Author: The Caton Team - Realtors

Sabrina & Susan are native Californians - born and raised in the Silicon Valley with a passion for Residential Real Estate. A mother and daughter-in-law duo called - The Caton 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. Call | Text at: 650-799-4333 | Email Info@TheCatonTeam.com 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. The Peninsula is our backyard - let us help make it yours. We represent Buyer’s and Seller’s throughout the Bay Area. The Caton Team – Susan & Sabrina A Family of Realtors Effective. Efficient. Responsive. What can we do for you?

SOLD: By The Caton Team – San Mateo

Sold with 35 Offers in San Mateo

Opportunity Knocked in San Mateo when we had the pleasure of helping this family transition into their new life. A unique renovation opportunity – on the market for less than 1 week – we had the pleasure of presenting 35 offers to our sellers and truly wowing them. Renovation Opportunities are interesting experiences. So many contractors and buyers prefer an “off-market sale” but The Caton Team knows the power of going “on the market” and respects the importance of equality and fairness in all Real Estate dealings. We don’t sell off-market – we make sure our clients know the offer they have is the best the market can stand – and it shows. 15 confirmed offers turned into 35 on offer day – and by offer #29 – we knew we found the best price and terms for our selling clients. It was an honor to represent this family during their life transition and a true pleasure of wowing them.

We love what we do – How can The Caton Team help You?

We truly enjoy helping our clients sell their homes. The Caton Team loves what we do and would love to help you – please enjoy our resources below. Get to know us at through our clients words.

Get exclusive inside access when you follow us on Facebook & Instagram

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.

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
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third party information not verified.

Plumbing Maintenance Tips

Performing basic maintenance for the plumbing systems in your home can go a long way to preventing bigger issues from erupting. Here are eight DIY maintenance tips that can help minimize the number of trips to your house from your plumber, particularly if your home has experienced plumbing problems in the past.

Eight Essentials to Good Plumbing Maintenance

Fix leaks and clogs immediately. Plumbing issues like these can quickly turn simple repairs into expensive ones and/or lead to water damage and unhealthy mold or mildew buildup.
Use non-toxic drain cleaners. A solution of baking soda and vinegar can clear most minor drain clogs.
Keep drains object-free. Install properly fitting drain screens and sink stoppers to prevent food, hair, and other things that can stop up pipes from going down the drain.
Learn what your disposal can eat. Not everything can be chewed up by the kitchen disposal. Check your manufacturer’s manual for specifics, but as a general rule, never put cooking grease, coffee grinds, egg shells, pasta or rice in your disposal.
Buy the right tools. Be sure you have a plumber’s wrench in your toolbox as well as a sturdy plunger.
Know locations for all shut-off valves. Your home’s washing machine, sink, toilet, and water heater all have shut-off valves. Know where they are as well as your home’s main water shut-off valve and any outside clean-outs.
Prepare for the season. Before winter, inspect the insulation around the pipes under your house, in the basement, and in the garage. Proper insulation helps keep your pipes from freezing and bursting.
Schedule regular plumbing checkups. Consult with your plumber about a schedule for the routine maintenance needs for your home’s HVAC system and water heater. Also schedule a snake of your sewer lines via your home’s clean-out at least every two years to keep pipes free of clogs and buildup.

Remember: your home’s plumbing has a tell. When you spot one of its tics, like a leaky faucet, water on the floor around a dishwasher or refrigerator, or mildew around a sink, shower, or tub, don’t hesitate to act. It’s a sign that you have some maintenance to do.

I read this article HERE

Got Questions? The Caton Team is here to help.

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out for a personal consultation. Please enjoy our free resources below and get to know our team from our TESTIMONIALS.

Effective. Efficient. Responsive. The Caton Team

🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

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!

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – wouldn’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
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

Pre-Approval Makes All the Difference When Buying a Home – Shared Article

SOURCE

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.

Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market.

With limited housing inventory, there are many more buyers active in the market than there are sellers, and that’s creating some serious competition. According to the National Association of Realtors (NAR), homes are receiving an average of 5.1 offers for sellers to consider. As a result, bidding wars are more and more common. Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will. When a seller knows you’re qualified to buy the home, you’re in a better position to potentially win the bidding war.

Freddie Mac explains:

“By having a pre-approval letter from your lender, you’re telling the seller that you’re a serious buyer, and you’ve been pre-approved for a mortgage by your lender for a specific dollar amount. In a true bidding war, your offer will likely get dropped if you don’t already have one.”

