Testimonial of the Day – From Nisi

“I’m pretty sure without The Caton Team we wouldn’t have been able to buy our house. We started looking right before the housing market crashed and was going back and forth on qualifying for a loan.   They made it happen-it’s a long story and I can make short and sweet. Please use The Caton Team for your house buying needs!  Really!”

– Nisi

Nisi is a long time friend. So when they came to us to buy their first home we were thrilled with the opportunity. Thank You for trusting your largest investment with The Caton Team.

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

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 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 | 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.

Is the ‘Tidy-Up’ KonMari Craze Dampening the Self-Storage Sector?

Marie Kondo, the Japanese organizational guru whose tidying-up trend is sweeping the country, may be prompting one commercial real estate sector to lose its joy, suggests Stephen Gandel, an opinion writer for Bloomberg. Shares of self-storage investment trusts—one of the hottest REITS last year—are seeing a significant slowdown this year.

Self-storage units popped up across the country as consumers showed high demand for storing all of their extra belongings. Storage prices rose and profits soared for investors. But supply may be catching up, along with the “KonMari-method mania and its minimalist appeal,” writes Gandel.

Gandel notes that donation stores nationwide have reported significant increases in donated goods since late last year, which coincides with Netflix’s airing of “Tidying Up with Marie Kondo.” Kondo’s main organization principle is to keep only what brings you joy, and not to accumulate items at home or stash belongings away in storage facilities.

As Marie Kondo has been teaching the public to downsize their belongings, developers have been rapidly expanding storage spaces across the country. Developers spent about $4 billion when they added around 100 million square feet of storage facilities last year—double what they spent in 2016, according to Green Street Advisors, a real estate consulting firm. Green Street estimates that this year will likely continue to be near peak levels too.

On a conference call with analysts last week, Public Storage CEO Joe Russell cautioned that the storage facility market is likely to be headed for a cooling down. “I think there is an element of both disappointment and potentially and ultimately some level of distress that could come,” Russell said.

 

I read this article at: Realtor Magazine

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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Happy Saint Patricks Day

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The Caton Team uses more than luck when helping their clients achive their Real Estate goals – put us to work for you.

Have a Fun & Safe Saint Patricks Day

Sabrina & Susan

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.

Testimonial of the Day – From Brittany

“Sabrina and Sue are a wonderful team. I never once felt ignored or at a loss. They held my hand the entire time and I’m so grateful for their help and knowledge in making this process so easy.”

– Brittany

Brittany and I were destined to meet again and become friends and we sure did. A joy to work with – we were so happy to help her buy her first place.

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 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 | 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.

Loads of houses are up for sale — but middle-class buyers are still shut out – Washington Post

Despite an uptick in homes on the market and weakening home sales across the country, home ownership is out of reach for a growing number of middle-class buyers, according to a recent report from real estate brokerage Redfin.

An analysis of U.S. homes on the market in 2017 and 2018 found that the number of affordable homes for sale has decreased in 86 percent of metro areas (of 49 included in the study), even as the number of homes on the market grew. While buyers normally benefit from better availability in competitive housing markets, it doesn’t help if the majority of available homes are priced for the wealthy.

“For the past few years, home prices have gone up faster than wages,” said Daryl Fairweather, chief economist at Redfin. “That kind of growth really isn’t sustainable. At a certain point, there won’t be enough buyers left for the homes left on the market.”

Home ownership has long been at the heart of the American dream, a means of accumulating wealth and securing financial stability. But ownership rates have fallen dramatically since the financial crisis — coming in at 64. 4 percent in the third quarter of 2018, according to data from the U.S. Census Bureau — a telling sign that the traditional markers of middle-class life are getting tougher and tougher to hang onto.

To estimate affordability, researchers used the median income in each metro area, applied standard interest rates and assumed a 20 percent down payment and a monthly mortgage payment of 30 percent or less of the buyer’s gross income. Even adjusting for 10 percent down payment, just over half of homes on the market were affordable, according to the study.

In Seattle, the share of affordable homes fell 14 percent from 2017 to 2018, leaving only 46 percent of homes within the reach of middle-class families. In San Jose, Calif., the share of affordable homes fell from 26 percent to 14 percent over the same time.

According to the National Association of Realtors, existing home sales in December were down 10.3 percent year over year, the biggest drop since the housing market bottomed in 2011. At the same time, the median home sale price was $223,900, according to Zillow’s home value index.

Current conditions mirror what happened after the housing market collapsed. Prices tumbled and property was abundant, but the only people who could afford to buy were those who hadn’t been crippled by the financial crisis. Years later, a booming economy has yet to restore buying power to middle-class families, as mortgage rates and home prices have climbed. Prices surpassed their pre-crash peak in October 2017. And according to a December report from ATTOM Data Solutions, last quarter was the nation’s worst for home affordability in over a decade.

