After graduating from Arizona State University, I moved to Big Bear to sell real estate with my father in January of 1999. I had initially only planned to stay for 2 years and then head off to law school. Eleven years, and 100’s of successful real estate transactions later, Big Bear is still my home. I am married to my wife, Ashley Wood, and we have a young son, Daxton Wood. We currently live in the Meadowbrook Estates area of Big Bear.
When I get some free time, I enjoy running, mountain biking, playing basketball, and golf. Fly fishing is my true passion. I like to read and stay current on books and stories relating to technology and business. Spending time with my family rounds out who I am.
Since I first started in real estate, I have taken pride in being the most knowledgeable agent when it comes to the properties for sale, the areas & neighborhoods, as well as the current real estate market conditions.
My client’s interests and satisfaction always come first. No deal is worth jeopardizing this.
These are the things you can expect when working with me -
strong negotiation skills
effective communication
honesty, integrity, transparency
trust in the knowledge that I provide
reliability - I do what I say I am going to do
Thank you.
Here are some of my most recent client testimonials -
To Whom it May Concern:
My wife and I recently sold our vacation home in Big Bear Lake through Tyler Wood.
After multiple proposals from other prestigious Realtors we chose Tyler as we felt he was extremely knowledgeable about Big Bear and the buyer pool seeking homes there.
Our experience could not have been better. In this difficult market, Tyler was able to
generate multiple offers and an eventual closing within our price range.
Tyler’s marketing of this home was very impressive and innovative with the use of social media along with more conventional methods. From the initial consultation/valuation and throughout the entire marketing process, we were very impressed with the “hands on” approach that he utilized.
In the negotiation process Tyler exhibited a very professional and creative style
representing our goals. During the closing process my wife and I felt very comfortable with Tyler’s efficiency and advice. He handled every detail including inspections and repairs. The communication throughout the process was excellent with regular updates and “solution oriented” problem solving.
We would highly recommend Tyler as the Realtor’s of choice for any residential purchase or sale. We would be very happy to talk with any potential client of the Tyler’s regarding our exceptional experiences.
Best Regards,
Richard J. Walter
Nov -2011
Tyler was recommended to us by a Real Estate friend of ours from down the hill. Even with the recommendation, we chose to interview agents before making a decision. Without a doubt, Tyler was the most knowledgeable and confidence inspiring. Tyler had excellent and very specific answers regarding what to expect putting our cabin up for sale in a soft market. His track record for sales over the past few years is impressive. His responses proved to be less predictive and more a plan that played out as, well, as planned. In our case, he was dead on the mark from time on the market to selling price. Tyler is a pleasure to work with. Professional, responsive and positive. Put your concerns aside and rest assured Tyler will deliver as promised.
Jon D. Paquet
Oct - 2011
I can’t say enough about the great experience of selling our home through Coldwell Banker The Tim Wood Group. Tyler Wood exceeded our expectations from the very first visit to last phone call thanking us for choosing his firm. The thorough knowledge of the Big Bear area, the current market conditions and the complete selling and buying process were what sold us on choosing Tyler to handle the sale. Everything from the professional photos, the brochures, the on-line coverage and the work with other agents was superior to anything we had expected. You couldn’t do better in Big Bear than going with Tyler and the Tim Wood Group.
John & Paula Manning
Oct - 2011
You could not get a better agent in Big Bear Lake. Tyler got our house into escrow in five days in a very poor housing market. His communications were timely and quite frequent. He has excellent knowledge of the local real estate market.
Blake & Myrta Boyle
July - 2011
Buying our vacation home in Big Bear Lake with Tyler Wood was a fantastic experience. Over the course of seven months, we probably looked at no less than 30 homes, and Tyler was extremely patient with the unloading and loading of our three kids, and was always prepaired and willing and able to answer any questions about rental potential, resale value, value for square footage, etc. His knowledge of the area is impressive and invaluable for those of us that don't live in Big Bear Lake. There was never any pressure to buy, but once we found the property we wanted, he moved swiftly and was always in touch with us through emails, texts and phone calls as we were on vacation when the sale went through. I wouldn't hesitate to recommend Tyler to anyone looking to buy in Big Bear. He made what could have been a difficult and tedious experience a pleasure, and has continued to assist us after the close with recommendations for contractors and agents for the rental of the property.
The number of homes for sale in Big Bear has been steadily dropping the past few months. Just recently, we dipped below 600 homes for sale. With that comes a window of real estate opportunity for some Big Bear home sellers.
As the inventory levels drop, so does the number of available options for buyers to choose from. And when they have less options to choose from, this makes certain properties stand out, which in turn increases the odds of that property selling. It’s that simple.
Keep in mind, the asking price is still the main factor in causing a home to sell. This window of opportunity just adds to the importance of pricing correctly as the property will stand out even more from the competition. When it stands out, it sells! There may be 550-600 homes for sale in Big Bear, but how many are actually priced correctly and in sellable condition? Few.
All things considered, now could be the right time to get your Big Bear property sold.
Real Estate agents like to think they have some effect on the pricing, but I believe it is determined mostly by the buyers, and to some degree, sellers. It doesn’t matter how great an agent thinks they are, our how much money they spend marketing the property, if the price is too high and the buyers don’t agree with it, it won’t sell. No amount of skill or marketing will force a buyer to pay a significant amount more than what a property is truly worth.
Now, you definitely want an agent who knows how to market and position a property, but that is all secondary to the asking price. Finding a listing agent that knows how to price accordingly in this market should be your #1 concern.
The standard real estate contract for the state of California includes a clause that says, “Time is of the Essence.” Essentially, this means that the parties to the contract need to perform according to the timelines laid out in the contract or they could otherwise be in breach of the contract.
It appears to me that a lot of buyers, and many agents, seem to totally ignore this clause. It is pretty common for most escrows to be delayed 1-2 weeks or more. It is also common for buyers to be unprepared to remove their contingencies when they are due.
Why does this happen? There are countless excuses out there: loans are tough these days, had to go on vacation, work, holidays, etc. But here’s the bottom line: if a buyer really pushes to get their deal done, it can be done in the allotted time. Many times it can be done sooner!!
The number one reason for the delays is the buyer’s loan. And the main things that delay the loan are buyers not getting their requested documents/paperwork back to the lender in a timely manner (like 12-24 hrs) and the lender not getting the appraisal ordered in time. If these two things are done the first week, it is pretty much a certainty that the escrow will close on time.
Why is this important?
Besides the buyer not doing what they agreed to do, it could potentially put the buyer in a position of liability. There’s a risk they could lose the property and maybe even their deposit if contingencies have been removed.
My recommendation: have your ducks in a row before you go into contract to purchase a home. Talk with a lender prior to shopping for a home and get them all the documentation they need up front. If they need something during the escrow, turn it around the same day. Be in constant contact, every couple days or so, with your agent and lender. And be sure the appraisal is ordered within the first few days after contract acceptance.
Buying a home is serious business. The contracts involved require your attention. Be sure to give it the time and respect it deserves.
The Big Bear real estate market is still moving along in a catfish-like manner. It goes up, down & side to side with no clear direction of travel. One thing’s for sure, every month is different right now. Sales were up 14% in October compared to the same month last year but prices were down 9% and 14% for the median and average sales prices respectively.
Below is a real estate market update for Big Bear thru October 31, 2011.
Year
# of Homes Sold
Median Sales Price
Average Sales Price
Days on Market
List Price to Sales Price
2011
675
$165,000
$229,150
117
95%
2010
698
$193,500
$253,625
118
95%
2009
721
$207,000
$275,353
130
95%
2008
575
$255,000
$330,222
134
94%
2007
668
$315,000
$412,510
123
95%
2006
972
$313,950
$389,247
79
97%
2005
1510
$289,000
$356,259
69
98%
2004
1572
$229,000
$272,915
75
98%
Here are few things that stood out to me.
1. The list price to sales price ratio is still holding pretty strong at 95%. Keep in mind, this does not take into account the original listing price, just the listing price when the property sold. It is important for buyers to understand that you are not going to be able to offer 10-15% below the asking price and expect to get the property – this number says it is not realistic. From a seller’s standpoint, there’s no need to overprice your property to leave room for negotiation. All you need is about 5%. Most sellers go over by 10-20% and then never see showings or offers.
2. Compare 2007 v. 2011 – sales are pretty much the same but prices are about 40-50% less now, 2% less on the list price to sale price, along with another 38 days on the market (carrying costs). It all adds up to less money in the seller’s pocket these days.
3. Prices are still dropping while sales are about even. The median and average sales prices are down 15% and 10% compared to 2010 for year to date sales. Sales are down just 3% from 2010.
What stands out to you? Where do you see this market is heading?
The information being provided by SoCalMLS®, CARETS®, or Big Bear Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS®, CARETS® MLS, or Big Bear Association of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site.
Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS®, CARETS®, or Big Bear Association of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
