buy real estate – The Real Estate Beat

Forget wedding registries — many newlyweds would rather you help pay their mortgage – Shared Article

Key Points

Gen Z and millennial homebuyers are struggling in the real estate market.
To make homeownership more affordable, some buyers are turning to their friends and family.
A Zillow expert told BI that 20% of wedding registries now include house funds.

I read this article HERE. By Alcynna Lloyd

It’s no secret that becoming a homeowner is financially out of reach for many millennials and Gen Z buyers.

Zillow data shows that in 2025, the typical median-income family would need to earn about $17,670 more this year than last to afford the mortgage on a typical US home.

It couldn’t happen at a worse time.

While home prices are dipping in some cities, they remain high nationwide. And even though mortgage rates have edged lower week by week, they’re still hovering around 6% — a far cry from the 3% range seen just a few years ago. All this is unfolding against the backdrop of a sluggish economy and a job market marked by slower wage growth and a wave of layoffs hitting employers both small and large.

However, Zillow’s home trends expert Amanda Pendleton notes that some young homebuyers are finding a workaround — by asking friends and family to help them fund a home purchase.

“Spoiler alert, they’re not doing it alone. Thirty-eight percent of all buyers today are getting some kind of gift or loan from a family member or friend. And another fun stat — 20% of wedding registries now include house funds,” Pendleton told Katie Notopoulos on Business Insider’s new video podcast, “Well Spent.”

‘We would rather have wedding money spent toward a home than getting gifts”

Turning to family and friends is exactly what Aislyn and Ali Benjamin did when they got married in 2022.

The California couple didn’t want traditional wedding gifts like kitchen appliances, or anything that would be forgotten and gather dust in a few years. Instead, they asked their guests for cold, hard cash to help fund the construction of their first home.

It’s easy to understand why. The Benjamins both run small businesses in Danville, California, a city about an hour east of San Francisco, where the median home price was $1.8 million in September, according to Zillow. Buying a home in the city was unrealistic, and renting wasn’t a long-term solution. For them, building an accessory dwelling unit (ADU) in Ali’s parents’ backyard in San Ramon just eight minutes from Danville was their best shot at homeownership.

And why not use a day when everyone was already celebrating them to help make it happen?

“I just made a GoFundMe, and we sent it out with our invites so people could contribute through the online link,” Aislyn, 30, told Business Insider.

In total, the couple raised $5,545 on GoFundMe and received about another $5,000 in cash, checks, and other gifts at their wedding, bringing their total to about $10,000.

That money, along with help from Ali’s parents, allowed them to build a 1,200-square-foot ADU by Bay-area-based company Villa for $500,000. They also financed the project with a mortgage.

The exterior of an ADU home. — The Benjamins’ ADU. Courtesy of Villa

“It gave us a little bit of a head start and a buffer, allowing us to not have to save up quite as much money,” Ali Benjamin, 35, told Business Insider.

“We would rather have wedding money spent toward a home than getting gifts.”

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!

The Caton Team believes, in order to be successful in the San Francisco | 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 – 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, Redwood City Ca.

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.

When Will Be the Best Time to Buy a Home in 2025? (Hint: It’s Coming Soon) By: Melissa Dittmann Tracey – Shared Article

You bet this article peaked my interest – read more on the best time to BUY in 2025.

Mark your calendars: The week of Oct. 12-18, as well as its surrounding weeks, could offer your home buyers a prime time to make an offer on a home. A new study from realtor.com® finds the week offers a rare trifecta—more listings, lower prices and less competition—creating an ideal moment for agents to help home shoppers to make their move.

Greater housing options may be just the catalyst needed to get buyers off the sidelines this fall. Compared with recent years, they now have more choices—and more bargaining power.

“I expect this market momentum shift to magnify typical seasonal trends that favor home buyers in the fall,” says Danielle Hale, realtor.com®’s chief economist. According to realtor.com®’s data, the particular week of Oct. 12-18 could bring buyers not only more homes to choose among and fewer competing shoppers, but also potential average savings of more than $15,000 compared to this summer’s peak prices.

“In a year that’s been the most buyer-friendly in nearly a decade, it’s the best window of opportunity for home buyers all year,” Hale says. Plus, after a slower-than-usual summer for home sales, buyer demand may be poised for a rebound if mortgage rates continue to ease and home price increases slow.

