Nic Petrossi

3 WAYS TO SELL BEFORE SPRING - BEAT THE RUSH!!!

2012-01-21T13:07:00.000-08:00

As we all know, most people are putting their homes on the market in the Spring and Summer. This is typical, because people don't want to disrupt their kids' schooling and it's better to make the move when the kids are out of school.

The problem with waiting until Spring or Summer is that you are competing with SO many other home owners who are doing the same thing. And, if my real estate math is correct LOTS OF HOMES = PICKY BUYERS + COMPETITION. Why be part of all that? Right now, we still have a shortage of nice properties for tons of buyers who are smart enough to take advantage of the low interest rates and bottomed out market.

So, Nic, how do I do that if I have three kids in school?

Put your home on the market now. It should take anywhere from 1 week to 2 months to get a good offer. If it happens too fast (like in 1 week), then here are a couple of options:

1. Counter back the buyers with a longer escrow. Instead of the typical 30 days, ask for 60 days...or longer. If they really want the home, they'll wait. I personally don't like longer escrows because so much can go wrong and it gives the buyer time to see other options out there. However, in order to beat the "rush" or "flood" of homes that will come on the market in Spring and Summer, this may be the only way to get the home under contract and still be able to extend it out until the kids are out of school.

2. Even better, ask for a "Lease Back." This is where you stay in your home AFTER it has closed escrow and pay the new owner rent until a specified time that you have to be out. This is a good scenario when there is a Buyer who really doesn't care if they get in the home in 30 days or in 4 months. A Lease Back is a short-term lease and is easily taken care of through the use of a C.A.R. form.

If Plan 1 or Plan 2 don't work, then the only other way to sell now would be to move to a temporary location (like Residence Inn), have the money in the bank and be looking. You'll be in good position, non-contingent and ready to go.

For more information on Placentia Homes, Yorba Linda Homes, Brea Homes, Fullerton Homes, Orange Homes, or Anaheim Hills homes, visit http://www.nicpetrossi.com/

2012 - BEST YEAR IN LAST FIVE YEARS TO BUY

2012-01-21T12:51:00.000-08:00

#1 Home prices have finally bottomed out. The "shadow inventory" that everyone talks about is largely in the East Coast, New York, those states. We have gone through most of the "shadow inventory" already in Orange County. We are now through the worst of it. YES!!!

#2 Interest Rates. Interest rates are a hedge against inflation. Inflation is coming, higher prices for food, gas, everything. Interest rates WILL go up (they have to) as a counter against inflation. Right now, I've heard of rates as low as 3 3/4 % for 30 years fixed. WHAT?!?! Lowest in 100 years?

#3 As a return on investment, where can you find a solid 5% to 10% return on an asset that is tangible and can be used for tax write-offs?

#4 MOST people who bought during the crazy "gold rush" days of the housing boom, bought in 2005 and 2006, when it was too late. These people are now possibly looking at short selling their home. The people who bought in 2000 through 2004 are in pretty good shape. People are STILL waiting for home values to drop and won't buy until their friend buys. You will never get a good deal if you jump on the "band wagon" in 2013.

#5 There are still great deals to be had. Yes, there are good deals on standard/regular sales. Yes, there are good deals on Bank Owned/REO's in Placentia, Yorba Linda, Brea, Fullerton, etc. But there are short sales that are going through and sometimes, they are going for CHEAP. Investment opportunities abound. Maybe not as far as "flipping" goes, but as far as picking up rentals, holding onto them for positive cash flow and then having an asset to liquidate in the future.

