Agent

Home seller’s remorse takes its toll on homeowners

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

A few weeks ago, I spent several days at my second home in Minnesota. I look forward to these monthly "forced vacations" where I combine business and pleasure. Of course, I always check up on the local real estate market conditions. On my most recent Minnesota visit, at Southdale (the nation's first enclosed indoor shopping mall), I unexpectedly encountered a high school classmate (actually a high school sweetheart, but that's another story). Purchase Bob Bruss reports online. After all these years, I'm surprised we recognized each other. Of course, I hadn't changed a bit. Then I said "Bring me up to date on what's happening in your life." Knowing I write about real estate, she "unloaded" she and her husband decided to sell their longtime home and how it is turning out to be the biggest mistake of their lives. Fortunately, we found a convenient bench to discuss this real estate crisis. HOME-SALE TAX-FREE PROFIT DOESN'T LOOK SO EXCITING. Then she explained how they decided to sel...