The Seller Who Owned Their House For < 2 Hours (110 minutes, to be exact) Before Going Back on the Market

Resale Mystery

Amongst the new Twin Cities listings debuting on MLS today, this Minneapolis home caught my eye:

5/31/17 (1:03 p.m.):  Closed
5/31/17 (2:53 p.m.):  Active

Why would someone buy a home — in multiple offers, no less — than immediately put it back on the market?

No, it’s not a flip:  the Seller paid $330k, and is now asking $340k.

Net of selling costs (including commission), they’re almost sure to lose money.

The only explanation was this comment, in the “Agent Remarks” field on MLS:  “School situation is the reason for Back on the Market…seller sad to say.”

I’m not sure that clears it up . . .



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