6 Reasons to Buy This Fall

While the market has not yet tipped into a full “buyer’s market,” conditions are more balanced than they have been in years, Hale says. “This represents a significant shift after a period of historically tight supply and intense competition that left many home shoppers priced out,” she notes.

Here’s what the realtor.com® data shows tilting in buyers’ favor this fall—especially during the week of Oct. 12-18 for the majority of housing markets across the country.

1. More listings

Inventory levels typically peak in early fall, but this year the number of homes for-sale has reached the highest point since the pandemic. Active listings climbed above 1 million in late spring—a milestone not seen in years, according to realtor.com®. During the week of Oct. 12-18, buyers could see up to 33% more active listings than at the start of the year.

“This increase is giving buyers something they haven’t had in years: breathing room,” Hale notes in a recent column at realtor.com®. “More choices mean less pressure to rush into a decision or waive contingencies, and greater opportunity to find a home that fits both lifestyle and budget.”

2. Lower prices

Listing prices during the week of Oct. 12-18 typically run about 3.4% below the seasonal peak. That could translate into potential savings of more than $15,000 on a median-priced home of $439,450, realtor.com®’s data shows.

Realtor.com Median Listing Price Chart — Source: realtor.com®

3. Greater chance of price cuts

About 5.5% of homes tend to see price reductions during that week, according to realtor.com®’s research. And economists say recent trends suggest even more discounted listings could emerge this fall. (Read more: Listing Price Reduction? How to Navigate It With Buyers, Sellers)

Realtor.com Price Reductions Chart — Source: realtor.com®

4. Less competition

Buyer demand has cooled in 2025 as affordability challenges and elevated mortgage rates weigh on the market. If this October follows typical patterns, however, competition could be about 31% lower than during the peak season, easing pressure on buyers to make rushed offers.

5. A slower pace of sales

Homes are taking longer to sell—another sign buyers have more time to make decisions. The U.S. median time on the market surpassed pre-pandemic norms this summer. In October, homes typically spend about two weeks longer on the market compared with the peak season.

Still, certain homes continue to attract strong attention, with the average listing nationally drawing 2.1 offers in July and 21% of homes still selling for above the asking price, according to the latest REALTOR® Confidence Index.

6. More newly listed homes

Besides higher overall inventory, mid-October also tends to bring a wave of new listings. About 16% more homes typically debut this time of year, giving buyers additional opportunities to find a match.

Timing the Market?

While fall generally brings better deals for buyers, the “best time to buy” ultimately depends on local market dynamics—especially as affordability challenges continue to shape where and how people move.

Timing varies by metro. For example, the realtor.com® analysis found that New York and Philadelphia metros tend to have their “best time to buy” occur in early-to-mid September, ahead of the national “best week.”

Metros in Chicago, Atlanta and Dallas tend to find their sweet spot for home buyers in the Sept. 28-Oct. 4 window, whereas places like Houston, Los Angeles and Washington, D.C., more closely follow national trends of the Oct. 12-18 week.

Other locales like Phoenix, Louisville, Ky., and Charlotte, N.C., often see their prime week being Nov. 2-8, whereas several Florida markets—like Ft. Lauderdale and Tampa—have their most promising buying conditions later in the season, from Nov. 30-Dec. 6.

Check out the study for insight on your market’s projected “best time to buy” dates.

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, Redwood City Ca.

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.

How to Help Your Children Buy a Home – Shared Article

Options range from family loans to outright gifts to help your children buy a home.

If you want to help your children buy a home there are a number of ways to go about it, ranging from family loans to outright gifts. Lofty home prices, rising mortgage rates and a tight inventory of homes for sale have shut many young buyers out of the housing market. In 2023, the median age of home buyers was 49, the highest on record, according to a survey from the National Association of Realtors — which means first-time buyers are delaying their purchases. The typical first-time buyer was 35, one year less than last year’s all-time high.

With that in mind, parents (and grandparents) of would-be home buyers are often interested in helping out. Their options include gifting a down payment, co-signing a mortgage, jointly owning a home, making a loan, and buying a home outright for your children or grandchildren. Each of these avenues of financial support has its own perks and pitfalls.