NIC with Excited Buyers of East Lake Village Yorba Linda Home! Funny Video

2010-12-19T13:25:00.000-08:00

1111 Melia Place Video / Virtual Tour

2010-11-28T17:56:00.000-08:00

CLICK THE PHOTO BELOW TO VISIT VIRTUAL TOUR

1111 Melia Place in Alta Vista Golf Course Community, Placentia CA

4 Bed / 3 Bath / 3200 SF / Salt Water Pool & Spa / Over $550K in Upgrades

$878,000 Asking Price

Nic Petrossi and Prudential Fine Homes International proudly present 1111 Melia Place, a Placentia HQT Luxury Home

2010-10-03T12:15:00.000-07:00

Placentia Homes and Real Estate for Sale with Placentia Realtor Nic Petrossi, Nic also sells Yorba Linda Homes, Brea Homes, Fullerton Homes, Anaheim Hills Homes and all of Orange County Homes!

Placentia Homes1111 Melia

I am extremely excited to showcase my newest listing - 1111 Melia Place, a Unique and Extremely Upgraded Estate in the distinguished Alta Vista golf course community. Over $550,000 worth of carefully planned upgrades. One of very few HQT Placentia homes in tract that has private pool & spa. Pie-shaped lot on end of cul-de-sac is one of 3 largest in tract, with over $200,000 worth of upgrades in tropical entertainer's delight backyard alone w/ massive s.y. Expansive backyard w/ colored stamped hardscape, salt water stack stone pool, tiered double level spa, water features, 30+ lights and sconces for night-time entertaining, mature queen palms, and a Jandy Aqualink system to control it all from inside! Crown moulding in every room, wrought iron and granite seemingly everywhere. Elegant formal dining with wrought iron chandalier and granite-accented butler's pantry. High-End Moen fixtures, Surround Sound, 18' Porcelain Tile, soaring vaulted ceiling, wrought iron bannister & travertine stairs. Owners have had over 100 guests comfortably, absolute entertainer's dream. Incredible property - too many upgrades to mention!!!

Visit my Facebook page to communicate with me and find my latest listings! ----> Nic's Facebook

FOR MORE PHOTOS....VISIT http://www.nicsellmyhome.com/ AND CLICK ON NIC'S LISTINGS TO FIND MELIA.

5 Tips for Buying a Home

2010-08-23T15:40:00.000-07:00

The following 5 tips are based on years of looking with buyers for homes:

#1 WRITE DOWN 5 THINGS YOUR HOME MUST HAVE. There is no perfect home out there (unless you have $1.5 Million to build your custom dream home), so get over the dream world scenario of the perfect home. Every home will have some things you DON'T like about it, so focus in on the 5 things that it HAS to have...below is an example of someone's "must have" list:

1. Single Story
2. Large Backyard, Room for Kids to Play
3. Downstairs Bedroom and Bath
4. Cul-De-Sac Location
5. 3 Car Garage

If you feel you need to add a couple items and make it 7 things your next home must have, then that's ok, but don't go crazy with the list because the reality is - it's highly unlikely your next home will have everything you want. In fact, you'll probably have to compromise a few things that seemed like non-negotiables at the start of your search.

#2 GET PRE-QUALIFIED TO FIND OUT (REALLY) HOW MUCH YOU CAN AFFORD. This should actually be Step 1 on the list because it is a waste of time looking at homes on the Internet and teasing yourself at Open Houses if you simply cannot afford those homes. It's ok to dream, but then move on and deal with reality. Find a good lender (I have a few I would recommend) and tell them your whole life story so they can run your credit, assess your income and debt ratio, and give you a ballpark of what price range you should be looking in.

#3 YOU DON'T HAVE TO BUY A HOME AT THE TOP OF YOUR AFFORDABILITY RANGE. It's ok to be Pre-Qualified for a $700,000 purchase price and to look at homes that are $600,000. It's actually wise to buy a place that is under your max purchasing power because then you aren't over-extending yourself and eating beans and rice and McDonald's as a treat. If the economic woes of the U.S. has taught us anything, it's to be cautious with our spending and to have reserves and savings to fall back on when the money gets tight.

#4 LET YOUR REALTOR FIND THE HOME. I know you love looking online at homes, but the problem is, when you send homes to your Realtor that you found on Zillow.com, ZipRealty or some other website, the homes are often off the market or short sales with offers on them and so your Realtor can screen the homes and send you homes that are actually on the market and are available. This will save you (and him or her) a lot of headaches and wasted time. If your Realtor isn't sending you homes or hasn't been aggressively looking for you, it's time to find another Realtor.

