The Caton Team wanted to share some of our best practices for buying during Shelter in Place due to Covid-19. I like to call this – Buyer Tips – Pandemic Edition.
Buying Real Estate During Shelter in Place
Real Estate is an essential service and The Caton Team is proud to serve our clients when home – more than ever – is so important. Some things to consider, the Covid Real Estate Market is one of the strongest, most competitive markets we’ve seen in our 40 years of combined experience. Only the MOST prepared buyers are successful. The market moves faster than ever. Being prepared is key.
Steps on How to Buy During Shelter in Place while Following Social Distancing:
- In order to gain access to show a home, our buyers must be at minimum Pre-Approved for their home loan(a pre-qualification is not sufficient). Be prepared to provide Proof of Funds for each offer we write (gather your bank statements). All funds for the purchase must be in your name.
- However – to be the winning offer The Caton Team requests our clients loan be beyond approved but Underwritten. This is a fully completed approval process with a lender COMMITMENT LETTER. This is BEST and it allows you to write the strongest offer and know their loan is secure*. As a Buyer, you will be in a multiple offer situation with almost every home on the market – the strength of your Loan is key for success. Sellers will tally your proof of funds and speak to your lender directly.
2) As your Realtors we are your direct contact to set up all appointments upon loan approval. Please reserve one day a week (Tuesday – Thursday) to view homes with us. Homes have their own schedules and it is best we have one day we can rely on. Fridays and weekends are reserved to write offers with most offers due on Monday or Tuesday. Offer writing takes a minimum 1 full day – 2 days is more realistic and grants time to review things at kinder pace. We will line up homes to view on one day then decide your course after our showings. Some homes take offers as they come, some set offer dates. Due to Covid – we will only view homes our clients are prepared to write offers on. We will rely heavily on 3D, virtual tours and photos to determine if a home is worth a look or offer. We also recommend you drive by first and review upfront disclosures. Our professional standards have turned all our buyers into homeowners. We look forward to be of service. Contact us with any questions.
Some Best Practices are:
- Buyers must drive their own cars, wear their own masks. We do bring sanitizer. We do not provide booties though some homes will. Homes WILL NOT be cleaned in-between showings.
- Be prepared to act quickly. We’ve successfully represented several buyers and sellers during our Shelter in Place and will discuss with our client our best practices for turning you from Buyer into an Owner.
Got Real Estate Questions? The Caton Team is here to help.
We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!
The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true. How can The Caton Team help you?
A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.
The Caton Team – Susan & Sabrina
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Berkshire Hathaway HomeServices – Drysdale Properties
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