First, consider how any assistance could affect family relationships. Your children or their spouses may be anxious or uncomfortable about accepting financial help from parents or in-laws. Siblings feelings matter, too. “If you have multiple children, spend some time upfront to understand how giving or loaning to one child might affect family dynamics,” says Mitchell Kraus, a certified financial planner based in Santa Monica, Calif. “We’ve seen years of resentment coming from a small loan to one family member when it was not available to another.”

Intra-family loans

One option that could benefit both parties is an intra-family loan. You may be able to offer your child a lower interest rate than a conventional mortgage lender would while still earning a higher interest rate than you could earn from a savings account. For example, if you provide your child with a mortgage at a 4.5% interest rate, you’ll earn almost four percentage points more than the 0.55% average yield for a bank savings account. Your child, meanwhile, will pay significantly less than the national average for a 30-year fixed-rate mortgage.

An intra-family loan works especially well for well-off individuals who can afford to give their children the money but prefer the financial discipline that comes with a loan, says Tim Burke, chief executive officer of National Family Mortgage, a family lending agency. “For many parents, the motivation to lend money over gifting it is just about personal accountability,” he says. “Parents feel the responsibilities that come with homeownership, and the satisfaction that comes with meeting these responsibilities builds character.”

That was the case for Mary and Terry Shaffer of Pittsburgh, who lent money to both of their children to buy homes in that city. “Our son and our daughter do not like things handed to them, although they deserve to be helped,” says Mary, 68. “They have worked hard, and they both had accumulated savings for their closing costs.”

If parents need assurance that their child can afford the monthly payments, they should ask the child to get preapproved for a conventional mortgage, Burke says. However, that could be difficult for some children, especially if they’re self-employed borrowers. Even if a self-employed individual’s debt-to-income ratio — the amount of debt you owe as a percentage of your monthly income — may support a loan, a single year in which income declines may cause a bank to reject the application.

If your child can’t get preapproval, it comes down to your judgment. “If you think your family member is not going to repay you, then don’t go through the exercise of setting up a loan that isn’t going to work,” Burke says.

Put the terms of the intra-family loan in writing so they’re clear and it’s an arm’s-length transaction, says Brian Lamborne, senior director of advanced planning at Northwestern Mutual. Putting the terms of the loan in writing can also help you deal with instances in which your children are unable to make payments. For example, you can agree ahead of time that should your child suffer financial hardship, payments will be deferred for a certain period of time — perhaps six months or up to a year — and moved to the end of the loan.

The loan agreement should contemplate worst-case scenarios as well. For example, you may want to state the conditions under which the parents could foreclose on the property so they can sell it and pay off the loan.

It’s also important to understand the tax implications for intra-family loans. Borrowers who itemize can only deduct interest on a loan secured by a mortgage if the mortgage has been properly recorded. In order to do that, families need to obtain a deed of trust and file it with the borrower’s local government authority, such as the registrar of deeds or country clerk’s office. A real estate attorney can help you draw up these documents.

If the loan exceeds $10,000, the IRS requires you to charge an interest rate equal to or above the Applicable Federal Rate (AFR), which the IRS publishes monthly. The interest must be reported as income on your tax return.

If you don’t want to act as the loan servicer, you could use National Family Mortgage to set up, document and service the loan. It will email payment reminders and monthly statements, collect and credit payments, and issue year-end IRS 1098 and 1099-INT tax forms. Cost: a one-time fee of $725 to $2,100, depending on the size of the loan, and optional loan servicing starting at $15 per month.

Making a gift

For some families, the easiest solution is to give children enough money to make a down payment or buy a house outright. Gifting spares families the hassle of a loan and damage to their relationships if a loan can’t be repaid. Mortgage lenders generally allow a relative to supply the entire down payment, but they will require a letter that provides the name of the giver, the amount of the gift and a statement that the giver doesn’t expect to be repaid.

As is the case with a loan, it’s important to understand the tax implications of this transaction. In 2024, you can give up to $18,000 per person to as many people as you’d like without having to file a gift tax return. Married couples can give up to $36,000 per person.

Any amount over the annual limit will reduce your exemption from the federal estate and gift tax. This isn’t a problem for most families because the federal estate tax exclusion is $13.61 million for 2024 or $27.22 million for married couples. However, if Congress fails to extend the 2017 Tax Cuts and Jobs Act, the exclusion will drop to about $6 million in 2026.

In any event, parents or grandparents should only give a gift they can afford without jeopardizing their own financial security. “There are no loans when it comes to your own retirement,” says Jennifer Weber, a CFP in Lake Success, N.Y. “So only help in ways that you can afford now and in the future.”