#5 GET A REALLY GOOD IDEA OF WHAT THE HOME IS WORTH BEFORE MAKING AN OFFER. I've learned that most of my buyers want to place low-ball bids on properties regardless of what the property is worth. A good Realtor can research the homes in the area and find out whether it makes sense to go really low, a little low, at asking price, or even HIGHER than asking price depending on the situation. There are times when I've advised my clients to offer much lower than the asking price since the home seemed to be priced way too high for the current market. There are times when I've advised them to offer ABOVE asking price because an agent priced the home so low that it was obvious it would go for $30,000 to $50,000 above asking price. This comes down to trust in your Realtor. Many times I've advised my clients and they did not follow my advice and end up losing out on the property. I say this with all humility, but I'm more often right than wrong with pricing because that's what I do for a living - I'm skilled at knowing the market and what makes sense as an offer. However, I cannot force someone to follow my advice. If you trust your Realtor, please do me a favor and listen to their advice. I've seen people lose out on properties and then say that it wasn't meant to be....maybe it would have been had they listened to their Realtor!

Comments are welcome.

ALTA VISTA GOLF COURSE HOME IN PLACENTIA

2010-07-12T13:43:00.000-07:00

Nic's newest listing - 974 Pebble Beach on the private Alta Vista Golf Course in Placentia.

One of only three model homes, this 2700 square foot residence boasts 4 Bedrooms (with a 5th bonus/office as possible bedroom), 3 Bathrooms, with upgrades throughout. Granite and Kitchen Aid appliances in Gourmet Kitchen, "Whole House" Surround Sound Speaker System, Gorgeous Paint Tones throughout, Italian Stone Shower and Jacuzzi Jet Tub in Master, Custom Window Treatments, Decorative Accents, Custom Stone flooring, Extremely Clean, Master with huge retreat area and large walk-in closet, Formal Dining with Vaulted Ceiling... Virtual Tour:

Nic's Newest Listing in Placentia

2010-06-29T16:11:00.000-07:00

530 Massachusetts Lane, Placentia

This 3 Bed, 2.5 Bath single family detached home is situated in the coveted gated community of Granada Park at the corner of Alta Vista and Kraemer. Upgraded beveled glass double doors welcome you to one of S&S Construction's finest designs - the Plan C "Seville" Model.

This fantastic home features:

Genuine Hardwood flooring, upgraded recessed lighting and ceiling fans, new dual pane vinyl windows upstairs, remodeled master bath with travertine and over-sized shower. Remodeled kitchen includes: granite countertops, recessed lighting, GE Profile, Kenmore Elite and Dacor stainless steel appliances, plenty of cabinet space. The side courtyard and grassy area affords plenty of space for summertime BBQ'ing and relaxation. 4" Baseboards throughout, scraped and textured ceilings and textured interior walls. Tasteful interior paint scheme and direct access to home from two car attached garage. HOA includes pool, spa (walking distance) two tennis courts, exterior dwelling insurance coverage and Cable TV. Call Nic to schedule an appointment or to put YOUR home on the market. Tis the summertime season to list with Nic! 714 272 3646

Interest Rates Update 6/28/2010

2010-06-28T09:55:00.000-07:00

Conventional Rates:
Loan Amounts from $100,000 to $625,500 depending on County Loan Limits

30 Year FIXED @ 4.500%
30 Year FIXED @ 4.750% "Stimulus Pricing for Loan Amounts from $417,001 to $625,500"
20 Year FIXED @ 4.500%
15 Year FIXED @ 4.000%
10 Year FIXED @ 4.000%
5 Year ARM @ 3.750%

JUMBO Rates:
Loan Amounts from $417,001 to $2,000,000

30 Year FIXED @ 6.000%
5 Year ARM @ 5.000%

FHA & VA Rates:
Loan Amounts from $100,000 to $625,500 depending on County Loan Limits