In metro areas, part of the issue is a lack of public investment in affordable housing, Fairweather said. The problem is often exacerbated in cities that serve as hubs to major tech companies, where an influx of highly paid workers has ratcheted up prices and cost of living. It’s fueling a flight from the coasts, as increasing numbers of people move inland in search of affordability.

Some states and cities are taking steps to correct this. California’s Gov. Gavin Newsom has an ambitious plan to oversee construction of 3.5 million new housing units by 2025. In November, the Minneapolis City Council signed off on $12 million in affordable housing investments throughout the city. Private companies are even stepping up to the plate — and Microsoft announced it’s offering up $500 million to build and protect affordable housing in Seattle.

The housing market is a cornerstone of  U.S. economic output, accounting for over 12 percent of the country’s GDP in 2017.  With the economy deep into an expansion, there’s been a rise in first-time buyers, but if conditions persist, many may be priced out and forced to rent instead. 

“Now the economy is doing better and more people are looking to buy a home for the first time,” Fairweather said, “but they’ve missed the boat on affordable deals.”

I read this article at: Washington Post

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.

Presenting 2069 Shoreview San Mateo

2069 Shoreview San Mateo

Welcome home to this stunningly remodeled Shoreview home.  Luxury laminate flooring throughout the home is warm and inviting as you pass through the living room with wood burning fireplace and enter the contemporary dining room with garden view.  Designer lighting and fixtures can be found throughout the home. The exceptionally remodeled kitchen features white wood cabinetry with abundant storage, beautiful warm colored granite counter tops and deluxe stainless appliances including gas stove, dishwasher, refrigerator and built-in microwave.  The remodeled bath features pedestal sink with designer faucet and shower over tub with tile surround.  The front master bedroom is spacious enough for a king bed and the closet features an innovative barn door closure.  The rear second bedroom of the same size has views of the back yard.  Laundry and storage is located in the single car garage with access to the side yard and kitchen.  The front yard includes well manicured lawn, trees and shrubs.  The large back yard is perfect for family enjoyment and entertaining.  From the new patio wander through the tree-lined path to a rear entertainment or lounging deck.  A perfect retreat from the hustle and bustle of the day.  Storage sheds provide space for garden and yard equipment. The home is convenient to Bridgepoint shopping, Hillsdale Mall, Highways 101 and 92, and the San Mateo Bridge.  Employees of the new Coyote Point Facebook Campus will find an easy commute without driving on the freeway.

ml81740153 | 2069 Shoreview Ave, San Mateo Ca

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

Shoreview Home Information  |  PHOTOS of Shoreview on Facebook

 

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.

Why You Should Check Your Credit Score Before Buying A Home

Here’s how your credit score affects the home buying process.

While there’s no strict credit score minimum to get a mortgage and buy a home, there are guidelines most lenders follow. While your credit score is a major factor in buying a home, it’s not the only one. Lenders also consider your employment history, income, and current debts.

And, since credit scores fluctuate, following good credit practices can increase your score and help you get a mortgage or lower rate in the future.

Most first time home buyers are looking to understand how the credit process works. A good credit score can mean the difference between qualifying for a mortgage loan and having your application rejected.

It is important to understand what your credit score means, and how it is calculated. These factors directly influence your eligibility for a mortgage, in addition to your interest rate. Even if you qualify for a mortgage, a lower credit score means you’ll likely be stuck with a higher interest rate. And that high-interest rate will cost you more over the lifetime of the loan.

How does your credit score factor into buying a home?

To understand how your credit score factors into home buying, you first need to understand the credit score basics. You’ve probably heard the phrase “FICO score” in credit card commercials, but here’s what it really is. FICO (which stands for Fair Isaac Corporation) is one of the most common credit scores. It’s used by banks and other financial institutions to determine your creditworthiness.

So, what makes you worthy? The bank needs to believe you’ll pay back your mortgage loan, and that FICO score helps them decide whether or not you’re a risk.

For them, the higher the credit score, = the lower the risk, which means that you’ll enjoy lower interest rates. And, for those with lower credit scores, the opposite is true. Your credit score plays a huge role in determining whether a bank believes you a risk to pay back the mortgage loan or not. If you are deemed a lower risk (because you have a higher credit score), then you will have a lower interest rate and pay less for the loan. But if you have a lower credit score, the opposite will be true.

Factors that affect a Credit Report

FICO scores use several different factors from your credit report. This information comes from the three major credit bureaus (Equifax, Experian, and TransUnion), and it is used to assemble a score ranging from 300-850. Here are the factors that go into your credit score:

· New credit 10%
· Types of credit 10%
· Length of credit history 15%
· Amount owed (30%)
· Payment history (35%)

What credit score is needed to buy a house?

