SALE PENDING – Feels So Good!

The Caton Team just had the pleasure of helping a lovely family purchase their first home in San Mateo County.  They used the awesome HEART Loan for San Mateo County with it’s low 5% down payment, 80% First loan and 15% second loan to avoid the dreaded PMI cost.  With the amazing availability of the current LOW INTEREST RATES – we turned their dreams into reality!  There are still great home options available and if a home is for sale during the holidays – they need to sell.  Why wait for the hustle bustle of Spring – when you could be in your new home by New Years.  Contact The Caton Team and find out how! 

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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.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

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

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

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.


 

Testimonial of the Day – From Jenny

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To The Future Clients of The Caton Team

Buying a house can be a very scary experience especially in the San Francisco Bay Area where very high stakes are involved.  I have purchased home in other states and nothing was quite like it is here.

The Caton Team helped smooth and ease the way whenever there was a ‘pothole-in-the-road’ on the way to owning my home.  It is nice having a “team approach” because I felt like I would receive two opinions that gave me different perspectives to look at.  I was then able to see through their eyes the ‘diamond in the rough’ and, what I could do with it.

I found them to be kind, caring, understanding and sensitive to my needs, informative, diligent and sympathetic to my situation.  Their follow-through was great!  They didn’t leaving me hanging with “I’ll get back to you.”  They found the answers to all my questions and in a timely manner.

I felt they went above and beyond when I asked them to video tape an entire house, including a fuze box and “sniff” the craw space for me.  I happened to be in another state at the time and needed them to act quickly because the property I was looking at was very active.  This really helped because it made up my mind that I was gong to bid on it.

I liked the fact that, if I couldn’t reach Sabrina I could talk to Susan and, the messages got communicated between them. We were all on the same page!

I am so grateful that they were able to move quickly through the process so I could be in the game of the ‘biding war”.

And, as it turned out, with either advice I got the home I was bidding on and wanted!

Thank you Caton Team!

– Jenny B.

Contact us for a consultation if you’re considering buying or selling real estate.

Know of anyone who needs a hard-working, full-time, dedicated Realtor – let us know! We’d be happy to take great care of them!

To read all our testimonials visit The Caton Team Testimonials and Yelp!

 

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.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

 

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

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

 

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.

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Opportunity to Own in El Granada

Heading over to our open house in El Granada this weekend, we were stuck in the 92 traffic just like everyone else.  Then it dawned on me – if I lived at 187 Del Monte Road in El Granada – I’d already be there!

When we did arrive, walking into this home took our breath away.  What a tranquil retreat!  The first floor opens to a gorgeous living room with windows galore.  The ocean spans over the view and touches the sky right in your living room.  To the right is a staircase down to the lower, bedroom and bonus room levels.  The first floor has a totally remodeled kitchen with cherry cabinets, granite counters and stainless appliances.  The gas range is built for a chef!   I could see many a party held in there.  The kitchen opens to the beautiful dinning room with inviting windows and ocean views all around.  There is a half bath and bedroom on the first floor – a great office space.  2 car garage right off the kitchen.

The three bedrooms down stairs are spacious and bright.  The master bedroom is its own suite, with private bath, extra storage, fireplace, cozy seating area and private balcony – looking out at the sea.  Definitely the type of bedroom you’d want to relax in every night. 

The third story below is a great bonus room for working out or a workshop.  Head down the side of the garden to the fire-pit and seating area below – ready to unwind with a glass of wine, some warm blankets and the people you love. 

187 Del Monte Rd has 4 bedrooms, 2.5 baths, high-end finishes and appliances, gorgeously remodeled and ready to call your own.  With ocean views and a deck to soak it all up in – who wouldn’t want to make El Granada home?

Contact The Caton Team for a private showing and the disclosure package. 

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

For More Information visit our website at 187 Del Monte in El Granada

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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.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

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

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

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

Thank you Tavis and Associates & Berkshire Hathaway HomeServices, Drysdale for sharing your listings with The Caton Team.

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


 

Interest Rates are SUPER LOW – is it time to refinance or buy?

A mortgage refinance can create numerous opportunities for a homeowner. Traditionally, homeowners choose to refinance to secure a lower interest rate or change the terms of the loan. There are other advantages to refinancing, as well, depending on your situation.

Are you ready for a mortgage refinance? Do you know someone else who might be?