30 Year FIXED @ 4.500%
30 Year FIXED @ 4.750% "Stimulus Pricing for Loan Amounts from $417,001 to $625,500"
30 Year FIXED @ 5.000% "Streamline Refinance"
5 Year ARM @ 3.750%

KEEP IN MIND....THESE RATES ARE FOR "A" PAPER CREDIT...WHICH SOME LENDERS SAY IS 720 AND ABOVE, FOR LOWER CREDIT, RATES MAY BE HIGHER.

BREA, PLACENTIA, YORBA LINDA and ANAHEIM HILLS...Which city wins the "Best Ratio for Homes in Escrow" Contest?

2010-05-10T20:39:00.000-07:00

As of May 10th, 2010... How many homes are actually on the market in Placentia, Yorba Linda, Anaheim Hills and Brea? (When I say homes, I'm referring to detached single family residences, or SFR's).

Here's the breakdown...you may be a little surprised at the ratios:

PLACENTIA (A Pleasant Place to Live)
125 TOTAL homes on the market
75 of these are ACTIVE and
50 are IN ESCROW

For you statisticians out there, that's 40% of all single family homes on the market in Placentia are currently IN ESCROW. That's really a very high percentage.

YORBA LINDA (The Land of Gracious Living)

372 TOTAL homes on the market
234 of these are ACTIVE and
138 are IN ESCROW

The ratio? That's 37% of all the homes on the market are in escrow. Again, not bad, considering it was 12% back in 2007.

BREA

110 TOTAL homes on the market
63 of these are ACTIVE and
47 are IN ESCROW

The ratio for Brea? 43% of the homes on the market are in escrow. The highest percentage out of Placentia, Yorba Linda and Brea, but not by much.

ANAHEIM HILLS

189 TOTAL homes on the market
118 of these are ACTIVE and
71 are IN ESCROW

Drum roll please.....38% of all Anaheim Hills detached SFR's are in escrow as of today. So, the city rankings: #1 Brea, #2 Placentia, #3 Anaheim Hills and #4 Yorba Linda.

HAFA Coming April 5th, Must Use Local Realtor for Short Sale

2010-03-26T10:59:00.001-07:00

Yorba Linda Home Prices Finally Coming Back!

2010-03-06T16:00:00.000-08:00

Zillow Home Value Index

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Nic Petrossi & Prudential Real Estate Listing Video

2010-01-06T11:03:00.000-08:00

Nic Petrossi, Virtual Tour of 904 Spyglass Place in Alta Vista South

2009-11-12T16:30:00.000-08:00

Click Link Below for Nic Petrossi's YouTube Channel

2009-11-12T16:25:00.000-08:00

http://www.youtube.com/user/npetrossi#p/u/5/5JzNZO1mSDk

Placentia Homes Update: Market Update

2009-11-12T15:56:00.000-08:00

The following is a Market Update as of 11/12/09 for the city of Placentia:

# of Active Listings: 83
# of Homes in Escrow: 103
# of Closed Sales last 30 Days: 38
# of Condos currently for sale: 18
# of Single Family Homes currently for sale: 65
LP/SP (List Price to Sold Price) ratio for October: 99.95%

Boo!!! - Is the End of 2009 Going to Be Scary???

2009-10-27T13:32:00.000-07:00

This chart shows the US unemployment rate for the last 30 years. It is good to look at a larger span of history since a cursory glance at year-over-year since 2000 would be scary. But looking at the "bigger picture," we see that we're actually in a normal cyclical pattern of job loss and jobs gained. Interestingly, the peaks for unemployment were 1983, 1993 and 2003...ever 10 years, on the money. We see dips in the unemployment (job gains) in between those horrible peaks. Now in 2009, we're seeing a peak coming that is earlier than the normal 10 year pattern. So, comments are welcome as to why that may be and where you think we're headed from here. However, knowing that there are dips and valleys and peaks and mountains gives us more of a broader paint brush stroke over the whole of U.S. unemployment. In the days of FDR, the government stepped in and created jobs for Americans. It's hard to say if that will happen again or if it really needs to happen, but what the government is doing is trying to help Americans stay in their homes by keeping the interest rates low, imposing 3 month moratoriums for possible refi/loan mods. It's one thing to lose your job. It's another thing to lose your job and your home.

