Knowing what your home is worth….
You think you only need a Realtor when you go to buy and sell Real Estate. Turns out – we’re pretty handy resources too! The Caton Team likes to set up our clients with a monthly search so they know – at any given time – about how much their home is worth. Now, one would think this information is only relevant when it’s time to sell – turns out – knowing your homes value comes in handy… here’s how!
(If you’d like us to setup a custom search for your home – please let us know!)
MAYBE IT’S TIME TO REFINANCE?
Much like selling, knowing your home’s value can guide you to the right mortgage refinance opportunity. Perhaps you need a lower, more manageable payment – I.E. a lower interest rate – knowing the value of your home will help you determine how much you can borrow. If you need some guidance on where to turn – please let The Caton Team know and we can point you in the right direction.
THINKING OF HOME IMPROVEMENTS
Understanding the value of your home will help determine if a home improvement is worth it. Considering a sale? If your home is already worth top dollar for your area – perhaps an improvement isn’t the best bang for your buck. On the flip side – if you know your home is a tad more dated than the neighborhood, and you know the oohs and aahs the Jone’s just got for their fixed up bath – then perhaps it is time to consider a home improvement that will maximize your return on investment. Curious where to invest your money? The Caton Team is happy to help! We’re in the trenches with our buyers and know what they are looking for. We are very cost conscious with our sellers – so we will steer you in the right direction.
KNOW YOUR PROPERTY TAX
The property tax you pay is assessed on the value of your home. If the market is healthy or you’ve updated your home that will increase the value of you home and adjust your property tax upwards. Have you noticed a change in your taxable value and curious if it is correct? Let the Caton Team know and we’d be happy to provide you with an accurate, current value of your home.
NEED A LINE OF CREDIT
If you’re thinking you need to borrow against your home for a Line of Credit – you’ll need to know and understand the value of your home. Most banks require up to 25% equity in your home in order to qualify for a Home Equity Line of Credit (HELOC). When home values are on the rise and the real estate market is strong – that can create a great opportunity for a homeowner to capture and use some of their equity. Perhaps pay off more expensive loans or pay for college tuition.
HOME OWNERS INSURANCE
Did you know that your Home Owners Insurance is based on the appraised value? If your home values go up you may be under-insured! For instance, let’s say you bought a home with an unfinished basement and converted it into a high-end Man Cave with all the electronic bells and whistles. Clearly you just added value to your home, added equity – so you’ll want to make sure your insurance covers these new renovations and reflects the new value of your home. Are you curious if your renovations added value – let The Caton Team know and we’ll help!
The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team. We are full time, local Realtors with over 25 years of combined Real Estate experience. How can The Caton Team help you?
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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
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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