Other options: co-signing and co-borrowing

If your child can’t qualify for a mortgage based on their own income and credit record but can afford monthly payments, co-signing a mortgage is one way to help them buy a home. However, it can be risky.

A co-signer acts as a guarantor for the primary borrower, promising to assume responsibility for repayment if the primary borrower doesn’t pay as required. The lender will review your sources of income and your credit to ensure your income is high enough and your credit strong enough to qualify for a mortgage.

If your child falls behind on monthly payments, your own credit could suffer. Plus, co-signing for a mortgage will increase your own debt-to-income ratio which could make it more difficult for you to borrow for your own purposes. Also, some lenders don’t allow co-signers.

In another arrangement, a co-borrower or joint applicant shares ownership of the loan and assumes responsibility for payments from the start. In general, you and your child combined must put down at least 20%, and your child must cover the first 5% of the down payment from their own funds. Otherwise, the property may qualify as an investment, in which case you’ll be charged a higher interest rate for the loan and be required to have more financial reserves. But If your child fails to pay the mortgage, property taxes or insurance on time, that could ding your credit history or result in a lien against the property.

I read this article HERE. By Emma Patch

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 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 – 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, Redwood City Ca.

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.

How to Navigate the Homebuying Process with Confidence – Shared Article

Buying a home is one of the biggest financial decisions you’ll ever make. It’s exciting, but it can also feel overwhelming if you don’t have the right guidance. The key to navigating the homebuying process with confidence is understanding the steps involved and working with the right professionals. Here’s how you can make your journey smoother and more successful.

1. Get Pre-Approved for a Mortgage

One of the first steps to take when buying a home is getting pre-approved for a mortgage. This gives you a clear understanding of your budget and strengthens your position when making an offer. Lenders will review your credit, income, and financial history to determine how much you qualify for. Having a pre-approval letter in hand signals to sellers that you are a serious buyer.

2. Work with a Knowledgeable Real Estate Agent (like The Caton Team)

A real estate agent can be your best ally in the homebuying process. They have access to market insights, negotiation expertise, and a deep understanding of the home search and purchase process. Choose an agent with experience in your preferred area who can help you find the right home and guide you through each step of the transaction.

3. Understand the Market and Set Realistic Expectations

Before you start house hunting, take the time to research the local real estate market. Look at property prices, neighborhood trends, and inventory levels. This helps you set realistic expectations about what you can afford and what’s available within your budget. Your real estate agent can provide valuable insights to help you make informed decisions.

4. Make a Competitive Offer

Once you find the right home, it’s time to make an offer. Your agent will help you determine a fair price based on comparable properties and market conditions. In competitive markets, you may need to act quickly and include strong terms, such as a larger earnest money deposit or a flexible closing timeline, to make your offer stand out.

5. Conduct a Thorough Home Inspection

A home inspection is a crucial step that helps uncover potential issues with the property. Hiring a professional inspector ensures you know about any hidden problems before closing. If significant issues arise, you may have the option to negotiate repairs or reconsider your purchase.

6. Secure Financing and Prepare for Closing

Once your offer is accepted, work closely with your lender to finalize your mortgage. This involves submitting required documents, locking in your interest rate, and reviewing loan terms. Additionally, you’ll need to secure homeowners insurance and complete any final paperwork. Your real estate agent and lender will guide you through this process to ensure a smooth closing.

7. Close the Deal and Move In

The final step is closing day, where you’ll sign the necessary documents, make your down payment, and receive the keys to your new home. Before moving in, do a final walkthrough to confirm the property is in the agreed-upon condition. Then, celebrate—you’re officially a homeowner!

Final Thoughts

Buying a home doesn’t have to be stressful. With the right preparation, professional guidance, and a clear understanding of the process, you can confidently navigate your homebuying journey. If you’re looking for expert assistance, reach out to experienced mortgage professionals who can help you every step of the way.

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, Redwood City Ca.

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.

Overcoming Challenges: How to Turn Homeownership Into Your Greatest Achievement – Shared Article

Buying a home is a major milestone, but it also comes with challenges. Whether you’re navigating financial hurdles, competitive markets, or unexpected repairs, overcoming these obstacles can make homeownership even more rewarding. Here’s how you can turn challenges into triumphs.