Review our personalized refinance checklist below and if you get a “yes” to one or more of these questions, it might be the right time:

  1. Can you lower your interest rate? Mortgage interest rates can fluctuate based on the borrowers financial profile and greater economic influencers. If a rate refinance can get you an interest rate at least 1 percentage point lower than your current interest rate, you could save hundreds or even thousands of dollars on mortgage interest.
  1. Has your credit score improved? If you have made your mortgage payments on time, lowered your debt-to-income ratio, and used other credit accounts responsibly, chances are your credit score has improved. A higher credit score can help you refinance into a better loan.
  1. Can you shorten your loan terms? You may have financed your original home purchase with a 30-year fixed-rate mortgage, but after a few years you find you might benefit from a 15-year fixed-rate mortgage. Shorter term mortgages tend to have lower interest rates, and a term refinance can help you take advantage of those lower rates.
  1. Do you want to convert from adjustable-rate to fixed-rate or vice versa? The advantages of an adjustable-rate and fixed-rate mortgage vary from homeowner to homeowner. Whether your original mortgage was an adjustable-rate or a fixed-rate, the current interest rate environment may be better suited for the other type.
  1. Do you want to tap into home equity? As home values continue to rise, many homeowners are considering withdrawing home equity to use for home improvements, to pay down debts, or to meet other financial goals. If your home has appreciated in value since its purchase, and you have at least 20% equity in your home, a cash-out refinance or refinance into a Home Equity Line of Credit may be a great option for you.

If you answered “yes” to one or more of the questions above, or you know someone that would, we should talk! Before pursuing a mortgage refinance, it is best to have me review the specific situation to determine whether or not it’s the right move.

The flip side of low interest rates – means the cost to borrow money is down – making the cost of home ownership more reasonable.  A buyer can afford MORE HOUSE when interest rates are down.  The moment rates rise – a buyer will see an adjusted loan amount from their bank – meaning they can afford less house.  Interest rates change daily – the only way to lock into the low rate is to get into contract on a house and buy it. 

With so many facets to cover, The Caton Team prefers to meet our clients face to face so we can determine what is the best course of action for you and your loved ones.  Contact us anytime for a free Real Estate consolation. 

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.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

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

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

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.


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Family Room | Craftsmans Kitchen | For Sale in Newark

Whats the most important factor is Real Estate? Location Location Location. Del Monte is in a fantastic, well established & maintained neighborhood. This home has AC, forced air heat, LED lighting, dual pane windows & sliders, hardwood, vinyl, tile, carpet & laminate flooring. Spacious living/dining combo with fireplace & vaulted ceiling. Custom Craftsman Kitchen with electric glass cooktop/dual oven range, dishwasher, microwave & custom refrigerator – all overlooking the spacious back yard. Family Room with informal dinning. Play Fort, Greenhouse & Drought Tolerant plants makes landscaping a breeze. ALL APPLIANCES INCLUDE. 2 Car Garage w Laundry, Freezer, drink fridge. All this and 4 Bed with 2 Baths including Master Suite and private office. Close to schools, parks, shopping, 880, the Bridge, Facebook & Tesla. FULL Disclosure package available – CLEAN REPORTS! Excellent condition. Worth a look – 8213 Del Monte Ave in Newark is a well maintained home, with classic features in excellent condtion.  We have a full disclosure package with home, pest and roof inspections available upon request.  Contact The Caton Team with any questions.  

See more photos at: Facebook Photo Album of Del Monte Ave 

Call | Text 650.799.4333 | Email Info@TheCatonTeam.com

Upon entry you are greeted with tall vaulted ceilings and a burst of cheerful color in the large living anddining area; appointed with dual pane windows, fireplace, hardwood floors and tile.  The double doors on your left lead you to the 4th bedroom configured as a home office.  Pass through to the family room and find an informal eating area off the Craftmans style kichen with custom oak cabinetry and beautiful green tile.  The dual oven, glass top electric range, built in regrgerator, dishwasher and microwave are all at your finger tips while overlooking your back yard.  Large sliding glass doors connect the home with the garden in the family room with space for entertainment area.  Three bedrooms and hall bath featuring a shower over tub.  The master suite is tucked at the back of the home with a on private entry into the garden.  Ample closet space in each room, not to mention the oversized two car garage with washer, dryer, freezer and mini fridge included.  The garden is landscaped with drought tolerant plants such as succulents and shrubs.  Two long time lemon trees ready for your kitchen adventures.  The greenhouse, custom fort and tool sheds come with the home.  Del Monte Avenue is in lovely Newark and ready to make your own. Contact The Caton Team for a private viewing and more information.  Call | Text 650.799.4333 | Email Info@TheCatonTeam.com

Visit our website for further details:

Info on Del Monte Ave, Newark | The Caton Team Links

MLS ML81730678

Available by Appointment

Contact the Caton Team with any questions! Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 | Email |   Info@TheCatonTeam.com

Visit our website for further details:

Info on Del Monte Ave, Newark

Realtor.com on 8213 Del Monte Ave

Facebook Photo Album of Del Monte Ave

Instagram Photos for Del Monte Ave

Redfin info on 8213 Del Monte Ave

Zillow Info on 8213 Del Monte Ave

Trulia info for 8213 Del Monte Ave

 

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Got Questions – The Caton Team is here to help. The Caton Team Links

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.