MOUNT EVEREST & DEATH VALLEY

The chart to your left shows U.S. Consumer Confidence over the last 30 years. As you can see, we are now in a sharp dip, the lowest in the last 30 years. The latest results from the Conference Board Consumer Index shows that consumer confidence for the month of October is down from August and September. This looks like bad news heading into the Christmas shopping season. However, the reading for October is just under 50. To give you an idea of what that means...at the beginning of 2008, the reading showed 87.9. In the first and second quarters of 2007, the reading was well over 100. The whole YEAR of 2006 saw readings over 100 points. March of 2003 showed the lowest reading in recent history with 61.4 points. The year 2000 was the peak of consumer confidence...and I mean Mount Everest! Every month in 2000 was over 128 points with highs of 144.7 in January and May of 2000. We are now back down to early 1990 levels. 1991 and 1992 showed very, very low levels of confidence taking a dramatic drop in the middle of 1990 and not really recovering until 1994. The Consumer Confidence Index is a huge factor when evaluating our present economical situation. If Americans aren't spending, businesses suffer. When businesses suffer, American lose jobs. It's just that simple. We are presently in a "Death Valley" of consumer confidence - which makes perfect sense. The unemployment rate is through the roof, several of the homes sampled for this data were those of unemployed people or people who had lost their jobs, especially since people who tend to respond to long surveys usually are those who have a ton of time on their hands, like maybe they don't have a job. Needless to say, people who don't have a job aren't going crazy this Christmas. The economy will continue to see a slump and until the blood-letting is slowed down, we won't see a shift in the overall U.S. economy for some time.

Is this a dismal outlook? Well, it's realistic, but I wouldn't say dismal. I believe that we'll see a slump that will last a few more years and then a rebound of consumer confidence that will hit the 90s and even into the 100 marks by 2012. We are seeing a wake up call for Americans. No more pulling equity out of your home to finance vacations and toys, no more pulling equity from a home that could possibly decrease in value in the future. No more getting buried in credit card debt to our shoulders. Americans will be more cautious in the future because many have learned their lesson the hard way. It's a bitter pill to swallow, but at least America will see a return to saving and conservatism financially. Maybe we'll see that 0.5% national rate for saved income go up to 5% or 10%. Maybe we'll see our country crawl and climb and scratch its way out of debt. Only time will tell.

ORANGE COUNTY HOME PRICES ON THE RISE

2009-10-14T13:20:00.000-07:00

DATAQUICK REPORTS FIRST YEAR-OVER-YEAR GAIN FOR O.C. SINCE 2007

According to the Los Angeles Times in an article in Business Section on Oct. 14,2009 Orange County home values have seen the first year-over-year gain since 2007. From $425,000 in September of 2008 to $429,000 in September of 2009. The article cites tax breaks, low interest rates, and pent-up demand as the factors creating a stabilization of home prices in Orange County. One economist said, that if prices DO fall again, it won't be more than 15% max.

Are the foreclosures going to continue to pull down home values?

Although Orange Countians will continue to go into default on their mortgages, the number of foreclosurs has declined DRAMATICALLY since the same month last year. ForeclosureRadar, an online source for NOD data, reports foreclosures are down 42% from the same month last year. The decrease in bank repos has led to a reduction in inventory, which has tipped the scales in favor of demand over supply. The inventory for homes, especially in the middle-to-upper price ranges has been steadily declining. Overall, there is just less out there for picky buyers to choose from. Several agents in my office at Prudential California Realty in Brea are reporting multiple offers (sometimes in excess of 20 offers) on properties in the lower price ranges (under $500K). What does this mean? A stabilization of the lower end market. History tells us that the stabilization will creep up into the middle ranges and eventually even the luxury homes.

