Working with The Caton Team…

I’m on hold at the moment.  Waiting to hear how many offers are coming in on my clients dream home.  Wondering if we offered enough.  Oh the joys of Real Estate in the Silicon Valley.

This isn’t the first time I’ve waited on hold, nor the last.  Though this is the first time I’ve waited long enough to start a blog post – so that tells you something.  Tenacity.  I’m not hanging up until I know.

You see, once I find out where we stand, I can call my clients and update our strategy.  Because it isn’t over until it’s over – and if we’re not the best offer – well gosh darn it – we will be.  Or try to be.

– I know Yoda – there is no try.  But I tell you – it doesn’t hurt to try.

When The Caton Team has the trust and confidence of our clients – we can do anything…

… As soon as the lovely agent concierge gives me the latest news.

I am so proud to say – that in 2017 – sellers left money on the table to work with The Caton Team buying clients.  That says something.  Furthermore, there were no side deals, no commission re-negotiations, nothing but a good clean offer and our Caton Team offer package.    Because The Caton Team knows what it takes – good old fashioned hard work.  Because when I say – sellers left money on the table – I mean – our buyers didn’t offer the most money for property in Silicon Valley – BUT – we had the best offer package and the hustle to ensure – we will close escrow.  That’s the name of the game.  You can offer all the money in the world and it doesn’t mean a thing if it doesn’t close escrow.

As my mother always told me.  Talk is cheap.  It’s all about the action.  Her words ring true today.

I’m still on hold…

I’ve been a Realtor for a lucky 15 years now, Susan for 20.  However in the past decade give or take, Real Estate has changed dramatically.  In fact, the past 5 years have been a revolution if you’ve been in the thick of it.  I was able to see how the internet – wait – mobile devices – single handedly changed everything.  It’s amazing.

By the looks of commercials, just a push of a button will summon someone to open the door and show a home.  That’s perfect – that’s grand!  I wish I could offer such amazing services, thing is – I’m probably across town showing homes and meeting inspectors for the pre-sale checklist – that I can’t drop everything to – well – literally just open a door.  So I wonder…

Do people still need Realtors?  Or is there an App for that?

In my humble opinion, the answer is YES, professional Realtors are still needed, relevant and imperative – especially in the Silicon Valley Real Estate Market.  As long as we are human, making one of the largest financial decisions in our lives, and for as many algorithms and apps with data we have – there are some things you cannot replicate.  Experience,  knowledge and the ability to navigate a contract in a market that moves so damn fast.

Not every Realtor is the same mind you.  I’m speaking on behalf of myself, Susan and a bountiful handful of awesome Realtors who get it.  We offer so much more than just opening a door.  There’s an app for that – what The Caton Team brings to the table is knowledge, experience, negotiations skills that turn our buyers into homeowners.

The Silicon Valley Real Estate Market is on par with New York now as one of the hottest Real Estate Markets in America and it also happens to be in our back yard.

The Caton Team has 35 years of combined, local Silicon Valley Real Estate experience.  Both of us born and raised in San Carlos – The City of Good Living.  We know what it takes to become a homeowner in the Bay Area, we know what it takes to prepare your home for a successful sale in Silicon Valley.  If you’re interested in working with The Caton Team – please reach out at your convenience.   Desk (forwards to cell):   650-568-5522 | Email:  Info@TheCatonTeam.com

On that note, I’m off hold – back to work!

 

THANK YOU FOR READING!

Sabrina Caton

 

Got Questions – The Caton Team is here to help. We are but a call or click away!

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?

I wrote this.

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/

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

Connect with us professionally at LinkedInhttps://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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed.

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Will First-Time Home Buyer Demand Withstand Rising Rates?

Will First-Time Home Buyer Demand Withstand Rising Rates?

Written by Mark Fleming

Given the strong likelihood of rising mortgage rates in 2018, many savvy real estate market observers are curious how rising rates may impact demand, especially among millennial first-time home buyers. As part of our quarterly First American Real Estate Sentiment Index (RESI), we recently surveyed title insurance agents and real estate professionals across the nation for their perspective on how sensitive they thought first-time home buyers were to rising mortgage rates and at what rate they would withdraw from the market.

