Steps for Buying a Home and Placentia Homes Market Update from Placentia Real Estate Expert Nic Petrossi

As of July 13, 2009 below is a list of all homes in Placentia that are regular sales, not short sales or bank owned. 

Call Nic Petrossi (714) 272-3646 with Prudential or email npetrossi@yahoo.com

Step #1:  Contact a Bank or Mortgage Broker to run (not ruin, run) your credit and get a Pre-Qualification Letter.  (these are sometimes referred to as a “Pre-Approval” letter). 

Step #2:  Contact Nic Petrossi to have him search for homes in the price range you have been pre-approved to buy in.

Step #3:  Buy a home in Placentia, Yorba Linda, Brea, Fullerton, Anaheim Hills.  (These cities (east side of Fullerton when you’re talking about Fullerton), have very few foreclosures and have been insulated from the “foreclosure anchors” that have been pulling down home prices all over the nation and even in other cities in Orange County.  Northeast Orange County is, in my opinion, one of the safest places to buy, physically, but also economically.

Mon, Jul 13, 2009 03:35 PM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P694066	A	2		H	T	Q	SFR	D	1616 Oak	PLA	84	92870	739J7	OTHR/0	2	1/1	1	1	910	1949	$130,000	7
2	S580639	A	12		H	T	Q	CONDO	A	182 Southampton Way 31	PLA	84	92870	739F5	HOTG/0	2	2/1	2	1 D	897	1972	$197,000	7
3	P692110	A	1		H	T	Q	SFR	D	500 S Van Buren St	PLA	84	92870	0000×00	OTHR/0	3	2/2	1	1	1,270	1932	$249,900	24
4	P691960	A	9		H	T	Q	CONDO	A	111 S Lakeview Ave 111j	PLA	84	92870	740B7	OTHR/1	2	2/2	2	1	930	1990	$259,000	26
5	P691929	A	1		H	T	Q	SFR	D	819 Tafolla St	PLA	84	92870	0000×00	OTHR/0	5	2/2	1	1	1,250	1953	$259,900	24
6	P694606	A	20		H	T	Q	SFR	A	1445 Prospect Ave C	PLA	84	92870	739J4	OTHR/3	3	3/1	2	1 D	1,437	1964	$294,000	6
7	S567872	A	8		H	T	Q	CONDO	A	1541 Ismail Pl	PLA	84	92870	739J7	ALPL/6	2	2/2	2	1 A	1,000	1998	$335,000	139
8	P692419	A	18		H	T	Q	CONDO	A	957 La Paz Rd 48	PLA	84	92870	739H5	LOSB/0	2	3/1	2	2 A	1,233	1986	$369,000	4
9	P693948	A	9		H	T	Q	SFR	A	300 Los Padres Ln	PLA	84	92870	739F7	PLVG/1	3	2/2	1	2 A	1,314	1976	$380,000	10
10	P687727	A	6		H	T	Q	SFR	A	212 Preakness Dr	PLA	84	92870	740B6	PLKN/0	2	3/1	2	2 A	1,528	1981	$389,900	58	*
11	S579585	A	11		H	T	Q	CONDO	A	1447 Via Cortez	PLA	84	92870	739F4	OTHR/1	4	3/2	2	2	1,615	1972	$395,000	17
12	S560648	A	4		H	T	Q	SFR	A	1517 SHERWOOD VILLAGE Cir	PLA	84	92870	739H4	SHER/2	3	3/2	2	2	1,346	1974	$415,000	182
13	P660218	A	5		H	T	Q	SFR	A	2485 Arrow Cir	PLA	84	92870	739F2	WOOD/1	2	3/2	2	2	1,325	1975	$435,000	276	*
14	P691499	A	8		H	T	Q	CONDO	D	1565 Hastings Way	PLA	84	92870	739J6	OTHR/0	3	3/2	2	2 A	1,560	1998	$449,000	28
15	P692112	A	1		H	T	Q	CONDO	D	1753 E Hayes Ct	PLA	84	92870	739J6	OTHR/0	3	3/2	2	2 A	1,715	1999	$449,000	24
16	P694909	A	8		H	T	Q	SFR	D	1507 N Victoria Way	PLA	84	92870	739D4	SHDH/0	3	3/2	2	2 A	2,112	1978	$489,900	1
17	P681484	A	5		H	T	Q	SFR	D	1719 N Mccormack Ln	PLA	84	92870	739G4	OTHR/1	4	2/2	1	2	1,684	1963	$525,000	107
18	P592086	A	1		H	T	Q	SFR	D	643 E Highlander Ave	PLA	84	92870	739G4	OTHR/0	4	2/1	1	2 A	1,539	1969	$530,000	720	*
19	P693485	A	19		H	T	Q	SFR	D	2336 Cebu Ct	PLA	84	92870	739G2	OTHR/-	4	3/1	1	2 A	1,976	1964	$535,000	13
