Not Every 2005 Home Buyer Enjoys Equity in Sacramento

By
Real Estate Agent with RE/MAX Gold DRE #00697006

Because I sold such a boatload of short sales since 2005, cummulatively more than any other agent I can find in a 7-county area according to Trendgraphix, I had been hoping the negative equity situations were now a thing of the past. However, I keep finding evidence that we are not completely out from under yet.

After 14 years! Mindboggling that there are home owners who still cannot sell for the price they paid back then. And there exists a variety of logical reasons for these situations.

You can read more in my personal blog today at this link: Some 2005 Sacramento Home Buyers Are Still Underwater.

Posted by

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Sacramento County Sacramento
Groups:
Northern California Real Estate Professionals
CALIFORNIA REAL ESTATE
Lyon Realtors
ActiveRain Rockstars
Bartender, Make it a Double
Tags:
sacramento listing agent
2005 home buyers underwater sacramento
why some sacramento sellers have no equity
how to pay too much for a home in sacramento
why buyers overpaid sacramento homes
buyers attitudes about lacking home updates

Spam prevention
Show All Comments
Ambassador
3,161,886
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

We see a lot of sellers in Northern VA suffering at the hands of buyers mindsets today, wanting everything updated and move in ready.  Not too many willing to take on a project.

Mar 27, 2019 10:00 AM #1
Rainmaker
2,747,200
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

The purchase of short-sales were a boom for some homebuyers, but others were burned by them, because of reasons you mention - the "As Is" clauses, and lack of proper inspections.  The buyers that did a little better were those who had the skills to renovate and flip.  And, yes, the buyer perspective today is changed.  They tend to be more discriminating about condition.

Mar 27, 2019 12:58 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,191,370

Elizabeth Weintraub Sacramento Realtor Top 1%

Put 40 years of experience to work for you
How much is my home worth?
*
*
*
*
Spam prevention

Additional Information