Gary & Nancy Frimann

Foreclosures in Gilroy and Morgan Hill

We now have Foreclosure information on our website. You can view for free homes that are either in foreclosure or are bank owned. This information is provided for free, as we subscribe to foreclosure radar.

The best way to search is to use the zip codes: Gilroy is 95020 and Morgan Hill is 95037.

Check it out. It is a great way to search for foreclosures in the South County.

Search here for foreclosures in Morgan HIll and Gilroy

There has been a huge increase in the number of homes that have gone into Pending status. Buyers are returning to the market and it shows. Some homes have sold within a week. Buyers that were waiting are now committing, and getting some great deals out there. Gilroy was particularly hit hard with foreclosures (my theory: there wa a lot of martgage fraud in Gilroy), but coupled with historically low interest rates, it truly is a good time to buy. FHA has increased their loan limits, so an FHA loan of up to aboput $729,000 only requires a small down payment.

I recently visited Gilroy Gardens. It was formerly known as Bonfonte Gardens, until it was purchased by the city of Gilroy. What a great place. I had been there before, for various business related functions, sponsored by the Gilroy Chamber of Commerce, but never to just experience what it was truly all about. The park is very "green", and dedicated to trees. There are "Circus Trees" there that will amaze young and old alike. Needless to say, there is plenty of shade for a rest, and the park is truly beautiful. It could take a full day to take it all in. Maybe two days, as there is a lot there. I know I will definitely be back. Admission price includes all the rides. Some rides do have heigth requirements forthe younger members of your family. Your kids will love this place.

I was amazed at how clean and well maintained the park was, and what a great form of family entertainment it had to offer. I can see myself going back, which is probably the strongest recommendation. I also see it as being a great local destination for Bay Area residents who want some safe, clean, educational fun for families. It will produce lasting memories for children, I'm sure, and since it is located so close to Silicon Valley, it can be a day trip without having to spend the night anywhere. A sure treat for the kids, as I observed most of them seem to be smiling, and there is a little water park/sprinkler area for them to cool off.

There are plenty of attractions, as well as rides (most of which are designed for younger children, I would not recommend the roller coaster for those under 10-12 years old.). Hint: take the train ride first, so that you can get an overview of the whole park first, and get a sense of bearings as to what you want to see. The monorail that goes through the Solarium is fantastic as well.

I am glad to see such a great place in Gilroy. I strongly recommend visiting the park soon, if you have not done so already. My old neighbor used to rave about the place, as he had a small child, and he used to go at least two or three times a month, and his daughter loved it.

I've added some pictures here so you can get a feel for their park. I've also included a link to their site, located above.

Presented by Gary and Nancy Frimann SIGNATURE HOMES & ESTATES EAGLE RIDGE REALTY

(408) 846-8284

Well, the Gilroy Garlic Festival is upon us again!

It will be held in Gilroy from July 25th to July 27th 2008

This is the 30th presentation of this event. Always a good time had by all who attend, and all monies go to local sharties, which is nice, as there are many volunteers that make this possible. You can get more information by visiting GILROY GARLIC FESTIVAL.

Hope to see you there!

Gary Frimann
Signature Homes & Estates
Gilroy, CA
(408) 846-8284

Well, 3 real estate offices have closed here in the south Santa Clara County, all well known national franchises...

As an independent broker, to me this is rather good news. When push comes to shove, a lot of agents are being forced out of the real estate business. What looked like a golden opportunity a few years back has created an industry of sloth and those who planned poorly, never improved on their education (taking office seminars is not education-they are often taught by trainers who perhaps have never sold real estate) and basked in the glory of being an independent contractor hoping to get leads from their office's presence have found themselves caught flat-footed in the change in the market. The old method of getting listings just doesn't seem to put money in the bank anymore. Those rare leads that did come into the office were hijacked by the office manager and given to top agents who remain on top, as the manager tries to squeeze out a profit. Folks, this is a business where you eat what you kill. Period. You have to make your own business. Success is assured when you recognize that Success is where opportunity intersects with preparation. Period.

Is this the breakdown of the franchised system in real estate? I fear not. they are big, and all the money you have been sending them (usually out of state) is will continue to support the suits that run the company. Ask not what your broker can do for you. What the franchises have managed to do is set up an illusion of success. What their agents have done is continued on the process, taking listings that will not sell due to being overpriced. The sign sits on somebody;'s front lawn for months... What would be interesting is if Sellers actually charged an agent for placing their free advertising there. Even the playing field. I urge mt agents not to take overpriced listings, as it does nobody any good. After being in the biz or a while, one gets to know who takes the overpriced listings. What I think would be fun is to present an offer about 10% less than asking price, and show the history of that agent's listings all selling for exactly 10% less, therefore, your client (the buyer) thinks their offer is a fair price. I would not do this, but would love to! I just don't show the listing, because I know it is overpriced...

So now we are in a time when business is so tough even the unlicensed people are leaving and getting "real jobs" (I love to hear that one, as if we don't have real jobs), but those are the people who did not take anything about the business or their industry seriously... We are in this business to help people get tot where they want to go. Stop BSing the clients and giving them false hope. They need to move on with their life, and get out of their present situation and move.

Just my $.02.

Gary Frimann (408) 846-8284

Signature Homes & Estates

Currently, according to the Multiple Listing Service, there are:

423 Homes on the Market in Gilroy, CA
Average Days on Market: 127
Average List Price: $780,086
Median List Price: $624,750

Those that are currently under contract:
42 Homes that are "Pending"
Average List Price: $712, 675
Median List Price: $603,750
Average Days on Market: 141

For further information, contact:
GARY FRIMANN
SIGNATURE HOMES & ESTATES
(408) 846-8284

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Housing information for Gilroy, CA HOMES FOR SALE IN GILROY