As of January 23, 2009, there are 241 properties on the market in Anaheim Hills. Of these 241 properties, 15 are bank owned and 85 are short sales (subject to lender approval). Interestingly, 21 bank owned properties went into escrow in the last 30 days. This means that demand for bank owned foreclosures in Anaheim Hills (and most of Orange County) is higher than supply. To receive a list of the active bank owned properties currently on the market and to receive daily notifications of new bank owned listings, register at www.OCBankDeals.com  Bank owned properties are priced aggressively and often solicit multiple offers. It's important to carefully research and understand this market. Nancy Moeller, CPA, Realtor Seven Gables Real Estate 714 276-7006 ALL PROPERTIES IN ANAHEIM HILLS Prope... 01/23/2009

I will be adding more data all the way through to December 2008 and also be keeping you updated on the complete Data for 2009. Please drop by regularly for new Data   Inventory In Months' Supply Mar 10 2008 Comparing Anaheim to Nearby Communities All Residential Properties     Inventory In Months’ Supply–Mar 10, 2008 All Residential Properties Anaheim   Active -To -Pending Ratio – Mar 10, 2008 Comparing Anaheim to Nearby Communities All Residential Properties Pricing Reality For Sellers – Mar 10, 2008 List Price Per Square Foot by MLS Status All Residential Properties in Anaheim   Sale Price Per Square Foot Comparing Anaheim to Nearby Communities Sales Closing 12 Months Ending March 6, 2008 All Residential Properties in Anaheim Monthly Listings Taken and Absorbed All Residential Propert... 01/23/2009

  I will be adding more data all the way through to December 2008 and also be keeping you updated on the complete Data for 2009. Please drop by regularly for new Data   Inventory In Months' Supply Feb 13 2008 Comparing Anaheim to Nearby Communities All Residential Properties     Inventory In Months’ Supply–Feb 13, 2008 All Residential Properties Anaheim   Active -To -Pending Ratio – Feb 13, 2008 Comparing Anaheim to Nearby Communities All Residential Properties Pricing Reality For Sellers – Feb 13, 2008 List Price Per Square Foot by MLS Status All Residential Properties in Anaheim   Sale Price Per Square Foot Comparing Anaheim to Nearby Communities Sales Closing 12 Months Ending February 6, 2008 All Residential Properties in Anaheim Monthly Listings Taken and Absorbed All Residential Pr... 01/22/2009

Unconventional Tip  #1:  Don't ignore overpriced listings in your home search In fact, these may be the best properties in the marketplace. Why? Because no one is looking at them because they are overpriced! This gives our prudent buyers advanced access to properties that are not currently on anyone else's radar. This expands the choices for buyers. In addition, these properties are likely the nicest properties on the market. Are you saying to pay over market value? Of course not. (You must not know me yet) I would simply base our offer on market value, not listing price. I would provide adjusted comparables and present my buyer's offer with solid facts to support our price. The seller will either say yes, no or counter. If they say "no" ... no big deal.  Later, when they reduce their p... 01/22/2009

  I will be adding more data all the way through to December 2008 and also be keeping you updated on the complete Data for 2009. Please drop by regularly for new Data   Inventory In Months' Supply Jan 6 2008 Comparing Anaheim to Nearby Communities All Residential Properties     Inventory In Months’ Supply–Jan 6, 2008 All Residential Properties Anaheim     Active -To - Pending Ratio – Jan 6, 2008 Comparing Anaheim to Nearby Communities All Residential Properties Pricing Reality For Sellers – Jan 6, 2008 List Price Per Square Foot by MLS Status All Residential Properties in Anaheim   Sale Price Per Square Foot Comparing Anaheim to Nearby Communities Sales Closing 12 Months Ending January 4, 2008 All Residential Properties in Anaheim Monthly Listings Taken and Absorbed All Residential Prop... 01/22/2009

I need to connect with a Chinese-speaking tax professional.  I've been introduced to a gentleman who wants to start investing in real estate, but does not speak English.  I don't know of a specific dialect need he has, I am just told he needs someone who speaks Chinese to help him with his investments. Because he intends to invest in non-owner occupied properties, I am looking for a Chinese-speaking tax professional. 01/21/2009

Have you heard about Ameridream Down Payment Assistance? Do you know what down payment assistance is and how it promotes homeownership? Down payment assistance is a tool that aids in achieving homeownership, by eliminating the necessity for a qualified individual or family to produce his or her own down payment. The down payment is gifted through AmeriDream’s Home Fund and “funded, in part, by home sellers.1” I received an update from AmeriDream this morning with the following bits of information: “Bipartisan legislation was introduced by Congressman Al Green to reauthorize DPA. This legislation, H.R. 600 would make an estimated 300,000 creditworthy homebuyers eligible for downpayment gifts every year.” Please take a moment to review and analyze your thoughts regarding down payment assi... 01/20/2009