Every step you can take to gain an advantage as a buyer is crucial when today’s market is constantly changing. Interest rates are low, prices are going up, and lending institutions are regularly updating their standards. You’re going to need guidance to navigate these waters, so it’s important to have a team of professionals such as a loan officer and a trusted real estate agent making sure you take the right steps and can show your qualifications as a buyer when you find a home to purchase.

Bottom Line

In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. Not only does being pre-approved bring clarity to your homebuying budget, but it shows sellers how serious you are about purchasing a home.

Whether you’re just starting your journey in Real Estate or you’ve bought and sold before you can trust – The Caton Team to be your guides. We’ve built our business on trust, honesty, communication, respect, loyalty, wisdom, and knowledge. Each client is unique – please reach out for a personal consultation or read our blog HERE.

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team

🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

REAL EATS – The beat on where to eat! Next Up – Dianda’s Italian American Pastry Bakery

Hello! Thank you for reading REAL EATS, where my passion for Real Estate and food meet. On our next adventure, we visit….

Dianda’s Italian American Pastry Bakery

Dianda’s Italian American Pastry Bakery is located at 117 De Anza Blvd San Mateo, CA 94402 in the Crystal Springs Shopping Ctr

Dianda’s is our Family Tradition. Birthdays, Anniversaries, who’s kidding who – anytime! With all their pastries, cookies, and flavors of decadence. Call ahead and order a cake for pick up – makes it even easier. Well worth the trip.

Would you like to live near Crystal Springs Shopping Center – click here.

THEIR WEBSITE | MY YELP REVIEW | MY YELP BOOKMARKS | MY YELP PAGE

Photos of my Reviews on Instagram: The Caton Team Instagram

Follow The Caton Team Blog – The Real Estate Beat, and visit our Website – The Caton Team to start your own home search.

Read our Testimonials to get to know us or simply reach out – Call | Text Sabrina 650.799.4333 | Email Info@TheCatonTeam.com.

The Caton Team does not receive any compensation for our Real Eats posts, we use YELP for ease of use. All restaurant reviews are unsolicited and unpaid. Photos of dishes and edits are my own. Information deemed reliable but not guaranteed. Third-party information not verified.

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

House Hacks to Buy Real Estate

The biggest challenges for first-time homebuyers in this situation can be twofold: they often struggle to finance their home purchase, and they aren’t sure the best way to make their offer stand out. Below are some different options to discuss when considering a first-time home purchase.

1. Explore Creative Financing
In incredibly competitive markets, getting the money needed to make an offer – particularly one that is over asking price – can be a challenge. Luckily,
These creative financing tricks incorporate a set of strategies that can help clients buy a property with less of their own money used as a down payment and may even lower their monthly note. If buying is a challenge, one can explore the following options:

House-hacking

With the rise in housing costs, sometimes a great way to afford a home is to split the cost – and house-hacking can help. In simplest terms, house-hacking is when someone purchases a piece of real estate – a single-family home or duplex – and leases out one of the bedrooms or units. This rental income can then be applied toward their mortgage. House-hacking may help clients afford a house that may otherwise be out of their price range, or make a mortgage, in general, more affordable.

Having a renter immediately lowers monthly costs and helps pay off a mortgage quickly. Moreover, it can reduce expenses, lower taxable income base, increase savings, and provide passive income. In summation, it gives buyers the usual financial benefits of home ownership – equity, tax deductions – but with the added bonus of having someone to help mitigate the costs. But there are downsides and all aspects should be explored with a Realtor and Real Estate Attorney to understand your Landlord rights.

Co-signers

Another option to explore is having a co-signer, such as a family member, friend, or benefactor who would be willing to help them buy their first home. In the modern economy, it’s common for parents or other interested parties to help people purchase their first home. From simply giving an initial lump sum for a down payment, investing cash to help finance a mortgage, to co-borrowing on the loan, there are a multitude of ways people can help others financially. However, it may be beneficial to take this approach either with someone they know well – like a parent – or codified in a contract.

2. Make Smart Offers
The problem may not be financing their dream home, but helping them stand out in a highly competitive market. If that’s the case, there are some topics to explore to make sure one is staying competitive in a multiple-offers market.