20	P681474	A	15		H	T	Q	SFR	D	2026 Tuffree Blvd	PLA	84	92870	739E3	OTHR/5	5	3/2	2	2 A	2,435	1964	$550,000	115
21	P693357	A	6		H	T	Q	SFR	D	214 Patrician Ln	PLA	84	92870	739F3	OTHR/-	4	2/2	1	2 A	1,784	1963	$569,500	13
22	P682274	A	4		H	T	Q	SFR	D	1323 Vina Del Mar Pl	PLA	84	92870	739J5	ALPL/1	5	3/2	2	3	2,226	1965	$575,000	82	*
23	P689511	A	20		H	T	Q	SFR	D	2120 Heloise Way	PLA	84	92870	739G3	OTHR/1	4	3/1	2	2 A	2,190	1963	$579,000	62	*
24	P693954	A	12		H	T	Q	SFR	D	660 Longfellow Dr	PLA	84	92870	739G3	OTHR/0	3	3/2	1	3	1,808	1972	$590,000	10
25	MRM-C09023975	A	4		H	T	Q	SFR	D	519 LEE Pl	PLA	84	92870	739E4	/	3	2/2	1	2 A	1,682	1963	$592,000	137
26	P662449	A	14		H	T	Q	SFR	D	177 Los Alamitos Cir	PLA	84	92870	740A6	MARP/0	4	3/3	2	2 A	2,172	1980	$599,900	260	*
27	P692930	A	20		H	T	Q	SFR	D	574 E Milano St	PLA	84	92870	739G5	MONS/1	3	3/2	2	2	2,384	1993	$610,000	6	*v
28	P652037	A	14		H	T	Q	SFR	D	1454 E Evans Ln	PLA	84	92870	739J6	OTHR/*	3	2/2	1	3	1,716	1995	$615,000	332	*
29	P684841	A	16		H	T	Q	SFR	D	1542 Shenandoah St	pla	84	92870	739f4	OTHR/.	3	2/1	1	2	1,525	1968	$625,000	80
30	P692471	A	20		H	T	Q	SFR	D	607 La Marr Ln	PLA	84	92870	739G6	FAIR/0	3	3/1	2	2	1,953	1995	$629,900	20
31	P685496	A	13		H	T	Q	SFR	D	606 Hollyhock Ln	PLA	84	92870	739F6	SEQH/1	4	3/2	1	2	2,460	1979	$635,000	75	*
32	L29923	A	20	V	H	T	Q	SFR	D	1619 Rock River	PLA	84	92870	739f4	OTHR/0	4	3/0	2	3	2,468	1968	$644,900	46	*
33	P664714	A	10		H	T	Q	SFR	D	1525 Shaver Way	PLA	84	92870	739F4	POND/1	5	3/2	2	3 A	2,360	1967	$650,000	250	*
34	P694149	A	20		H	T	Q	SFR	D	213 Garfield Ave	PLA	84	92870	739F3	STNG/.	4	3/1	2	3 A	2,554	1966	$699,000	7
35	P694391	A	13	V	H	T	Q	SFR	D	825 Newton Ln	PLA	84	92870	739G6	MDTF/0	3	3/2	2	3 A	2,410	1993	$699,000	6
36	P685248	A	9	V	H	T	Q	SFR	D	919 San Juan Ln	PLA	84	92870	739G7	OTHR/O	4	3/2	2	3	2,453	1976	$699,900	79	*
37	P666582	A	2		H	T	Q	SFR	D	968 Finnell Way	PLA	84	92870	739G6	FWAV/2	4	3/2	2	3	2,450	1984	$699,950	227
38	P694757	A	18		H	T	Q	SFR	D	425 Nevin Ln	PLA	84	92870	739J6	OTHR/*	5	3/2	2	3 A	2,860	1994	$700,000	3
39	P681931	A	14		H	T	Q	SFR	D	1211 Campanis Ln	PLA	84	92870	739H7	OTHR/1	3	2/2	1	2	2,100	2005	$729,000	103	*
40	P671308	A	20		H	T	Q	SFR	D	330 Oberle Pl	PLA	84	92870	739H7	OTHR/1	3	2/2	1	2	2,217	2003	$749,000	182	*
41	P693867	A	20		H	T	Q	SFR	D	1234 Campanis Ln	PLA	84	92870	739H7	OTHR/5	4	3/2	2	3 A	2,600	2005	$749,900	10
42	P684100	A	20		H	T	Q	SFR	D	508 Shoshoni Ave	PLA	84	92870	739F2	OTHR/4	4	3/3	2	3 A	2,832	1972	$750,000	87
43	P694334	A	18		H	T	Q	SFR	D	2237 Montgomery Cir	PLA	84	92870	739E2	OTHR/0	5	5/4	2	3 A	3,556	1976	$795,000	6
44	P691562	A	19		H	T	Q	SFR	D	400 Purdy Ave	PLA	84	92870	739F2	OTHR/1	4	3/2	2	3 A	3,177	1968	$795,500	27
45	S576093	A	1		H	T	Q	SFR	D	436 Kiolstad Dr	PLA	84	92870	739F2	OTHR/1	5	3/3	2	3	3,077	1966	$824,000	45
46	P687729	A	20		H	T	Q	SFR	D	1149 E Maertzweiler Dr	PLA	84	92870	739H6	HQT/0	4	4/4	2	3 A	2,900	2001	$825,000	61	*v
47	P680203	A	20		H	T	Q	SFR	D	432 Oberle Pl	PLA	84	92870	739H6	OTHR/4	4	3/3	2	3	2,900	2004	$855,000	117	*
48	MRM-H09060435	A	0		H	T	Q	CBO	D	125 S MELROSE St	PLA	84	92870	739E7	/	3	3/2	2	3		1990	$1,050,000
49	S570457	A	20		H	T	Q	SFR	D	829 Berkenstock Cir	PLA	84	92870	739G3	CUST/0	3	4/3	2	4 D	5,684	1913	$1,249,990	95	v