Call | Text 650.799.4333 | Email Info@TheCatonTeam.com

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

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | The Caton Team Website | The Caton Team Advantage | How to Buy While Selling Real Estate

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

Visit us at:  Our Blog | TheCatonTeam.com | Facebook | InstagramHomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Berkshire Hathaway HomeServices – Drysdale Properties Sabrina DRE# 01413526 / Susan DRE #01238225 / Team DRE# 70000218/ Office DRE #01499008

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

House hunting for first-time homebuyers: is there a right way?

A lot of buyers, especially first-timers, worry about whether or not they’re going about their home search the right way.

On the one hand, buyers fret that if they find their “dream home” too early, they might be missing out on something better. But, on the other, if the process takes a while, they worry that they’ll never find a home that works for them. The FOMO is real.

Keep reading to find out if you’re on track with your home search and what you should do if you find that you need to go back to the drawing board.

How many homes should you see?

Honestly, that depends. While we understand the impulse to try and rely on hard-and-fast statistics, homebuying is a truly personal experience rather than a science.

Trust your intuition. You know your needs, likes, and dislikes better than anyone else. You’ll know when you’ve landed on the property that makes the most sense for you to call home.

That said, though, there are a few things you can do to help speed your search along:

If you’ve been looking for a while and haven’t really found anything that meets your needs, it might be time to redefine search criteria. Sit down and take some time to think about which features you really need to have in your new home versus which are more nice-to-have, wishlist items.

Narrowing your search

Sometimes, narrowing search criteria can get tricky. If you’re unsure of where to start, try using the following as a starting point.

Neighborhoods

Focusing in on a particular area is one of the easiest ways to refine your search. You can start by doing research into different neighborhoods by you. Think about what you commute to work will look like, if the area has amenities that you enjoy, the quality of the school district, and home values.

With that in mind, though, you getting too hung up on a particular zip code can also limit your criteria. The key is keep an ideal location in mind while still staying open to possibility.

Bedrooms & bathrooms

When searching for a house, you should have a firm idea of how many bedrooms and bathrooms you’re after. Whether you’re just looking to accommodate yourself and the occasional guest, are thinking about starting a family in the near future, or want the option to convert a spare bedroom into an office, this information will surely help narrow your search.

We advise against compromising on this feature because, while it is possible to put an addition on later, doing so takes a substantial amount of time and effort. More often than not, homeowners find that they would rather put their home on the market than go through the hassle of trying to renovate it to fit their changing needs.

Sale price

This is the big one. Once you have the above two details settled, it’s time to narrow your search results further to only those homes that you can truly afford. If you’ve already applied for a pre-approval, that number can be a good place to start. However, remember that a pre-approval shows the maximum amount that you can ask for in a loan. You may not want to borrow up to that amount once you factor in the rest of your monthly expenses.

To find a more comfortable sale price, we recommend using a mortgage calculator to get a sense of what your monthly payment could look like at various loan amounts and interest rates. Then, once you’ve landed on a number that works for you, try plugging that into your monthly budget to get a sense of how the payment will feel in addition to your other costs.

Now what?

The good news is that once you’ve narrowed your search down, your pool of available properties will likely be much smaller than it was before – and much more targeted to meet your needs. From here, your search will be about zeroing in on your perfect match on the basis of which property was the best fit for your personal tates.

You’ll know when a property feels like it could become home versus when you’d be trying to make the best of an imperfect situation. Keep hunting until you find the former.

 

This article originally appeared on OpenListings.

 

Got 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 upmost 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.

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

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

The Caton Team Testimonials

The Caton Team Blog – The Real Estate Beat

The Caton Team Website

The Caton Team Advantage

How to Buy While Selling Real Estate

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

Visit us at:  Our Blog * TheCatonTeam.com * Facebook * Instagram * HomeSnap* Pintrest * LinkedIN Sabrina * LinkedIN Susan

Thanks for reading – Sabrina

Berkshire Hathaway HomeServices – Drysdale Properties

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

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

Rent vs. Buy

HAPPY TAX DAY!  To all you homeowners – congratulations on the mortgage interest write off.  To all you renters – take a read…

 

The Misleading Math Behind the Rent vs. Buy Calculation

By Jonathan Smoke |

 

There’s about $13.1 trillion stashed away in the United States, in plain sight. Where? In our homes!