Discuss payment methods

Making a cash offer on a home will leave most sellers with a harder time saying no. It is not a feasible option for everyone, but an all-cash offer is appealing to sellers because they don’t have to hassle with finding a mortgage, it’ll expedite the closing process, and it means instant cash in their pocket. For first-time homebuyers, finding a friend or family member to help finance the property could be a worthwhile feat.

A little extra time

Understanding sellers’ needs can help put an offer at the forefront of their mind. And sometimes, what they need is a little extra time in the house to get their affairs in order. This could look like working out a deal where the sellers stay for free in the house an additional 30 days. Or participating in a leaseback program, where they pay the buyer rent for staying on the property for a set period of time. As buyers are exploring these options and conversations, flexibility and open communication are key.

The Caton Team Knows…

Whether you’re just starting your journey in Real Estate or you’ve bought and sold before you can trust – The Caton Team to be your guides. We’ve built our business on trust, honesty, communication, respect, loyalty, wisdom, and knowledge. Each client is unique – please reach out for a personal consultation or read our blog HERE.

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team 🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

source of article was email received by The Caton Team

A wonderful opportunity to live in the heart of San Carlos

For Sale by The Caton Team – 793 Cedar Street in San Carlos

Price, Info & Photos | 3D Tour | Open Sunday 7.23.23 1-4pm

Welcome home to the heart of San Carlos – the City of Good Living.

793 Cedar Street is a block from Burton Park – Perfect for Music in the Park | Hometown Days and behind Central & Arroyo Schools. Walkable to Downtown, restaurants, schools, parks & transport.

Originally a quaint two-bedroom home, the home was renovated in 2019 to include a Primary Suite and Office Upstairs with Great Room in back. Let me walk you through.

Through the drought-tolerant, fenced front garden, we enter through a formal entry and the original living room, with a gas starter fireplace, original details on the ceiling, and mantel. To the left are two bedrooms and full bath, shower over tub. Note the original wood floors, built-in closet space, and new light fixtures. The remodeled bath features subway tile around the shower over tub, stylish vanity, sink, and faucet.

Step through the hallway, you’ll note the laundry/mud room connecting to the one-car garage. This space features a free-standing washer and ventless dryer, shelving, bench, and extra storage – thus rounding out the front portion of the home.

Let’s head upstairs… a windowed landing invites you to the primary retreat. A well-appointed closet, an open space great for an office, or a bonus room leads you to the sanctuary. Vaulted ceilings, walk-in closets made custom by California Closets set the suite apart. With a bank of windows overlooking the back garden, turn into the spa-like bathroom – a true oasis. With a steam stall shower, sunken tub, dual sinks, gorgeous tile, vanity, and lighting – including radiant heat floors.

And now for the WOW part. Let’s get back downstairs. Through the hall, you’ll step down into the Great Room. To the left is the dining area with a built-in hutch and wine refrigerator. This stately dining room table is included – ready to seat ten. To the right is a chef’s dream kitchen. With an oversized island, Thermador 6 Burner Gas Oven Range framed by a lovely backsplash and gorgeous counters. The pantry, dishwasher, french door stainless refrigerator, and microwave are all included with the home. This divine kitchen looks over the spacious great room with ample lighting and wired with surround sound. The mounted flat-screen TV is included. Open the dual sliding glass doors and enjoy the back garden where the back patio features outdoor speakers. Enjoy dining Al Fresco, or sit under the oak tree. Need a second office, jam room, artist studio, or gym? The cottage is wired with electricity and is the perfect work-from-home situation. This home features air conditioning and forced air heat with nest controls. A 2410 square foot, two-story home sitting on a 5588 square foot lot.

Fantastic Location – Move-In Ready. Full disclosure package available.

Price, Info & Photos | 3D Tour

We love what we do! How Can the Caton Team Help You?

Get exclusive inside access when you follow us on Facebook & Instagram

HOW TO SELL – – HOW TO BUY – MOVING MID PANDEMIC – TRUST AGREEMENTS and HEALTH CARE DIRECTIVES – OUR TESTIMONIALS

Got Real Estate Questions? The Caton Team is here to help.

A mother and daughter-in-law team with over 40 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
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Want Real Estate Info on the Go? Download our FREE Real Estate App: Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third party information not verified.