“Continued positive economic news and confidence that buyers will remain undeterred, even if rates exceed 5.5 percent, bode well for the real estate market in 2018.”

Rising Rates and the First-Time Home Buyer

According to the title agents and real estate professionals surveyed, nearly 87 percent of first-time home buyers were in the prime home-buying age of 26-35, which corresponds with the millennial generation.

On a national level, the title agents and real estate professionals surveyed believe that mortgage rates would need to hit 5.6 percent, 1.0 percentage point above the current rate, before first-time home buyers withdraw from the market. We asked the same question in the first quarter of 2017, and title agents and real estate professionals cited 5.4 percent as the mortgage rate at which first-time home buyers would withdraw from the market.

The increase in the perceived mortgage rate tipping point for first-time home buyer demand indicates that survey respondents may see more runway in the current housing market. This may indicate they realize that the housing market is more resilient to mortgage rate increases than they thought a year ago.

Even though the Fed is widely expected to raise the Federal Funds rate multiple times this year, most forecasts suggest mortgage rates will just reach 5 percent. Based on our second quarter RESI results, purchase market demand should not be materially impacted by any modest increase in mortgage rates.

The No. 1 Obstacle to Home Buyers: Limited Supply

However, while rising interest rates may not deter first-time home buyers, lack of inventory might. When asked what the primary obstacle to becoming a homeowner was, 35.3 percent of title agents and real estate professionals responded with limited inventory of homes they like. The second most cited obstacle was overall affordability (30.1 percent), followed by down payment (28.3 percent). The housing market is facing its greatest supply shortage in 60 years of record keeping, according to the Federal Reserve Bank of Kansas City. The ongoing housing supply shortage will make it difficult for first-time buyers to find a home to buy, even when they are financially ready.

“Title agents and real estate professionals do not believe increasing mortgage rates will have a significant impact on the housing market in 2018. Continued positive economic news and confidence that buyers will remain undeterred, even if rates exceed 5.5 percent, bode well for the real estate market in 2018,” said Fleming. “However, more than a third of title agents and real estate professionals see limited supply as the primary obstacle to first-time home buyers.”

Purchase Market Outlook Remains Positive

Title agents and real estate professionals maintained an overall positive outlook for the purchase market, though the outlook for purchase sales growth was slightly less positive year over year. However, as might be expected, the outlook for growth in refinance transactions declined.

The title agents and real estate professionals surveyed expect residential house prices to increase by 4.2 percent in the next year. This is up 0.7 percentage points from last quarter, and 0.1 from the previous year. The expectation for further price appreciation is not surprising, given the market dynamics at play in the housing market today that are preventing more existing homeowners from selling their homes and potentially alleviating some of the supply shortage.

 

For Mark’s full analysis of the second quarter RESI, the top five states for residential transaction growth and price growth outlook, and more, please visit the Real Estate Sentiment Index.

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: https://blog.firstam.com/economics/will-first-time-home-buyer-demand-withstand-rising-rates?utm_campaign=FA%20%7C%20Economics%20Blog%20-%20Monthly%20Round%20Up&utm_source=hs_email&utm_medium=email&utm_content=64181355&_hsenc=p2ANqtz–t8MufJaTshHGX2xbKYmGp04uOXLm_4npweGd_dsN5WjK6tJD2iDkRa-z5_UXxvd-oV2yDMTNe9ByLXmnmlr2BYqBDcA&_hsmi=64181355

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/

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed. 

What’s the Outlook for Housing Market Potential Amid Rising Mortgage Rates?

What’s the Outlook for Housing Market Potential Amid Rising Mortgage Rates?

Written by Mark Fleming

With the Federal Reserve Open Market Committee (FOMC) decision to increase the Federal Funds Rate last week, the prospect of higher mortgage rates remains top of mind among real estate professionals and continues to generate headlines. Yet, changes to the short-term rate matter little to the housing market.

“The likely rise in mortgage rates is not the worry for first-time home buyers, but whether they can find something to buy in today’s supply-constrained market.”