1. Financial Preparation

Budgeting for homeownership goes beyond the down payment. Plan for closing costs, maintenance expenses, and emergency repairs to avoid financial stress down the road.

2. Competing in a Competitive Market

In hot markets, multiple buyers may be vying for the same property. Strengthen your position by getting pre-approved, making a strong offer, and working with a skilled real estate agent.

3. Managing Home Maintenance

Owning a home means taking care of ongoing maintenance. Set aside funds for routine upkeep and unexpected repairs to keep your property in top shape.

4. Long-Term Value

Think beyond the purchase—homeownership is a long-term investment. Keep up with property improvements, understand market trends, and consider refinancing opportunities to maximize your home’s value over time.

5. Embracing the Homeownership Mindset

Homeownership is not just about buying a property—it’s about creating stability, building wealth, and making memories. Approach challenges with a proactive mindset and embrace the journey to turn your home into a valuable and fulfilling asset.

By preparing for these challenges and staying proactive, you can turn homeownership into one of your greatest financial and personal achievements.

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, Redwood City Ca.

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.

100 Things Buyer’s Agents Do for Their Clients – Shared Article

I am often asked – what do you do for your clients? Well, this article about covers it. So here we go… 100 things a Buyer’s Agent and The Caton Team do for their buying clients…

Before Your Search Begins

Understand your needs and wants as a buyer (e.g., number of bedrooms, desired school district, commute time)
Discuss your budget and pre-qualification options (explain pre-qualification vs. pre-approval)
Educate you about the current real estate market (local trends, market conditions)
Explain the buying process (steps involved, timeline)
Provide a buyer’s agency agreement outlining their responsibilities, compensation, and fiduciary duty to represent your best interests
Discuss financing options (conventional loans, FHA loans, VA loans)
Help you get pre-approved for a mortgage (connect you with lenders, understand loan terms)
Explain the role of different parties involved (seller’s agent, escrow officer, title company)
Advise on homeowner’s insurance considerations (types of coverage, estimated costs)
Discuss potential tax implications of buying a home

During Your Search

Set up a personalized MLS search based on your criteria (location, price range, property type)
Recommend properties that meet your criteria and highlight key features
Schedule appointments to view properties and manage your showing itinerary
Provide virtual tours if available and conduct virtual consultations if needed
Research the neighborhoods you’re interested in (schools, amenities, crime rates)
Point out pros and cons of each property during showings
Offer honest and unbiased opinions based on your needs and market knowledge
Identify potential problems with properties (structural issues, outdated features, renovation needs)
Help you stay organized with property information (create spreadsheets, share notes)
Track new listings that hit the market and notify you of potential matches
Schedule follow-up appointments for properties you’d like to see again
Answer questions about open houses and how to best approach them
Explain the role of “coming soon” listings and pre-market opportunities
Advise on strategies for attending competitive open houses
Help you understand the concept of “pocket listings” (unlisted properties)
Offer guidance on making low-ball offers (weighing risks and benefits)
Find out the level of competition on the homes are you considering*
Discuss the importance of earnest money deposits*
Advise on timelines for submitting offers and response expectations
Help you prioritize properties based on your evolving needs and preferences

Making an Offer

Explain different offer strategies based on market conditions (fixed price, escalation clauses)
Help you determine a competitive offer price considering comps (comparable properties) and market analysis
Draft and submit a formal offer following standard real estate contract formats
Negotiate on your behalf with the seller’s agent to get the best possible terms
Present counteroffers strategically to improve your offer’s position
Recommend concessions you can request beyond price (closing costs, repairs, warranties)
Advise on closing costs and help you estimate associated fees
Ensure all contingencies are included in the offer to protect your interests (financing, inspections, appraisals)
Explain the concept of “due diligence” period and your rights during that time
Keep you informed of the negotiation process and provide timely updates

Under Contract

Schedule and coordinate the home inspection with a qualified inspector
Accompany you to the home inspection to ask questions and take notes
Review the home inspection report with you, explaining findings and potential repair needs – please note in the Bay Area we do this BEFORE you write an offer
Negotiate repairs with the seller based on the inspection report – if feasible
Help you understand the process of scheduling and attending additional inspections (e.g., radon, pest)
Facilitate communication between you and the lender to ensure smooth loan processing
Ensure you are on the same page as your lender and the offer time line*
Help you gather necessary documents for loan approval (tax returns, bank statements)
Schedule and attend the appraisal (if required by your lender)
Review the appraisal report and explain its impact on
Advise on potential challenges with loan approval and suggest solutions
Explain the role of private mortgage insurance (PMI) if applicable
Help you understand the escrow process and communicate with the escrow officer

