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

NIC PETROSSI, Placentia Realtor – Market Update Oct 28, 2008 for Placentia Homes & Placentia Foreclosures

Here are the numbers for Placentia homes, condos and townhomes as of October 28, 2008:

Total Active Homes (including condos & townhomes) : 178

Total Active Single Family Homes:  123

Total Active Condo / Townhomes: 54

Total Short Sale Properties (All Property Types) : 53

Total Bank Owned (REO’s) : 29

Total Homes in Escrow (Pending or Backup Offers): 52

Percentage of Homes in Escrow vs. Total Homes on Market:  23%

   This is HUGE because going into November last year, the ratio was about 7%.  Home sales are up 3 TIMES what they were a year ago.  This is a sign that….. A) People are Buying Homes and B) Placentia’s Home Market is Thawing (Warming Up).  The Pent-Up Demand of buyers waiting on the fence is like water against a dam.  People are seeing the stock market is NOT the place to put your money and that real estate has ALWAYS been a sound financial investment over time.  No matter the decade, real estate has always gone up over time.  People who have been trying to time the bottom realize they don’t have to time it perfectly, especially if they plan to stay in the house for more than 2 years. 

For a list of bank-owned REO properties in Placentia, email me at npetrossi@yahoo.com or to search Placentia homes, visit my website —->  CLICK HERE

Boo!…Are You Scared Yet? Thoughts from a Placentia Realtor

Well here we are, it’s almost Halloween and it’s amazing how time flies!

We have seen so much happen in the last 4 years…the housing BUBBLE DEFLATION (the “bubble” is looking more like a deflated jumper on the lawn of a 7 year old birthday party).  We have seen banks scramble as they take back thousands of placentia homes, yorba linda homes and orange county homes back on their books.  We have seen BLACK MONDAY when the stock market plunged with almost unprecedented decreases.  (Scary, but felt almost the same way when I was watched the World Trade Center go down).  It has been a very volatile last few years.  Presently only home owners in North Orange County who bought homes 2003 or sooner have homes worth more than when they were purchased.  It has taken 3 years for homes to go back down to 2004 values.  Now, most buyers who have been sitting on the fence are eyeing the bank owned repos feeling that the best deals are in the foreclosure market.  We’re seeing bank owned foreclosures with attracting multiple offers and agents in our Prudential Brea office are complaining that in some areas they cannot win the bidding war to get their client a home! 

When you have multiple offers, you’re usually near the bottom of a downward trend.  It has taken a long time, but sellers are finally becoming more realistic about the true worth of their home.  Those that are unrealistic or just “testing the waters” of the market are taking their homes off the market when they sit for months and months with no serious offers.  Less people put their homes on the market in September / October / November / December so what we’re seeing is a decrease in inventory for re-sale homes and an increase in the number of buyers entering the market who are hoping to time the “bottom” perfectly (like trying to buy when stocks are at their absolute lowest). 

So, when is a good time to sell?  Answer:  Whenever you HAVE TO.  I’m finding that sellers who HAVE to sell are selling their homes because they’re lowering their prices to attract offers.  Sellers who WANT to sell will not sell their homes unless they’re willing to compete with the HAVE TO sellers and join the elite group who are pricing their homes under market, ahead of the bell curve.  These are the sellers that will look back and be glad they did what they had to do.  Those that played around with trying to get top dollar will be looking back saying, “Gosh darn, I should have been more aggressive.”