It’s important to remember that mortgage rates, particularly the popular 30-year, fixed-rate mortgage, are benchmarked to the 10-year Treasury bond. While Federal Funds Rate hikes don’t directly drive up the yield on the 10-year Treasury, higher inflation expectations certainly do. The Fed’s decision to raise rates for the sixth time in a year and a half was primarily viewed by experts as a reaction to the possibility of higher inflation due to continued improvement in the labor market and economy in general.

 

Follow the 10-Year Treasury for a Read on Mortgage Rate Trends

Consider that, since the end of the recession, the 30-year, fixed-rate mortgage, on average, has stayed 1.7 percentage points higher than the 10-year Treasury bond yield. Today, the 10-year Treasury yield sits at 3 percent, which implies a mortgage rate of about 4.7 percent, given the trend since the end of the recession.

 

As long as economic fundamentals remain positive, it is reasonable to expect greater concern about inflation, which will likely influence the 10-Year Treasury to move higher and mortgage rates along with it. The Fed is also likely to increase the Federal Funds rate in response to inflationary concerns.

 

Outlook for Market Potential Amid Rising Mortgage Rates

But, will higher mortgage rates curtail demand for housing? Our Potential Home Sales model estimates the market potential for existing-home sales based on market fundamentals, including the 30-year, fixed-rate mortgage rate. According to the model, the market potential for existing-home sales based on current fundamentals is 6.11 million at a seasonally adjusted annualized rate (SAAR). If the 30-year, fixed-rate mortgage rate increases to 5 percent, which most economists agree is likely by the end of 2018 or early 2019, the impact on the market potential would be a modest decline to 6.10 million existing-home sales, according to the model.

 

How does a rising mortgage-rate environment have so little impact on the pace of existing-home sales? The reason mortgage rates are rising – positive economic conditions – is also causing household income to rise, which helps offset the increase in borrowing costs from higher rates.

 

Additionally, home buyers can adjust to higher mortgage rates by substituting a lower rate adjustable-rate mortgage for the fixed-rate mortgage or buy a less expensive home. In other words, the housing market is flexible and can adjust to moderately higher mortgage rates without significant impact.

 

The likely rise in mortgage rates is not the worry for first-time home buyers, but whether they can find something to buy in today’s supply-constrained market.

May 2018 Potential Home Sales

For the month of May, First American updated its proprietary Potential Home Sales model to show that:

  • Potential existing-home sales increased to a 6.11 million seasonally adjusted annualized rate (SAAR), a 0.8 percent month-over-month increase.
  • This represents a 63.8 percent increase from the market potential low point reached in February 2011.
  • The market potential for existing-home sales increased by 4.4 percent compared with a year ago, a gain of 255,100 (SAAR) sales.
  • Currently, potential existing-home sales is 1.17 million (SAAR), or 16.1 percent below the pre-recession peak of market potential, which occurred in July 2005.

 

Market Performance Gap

  • The market for existing-home sales is underperforming its potential by 4.7 percent or an estimated 289,000 (SAAR) sales.
  • The market performance gap decreased by an estimated 36,000 (SAAR) sales between April 2018 and May 2018.

 

What Insight Does the Potential Home Sales Model Reveal?

When considering the right time to buy or sell a home, an important factor in the decision should be the market’s overall health, which is largely a function of supply and demand. Knowing how close the market is to a healthy level of activity can help consumers determine if it is a good time to buy or sell, and what might happen to the market in the future. That is difficult to assess when looking at the number of homes sold at a particular point in time without understanding the health of the market at that time. Historical context is critically important. Our potential home sales model measures what we believe a healthy market level of home sales should be based on the economic, demographic and housing market environments.

 

About the Potential Home Sales Model

Potential home sales measures existing-homes sales, which include single-family homes, townhomes, condominiums and co-ops on a seasonally adjusted annualized rate based on the historical relationship between existing-home sales and U.S. population demographic data, income and labor market conditions in the U.S. economy, price trends in the U.S. housing market, and conditions in the financial market. When the actual level of existing-home sales are significantly above potential home sales, the pace of turnover is not supported by market fundamentals and there is an increased likelihood of a market correction. Conversely, seasonally adjusted, annualized rates of actual existing-home sales below the level of potential existing-home sales indicate market turnover is underperforming the rate fundamentally supported by the current conditions. Actual seasonally adjusted annualized existing-home sales may exceed or fall short of the potential rate of sales for a variety of reasons, including non-traditional market conditions, policy constraints and market participant behavior. Recent potential home sale estimates are subject to revision in order to reflect the most up-to-date information available on the economy, housing market and financial conditions. The Potential Home Sales model is published prior to the National Association of Realtors’ Existing-Home Sales report each month.

