Homes For Sacramento Blog -Rick Delgado

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Why Homes Are Selling for Over Asking Price

Imagine a home in Berkley, CA, selling to a buyer that paid $1 million over the asking price to beat out 29 other buyers. Why? A strange phenomenon has overtaken the housing market, and prospective homeowners are finding themselves in a seller’s market when they come to the table looking for a new home. The coronavirus pandemic has caused the perfect storm for homebuyers that is causing the price of houses to rise and made the home buying process far more competitive.

Here’s what caused the spike in home costs.

  1. COVID-19 shifted consumer habits in a very short period of time. People who lived in smaller spaces and commuted to work in big cities found themselves suddenly homebound and in need of…

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The Current Low Inventory of Available homes

While mortgage rates fluctuate, they’re still sitting at record lows, making it the perfect season for housing shopping. Still, Sacramento realtor, Rick Delgado, says there’s a massive shortage of available homes in the current housing market. The low inventory of available homes has created a shopping frenzy that characterizes this unique seller’s market. 

Bidding Wars

According to the National Association of Realtors, as of the end of February 2021, housing inventory remained at a record low of 1.03 million, down by almost 30% compared to last year’s numbers. The lowest number of homes available since 1982.

The average time of a house in the market was less than 20 days – a record low. 

The…

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Cost Calculators to Help You Budget for Your Next Home Project

February 16, 2021 Evan Dunn

Moving to a new home or doing major renovations can be a stressful experience. If you don’t plan ahead, your important projects can end up putting you over budget and out of money. Thankfully, cost calculators can help you get a better idea of the average cost for a wide variety of home projects so that you’re armed with information going in and have peace of mind that you have enough to complete the project. Determining the cost in advance and keeping track of your budget will ensure that your next renovation or home update goes smoothly without breaking the bank. Knowing your project cost ahead of time will help you…

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How to Get Rid of Household Odors

 

Did you know that the human nose can detect at least one trillion distinct odors and that evolutionarily the sense of smell is the oldest sense we possess? But when some foul odor wafts through your home, you may not want a nose so keen. Don’t fret; there are plenty of ways to rid your home of unwelcome smells.

 

  1. Identify the source: sometimes the source of your odor is evident, as in a garbage can fill to the brim with scraps from last night’s dinner, while other malodorous mysteries require a little detective work. Here are some common causes/areas to check for stink.

  • Garbage disposals

  • Old sponges 

  • Refrigerators

  • Dishwashers

  • Washing machines

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The home office has become much more than a couch or a bedroom, and the need for in-home office furniture has skyrocketed amid the coronavirus pandemic. Choosing the right furniture that fits your home decor and helps you work comfortably is needed to remain productive. Kicking off the process by assessing any physical needs that you have is where you should start, and the following home office furniture will enable those who work from home to perform at the best of their ability. 

 If Comfort is Critical, Then Ergonomically Designed Furniture is What You Need

 For anyone looking for furniture that also benefits their health, ergonomically designed pieces can help combat aches and pains, improve posture, and help anyone working from…

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Deciding on hiring a real estate professional can be a tough decision initially because many people feel that they are better off buying or selling a home on their own. This can cause frustration and burn-out, and having an advocate on your side is one of the best things you can do to reach your goal of either buying or selling your home. Real estate agents are market experts that know the ins and outs of the real estate biz that consistently changes at an accelerated pace. They are able to provide insight into market trends, handle much of the necessary legwork, nail down the correct listing price to accelerate sales, and have insight into pre-market listings on the buying side. Here are four more reasons to hire a real estate professional that will…

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It’s that time of year when the weather is starting to warm and when you may be noticing leaf buds on the trees, early bulbs breaking the ground, and spring birds returning to your feeders. Between the harbingers of spring and the news that vaccinations for COVID-19 are increasing, we’re all feeling a little more hope that life may soon return to something akin to normal.

 

And what could feel more normal than cleaning off those decks and porches, wiping off the grills, getting your outdoor kitchen spaces ready for a family cookout or gathering. . . . Wait, what’s that you say. Your space is too small for such luxuries? It doesn’t have to be that way.

 

Just because you have a small deck or patio space, doesn’t mean you can’t enjoy the…

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Tips on Relocating to a New Neighborhood

 We’ve all been there. Maybe a change in employment, a need to be closer to someone you love, or just a desire to find a more desirable living situation drives you to start searching for a new neighborhood. But what should you be doing to ensure the fit is right for you and that when you arrive you fit with the neighborhood? Here are a few tips that might help you through the process of moving and settling into your new digs.

Meeting Your Needs

One of the first steps to take as you decide on a new location is to scout the area for the things that will make the living situation ideal for you. It is worth a little bit of homework to find out:\ Where the best schools are and whether your…

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 Three Things Mortgage Brokers Don’t Want to See

 You’ve finally found your dream property and are willing to put an offer in for the place! That’s incredible news, but you likely know of the steps that lay ahead of you. 

 If you need to get a mortgage in place for your new home, you are going to need to provide evidence that you can afford the down payment and future mortgage installments. This will usually be in the form of providing two months of bank statements that clearly show your incomings, outgoings, and any other recent transactions.

 Try not to worry, though! It always helps to bear in mind a few different things that your mortgage broker might be looking for. This will help you clear up your finances and get one step closer to…

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How to Securely Handle 'For Sale by Owner' Home Purchases

 So, you have found your next home and are ready to put in an offer and get the sale across the line. There’s one thing you are not sure about though - what should you do if the home has been put for sale directly by the owner? 

 Perhaps in the past, you have been used to dealing directly with developers, house builders, or estate agents which have placed homes for sale. Now though, you have to negotiate directly with the occupant of your target house. That can feel a little overwhelming, but it does not need to be.

 Here’s a quick guide of the main things to keep in mind when dealing with ‘for sale by owner’ home purchases.

 Consider whether you need an agent. 

 Just because the…

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