I'm seeing more and more notices in the last few days from the major lenders that they are under-staffed to handle the current refinance rush. Today, Wells Fargo reported they are not taking rate locks for less than 90 days because they need that much time to close the loan. It's not just Wells Fargo, I've heard other industry insiders express similar concerns in the last week.We haven't experienced this kind of call volume in over two years. Rates are so extraordinarily low that anyone with equity in their home should be checking with a trusted Loan Consultant, like me, to see if it is in their best financial interest to refinance. First-time Buyers, the time is now. We appear to be at or near the "bottom" of the market and reports are that mortgage loan rates are not likely to remain ... 01/15/2009

Something that I initially thought was an anomaly happened to me for the third time yesterday. I'm pretty sure that 3x means it's not an anomaly anymore.I decided to check in with the people I care about the most; you. When I started my own business in July 2008, I didn't want to name it Steele Realty. I wanted a name that would convey to my clients and my peers that they can rely on me. I checked with friends on several ideas and we settled on Valet Real Estate Services. I absolutely embraced the name as it represents someone that you trust with the things you care about the most. I never looked back...until now.In the last two weeks, I have had three different people pronounce my company name Vallot Real Estate Services. (Rhymes with ballot). Now I don't know what a Vallot is so I don... 01/08/2009

As a rule, we're not fans of selling property. Our philosophy is simple: •  Buy what you can afford •  Take care of it •  Hold on to it •  Repeat However, if you have to sell - it's important to understand how to compete in a market that is dominated by aggressively priced bank owned and short sale properties. In Orange County, 46% of the properties on the market are "distressed" ( www.OCMarketUpdate.com ) In Riverside, the number jumps to 66% ( www.RiversideMarketUpdate.info ) Even though demand has more than doubled since its 2007 low, prices continue to decline. Why? One reason is the mass pricing strategy of banks, which is to price their property at or below the most recent and lowest sold comps. With demand up and prices low, many bank owned properties are generating multiple bids... 01/08/2009

I read an article that said you have to make your own luck; you don't get lucky. You have to put yourself in a positive available position to be lucky.That is so true. You never met a Sad Sack before that was lucky, now did you? The luckiest people I know are positive go-getters that always see the glass as half-full.I'm sitting in my new office today reviewing contracts in between hooking up the network and unpacking boxes. It would be easy to feel a little bit overwhelmed but that is just silly because it's not overwhelming. I can handle this work and I feel lucky to have it. Unpacking boxes is a nice break from reading contracts. Reading contracts is a nice break from hooking up the printer. Besides, I have an office full of people helping me set things up. I still have time to do ot... 01/06/2009

January 5, 2009 Market Update Anaheim Hills, California When looking at the housing market, it's important to isolate the cities, zip codes or neighborhoods which matter most to you. In this report, we have captured current supply, demand and closed sales in Anaheim Hills (as defined by zip codes 92807 and 92808). Demand is the number of properties placed in escrow in the last 30 days. Current Snapshot - Anaheim Hills: 1.       Overall Market = Slight Seller's Market There are 233 properties on the market in Anaheim Hills, 43% of which are "distressed" (meaning bank owned or in foreclosure). 44 properties went into escrow in the last 30 days, which gives us a 5.3 month supply of inventory (233 divided by 44). Anything less than 6 months is considered a seller's market. 2.       Bank Own... 01/05/2009

Valet Real Estate Services is opening another office!  We're moving into it today:  Please take a moment to note the new address: Valet Real Estate Services - Orange (across from Anaheim Stadium), 571 N. Poplar Street, Suite H, Orange, CA 92868 From the 57 Freeway, take Orangewood east towards Orange. Your 2nd light is Poplar. Turn left on Poplar and go north. 571 is the second building on the right. You can use the first or second driveway to get to Suite H, but the 2nd driveway is closer. Park on the street if there are no spaces in front of Suite H. The other parking areas may be subject to towing. Valet Real Estate Services - Anaheim Hills, 309 S. Black Oak Road, Anaheim Hills, CA  92807   01/04/2009