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: 

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

HomeSnap: http://www.homesnap.com/Sabrina-Caton

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

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed. 

How to wipe out student debt…

Crowdfunding, volunteering, trivia — and other unexpected ways to wipe out your student debt

  • More employers are looking into offering student debt assistance.
  • Yes, volunteering can bring you debt relief.

As student debt grows, so do the plans to squelch it.

Some of the ideas are pretty creative: New Jersey, for example, is considering establishing a lottery for borrowers burdened by student debt. Other ways of getting money to eliminate your education debt don’t rely on luck, but rather require rolling up your sleeves or knowing historical facts.

Keep in mind, however, that these endeavors aren’t free aid. The funds are taxable, even money from an organization in return for volunteer work.

“All money you receive for volunteering or win on a trivia app or lottery is considered income by the IRS,” said Mark Kantrowitz, a student loan expert.

Here are some of the ways to get other people to pay off your debt.

1) At your job

Currently, just 4 percent of employers offer student debt assistance. But that’s changing as more employers come to realize education debt is a problem for many of their workers, said Katie Berliner, account executive at YouDecide, a benefits firm.

“In order to attract and retain talent, employers are looking at offering contributions to people’s student loans,” Berliner said.

Companies that have offered their employees help with their student loans include Aetna, Penguin Random House, Nvidia and Staples.

Fidelity announced recently that 25 employers — including Hewlett Packard Enterprise, New York Air Brake and Millennium Trust — plan to implement its student debt employer contribution program, with 9,000 employees expected to enroll by the end of June. (Fidelity also offers a student debt benefit for its own employees.)

“Do a quick Google search and find the employers who are out there doing this,” Berliner said.

Most likely the company you’re interviewing with won’t offer the benefit, but that shouldn’t stop you from asking about it, Berliner said.

“In the course of the interview, there comes a point where the interviewer says, ‘Do you have any questions?'” Berliner said. “It would not be out of line to say: ‘I want to get your perspective on whether you think this a valuable benefit.'”

2) By volunteering

Some organizations will help you pay off your student loans if you offer to do volunteer work.

Check out sponsorchange.org, where you can search to help in fields like disaster relief or politics, and will receive payments to put toward your education debt in return.

Starting in June, borrowers can enroll with Shared Harvest Fund. Users create a profile and list the social causes they’re interested in, such as gender equality or homelessness. You’ll work on projects for nonprofits and businesses and receive a monthly stipend of $250 to $1,000.

Although the work will start off in Los Angeles, Chicago and New York, “eventually, people can live in Arkansas and do work for a nonprofit in Los Angeles,” said NanaEfua B.A.M, founder of Shared Harvest Fund.

3) Apps/online

Some people are turning to charity for help with their student loans, by detailing their story on a crowdfunding website like GoFundMe or YouCaring. One debtor, Andrew Daniel Rocha, managed to raise more than $5,600.

Keep in mind, Kantrowitz said, “these campaigns don’t seem to be successful unless the story is really compelling.”

Givling is an app that lets student loan borrowers play trivia, with the winning team each week earning roughly $5,000 per person. “Some people are not the best trivia players, but they’re motivated to get help with their student loans,” said Seth Beard, Givling’s chief marketing officer.

The app ChangeEd will put your spare change toward your student loan payments. For example, if you buy a coffee for $1.75, 25 cents will go toward your debt.

You can register your student loan account with Gift of College, an education registry, and then share your profile with friends and family, who can contribute funds directly to your debt. Nadine Perry, director of marketing at Gift of College, said: “Wouldn’t you rather get Aunt Emma to kick in toward your student loans than give you another ugly sweater for Christmas?”