Home Maintenance for Your Hardwood Floors

One of the best and biggest investments in your home – is the flooring. Take care of your hardwood today and it will last generations. If you have any updating questions – curious which updates bring more value to your home? Contact The Caton Team – we’re happy to help! -Sabrina

How To Care for Your Hardwood Floors

Hardwood is one of the oldest flooring materials and is still considered one of the best. Hardwood floors are natural, beautiful, and durable, especially if you maintain them. With good maintenance, they will last longer, look better, and add value to your home.

Make daily dusting and sweeping, with a scratch-free cloth or broom, part of your daily maintenance routine. When you need to vacuum hardwood, be sure to use the soft brush attachment, never the rotating brush roll, or as it’s known in older vacuums, the beater bar. Then, as needed, mop with the wood floor cleaning product recommended for your floor’s type and finish.

Wood floors need a protective finish. Unfinished wood floors require finishing with a protective sealer immediately after installation. Factory-finished floors are sanded, sealed, and ready to use right out of the box. If you have solid hardwood, you may need to add a finishing coat every few years, or eventually sand and refinish decades down the road. If you have engineered hardwood, which is a veneer, sanding and refinishing may be an option one-time only, depending on the thickness of the veneer.

Tips for Cleaning Your Hardwood Floors

Use only wood floor care products; never use vinyl or tile cleaning products.
If you prefer a natural cleaner, like vinegar and water, do your research. Your floors must be well sealed, and the vinegar-to-water pH balance can’t be too acidic, and you must wipe the floors dry immediately.
Most experts advise that you don’t use water to wet or steam mop wood floors.

Tips for Protecting Hardwood Floors

Use felt or rubber protectors on the bottom of furniture legs and never drag furniture on wood flooring.
Use area rugs in high-traffic areas, in front of exterior doorways, as well as in front of the kitchen sink.
Remove shoes at the door, especially high heels or cleats.
Slow down fading by keeping direct sunlight off your floors. Use window coverings to redirect, diffuse, or block UV light. UV-resistant finishes are also available.
Keep dogs’ nails trimmed, or restrict them from hardwood areas.
Wipe up spills immediately; standing liquid can damage wood floors.

Tips for Scratches and Squeaks

For deep or surface scratches, touch up using a stain stick for wood that matches your floor’s finish.
For squeaky floors, if possible, it’s best to repair from underneath which may need to be done by a professional. There are products that include a combination of lubricant and powder, which you can try using on the surface between the planks, but effectiveness may be limited.

Homeowner Tips

Did you know that hardwood floors are among the many home improvements that will pay homeowners back over the long run?
Wondering about other remodeling projects to add value to your home? Learn about the best remodeling investments you can make.
On a budget? Try these inexpensive, DIY home improvement projects to give your home a fresh look.

I read this article HERE

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team 🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

7 Things Every Homeowner Should Do Once a Year

Look how responsible you are

When you bought your house, there were a million and ten things you needed to do. (Hi, inspection, mortgage application and downstairs bathroom conversion.) But over the years, auto-pilot has set in, and those driveway pavers you always meant to replace are still staring you in the face. Stay on top of your home maintenance to-dos by making sure you tackle each of the following once a year.

Clean your gutters

 Old frisbees. Dead leaves. Dead rodents. (Ew.) Nasty stuff can accumulate in your gutters, and keeping them clear is super important for getting snow and rain off that fancy new roof you just replaced. Here’s the best part: If you get them cleaned right now, you won’t have to think about them again until 2017.

Steam clean your carpets 

Yes, you’re a hygienic person who generally doesn’t track gross stuff into her house. But over time, buildup has a way of accumulating–especially in snowy or dusty regions, or if you’ve got children or pets. Rent a steamer (or hire a professional), and relish in a pile that’s as plush and vibrant as the day you bought it.

Wash your windows… like, for real 

Again, you’re probably already Windex-ing the inside of those suckers on a weekly or monthly basis. But the outsides need love, too. Most modern windows pivot inward, so you can wash the whole thing from inside your house. But if you live in an older building and can’t get to windows on the second or third floor, hire a gent with a squeegee and a ladder.

Empty all your drawers 

OK, this one isn’t just for home owners, but anyone who lives in a house should really be in the habit of emptying and assessing every drawer one time per calendar year. Tackle it room-by-room, taking everything out, deciding if you really need it, then purging accordingly before neatly repacking.

Trim your trees

Next-door neighbor Frank hates when your sycamore cascades over his tool shed. Trim that puppy once a year for the health of your tree (a heavy bow is never a good thing) and, of course, your neighborly relations.

