Bad News For Britney Spears As She Made A Loss From Selling Her California Home

Chisom Ndianefo
Britney Spears
Shutterstock | 186983032

Uh oh, wrong financial move with that one. Britney Spears' California house was sold for an impressive price, but this deal only made a little for the singer in terms of profit. The sale comes shortly after Spears and her husband, Sam Asghari, purchased it in 2022.

Keep reading for all the details.

Big Sale

The six-bedroom property was built in 2008 in Calabasas, California. Spears and her husband bought the house for $11.8 million in mid-2022, per TMZ, and put on sale for $12 million.

Slight Loss On Sale

However, the off-market deal was sealed for $10.1 million, which means they recorded a loss of $1.9 million below the intended price and $1.7 million for the couple.

Deets About The New Owner

The buyer is reportedly a personal injury lawyer from Texas. Britney and Sam purchased this mansion when they tied the knot, and it stands close to her ex-husband Kevin Federline's house.

Bad Timing

Britney Spears
Giphy | T. Kyle

The sale comes at an unpleasant period for real estate experts as home prices are at an all-time low. According to a verified source, mortgage rates have skyrocketed to control the crazy inflation ravaging the United States.

Why Did She Sell It?

On selling the house, reports revealed that the Gimme More singer found the Calabasas home too exposed for her liking and has now opted to live in her other home in Thousand Oaks.

Details About The Home

Britney Spears

The mansion features 11,649 square feet of living space on a 1.6- acre lot and has a 10-seat movie theatre, a wine cellar, a wood-paneled office, a master bedroom, a fireplace, and a 55-ft. pool that has a built-in waterslide.

Word From Bryce Pennel

Britney Spears
Giphy | Britney Spears

Bryce Pennel handled the seamless process, and he said this in his statement.

"Our primary goal in the sale of the home was to do it as quickly and as painlessly as possible. Historically, homes in this neighborhood sit on the market for over a year and go through several price reductions before selling. I sourced a buyer in under seven days and negotiated a non-contingent, all-cash offer that closed in three business days. It was discussed and mutually agreed upon that we would rather take the slam-dunk than risk selling even lower one year from now, after months of accrued carrying costs and expenses."

Britney Spears Conservatorship

A judge ruled that Spears should be released from her 13-year conservatorship in November 2021. During her years under conservatorship, her financial and medical freedoms were restricted.

This means she wouldn't have made this decision as fast as she did two years ago.

Trouble With Animal Control

Animal Control in California recently served her and her husband a warning after her dog, Porsha, escaped their home on February 23.

Porsha Is A Bad Dog

Britney Spears

According to a YouTube video by TMZ, the dog roamed around the neighborhood when it crossed paths with a 73-year-old man on his bike. The man put his foot down to prevent a fall, and that was when Porsha attacked it.

Planned Intervention

Last month, her family and friends reportedly staged an intervention for the pop star. The source revealed that her manager and husband had rented an apartment in California where she would stay for two months under close supervision from doctors and therapists.

Major Fears

Britney Spears
Unsplash | Mathew Browne

This intervention is mainly because her loved ones fear that she might die due to substance abuse and mental health issues.

The Manic Episode

Her family's intervention comes after her manic episode at NOBU in Los Angeles. The singer became incoherent and began throwing tantrums as camera lights flashed at her.

Sam Asghari Defends His Wife

Following the incident, which sparked fans concerns, her husband defended her and warned concerned fans to desist from making baseless assumptions about his wife.

Britney Is A Big Girl

Britney Spears

He also reiterated that Spears is a grown woman and is capable of making her own decision, especially after the news of an intervention leaked to the press.

Britney Found Her Voice

The star also refuted the claims in an Instagram post and announced she'd be leaving Instagram soon since no one wishes her well.

Britney And Asghari

The lovebirds exchanged vows in front of their friends and families last year in a star-studded wedding that was held in Los Angeles. They have been an item for about five years before making it to the aisle.

Britney And Her Family

Britney Spears

The 41-year-old is still not on good terms with her family and doesn't hesitate to call them out occasionally on social media. Last year, her mom publicly apologized in her comment section, but it fell on deaf ears.

The Best Mom

The 41-year-old is also mom to two boys Sean, 16, and Jayden, 15, whom she shares with her ex-husband Kevin Federline.