THE REAL ESTATE BEAT

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: https://www.cnbc.com/2018/05/15/crowdfunding-volunteering-trivia–and-other-unexpected-ways-to-wipe-out-your-student-debt.html

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/

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed. 

What I’ve Learned From Visiting 100-Plus Open Houses in a Year

I’ve been house hunting for over a year (and counting) and visited over a hundred open houses in that time. Let me be clear: I’m not some overly picky real estate window shopper, because I have made offers, and been outbid. In New York City, where I’m looking, that’s just par for the course.

Still, though, my experiences have turned me into an open house aficionado of sorts. I know what makes buyers swoon (myself and others), as well as what repels buyers the moment they set foot inside.

So if you’re a home seller who hopes to bowl over buyers rather than send them running, I’m here to help. Let me tell you about a few things I’ve learned that could kill your chances of selling your home.

Personal quirks on display

Steak sauce, mustard, and hot sauce. These condiments were not in the kitchen (as one would expect) but on a dresser in a bedroom of an open house I attended in Queens. Right then and there, I knew I had to get out of the house. Who knows what was going on there, but it was just too weird for me to stick around and ponder the possibilities.

“First impressions matter,” says Gary Malin, president of the New York brokerage firm Citi Habitats. “Remember, you want the prospective buyer’s attention to be on the home, not your personal life.”

Remove all personal items, including family photos, unusual collectibles, memorabilia, and misplaced condiments.

Hovering home sellers (or their kids)

At an open house in Brooklyn, there was also a surprise in the bedroom: I walked in to find cute kids under the covers half-asleep. Granted, these kids weren’t there alone; their parents were lingering, too. But adult supervision or not, all these family members nearby made me want to flee, because I felt like I was intruding on their personal space.

“Home sellers often make the mistake of leaving their place too late and returning too soon,” says Aaron Hendon, an agent for Christine & Company with Keller Williams in Seattle.

A well-advertised open house will attract people early, and there will definitely be people arriving just as the agent is locking up. So plan on getting everyone up and out of bed an hour before the open house starts.

Dark, dusty rooms

A three-bedroom, two-bathroom condo I checked out in the suburban county of Westchester was spacious, but very dark. The windows were covered not only by lace curtains, but also by valances and vertical blinds. It felt less like a home and more like the inside of a crypt. I tried to open the curtains to get a sense of what the room would look like with Vitamin D. But there were too many window coverings to remove, and I could manage to let in only one ray of sun. Then I gave up and got out.

“The aim is to get as much natural light as possible and then turn on every lamp,” says Ashley Baillio of the Keyes Company in Florida.

She also recommends dusting blinds. If you don’t, the light will catch the dust and make the whole house appear dirty.

Cluttered closets and drawers

Open houses are all about strangers opening and closing things—closet doors, kitchen cabinets and drawers. I recall one apartment I instantly loved and was ready to make an offer on—until I opened the kitchen pantry. There were products in there with packaging I recognized from my childhood … at my grandmother’s house. It was only then that I realized the house actually needed a ton of work and had not been updated at all since the 1980s.

Bottom line: Every detail of your house resonates with buyers. Yet Linda Bettencourt of Sotheby’s International Realty in San Francisco often gets pushback on this topic.

“Clients will say, ‘People don’t care what my closet looks like!'” says Bettencourt.

But buyers do care, and all the details they glean help them form an opinion of your property

“Rather than remembering the beautiful skylight, they remember the medicine cabinet with a leaking bottle of Jean Naté body wash from 1983,” she adds.

Lack of snacks (As a Realtor this part made me laugh (just so you know – I provide snacks  – Sabrina)

There’s something about a platter of baked goods that makes people like me go wild. Think cookies and small bottles of water. (You may want to skip baking the cookies yourself, which can make savvy buyers think you are trying to conceal funky odors.)

“Refreshments are a nice touch,” says Baillio. After all, going to an open house takes effort—sometimes I went to several a day. When an open house offered a little snack to greet visitors, I would be in a better frame of mind when testing the water pressure in the shower. Having no snacks is not necessarily a deal killer; but in general, I’ve noticed that the better open houses tend to have something to nosh on, perhaps because they were managed by people who paid attention to details.