Schedule the exterminator 

If you think you only need to talk to Larry the Roach Guy when you’ve actually got creepy crawlers, think again. Getting your house checked and treated preemptively for bugs gives you a much better chance of not finding something disgusting (or paying thousands of dollars for termite damage) down the road.

Check out an open house in the neighborhood

 Even if you plan to live in your home until they take you out on a stretcher, it’s always a good idea to get a sense of the market. Plus, aren’t you dying to know what Kenny and Margaret did with that hideous wood-paneled rec room? You know you want to.

I read this article HERE

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team 🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

The Truths Young Homebuyers Need To Hear – Shared Article

SOURCE

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found:

“1 in 4 underestimated their buying potential by $150k or more”
“1 in 4 underestimated the increase in value by $100k or more”
“47% don’t know what a good interest rate is”

Because they feel uncertain, many young homebuyers have given up on their search, or worse, they’ve decided homebuying isn’t for them and never started on their journey to begin with.

If you’re interested in buying but aren’t sure where to begin, here are three key concepts about homeownership you should understand before you get started.

1. What You Need To Know About Down Payments

Saving for a down payment is sometimes viewed as one of the biggest obstacles for homebuyers, but that doesn’t have to be the case. As Freddie Mac says:

“The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

According to the most recent Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the median down payment for homes purchased between July 2019 and June 2020 was only 12%. That number is even lower when we control for age – for buyers in the 22 to 30 age range, the median down payment was only 6%.

2. You May Be Able To Afford More Home Than You Think

Working remotely, exercising, and generally spending more time than ever in our homes has changed what many people are looking for in their living space. However, some young homebuyers don’t feel they can afford a home that suits their growing needs and have decided to continue renting instead. That means they’ll miss out on some of the long-term benefits of owning a home. As an article recently published by NAR points out:

“Many young adults are underestimating how much they need for homeownership, the survey finds. Millennials underestimated how much home they can afford right now, how much interest they would pay over a 30-year mortgage, and how much home values appreciate, on average, over 10 years…”

Knowing how much home you can afford when starting the buying process is critical and could be the game-changer that gets you from renting to buying.

3. Homeownership Will Become Less Affordable the Longer You Wait

Finally, with mortgage rates starting to rise along with home prices appreciating, putting off buying a home now could cost you much more later. Sam Khater, Chief Economist at Freddie Mac, notes:

“As the economy progresses and inflation remains elevated, we expect that rates will continually rise in the second half of the year.”

Most experts forecast interest rates will rise in the months ahead, and even the smallest increase can influence your buying power. If you’ve been on the fence about buying a home, there’s no time like the present.

Bottom Line

If you feel overwhelmed by the prospect of starting your home search, you’re not alone. Let’s connect today so we can talk more about the process, what you’ll need to start your search, and what to expect.

The Caton Team knows what it takes to close a successful escrow for our selling clients – that’s why when we represent buyers – we outshine the rest. Read our TESTIMONIALS to learn more about why our clients love us and our unique approach to buying Real Estate in Silicon Valley.

Got Questions? The Caton Team is here to help.

Effective. Efficient. Responsive. The Caton Team 🏡 How can The Caton Team help You?

Get exclusive inside access when you follow us on Facebook & Instagram

Got Real Estate Questions? The Caton Team is here to help.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

May Market Update

Here are the stats for San Mateo and Santa Clara Counties for May 2023

Whether selling a home or buying one, each client is unique and each market and price point differ. Let us customize a Real Estate strategy for you and let The Caton Team guide you to your goals. 🗝️ It’s what we do.

How can The Caton Team Help You? Contact The Caton Team 650.799.4333 | Email Info@TheCatonTeam.com

Whether you are selling or buying – today or tomorrow – contact The Caton Team – we’re happy to help you achieve your Real Estate goals.

Effective. Efficient. Responsive. The Caton Team 🏡

Call | Text | Sabrina 650.799.4333|Email|Info@TheCatonTeam.com

Each market is unique and with over 40 years of combined Real Estate experience, The Caton Team is more than happy to be of service if and when you are considering a move. Contact us anytime during your journey, together we’ll help you achieve your Real Estate goals.

Got Questions? The Caton Team is here to help.

Get exclusive inside access when you follow us on Facebook & Instagram

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 need some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?