The chart to the right represents UCLA's prediction of median home price and percentage gain or loss up through 2013
The California Association of Realtors (C.A.R.) is estimating another 6% drop in home prices up into 2009.
In real estate, timing is everything and we … (0 comments)
yorba linda homes: NIC PETROSSI, Top Yorba Linda Real Estate Agent - Market Update Oct 28, 2008 for Yorba Linda Homes & Yorba Linda Foreclosures
- 10/28/08 08:40 AM
Here are the numbers for Yorba Linda homes, condos and townhomes as of October 28, 2008: (This is for 92886 and 92887 zip codes combined) Total Active Homes (including condos & townhomes) : 368 Total Active Single Family Homes: 309 Total Active Condo / Townhomes: 58 Total Short Sale Properties (All Property Types) : 69 Total Bank Owned (REO's) : 12 Total Homes in Escrow (Pending or Backup Offers): 92 Percentage of Homes in Escrow vs. Total Homes on Market: 20% This is HUGE because going into November last year, the ratio was about 7%. Home sales are up almost 3 TIMES … (1 comments)
yorba linda homes: How to Get Buyers
- 10/23/08 10:58 AM
I believe we can help each other by sharing ideas. I am in Orange County, CA. The way I get buyers is mainly through Open Houses, calls off my yard signs, referrals and once in a while from my website ----> Click Here Let us know how YOU get MOST of your buyer leads and buyers for your real estate business.
A) Open Houses B) Yard Sign Calls C) Referrals D) Door Knocking Prospecting E) Mail-Outs F) Internet Advertising (Website, etc.)
… (10 comments)
yorba linda homes: October 2008 Market Update on Yorba Linda Homes from a Yorba Linda Realtor
- 10/20/08 05:42 AM
Total Active Homes on the Market (Single Family + Condos) = 395 Total Active Single Family Homes on Market = 326 Total Active Condos/Townhomes on Market = 68 Total Short Sales on Market = 70 Total Bank Owned Foreclosures on Market = 12 Total Homes in Escrow = 90 Total Homes Closed Since Sept 20th, 2008 = 37
Search for Yorba Linda Homes and Yorba Linda Foreclosures on my website -----> CLICK HERE … (1 comments)
yorba linda homes: SIGN RIDERS -- What SHOULD you put on there???
- 10/17/08 09:49 AM
" I'M GORGEOUS INSIDE " " COME ON IN " " I'M CUTE INSIDE " " BEST DEAL IN TOWN " Question: What IS the right sign rider for your listing? My advice is to stay away from the cute sayings and stick to the basics. If the home is single story, advertise that because there is a huge population of buyers looking for single story homes. If it is completely remodeled inside, advertise it -- " COMPLETE REMODEL " If there is RV parking, use that, a pool? throw it up there " POOL / SPA " These aren't … (7 comments)
yorba linda homes: Follow People Around at Open Houses?
- 10/15/08 10:18 AM
When I first got into real estate, I would follow people around my Open Houses. I'd ask them questions, especially the one they really love to hear, "Are you working with a Realtor?" (That always makes them comfortable). It took me awhile, but I finally realized something -- people don't like to be followed around and people don't like to be bugged and people don't like to be harrassed by a Realtor. That kind of smothering is what gives Realtors a bad name! So, here is how I handle it now -- I let people go wherever they want to go. … (9 comments)
yorba linda homes: Nic Petrossi / Top Placentia Realtor / Top Yorba Linda Realtor 's Take on Bail Out Plan
- 10/08/08 02:31 PM
$700 Billion....what does this mean for values of Placentia homes, Yorba Linda homes, Brea homes, and Orange County homes in general? Well, first of all, I want to address Senator John McCain's response to the question asked in the debate on Tuesday, October 7, "What are you going to do to help our economy?" The answer was something to this effect -- (For the government to) Buy up all those bad loans in America." Why is this significant? Though foreclosures in Orange County (and the rest of America for that matter) are still going to be commonplace in 2009-2010, the ability … (1 comments)
yorba linda homes: Tip for New (and experienced?) Agents from a Placentia Realtor / Yorba Linda Realtor
- 10/04/08 08:50 AM
When I started my career real estate, I wanted to do EVERYTHING in terms of marketing. I wanted to do the postcards, the newsletters, my wife is a runner so we had a booth at the 5K and 10K races. I did the internet advertising for a Schools website that promised me leads. What this added up to was more money, more money, more money. This was dangerous since a HUGE chunk of the money from the few deals I had were going to marketing ideas that DIDN'T WORK and yielded nothing for me in terms of business. So, what do … (10 comments)
yorba linda homes: Placentia Yorba Linda Schools (Elementary) API Scores for 2007
- 10/02/08 11:25 AM
Although there are several important factors when deciding on a school for your children (location, demographics, calendar, etc.), the Academic Performance Index (API) standardized test is a measure of school performance and progress. Scores range from 200 to 1000. A score above 800 is considered very good comparatively, and a score above 900 is considered extremely good or excellent in comparison to other schools statewide.