Before Closing

Order title search to identify any ownership or lien issues
Review the title commitment and explain its implications
Advise on homeowner’s insurance options and help you get quotes
Schedule the final walk-through to ensure the property’s condition aligns with the contract
Ensure home is as agreed upon are completed before closing*
Review closing documents thoroughly and explain each section
Answer any questions you have about closing and prepare you for the process

After Closing

Provide recommendations for reputable movers based on your needs and budget
Help you connect with home warranty companies to explore coverage options
Offer recommendations for home improvement contractors for post-purchase renovations
Stay in touch and answer any questions you have after closing
Provide resources for navigating homeownership, including maintenance tips and homeowner associations (HOAs)

Additional Services

Provide resources for school information and district ratings
Help you understand local property taxes and potential exemptions
Advise on homeowner association (HOA) fees and explain HOA rules
Explain the benefits and drawbacks of different property types (single-family home, condo, townhouse)
Help you understand lead paint disclosures and potential remediation requirements
Assist with navigating historical property reports to understand the property’s background
Recommend resources for obtaining permits and inspections for renovations
Connect you with property management companies if you plan to rent out the property
Help you understand the process of obtaining homeowners’ insurance
Offer guidance on budgeting for ongoing homeowner expenses (maintenance, utilities)

Client Communication

Be available to answer your questions by phone, email, text, or preferred method
Communicate promptly and effectively, keeping you informed throughout the process
Advocate for your best interests during negotiations and throughout the transaction
Provide you with clear and concise explanations, avoiding technical jargon
Be patient and understanding, acknowledging the stress involved in buying a home

Market Knowledge

Stay up-to-date on current market trends (inventory levels, interest rates, price fluctuations)
Analyze local market data to identify buying opportunities
Provide insights into specific neighborhoods, highlighting pros, cons, and future development plans
Offer comps (comparable properties) for reference during your search
Help you understand seller motivations to inform your offer strategy

Technology

Utilize technology to streamline the buying process (electronic signatures, online portals)
Use digital tools for property searches with interactive features and filters
Offer electronic document signing for added convenience and efficiency
Provide online communication platforms for easy information exchange and updates
Use marketing tools to target potential properties that meet your criteria

Negotiation Skills

Negotiate effectively on your behalf to secure the best possible terms
Present your offer in the best light, highlighting your strengths as a buyer
Counteract seller’s arguments strategically to improve your offer’s position
Advocate for repairs without jeopardizing the deal by finding common ground
Help you achieve a win-win outcome that satisfies both parties
Maintain a high level of professionalism throughout your interactions
Dress appropriately for appointments and meetings, projecting a positive image
Be respectful of all parties involved (sellers, agents, inspectors)
Adhere to a strict code of ethics, ensuring fair and honest representation
Conduct business with integrity and transparency, building trust with your clients

There you have it – a short list of what The Caton Team does for their clients.

I read this article HERE. * Adjustments I made to article

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, Redwood City Ca.

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.

How Real Estate Agents Can Help Home Buyers Understand Financing – Shared Article

I read this article HERE.

Nearly one in three renters admit to delaying a home purchase because of misgivings about the mortgage process. Here’s how you can get them on the right page.

Man looking at computer screen with confusion

Americans are confused about mortgages and many other financial aspects of homeownership, according to a new survey of about 1,000 prospective buyers and homeowners conducted by JW Surety Bonds. Read the whole survey HERE.

One in three renters say their lack of knowledge about homeownership has caused them to delay a home purchase, while homeowners admit to making some costly mistakes in the homebuying process because of a low homeownership IQ.

Real estate professionals must play the role of an educator, helping to clear up their clients’ misunderstanding about a home purchase. “It’s clear that improved education and resources could help foster Americans’ homeownership success,” researchers note in the JW Surety Bonds survey. “As the housing market continues to change, so must our approach to homeownership literacy.”