Placentia Homes & Yorba Linda Homes “When Cometh the Bottom?”

Isn’t THAT the million dollar question…

Well, no one has the crystal ball, but we all have our sources of knowledge and expertise to try to gauge when we’ll see the up-swing.

Some are saying that the bottom has already come.

Some are saying that we won’t see it for some time.

I say, I don’t know for sure, but what I do know for Orange County, CA is this:

The Below $500K Market is already there. 

We are seeing good properties under $500K being snatched up within a week in Northeast Orange County (Placentia, Yorba Linda, Brea, Fullerton, Anaheim, Anaheim Hills).  There are multiple offers on properties that are in good condition.  So, essentially, we are THERE for that price range.

What about the over $500,000 range?  When will we see the bottom for THOSE homes?

  A great article came out in the Orange County Register (our local newspaper) by Jonathan Lansner.  He interviewed a private banker, Ray Dellerba, CEO of Pacific Mercantile Bank in Costa Mesa.  Dellerba nailed the downturn by getting OUT of residential lending late 2005.  He just started lending on residential properties again.  Four decades of banking and that kind of foresight makes you listen when he talks.  When asked his prediction of the “bottom,” Dellerba replied “November” without a flinch.  His reasoning?  People are sick of being in the dumps and tight with their money and those with jobs will want a good Christmas for their family. 

What is MY prognostication? 

        Summer of this year, July.  Government incentives, especially for first time buyers, still-high FHA loan limits, low interest rates, and considerably less REO / short sale inventory in Northeast O.C. will fuel the best housing market we’ve seen since 2004.  

I welcome your comments.

Nic Petrossi, Prudential CA Realty

(714) 272-3646 

npetrossi@yahoo.com

Click Here for WEBSITE —>

Click here

NIC PETROSSI, Nov. 7, 2008 Placentia Homes (Foreclosures | REO | Bank Owned) from Realtor

Below is a list of all Placentia Foreclosurs | REO’s | Bank Owned properties as of Nov. 7, 2008.

Placentia is known as a “Pleasant Place to Live” with award winning schools, quiet & safe neighborhoods, great restaurants and shopping and most all homes are close to the 57 or 91 freeways.  Placentia is located close to Brea shopping and restaurants as well as downtown Fullerton shopping and restaurants.  Some of Placentia’s fine communities include Alta Vista South, Granada Park, Founders Park, Sequoia Woods and Hamptons on the Green. 

Visit my website ——> WEBSITE for Placentia school boundary maps and more information on Placentia, CA. 

Fri, Nov 7, 2008 09:15 AM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P654854	A	6		H	T	Q	CONDO	A	212 S Kraemer Blvd 1605	PLA	84	92870	739F7	CNTC/0	2	1/1	1	0	845	1972	$116,300	52	*
2	S544200	A	3		H	T	Q	CONDO	A	162 Kauai Ln	PLA	84	92870	739F7	PLL1/*	1	1/1	2	0	916	1979	$175,000	84	*
3	P659435	A	6		H	T	Q	SFR	D	937 Gonzales St	PLA	84	92870	769D2	OTHR/n	3	1/1	1	2 D	897	1925	$212,000	31	*
4	P658705	A	9		H	T	Q	SFR	D	943 Tafolla St	PLA	84	92870	769E1	OTHR/0	3	1/1	1	1 A	1,061	1923	$220,900	37	*
5	P651564	A	1		H	T	Q	SFR	D	211 Wilson Ave	PLA	84	92870	739E6	CHAP/1	2	1/1	1	1	842	1950	$239,999	86	*
6	S545571	A	1		H	T	Q	SFR	D	901 S Melrose St	PLA	84	92870	769E1	OTHR/0	4	1/1	1	1	1,101	1921	$255,900	72	*
7	P660506	A	8		H	T	Q	CONDO	A	1226 N Placentia Ave	PLA	84	92831	739D5	OTHR/0	2	2/1	2	1 A	1,210	1964	$264,900	24
8	P659759	A	10		H	T	Q	SFR	A	2375 Natchez	PLA	84	92870	739G2	OTHR/0	2	1/1	1	2	864	1972	$270,000	30	*
9	S541929	A	18		H	T	Q	SFR	D	832 Nebraska Ave	PLA	84	92870	769D1	OTHR/0	4	2/2	1	2	1,213	1955	$284,499	78	*
10	P662928	A	0		H	T	Q	SFR	D	1632 La Paloma Ave	PLA	84	92870	740A7	OTHR/5	5	3/2	2	2 A	2,000	1973	$329,000	8
11	P652770	A	18		H	T	Q	SFR	D	801 Stardust Dr	PLA	84	92870	739D6	OTHR/.	3	2/1	1	2 A	1,189	1958	$330,000	78	*
12	S524902	A	6		H	T	Q	SFR	A	540 El Cabrillo	PLA	84	92870	739F4	OTHR/0	3	3/2	2	2	1,404	1972	$339,900	163	*
13	P645459	A	7		H	T	Q	SFR	D	506 Wilson Cir	PLA	84	92870	739E6	OTHR/0	3	2/2	1	2	1,552	1955	$339,900	87	*
14	S551726	A	12		H	T	Q	SFR	A	1621 Sherwood Village Cir	PLA	84	92870	739H4	OTHR/0	3	3/2	2	2	1,346	1974	$379,900	17
15	P662425	A	15		H	T	Q	CONDO	A	2049 Baymeadows Dr	PLA	84	92870	740B6	OTHR/0	3	3/2	2	2	1,440	1977	$409,900	11
16	P642740	A	13		H	T	Q	SFR	D	405 W Center St	PLA	84	92870	739E7	OTHR/A	5	2/1	1	1	1,897	1939	$424,900	142	*
17	P657867	A	17		H	T	Q	SFR	D	502 Kansas Ave	PLA	84	92870	769D1	OTHR/*	4	2/1	1	2 D	2,011	1955	$439,900	43
18	P650560	A	1		H	T	Q	CONDO	D	1024 Moreno Way	PLA	84	92870	739H7	BLVS/1	3	3/2	2	2	1,800	1994	$447,900	93	*
19	P659177	A	0		H	T	Q	CONDO	D	1728 Pierce Ln	PLA	84	92870	740A6	MARP/3	3	3/2	2	2	1,715	1999	$475,000	34
20	P661552	A	12		H	T	Q	SFR	D	1832 Taft Ln	PLA	84	92870	740A7	OTHR/0	3	3/2	2	2 A	1,768	1997	$499,900	17
21	P648126	A	20		H	T	Q	SFR	D	612 Stanford Dr	PLA	84	92870	739F7	OTHR/D	4	3/2	2	3	2,978	1978	$620,000	108	*
22	S551138	A	6		H	T	Q	SFR	D	103 Harvard Ct	PLA	84	92870	739F7	OTHR/0	4	3/2	2	3	2,700	1999	$649,900	22
23	S543570	A	17		H	T	Q	SFR	D	624 Muro Cir	PLA	84	92870	739H6	MDTF/2	3	3/3	2	3 A	2,617	1995	$650,500	89	*
24	P663020	A	1		H	T	Q	SFR	D	1419 Munoz Pl	PLA	84	92870	739J6	OTHR/0	4	3/2	2	3 A	2,851	1992	$669,900	7