I was visiting some of the other top producers in the area and leaving them notes when it occurred to me that I needed to post my search here...first! I'm working with a young couple, Daniel and Danielle, who want to buy a 3 bedroom detached home in Anaheim Hills or Orange, but they are open to most of North Orange County.  They love the neighborhoods off of Riverdale and La Palma, north of the 91 Freeway. I'm looking for some insider help here becuase many listing agents don't understand Cal-STRS loan.  I need a professional listing agent that understands it is one of the best loans out there!  Daniel and Danielle have impeccable credit and it is silly that they keep coming in second place to lower all-cash offers from investors.  Why take a lower all-cash offer when you can get full m... 01/01/2009

Will prices continue to decline this year? I'm betting on a sure "yes". We can expect more foreclosures, more short sales, more trouble for the economy. So, should we wait to buy? Heck no. Now is the BEST time to look at the inventory, secure a low interest rate while they are still available and position yourself to take advantage of the best selection and lowest prices we've seen in a long time. But, if prices are still declining ... Yes, I know you don't want to "overpay".  I understand. But here's the thing - let's say prices decline another 10% in the next six months. Let's also assume that interest rates go up 1.5%. VERY possible. Your payment will be HIGHER, then if you bought now. Here's an example:                 Now:  $500,000 at 5% for 30 years = $2,684                10% Lo... 12/30/2008

Last year, the President approved the "Mortgage Forgiveness Debt Relief Act of 2007". This legislation excludes the discharge of indebtedness from taxable income. Wow, that's great, right? Maybe. Before you enjoy the wave of relief or bring up this wonderful nugget at the next dinner party, be aware that there are some strict guidelines, complicated rules and strange anomalies that must be weighed. Here is a layman's list of warnings: The property must be your principal residence (as defined by the deduction of mortgage interest rules) ... and investment property does not qualify! If the forgiveness relates to a loan modification, your tax basis is reduced and may ultimately lead to tax on the GAIN from the sale of the property! Your state may have different rules and you could have STA... 12/28/2008

With all the yard signs and advertisements promising to help homeowners facing foreclosure "save their credit" or "modify their loan" or "avoid bankruptcy", it's tough to know where to turn. Should a homeowner attempt to modify their loan, short sale their home or allow the bank to foreclose? Here's our advice:  Beware of Realtors, loan modification companies or anyone else who provides an immediate answer. The only answer is that it will depend upon on each homeowner's individual situation and personal goals. When considering a loan modification, the determining question is whether a homeowner will be able to afford the modified payment and live with the new terms. Even though a homeowner must qualify for a loan modification, approximately 80% of successful loan modifications find them... 12/28/2008

Here's a 2 Minute Video of the New Location for Valet Real Estate Services.  I videotaped this for you last Monday and forgot to upload it with the excitement of the holidays and all my house guests. As a matter of fact, you can see my Dad in the background of the opening shot. He's that cowboy walking out of the picture. He came to visit us for a few days before Christmas and got to see the new office. I found myself reflecting on how amazing it is that as a grown man I was still anxious to see if he approved. That's always an interesting moment of introspection when you fell that happening, isn't it? I chose to thoroughly enjoy the feeling and it paid off - he took me and Bonnie out to lunch to celebrate the occasion. It was a particularly delicious lunch! You can see the video at www... 12/27/2008

Below is a list of ALL Anaheim Hills REO | Foreclosures as of today 12/22/2008. Looking to Buy??? Call Nic Petrossi with Prudential, your Anaheim Hills REO / Foreclosures Buyer Specialist.  I know the process, I know when to offer full price or above full price and when to offer below full price because I know how to handle foreclosures -- call me to set up appointment to go look at any of the properties below.     (714) 257-3606 Office Line     (714) 272-3646 Direct Email:  Npetrossi@yahoo.com   Get to know more about me by visiting my Website:  Click Here Mon, Dec 22, 2008 06:15 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  P657119  A   2     H  T  Q  CONDO  A 5424 Snow Wood B  AH 77 92807  740d7  OTHR/0  3  2/1  2... 12/22/2008

My son had to do homework this week on Christmas Traditions and it got me to thinking. I know there are dozens of classic traditions that many of us practice. I'll bet there are some not-so-classic traditions as well. Do you have a unique tradition you would be willing to share here?Our family has long practiced the tradition of "Santa Mouse". Santa Mouse brings the gift of new Christmas pajamas to our home on Christmas Eve. It's fun and exciting to have the doorbell ring and the kids run to find a special gift. They've long known there isn't really a mouse bringing the PJ's, but in all the excitement of the moment they always forget to look for the co-conspirator who placed the gifts on the doorstep, rang the bell and ran for it! So they are left to wonder how it's done. (Funny story: ... 12/19/2008