Do we have your attention yet?

That’s the total value of the equity held by over 75 million U.S. homeowners, according to the latest estimates from the Federal Reserve Board. And that works out to almost $175,000 per owning household.

This is unmistakable evidence that homeownership is a critical building block of household wealth. Owning a home is a key reason why the median net worth of a homeowner is almost $200,000 while the median net worth of a renting household is just over $5,000.

Sure, part of that is because owners were able to pony up a chunk of money to put down on a house, and to qualify for a mortgage. But the act of paying for a mortgage actually helps produce more wealth, by freezing payment amounts and building equity through forced savings.

A 30-year amortized, fixed-rate mortgage is a beautiful thing. It provides an affordable path to buying a home while locking in today’s cost of that home for the life of the loan.

The traditional rent versus buy argument compares the total monthly costs of buying a home with a mortgage with the corresponding rent. So that comparison is relevant when it comes to representing the housing choice trade-off in clear cost terms.

Two years ago, that head-to-head heavily favored buying, thanks to very low mortgage rates and lower prices. Back then, more than three-quarters of the counties in the country saw lower buying costs than renting costs.

With prices and rates higher now, less than half of the counties in the country see math that favors buying.

But those raw numbers hide the fact that unlike a rent check, a percentage of every monthly mortgage payment—after the lender is paid interest—goes toward the owner’s home equity. That means it’s really a forced savings plan.

Over time, less of the mortgage payments go toward interest and more go toward equity, so the savings power is enhanced further.

Here’s how that works out for a median-price home of $250,000 bought in January with 20% down with a monthly payment of $976.

Before their first payment, the proud new homeowners had $50,000 in equity thanks to their down payment. (Actually, 20% down isn’t always typical or necessary, but, hey, it keeps this illustration simple.)

In the first year, an average of 29% of the monthly payments builds equity. After 12 payments, the homeowners have just over $3,400 in added equity.

By year 14, 50% of the monthly $976 payment goes toward equity. Don’t forget that the monthly payment hasn’t changed, because the interest rate was fixed.

At the end of the 14th year, just shy of $64,000 has been added to the initial $50,000 in equity.

In the final year of the 30-year mortgage, while the monthly payment remains $976, 98% of the monthly payments builds equity until that magic day when the home is owned free and clear.

Think you can beat that with rents? Researchers at Harvard put it this way:

“While studies simulating the financial returns to owning and renting find that renting is often more likely to be beneficial, in practice renters rarely accumulate any wealth. In no small part this seems traceable to the difficulties households face in trying to save absent either a clear goal or an automatic savings mechanism.”

So, you want a better rent versus buy illustration? First, find a place to rent for no more than $976—the same as our mortgage payment example above. If you can rent for less, great. Will you be able to save that difference amounting to at least $3,400 in the first year? That would imply you can really pay only about $700 in rent to get the same savings effect.

If you can’t save $3,400 yourself by paying less in rent, ask the landlord if he’ll take a portion of your rent payments and set it aside for your rainy day fund.

Then ask the landlord if he’ll set your rent payment at today’s rate for the next 30 years. And before you close the deal, ask him to raise the rainy day share each year by 1% to 2% until year 30, when he’ll get only 2% of the rent payment.

Clearly, this would not be easy to do.

Even if the house only keeps pace with inflation over 30 years, which is a very conservative assumption, the forced savings inherent in a mortgage guarantees a homeowner is building wealth. A renter household has to be extremely diligent to amass the same savings that the good ol’ 30-year mortgage does automatically.

 

I read this article at: http://www.realtor.com/news/trends/misleading-math-rent-vs-buy/?identityID=9851214&MID=2017_0224_WeeklyNL&RID=353497822&cid=eml-2017-0224-WeeklyNL-blog_1_misleadingmathrentvsbuy-blogs_trends

Remember to follow our Blog for the local real estate beat, a pulse on the San Francisco Peninsula at: https://therealestatebeat.wordpress.com

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at: Info@TheCatonTeam.com

Call us at: 650-568-5522 Office: 650-365-9200

Want Real Estate Info on the Go? Download our FREE Real Estate App:  http://thecatonteam.com/mobileapp

HomeSnaphttp://www.homesnap.com/Sabrina-Caton

Visit our Website at:   http://thecatonteam.com/

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Or YELP me: http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

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Connect with us professionally at LinkedIn: https://www.linkedin.com/in/sabrinawendtcaton

https://www.linkedin.com/in/susancatonrealtor

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Effective. Efficient. Responsive.  What Can The Caton Team Do For You?

 

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008