NIC PETROSSI, Placentia Realtor – Placentia Home Sales Way Up! Nov. 1, 2008

Placentia Homes Sales Way Up

   The Orange County Register, our local newspaper, has just reported that home sales in Orange County are up 55% from this time last year.  This number, however, would be MUCH HIGHER if Lansner and his team chose not to include NEW HOME sales which actually do not factor in / weigh in heavily for several cities in Orange County where there are very few new homes for sale. 

If new homes sales were not factored in, the resale single family homes and condos sales would actually be closer to 77% instead of 56%.  Click here to see the chart, look at bottom –> Chart

How did Placentia homes fare since this time last year?  There were 35 homes sold in the 22 business day period ending Oct. 13 which is 75% more homes sold in that same time frame last year.  So, when we read that home sales are up 63% or 56% from last year, we usually don’t think about how that breaks down from city to city.  One area in Anaheim is over 400% higher in sales volume than last year!

What Does this Mean for Us?

   This 75% is significant.  People are buying homes in Placentia.  Although the number of homes sold does not compare to the 2002 to 2004 gold rush frenzy, 35 homes in a 22 day period is very very good.  What we’re seeing is a release of the pent-up demand of “fence sitting” buyers who are now entering the market as they feel that we are close to the bottom (UCLA economists say Summer of 2009).  Instead of the extreme buyers market of the past 2 1/2 years, we’re seeing a stabilization of the market as the pendulum swings and the balance shifts back toward the seller and we’re seeing fewer low ball offers and “bottom feeders” coming to steal a home. 

Why Buy in Placentia?

   Placentia is a city that is passed over.  Passed over for cities like Yorba Linda and Brea as one looks at a map and looks left to right from Fullerton to Brea to Yorba Linda.  Placentia is a small city in relative size to Fullerton and Yorba Linda.  Most people from out of the area don’t even know it exists.  But talk to the people who live in Placentia and you’ll hear a completely different story.  Placentia truly is a “Pleasant Place to Live.”  There are neighborhoods to buy in that rival Yorba Linda and Brea’s finest.  The schools are often equal in peformance than Yorba Linda or Brea —-> Scores.   Or click here –> Scores.

For boundary maps of which neighborhoods feed to specific Placentia Yorba Linda schools, click here —> WEBSITE and go to SCHOOLS link.

Thinking of buying or selling in Placentia, Yorba Linda, Fullerton, Brea or Anaheim Hills, contact me through my website or call the # on my website —>  Click Here.