Click on PLAY button below to see an example of a VIRTUAL TOUR, cutting edge real estate from NIC PETROSSI in an Internet Age.

SELLING YOUR HOME WITH VIRTUAL TOURS & FLOOR PLANS

2009-10-13T13:38:00.000-07:00

WELCOME TO THE FUTURE OF REAL ESTATE: VIRTUAL HOME TOURS

NIC PETROSSI (714) 272-3646

WHY ARE VIRTUAL TOURS AWESOME?

Since it's as easy as a "click" to see the inside of your home, more Potential Buyers are inclined to see your home creating greater exposure.
It's like an OPEN HOUSE, but online.
It enables a niche of ultra-busy potential buyers the opportunity to view the selling features of your home without leaving the comfort of their own home.

According to the official Alta Vista South HOA website, Alta Vista South is comprised of 214 upscale single family homes. Among other things, the community website offers a calender of community events, information regarding the property management company (South Coast Property Management in Costa Mesa), and the CC&R’s, By-Laws, and other legal documents available for download.

The Alta Vista South Homeowner’s Association is made up of 5 tracts of homes: HQT, Bel Maison, William Lyon Homes, Biscayne, and Highpoint. Below is a list of each tract with general spec’s for each floor plan. Actual floor plans are available upon request by contacting Nic Petrossi at (714) 272-3646 or email npetrossi@yahoo.com

NIC PETROSSI, Prudential California Realty (714) 272-3646

Bel Maison

Plan One 4 Beds 3 Baths 2,698 SF 2 Car Garage
Plan Two 5 Beds 3 Baths 2,628 SF 3 Car Garage
Plan Three 5 Beds 4 Baths 2,901 SF 3 Car Garage
Plan Four 5 Beds 3 Baths 3,192 SF 3 Car Garage

Bel Maison architecture is unique in that the builder Saddleback Pacific Homes, incorporated French Chateau elements. Passers-by will often refer to these homes as the “Castle Homes” due several of the homes having a castle-like cylindrical turret and stone edifice.

Streets in Bel Maison are: Underhill, Dickinson, Brady, Lowe, Newman, Hunt, and Olson. (Named after Placentia City Council members around the time of construction).

Lyon Homes

Residence One 4 Beds 3 Baths 2,533 SF 3 Car Garage
Residence One (1) 4 Beds 3 Baths 2,613 SF 2 Car Garage
Residence One (2) 4 Beds 3 Baths 2,693 SF 2 Car Garage
Residence Two 4 Beds 3 Baths 2,775 SF 3 Car Garage
Residence Two (alt) 4 Beds 3 Baths 2,949 SF 2 Car Garage
Residence Three 5 Beds 3 Baths 3,002 SF 3 Car Garage
Residence Three (1) 6 Beds 3 Baths 3,200 SF 3 Car Garage
Residence Three (2) 6 Beds 3 Baths 3,354 SF 2 Car Garage

Summarily, the difference in square footage between a Residence Two and a Residence Two (alt) for example, is due to either the absence or presence of a 3 Car Tandem garage. The area used for the 3rd car is optional and if the home does NOT have the tandem, it will have more square footage.

Streets in Lyon Homes: Torrey Pines, Quail Run, Augusta, and Spyglass.

HQT Homes

Residence One 3 Beds 2.5 Baths 3,233 SF 3 Car Garage
Residence One (alt) 4 Beds 2.5 Baths 2,408 SF 2 Car Garage
Residence Two 4 Beds 3 Baths 2,266 SF 3 Car Garage
Residence Two (alt) 4 Beds 3 Baths 2,366 SF 2 Car Garage
Residence Three 5 Beds 3 Baths 2,448 SF 3 Car Garage

Streets for HQT Homes: Bay Hill, Pebble Beach, Doral, and Firestone.