Your credit score plays a big role in your mortgage application, but it is important to remember that it isn’t the only factor. Financial institutions will also consider factors such as your employment history, your current debts, your income, the size of the loan you are asking for, and the total amount you are willing to offer in a down payment.

There are no hard lines when it comes to a minimum credit score. Instead of an exact answer on what is the right credit score to buy a house, most financial advisors use guidelines for home buyers. The guidelines help home buyers to determine if they are on the lower limits of an acceptable credit score or not. Here are a few credit score guidelines for the most common types of home loans:

Loan Types

When does your credit get checked in the home buying process?

When does your credit get checked in the home buying process? Well, once you send in your credit application to a lender, they are going to check your credit score. It is one of the first things they will do to determine whether you are eligible for a mortgage. If your credit score is too low for a particular lender, then they’ll use it to weed out your application before they go further and check things like your income and employment history.

Check your credit score for free by asking any of the three major credit bureaus (Experian, TransUnion, Equifax) for your credit report. Your credit report won’t just include your credit score — it will also include all of the factors that led to the final number. So you’ll be able to look and see if an account you forgot to pay, or a high credit utilization is dragging down your score. If your credit score isn’t as high as you’d like, don’t fret. You might not qualify for a mortgage right away, or you might not get the interest rate that you want right off the bat. But you can improve your credit score over time.

Types of home loans

Not all mortgages are made alike. There are several different types of home loans, and they have key differences. Here are the most common types of mortgages available on the market:

· Conventional loans
This is the most typical option — two-thirds of mortgages are conventional loans. Unlike FHA and VA loans, these loans aren’t backed by the government. Lenders will generally ask for a 20% down payment. If you can’t make that amount, you can pay as little as 5%. But going with a down payment under 20% means that you will have to pay for private mortgage insurance, which can be expensive. These loans typically have a 620 minimum credit score.

· FHA loans
FHA loans are a are a valuable option for those with lower credit scores, as the minimum score for an FHA loan can be as low as 580. FHA loans also allow homebuyers to put down as little as 3.5%. Still, you’ll need to pay PMI if you decide to put down less than 20%, similar to a conventional loan.

· VA loans
VA loans are limited to veterans and current members of the US armed forces. They are especially attractive because home buyers seeking this type of loan can put as little as 0%. In addition, there is no PMI penalty for putting down less than 20%. VA loans are backed by the federal government, and lenders are not required to use a minimum credit score.

Is there a risk in having your credit checked multiple times during the application process?

When you apply for a mortgage, the credit check is listed on your credit report as an inquiry. That means that you are looking at taking on new debt. A credit inquiry will have a small negative impact on your overall score, but there isn’t much you can do about it.

You should also know that shopping around for a mortgage isn’t going to harm your score. If you have multiple credit checks from mortgage lenders within a 45-day period, it will be reported as a single inquiry. You can shop around by completing mortgage applications, getting a preapproval, or getting an official loan estimate.

Other types of credit applications can also have a negative impact on your credit score. Applications for credit cards, car loans, student loans, personal loans, and business loans can also result in an inquiry on your credit report that lowers your score. If you are considering shopping around for a mortgage, then you want to make sure that you avoid applying for a car loan, credit card, or another type of debt so that a new inquiry doesn’t push down your credit score.

The difference between a hard and a soft check

There is a difference between the types of inquiries that get listed on your credit report. Inquiries are separated into two categories: hard and soft.
Hard inquiries occur when a lender uses your credit report to make a decision on whether or not they will provide you with credit. Credit card applications, car loan applications, and mortgage applications are all forms of hard inquiries.

Soft inquiries occur when a credit card company checks your credit to pre approve you for a new credit card or when you check your own credit online. Soft inquiries aren’t listed on your credit report and they don’t impact your overall credit score.

How to improve your credit score

If your credit score isn’t where you want it to be, don’t get frustrated. You can improve your credit score over time. The first thing you should look at doing is lowering your credit card balances. Your card utilization rate plays a factor in your overall score. You’ll also want to make sure that you pay any unpaid debts as well as paying your bills on time. By paying off old accounts and keeping your new ones in good standing, your credit score will rise over time. You should also avoid taking out new lines of credit if you don’t have to. If you are making multiple applications for lines of credit, lenders will think that you are strapped for cash.

It will likely take months, at the earliest, to have a dramatic positive impact on your credit score. But following good credit practices, you can improve your score and put yourself in position to qualify for a mortgage or get a better rate.

 

I read this article at: Open Listings

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.

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.