you are either higher or lower than your neighbor.
  • SECOND HOMES AS NEIGHBORS-With close to 75% of the homes in Big Bear being second homes or vacation properties, chances that you won’t have anyone next door disturbing you goes up if the cabin next door is vacant most of the time.  This, like open land or acreage, can change but it is also the type of property that would be the easiest to find.

Joe Pecoraro

 

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Hurry Up To Wait – Buying A Big Bear Bank Owned Property

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By Joe Pecoraro on June 27th, 2009
Categories: Big Bear Buyers, Big Bear Foreclosures, Big Bear Real Estate News
Tags: , , ,     

By now just about everyone has heard about how frustrating short sales can be. Waiting week after week for any new news. It seems like many buyers look at bank owned listings just to avoid a short sale nightmare.

istock_000006367063xsmallI just wanted to share a story on a bank owned property that my client currently has in escrow. This was a very aggressively priced property in Big Bear Lake. Going in my client (who is very real estate savvy) and I knew there was going to be more than one offer. We wrote a very aggressive first offer, over asking price and very clean. We expected to at least get a best and final counter from the bank but were hoping the bank would accept his offer outright.

There turned out to be four offers on the property and all four potential buyers were given the standard best and final counter. Of course the bank only gave us a 24 hour window to submit the best offer we could.

Well, to make a long story short, my buyers went up in price and were able to get a verbal acceptance of there counter offer. So about two days later, we finally received the unsigned counter from the bank.

Now we were a little leery of not having signed paperwork because the property was such a great deal, even at the price my clients had to stretch up to. My clients feared that someone else would come and offer an insane amount, even though the offer was already verbally accepted. We submitted the counter back to the listing agent and requested the bank sign the counter and original offer ASAP.

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