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You Didn't Really Lose Money. It Never Really Existed.

Reblogger Danny Batsalkin
Real Estate Agent with Keller Williams Realty - Beverly Hills BRE# 01421366

 

This is a great blog post by another real estate agent! People used to make this same reference about their stock portfolios, and now I hear it often with regard to their real property.  Ultimately, as with anything affected by market forces, it is important to focus on your current situation and not on where the market was a few years ago.

Daniel Dima Batsalkin

 

Original content by JL Boney, III 69190

Columbia, SC Real Estate I want to first say that I do feel for the people who have purchased a home that is now worth less money than it was at the time of closing. We have seen this situation over and over again nationwide and I think there is no state that has not been affected in some way by the housing crisis. However, these are not the people I wish to discuss in this post.

 I have noticed a lot of would be sellers and home owners out there who say that they have lost money and really haven't. These are home owners whose homes are currently not worth what they would have been at the height of the market 4 or 5 years ago but they are still not upside down. In fact they have a decent amount of equity in their homes and they would make a profit off the sell of that home.

Columbia, SC Real Estate

  The fact of the matter is that there are lots of home owners out there who would have made more money on their homes if they chose to sell them during the boom. However, I don't think it's fair to say that they lost money, because the money itself was never physically there. It was not a part of the original deal and it was never realized through any sell of the home.

 Frankly, if you have good equity in your home and can still make a profit off of it, you should be happy about that rather than focusing on what you could have had. What if you lose the rest of your equity and you are upside down in the loan, that would be much worse than not making as much profit as you once would have.

Columbia, SC Real Estate

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JL Boney, III - Columbia, SC Realtor - Russell and Jeffcoat Realtors

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- jlboney@russellandjeffcoat.com

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Sandy Wagner
RE/MAX Professionals 253.225.8322 - Gig Harbor, WA
Short Sale Specialist Tacoma, WA, and Gig Harbor,

Yes.....don't be so darn greedy. I'm just making light of this, but you have made some very good points.

Dec 20, 2009 02:21 PM