On Second Thought, Let's Flip It

Posted by Dave Fratello on Sunday, March 25th, 2007 at 7:41am.

It's summer 2006. You've just bought a lovely home in the Tree Section, in sight of both Pacific School and American Martyrs church. You move in.

And yet, just a few months later, you get the itch.

Should we move again?

Is this really the perfect home in the perfect location?

In the news they say the real estate market is strong. Let's see if we can sell!

And so, just 7 months after hanging up your suits and arranging your glassware, you put your house up for sale.

It's 758 14th St., part of a very nice and unusual (for MB) planned development of 20-odd homes (townhomes actually).

You paid about $1.7m, but maybe you can get $2m now, with all the talk of a reinvigorated market.

(Technically, the purchase was $1.695m and the listing began at $1.990m.)

As MBC shall often repeat: Best of luck to all sellers. Maybe your lives changed overnight, and selling is necessary.

And yet, please don't expect bodacious profits after less than a year.

Flippers are defined elsewhere, officially and statistically, as folks who own a home less than 6 mos. You've avoided the definition but not the appearance of being flippers. Do you, also, need a calendar?
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