HighPoint

Plan One 4 Beds 3.5 Baths 2,693 SF 3 Car Garage
Plan One (alt) 5 Beds 4.0 Baths 2,851 SF 2 Car Garage
Plan Two 4 Beds 4.0 Baths 2,917 SF 3 Car Garage
Plan Two (alt) 5 Beds 4.0 Baths 3,087 SF 2 Car Garage
Plan Three 4 Beds 3.0 Baths 3,081 SF 3 Car Garage
Plan Three (alt) 5 Beds 3.0 Baths 3,201 SF 3 Car Garage

Streets for HighPoint: Maertzweiler, Black, Melia, Little, Soto

Biscayne

Unfortunately, the floor plans are not available at this time for the Biscayne models. Streets are Cline, Faley, Thomann, Atchley, Robertson, Snow, Kemp, Black, and Maertzweiler. (Parts of Black and Maertzweiler shared with HighPoint).

Alta Vista South Placentia: Schools and Boundary Maps

2009-10-13T13:33:00.000-07:00

The following are the elementary, junior high, and high schools for the Alta Vista South neighborhood homes. School boundary maps can be found at my WEBSITE through the “School Boundaries” link, or click here —–> Placentia Yorba Linda School Boundaries.

Elementary: Tynes

Junior High: Kraemer (Kraemer is technically a “Middle School” with Grades 6 through 8)

High School: Valencia

Tynes API score is 7; raw score is 805 out a possible 1000, which means the school performed better than at leat 70% of other elementary schools statewide. For a detailed Academic Accountablity Report for Tynes, click here —–> REPORT Although this blog was posted August 31, 2009, the latest scores available are from 2007. School performance may have increased or decreased since 2007.

Kraemer API score is a 6; raw score is 749 out a possible 1000, meaning the school performed better than at least 60% of other elementary schools statewide. For a detailed Academic Accountability Report for Kraemer, click here —> REPORT Results of this report are from 2007. School academic performance may have increased or decreased since then.

Valencia API score is 758 out a possible 1000. Valencia’s school accountability report is very difficult to find on the school website. However, the school is not hiding anything: it is one of the top high schools in Orange County with its highly acclaimed International Baccalaureate Program, VAL-Tech Program for rigorous technology training, and Honor Society. Valencia High School has an energetic, enthusiastic teaching staff, committed to promoting excellence and student achievement. (Having a daughter of my own attending Valencia, I am impressed by the pride and commitment to excellence embodied in its staff).

Looking to sell YOUR home??? Call NIC PETROSSI at (714) 272-3646 or email: npetrossi@yahoo.com

CALIFORNIA SEEN AS HOTTEST HOME MARKET IN 2010…

2009-10-03T01:41:00.000-07:00

This was the headline in a small Orange County Register article, penned by Jonathan Lansner on July 28th. The source of the claim is FiServ, who are responsible for the Case-Shiller home price indexes. They are forecasting home prices rising 5.7% in 2010. Remember, this comes after home prices falling 48.5% from 2006. (According to OC Register and their source is Dataquick). In fact, the May index posted its first rise in home price nationally since the summer of 2006 and this index is comprised of a 20-city index. What can we get from all of this? Well, guarded optimism is a safe bet. The index measures price data in only 20 metropolitan areas, but that would seem more than enough for a thumbnail sketch of where the market is going. According to the Register News Service, these numbers matter because, “Investors closely watch the Case-Shiller to gauge the level and direction of home prices.” According to Maureen Maitland, Vice President of S&P’s index services, “We may be on the way to recovery…It will take a couple more months to see if we have turned around.” The bottom line is we appear to be on our way. Would be investors, first time buyers, and move up buyers may well be advised to start looking for that property they want. Interest rates remain very attractive, but are sure to go up in the future. Why? Remember the bailout? There is the likely possibility that as we start paying for that, inflation will rise eventually, and that means interest rates will rise. No one knows exactly when. But there is another good reason to get out there and look.