API ranks by school:
Brookhaven Elementary 893 Bryant Ranch Elementary 902 Fairmont Elementary 888 Glenknoll Elementary 881 Glenview Elementary 818 Golden Elementary 902 Lakeview Elementary 906 Linda Vista Elementary 877 Mabel Paine Elementary 802 … (0 comments)
yorba linda homes: "Simple is as Simple Does" -- Forrest Gump
- 10/02/08 05:32 AM
With so many homes on the market and so few qualified buyers... WHAT sells homes? This is Fall, 2008...buyers are looking for a deal, and rightly so. Depending on the areas/cities they're looking in, they could have potentially hundreds of homes to choose from in their price range. Also, they're starting to ask the question, "How many days on the market?" clueing in to (and capitalizing on) the desperation of some sellers. For example, homes in placentia and homes in yorba linda have an average days on market is over 90. So, they're after deals. Deals are often REOs...... And if … (2 comments)
yorba linda homes: Welcome to the 21st Century -- the NEW Real Estate Marketing
- 10/01/08 09:57 AM
Times are changing... Some day you will no longer see... Printed Flyers Just Listed Postcards Newspaper Advertising Magazine Advertising We are in the age of technology...the digital age...the Internet age. What is going on now? What will we see in the future? Pod-Casting Listings (See my example) Pure Internet Advertising (Zillow.com, Realtor.com, Yahoo! Real Estate, Front Door, Google Base, Homes.com, Trulia.com, Cyberhomes.com, etc.) Video Stream on Agents' websites (example) Text Messaging to get info on Listings (code and # on sign rider will even give you interior photos)....click to check out this company --> Wham Mobile. Times are changing, and the … (5 comments)
yorba linda homes: What's Going with Placentia Homes, Yorba Linda Homes & Orange County Real Estate in March, 2008
- 03/19/08 01:06 PM
(The following was a response to a potential buyer who expressed his opinion that the market is going to come way down in the next 6 months to 1 year) I think prices will continue to come down, but not to the extent that most of the public thinks. Think about this - if the prices come down too much, 75% of all homes bought 2004 and later will be worth less than purchased. This won't happen. We're seeing the results of "pent-up demand" here at the Brea office...tons of buyers who have taken the "wait and see" stance for the last couple years are now … (1 comments)
yorba linda homes: March 2008: Great Time to Buy???
- 03/19/08 06:27 AM
March 2008: Great Time to Buy??? The Feds just cut the prime rate today by .75% The trend has been for the long term mortgage rates to rise when cuts like this come to slow down inflation, but then the long-term rates tend to dip shortly thereafter...a loan officer associate of mine just did a loan for a gentleman for 5.75% with NO points on a 30 year fixed. Here are 3 Reasons it IS a good time to buy a home today: 1) Interest rates are creeping below 6% for a 30 year fixed. A percentage point in difference on your loan interest … (2 comments)
yorba linda homes: Short Sale vs. Bank Owned...a Realtor's Opinion
- 03/15/08 05:06 PM
For years you've heard the real estate lingo and recently you've been hearing the terms "bank owned," "foreclosure," "REO," and "short sale." For many, there is confusion regarding these terms and for some, they often interchange the terms as if they are all the same thing. Here is a brief description of Short Sale properties vs. Bank Owned properties vs. Traditional, or Regular Sale. Short sales: Owner is upside down with the loan and the house is being sold for less than what is owed...banks take forever to negotiate price or to even let you know if you have a chance. Bank Owned: House went through … (6 comments)
yorba linda homes: I'll Never Pay 6% Commission!!!
- 02/22/08 04:00 AM
This week, I received an email from an invidividual who simply asked, "Nic, I'm thinking of selling my home, what is your lowest you can go in commission?" The following was my reply to that email: Let's say your home is worth $750,000 (for discussion sake). The difference for 1% at that price would be $7,500. That may sound like a good amount, but when you have the wrong Realtor listing your home and they give you 4.5% or 4% commission, it seems like you saved money, but in reality, when they don't market your home online, having the connections, do the Open Houses, possibly photography and home … (4 comments)
yorba linda homes: What are Placentia, Yorba Linda, Brea Home Buyers Saying Today? February 19, 2008
- 02/19/08 04:32 AM
Reflecting on an Open House this weekend (both Saturday and Sunday) on Tangerine Place in Olinda Ranch, I noted several "lookers" who came throught the door making the following comment: "We sold our house, we're renting and we have a down payment for our next purchase." Although buyers today know that they are in the proverbial "driver's seat," they also know that they have a much stronger negoiating position when they submit a non-contingent offer. In other words, they don't have a home to sell before the deal can go through. In real estate circles, we know that the purchase of a non-short sale … (0 comments)
Yorba Linda Homes Voice and Area Expert Nic Petrossi Facts and Updates of Yorba Linda Homes, Placentia Homes, Brea Homes, Fullerton Homes, Anaheim Hills Homes, Orange Homes, and Surrounding Areas. First Time Home Buyer Program info, Placentia Yorba Linda school boundary maps, API scores for all Placentia Yorba Linda schools, lists of foreclosures for Yorba Linda, Placentia, Fullerton, Brea, Anaheim Hills. Specializing in fine homes luxury estates and giving you up-to-date information on the latest in the local Orange County real estate market.
Contact me, your favorite Yorba Linda Realtor through my website !!! -----> CLICK HERE
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