Cates Real Estate Team

Pre-Approval Isn't Commitment – It's Clarity

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If buying a home is on your radar – even if it’s more of a someday plan than a right now plan – getting pre-approved early is still one of the smartest moves you can make. Why? Because, like anything in life, the right prep work makes things clearer.

The best time to get serious about buying is before you’re ready to buy. Here’s why.

Pre-Approval Helps You Understand Your [...]

Recession Doesn't Mean a Mortgage Crisis

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There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us. While you may remember the price crash in 2008, that’s not the norm. Looking back to 1980, home prices usually rose, and mortgage rates tended to fall. If you have questions about buying or selling a home in today’s market, let’s talk.

Cates Real Estate | 207-701-5600 | info@catesre.com 

#mortgagerates #crashof2008 #homeprices #recession

The Truth About Newly Built Homes and Today's Market

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Headlines are talking about the inventory of new homes and how we’re back at the levels not seen since 2009. And maybe you’re reading that and thinking: oh no, here we go again. That’s because you remember the housing crash of the late 2000s and you’re worried we’re repeating the same [...]

Homestead Exemption FAQs

HOMESTEAD EXEMPTION:

The homestead exemption reduces a home's value by up to $25,000 for property tax purposes.

To qualify, the applicant must:

  • be a permanent resident of Maine 
  • the home must be the applicant’s permanent residence
  • applicant must have owned a home in Maine for the twelve months before applying 
  • application must be filed on or before April 1 with the municipality where the property is
  • [...]
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