Cloth booties

At the last open house I went to a few weeks ago, the agent had visitors put on cloth booties to protect the floor. This is fairly standard procedure, but this house had steep, narrow stairs. Two potential buyers slipped on the staircase within 20 minutes. I pictured myself buying the house, only to fall to my death as I went downstairs for coffee. So as much as I liked the home, I didn’t make an offer that day. My husband made me tour the home again, sans booties. And after discovering the stairs were safe if you didn’t wear slippery booties, I fell in love and made an offer.

In this case, at least, I learned a lesson: First impressions can be deceptive. So if no one’s swooning over your open house immediately, don’t obsess about what you’ve done wrong. Sooner or later, the right buyer will come along.

By Margaret Heidenry

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: https://www.realtor.com/advice/sell/year-100-open-houses-why-i-havent-bought/

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

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed. 

Should Buyers Crowdfund Their Way Into Homeownership?

In recent years, crowdfunding has become a popular way to pay for a remarkably wide range of ventures. Want to back a sliced-ketchup product, a self-serve cocktail machine, or maybe a charity race? Just pull out your smartphone. But more recently the technology has been moving a bit closer to home—right up, in fact, to your doorstep. Crowdfunding is becoming an increasingly popular way for aspiring home buyers to tap into their networks to come up with down payments.

A new wave of crowdfunding platforms, like Kickstarter for real estate, could be a game changer for younger, tech-savvy generations of home buyers saddled with student loan debt. It’s an idea that is gaining traction, with sites such as HomeFundMe and Feather the Nest, which helps folks raise money for down payments and repairs, and online registries such as HoneyFund, which includes the option of gifting a down payment contribution.

“The No. 1 challenge that we hear from millennials in terms of their ability to buy a home is the down payment,” says Jonathan Lawless, vice president of customer solutions for Fannie Mae. “Crowdsourcing is an interesting new way that a person can generate a down payment, one made possible by technology. … We think there is a great future for it.”

Users who are typically pre-qualified for a mortgage can create personal pages on these platforms, on which they can talk about their journey toward homeownership, illustrated with photos and maybe video. These pages can be shared with family and friends.

“[Many] people find they can afford [mortgage] payments, but not the down payment to own a home,” says Christopher George, CEO of CMG Financial, a San Ramon, CA–based mortgage banking firm that launched HomeFundMe late last year.

George, a father of four millennial sons, came up with the idea for HomeFundMe in 2016 after seeing the financial struggles of his kids’ generation. The crowdfunding platform is the only one of the bunch designed solely for down payments and is the first to be backed by mortgage industry giants Fannie Mae and Freddie Mac.

“We’re talking to millennials saying their social network is their net worth,” George says. “Why not allow your sphere of influence [to] help as well?”

What you need to know about a crowdfunded down payment

Using gifted funds for a down payment can be tricky—mortgage lenders typically require a letter from the giver, specifying that the money is a gift, not a loan, and there are no strings attached. But using an online fundraising platform can allow buyers to bypass some of that red tape.

Using HomeFundMe, anyone can give up to $7,500 to a campaign without documentation. HomeFundMe also doesn’t charge fees to use the platform, or take a cut of what’s raised. The company will even give buyers $2 for every $1 they raise, up to $1,000, or up to 1% of the purchase price if they undergo home buyer counseling beforehand. Buyers who earn less than their area’s median income can earn up to $2,500, or 1% of the home price.

So what’s the catch? Crowdfunders must get their mortgage through HomeFundMe’s parent company, CMG Financial. They have to close on a home within a year of accepting their first gift. And if they don’t use the money to buy a home, funds marked “conditional on the recipient purchasing a home” are returned to the donor. The crowdfunder can keep the rest.

Other crowdfunding platforms have slightly different business models.

The online gift registry Feather the Nest has helped about half of its 3,000 “nesters” raise down payments since it launched in 2014, according to company officials.

Fees include a 5% transaction fee that goes to Feather the Nest, and a fee of 2.9% plus 30 cents that goes to its payment processing system, Stripe.

