Silicon Valley Business Journal contacted Terry Meyer, VP of Operations, to provide his opinion about the latest in real estate news. As one of the most experienced brokers in the Silicon Valley, Terry often gets asked his thoughts on how the market is performing.
Last summer, one of our top realtors, Alisha Karindikar, appeared in HGTV’s nationally syndicated television show: Flip It to Win It. She is currently the main guest speaker on the Ronn Owen’s KGO Radio Talk Show answering questions about the local real estate market.
Says Ronn, “Alisha became my regular real estate contributor after her first visit. This is highly unusual for me because anyone who is on my show repeatedly needs to stand out. Her combination of expertise as a realtor, incredible energy and vivacious personality made her an instant addition to my show. She clicked with me and just as importantly, our listeners.”
When the real estate reporter for the Silicon Valley Business News needed input about a new real estate trend, he contacted Terry Meyer, VP of Operations. Below is Terry's contribution to the cover story about millennials buying homes.
“But for some young people in the tech industry, high prices are not a problem.Terry Meyer, vice president of operations at CSR Real Estate Services, said young tech workers have lately become “a very relevant purchaser” in the market after sitting out the recession.
He recently sold a $1.4 million single-family home in San Jose’s Willow Glen neighborhood to a “thirtyish” couple who worked at Apple Inc. They put $700,000 down — “all stock-option money,” he said. “These days, because it’s so competitive, we’re obligated to show proof of funds on every offer that’s made,” Meyer said. “When they provide you with these bank statements, often times you do a double take. It’s like, ‘Holy moly, you’re how old again?’”