The Gaps in Homebuying Knowledge

Aside from confusion about mortgages, home buyers also appear to misunderstand the added costs involved when buying a home, such as closing costs and property maintenance. The JW Surety Bonds survey uncovered the following consumer knowledge gaps about homeownership:

Unaware of key real estate terms. One in eight buyers surveyed could not accurately define what a “mortgage” is, and 43% were unsure of the meaning of “mortgage rate,” the survey found. That knowledge gap may be alarming, considering that 74% of buyers financed their home purchase with a mortgage in 2024. You can provide your clients with NAR’s Consumer Guide on mortgages and financing, as well as a customer handout on loan and lending terms to know.
Failing to shop around for a mortgage. Forty-one percent of homeowners say they did not feel confident negotiating mortgage rates or refinancing terms with a lender, the survey found. But the average borrower could save an average of $76,410 over the life of their loan—or $212 a month—just by comparison shopping for a mortgage and negotiating rates, according to a 2024 survey from LendingTree. Also, many buyers say they were unaware of more affordable loan options, such as FHA loans, VA loans (you can share NAR’s Consumer Guide on what veterans need to know about buying a home) and other low down payment programs that could particularly impact first-time home buyers. You can provide your clients with NAR’s Consumer Guide on buying your first home, as well as a customer handout on questions to ask when choosing a lender.
Not budgeting for hidden homeownership expenses. More than a quarter of homeowners—27%—say they were caught off guard about unexpected fees during the homebuying process, according to JW Surety Bonds’ research. Real estate professionals can help their clients prepare for the added costs, such as property taxes, homeowners insurance, homeowners association fees (if applicable) and routine property maintenance. (Most financial advisers recommend saving 1% to 2% of the home’s purchase price annually.) What’s more, 40% of homeowners say they do not use an escrow account to pay their property taxes, which could expose them to large annual tax bills, the survey’s researchers caution. You can provide your clients with NAR’s Consumer Guides on homeowners insurance—including specific guidance on flood and fire coverage—and escrow and earnest money. Also, you can share a comprehensive overview of transactions involving homeowners associations.
Not paying attention to home affordability. Some home buyers may be at risk of overspending on their home purchase. It could lead to buyer’s remorse: One in nine homeowners say they regret buying their home due to unexpected costs they learned about only after closing. Further, one in nine homeowners say they spend more than 50% of their monthly income on housing costs—a percentage that most financial experts would consider severely “cost-burdened.” Another 36% of homeowners say they did not have an emergency fund to cover unexpected home repairs, leaving them vulnerable to further financial strain, the survey notes. You can share NAR’s Consumer Guide on preparing for homeownership and provide a customer handout with a worksheet to track your clients’ budgets.

Where Home Buyers Can Turn for Guidance

Some prospective home buyers are on the lookout for more answers and guidance on the homebuying process. NAR has many Consumer Guides covering various aspects of the process, from written buyer agreements to home inspections and appraisals, at facts.realtor. Here are other top sources consumers cite for gathering homeownership information, according to the JW Surety Bonds survey:

Friends or family: 64%
Articles or blogs: 49%
Real estate agents: 31%
YouTube: 29%
Financial advisers: 17%
Online courses: 14%
TikTok: 13%

How Real Estate Agents Can Improve Homebuying Education

Real estate professionals may be able to help improve their clients’ homeownership literacy while also expanding their outreach. Try this:

Host education seminars. Team with lenders or financial advisers to offer buyers education seminars that highlight the financial aspects of a home purchase, such as the types of loans available and getting pre-approved for a mortgage. Loans and grants for first-time home buyers may help your clients better afford homeownership.
Talk real estate on social media. Glennda Baker, an associate broker with Glennda Baker + Associates, Inc., in Atlanta, has amassed more than 870,000 followers on TikTok with her short-form real estate education videos. Her videos cover a range of topics, including homebuying mistakes, financing a home purchase and living under a homeowners association.
Customize your consumer handouts. Publish content on your blogs and newsletters and provide handouts about the various aspects of home buying. REALTOR® Magazine offers customizable client education and handouts that detail the steps involved in a home purchase, from financing to closing.

Written by Melissa Dittmann Tracey

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, Redwood City Ca.

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.