At HoneyFund, another online registry, about 6% of the 100,000 mostly millennial couples who use the site each year ask for down payments, according to company officials. There are no fees to use the platform, but users are charged 2.8% processing fees plus 30 cents per gift when the money is moved into their PayPal or WePay accounts.

“A lot of couples are not only saving for their home down payments but also home improvements,” HoneyFund CEO Sara Margulis says.

The dangers of crowdfunding your down payment

However, there are risks to buyers relying on crowdfunding to come up with money for a home.

“If somebody is not able to save for their own down payment, it might be because they are stretched financially. But it [also] might be that they are bad at saving,” says Fannie Mae’s Lawless. “The ability to generate savings is a critical aspect of being a responsible homeowner.”

Remember, it was homeowners who couldn’t really afford their homes that led to the financial crisis just over a decade ago. So helping more people who haven’t mastered the art of saving, or who may be so financially stretched that they can’t afford to save, is worrisome.

It’s “a very risky proposition,” says Rick Sharga, executive vice president at Carrington Mortgage Holdings, a real estate company in Aliso Viejo, CA. These kinds of buyers may be “one unexpected car payment, one roof repair, one water heater replacement away from missing a mortgage payment and possibly going into a downward cycle they can’t recover from.”

By Young Ha

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: https://www.realtor.com/news/trends/online-platforms-to-help-millennials-crowdfund-payments/

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/

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed. 

Off Market Opportunity in Redwood City

The Caton Team Presents 

Poplar Ave  – West Side Redwood City –

2 Beds | 1 Renovated Bath 

860 Sqft Updated Home | 2500 Sqft Lot | 1 Car Attached Garage

Poplar Avenue is a lovely tree lined street situated in west side Redwood City, close to shopping, restaurants and parks.  Welcome Home to Opportunity – this 860 sqft home has been tastefully updated home with a cute kitchen, featuring a gas oven range, granite countertops, an elegant living room dining room combo with recessed lighting, fire place, and hard wood floors throughout.  Plantation shutters for privacy and light, these two bedrooms share an updated bath with cement tiles, shower over tub surrounded by subway tile, newer fixtures and windows.  The backyard is ready for summer.   This home is ready to call your own.  We request, if possible, 30-60 days rent back.

Offered at $1,050,000

Comparable Redwood City Sales: 

443 Upton – 2 Bed / 1 Bath at 790 sqft home 2750 sqft lot | Sold for $1,227,400 on 6.1.18 

ML81703512

211 Alexander  2 Bed / 1 Bath at 720 sqft 2550 sqft lot | Sold for $1,200,000 on 4.11.18 

ML81695847

Contact The Caton Team

Sabrina

650-799-4333

Susan

650-796-0654

Email

info@TheCatonTeam.com

Web

www.TheCatonTeam.com

Read about the Caton Team Advantage:

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– By the way – The Caton Team is never too busy for you or your referrals –

 

 

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Berkshire Hathaway HomeServices 

3201 Jefferson Ave. Redwood City CA 94062

5 Ways You’re Destroying Your Lawn

A beautiful, well-manicured lawn is a source of great pride for many homeowners. Maintaining a healthy lawn takes work and hours of TLC, including regular watering, cutting, and laying down fertilizer. A lawn that’s cared for shows that you take pride in your home’s appearance. And all that curb appeal can really pay off when it comes time to sell your house.

However, your lawn can also become a source of gut-wrenching angst. Reason: Many well-meaning and proactive homeowners make mistakes in lawn care that produce dreadful and depressing results. A little too much love can be, well, too much.

If your lawn has been looking particularly sickly, you might be to blame. Reflect on your lawn care regimen and ask yourself: Have you made any of the mistakes below? The answer to solving your lawn troubles may be realizing you’ve been ruining it all along.

1. Improper watering

Water management is the No. 1 mistake made by homeowners with established lawns, according to Clint Waltz, professor and turfgrass extension specialist in the College of Agricultural and Environmental Sciences at the University of Georgia. So just how much water does your lawn need per week?

“Watering just an inch of water a week is good if you have good rainfall,” Waltz says. If you’re in an area that doesn’t receive as much rain, then you’ll need to lend a helping hand with more frequent waterings.

