Russell Morris

Russell Morris







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Russell Morris

Property Details
Property Details


Wow it is hard to believe the first quarter of 2010 is over. As I embark on my THIRTY-SEVENTH year in the Real Estate Profession, I want to thank everyone for their support and business over the years. 2009 was another great year for me. I ranked in the top 10% of all the Coldwell Banker agents in Los Gatos. I was in the top 50 of all the Coldwell Banker agents in the Silicon Valley-Monterey Bay region(over 1200 agents). I was also in  the top 2% of all the Coldwell Banker agents nationally (over 46,000 agents). The past several years have seen a very unusal real estate market. The sub-prime and adjustable loans have come back to hurt buyers who got into investments without fully understanding how adjustable loans work or were very marginal buyers. In my opinion lenders should have never allowed buyers to get into these loans. This was part of the reason we have had such a national and even international money crisis. We have seen many homeowners loose their homes or have to commit to a short sale. Lending institutions have now changed their lending policies by tightening their standards, offering less products and appraisers are now being held more accountable for their appraisals. Of course, with these changes it is becoming more difficult to borrow money and short sales are taking from ninety days to a year to close. The Fed is trying to keep rates low, rates are between the high 4% - 6% range. but there is  a worry of inflation. The Fed and State have introduced tax saving programs for first time buyers. With all that has happened there have been and still are some fantastic opportunities for buyers and investors. Our inventory of properties is increasing daily.The market is shifting from a buyers market to a sellers market. We are even seeing multiple offers again on a great many of our properties.This is a fantastic time to buy a home as well as investment properties. Despite what you hear or read, properties are selling in Silicon Valley and values have increased as much as 5-6% over last year. Our office is averaging over 60 sales/month since the first of the year.Sellers that price their homes at market value are selling their homes. Over 80% of the people buying property today are going to the internet to find out what is for sale in the market place. It is extremely important today that homes for sale are available on as many sites as possible and have virtual tours. At Coldwell Banker almost all our homes are on a minimum of 20 sites as well as Realtor.com and the New York Times Open house..Our Coldwell Banker site is the number one site in the industry We are getting over TWO MILLION hits/week with the average viewing time on our site of over 12 minutes/view. NOW is the time to buy or sell!! The market is  very good. Please contact me for a free consultation on how I can help you with your next real estate sale or purchase. Don't forget I can assist you with properties anywhere in the Unites States. If you are you are considering moving out of the area or need assistance to sell properties  out of the Bay area I can help you. Thank you again for your business and referring your friends and associates to me all these years. Have a Fantastic and Healthy 2010.