For Sale – 445 Parrott Drive San Mateo

For Sale by The Caton Team –

Welcome to 445 Parrott Drive in sought after Baywood Knolls. This lovingly maintained home has beautiful refinished hardwood floors throughout and has been freshly painted both inside and out. Featuring 4 bedrooms and 3 full baths, the inviting floor plan surrounds a beautiful stone patio and yard. Feel the spaciousness of the vaulted open beam ceiling and floor to ceiling windows of the living room. Enjoy entertaining in the formal dining room with bay window and custom built-in cabinetry. The primary bedroom with open beam ceiling includes a walk-in closet, bath with large tub, stall shower and dual sinks. A shared bath adjoins two of the additional bedrooms. The fourth bedroom and 3rd bath are opposite the bedroom wing and off the kitchen area. The updated kitchen with breakfast space features high-end cabinetry, stainless steel appliances, granite counters and large island with sink and built in microwave. A laundry closet with stack washer/dryer finishes the kitchen area. Enjoy the serenity of the lovely rear yard with stone patio, lawn and mature landscaping. Stairs lead up the elevated hillside to the cabana with hot tub. Convenient to downtown San Mateo, Caltrain, and Highways 92, 280 and 101. Welcome home.

Information & Photos | 3D Tour

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

Cell | Sabrina 650.799.4333 | EMAIL | WEB | BLOG

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, Redwood City Ca.

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.

Protected: Buying Real Estate with The Caton Team

Homeownership Is Still at the Heart of the American Dream – Shared Article

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow:

“The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go away.”

Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors (NAR), says:

“Homeownership is the number one way to build wealth in America.”

Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down. Habitat for Humanity explains:

“Overall, homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Homeowners make monthly payments that increase their equity in their homes by paying down the principal balance of their mortgage. . . . In addition, owning a home promotes intergenerational homeownership and wealth building. Children of homeowners transition to homeownership earlier — lengthening the period over which they can accumulate wealth . . .”

It can also provide meaningful financial stability compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.

The Non-Financial Benefits of Homeownership

But, owning a home offers more than just financial benefits—it benefits you socially and emotionally too. Your home provides feelings of achievement, responsibility, and more. In a recent survey, Fannie Mae outlines just a few of these more emotionally-driven benefits, including:

“The top three were having control over what you do with your living space (94%) to having a sense of privacy and security (91%) and having a good place for your family or to raise your children (90%) . . .”

What Does That Mean for You?

If your idea of the American Dream involves greater freedom, security, and prosperity, homeownership could be a key player in bringing that dream to life. And with mortgage rates now on a downward trend, it might be a good time for you to consider making a move.

If you’re ready and able to buy, know that there are incredible benefits waiting at the end of your journey. You’ll gain more than just a home – it’s a place to grow your wealth and call your very own. Like Ksenia Potapov, Economist at First American says:

“…homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households.”

Bottom Line

Buying a home is a powerful decision and the cornerstone of the American Dream. If finding a place to call your own is part of your dream for this year, connect with The Caton Team, a trusted, local real estate advisor to start the process today.

SOURCE

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, Redwood City Ca.

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.

‘We would rather have wedding money spent toward a home than getting gifts”

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

6 Reasons to Buy This Fall

1. More listings

2. Lower prices

3. Greater chance of price cuts

4. Less competition

5. A slower pace of sales

6. More newly listed homes

Timing the Market?

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

Intra-family loans

Making a gift

Other options: co-signing and co-borrowing

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

1. Get Pre-Approved for a Mortgage

2. Work with a Knowledgeable Real Estate Agent (like The Caton Team)

3. Understand the Market and Set Realistic Expectations

4. Make a Competitive Offer

5. Conduct a Thorough Home Inspection

6. Secure Financing and Prepare for Closing

7. Close the Deal and Move In

Final Thoughts

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

1. Financial Preparation

2. Competing in a Competitive Market

3. Managing Home Maintenance

4. Long-Term Value

5. Embracing the Homeownership Mindset

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

Before Your Search Begins

During Your Search

Making an Offer

Under Contract

Before Closing

After Closing

Additional Services

Client Communication

Market Knowledge

Technology

Negotiation Skills

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

The Gaps in Homebuying Knowledge

Where Home Buyers Can Turn for Guidance

How Real Estate Agents Can Improve Homebuying Education

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

For Sale by The Caton Team –

Information & Photos | 3D Tour

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

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this:

The Financial Benefits of Owning a Home

The Non-Financial Benefits of Homeownership

What Does That Mean for You?

Bottom Line

Got Questions? The Caton Team is here to help.

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

Share this: