Real Estate

Unintentional real estate flippers are raking in surprising profits

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An aerial view of the Rockybrook Estate in Delray Beach, Florida

Douglas Elliman

Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call.

“The buyer called me to say they would be selling the home. Honestly, we were surprised,” Adzem said in an interview. She recounted how the buyer explained his plans had changed. He and his family could no longer move to Florida.

“I’ve never been involved in a situation where the client invested such time and effort to purchase a dream home — only to have to turn around and sell it less than two weeks later,” Adzem said.

The client relisted…



Source cnbc.com

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