While it might seem wasteful to some to buy a house only to tear it down, it’s not an uncommon reality in classic neighborhoods with higher property values. Since vacant land is scarce in well established areas like East Sacramento and Land Park, some buyers will purchase a smaller outdated house, demolish it (sometimes the foundation or fireplace is kept intact) and then rebuild a much larger home.
Win a $5 Starbucks Card: It’s obvious what’s happening in this photo, but put on your creative thinking cap and come up with an alternate reason why this house is being torn down. I’ll send a $5 Starbucks gift card to my favorite comment below.
Thank you to Chris Little, 2013 President of the Sacramento Association of Realtors, for letting me share this photo. He posted it on Facebook recently, and I thought it was perfect to share. Some pictures really help illustrate the market.
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