To check how much water your lawn gets each week, leave several cups out and measure the water level at the end of seven days.

An irrigation system can help your lawn get the water it needs and maintain a consistent watering schedule. Some sprinkler systems even have rain or moisture sensors to detect water levels and turn the system on and off.

2. Planting only one type (or the wrong kind) of grass

Variety is not only the spice of life—it’s also a necessary ingredient for a healthy lawn, according to Missy Henriksen, vice president of public affairs at the National Association of Landscape Professionals in Fairfax, VA.

“When planting grass seed, choose a variety of seeds so your lawn is more likely to weather poor conditions like heat and drought,” she advises.

You also need to determine the best grass for your environment.

“Species selection is critical, and you have to understand which species fits in each site,” Waltz says. For example, he says, Bermuda grass doesn’t handle shady environments well. Also, if you live in the southern region with hot summers and mild winters, consider such warm-season turf types as St. Augustine grass, zoysia grass, and centipede grass.

However, if you live in the northern region and experience bitter cold winters, tall fescue, Kentucky bluegrass, and perennial ryegrass are better bets.

Some people live in regions with weather at both extremes. For those areas, Kentucky bluegrass, tall fescue, zoysia grass, and Bermuda grass are good choices. Waltz recommends checking with your local county extension agent or university specialist to find out which grasses grow best in your area.

3. Not taking soil health seriously

A healthy lawn starts below the surface, in the soil.

“If your soil is compacted or missing necessary nutrients, grass will not thrive, no matter how hard you try,” Henriksen says. She recommends aerating your lawn every one or two years, depending on your soil type. Aerating is the process of putting small holes in the lawn so water, air, and nutrients can reach the soil.

“A soil test should be conducted at least every three years to determine what nutrients are needed so the proper fertilizer can be used,” says Henriksen. Once you determine the correct type of fertilizer, she says, it needs to be applied correctly.

“Correctly means at the right time of year, in proper amounts, and with the correct applicator,” she says. “And you should consult manufacturer recommendations for guidance.”

4. Mowing the lawn at the wrong time

Contrary to what you might see on lawnmower commercials, most homeowners don’t get excited about mowing their lawn. But when the time comes, it’s important to mow your lawn under the right conditions.

“Generally, grass should be trimmed to 2½ to 3 inches, depending on the grass type, and no more than a third of the grass blade should be removed at one time,” says Henriksen. So if it’s at or below that height, hold off on cutting. Grass that’s too short stresses the grass blades and makes them more susceptible to disease, she says.

Mowing wet grass is another mistake many homeowners make. The moisture will weigh the grass blades down and make it difficult to get a clean, straight cut. The wet clippings will also clump up and make your lawn look uneven.

Also, failing to keep the mower blades sharp causes the cuts to be ragged, and this increases the chances that the grass will develop diseases and attract pests.

You should also refrain from mowing your lawn in the same direction every time; otherwise, you’ll end up creating grooves in the grass. (Grooves are not groovy.)

5. Not knowing environmental stressors

Environmental stressors are conditions that affect the ability of grass to thrive.

“These stressors include excessive amounts of precipitation, drought, temperature extremes, construction, and foot traffic,” Henriksen says, “and each can take its toll on the health of your lawn.”

For example, if you overwater your grass, the excessive moisture creates the perfect conditions for weeds, leaf mold, and leaf spots.

“Lawns that are overfertilized are also susceptible to weeds, while lawns that have heavy foot traffic can experience compacted soil, which is problematic for their health,” she explains. Too much foot traffic will prevent water from reaching the roots, and when that happens, you’ll be left with a brown lawn.

By Terri Williams

Got Questions – The Caton Team is here to help. We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 35 years of combined Real Estate experience.  How can The Caton Team help you?

I read this article at: https://www.realtor.com/advice/home-improvement/ruining-your-lawn/

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/

Visit our INSTAGRAM page:  http://instagram.com/thecatonteam

PINTREST: https://www.pinterest.com/thecatonteam/

Visit us on FACEBOOK:   http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

YELP us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

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

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

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed.