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Boston condo owners holding out for higher profit

Updated 10/07/17

Some homeowners delay sale in hopes of higher profit

These people, on the other hand, are just crazy.  They make us all look bad.

By Adam Shell, USA TODAY

Kandy Walsh owns a second home near Tucson that has appreciated $200,000 in five months, and she’s ready to sell it. But not just yet.

The reason: She’s betting that if she waits six or 12 months more before selling the new 2,200-square-foot home in a gated golf-course community, she can make even more money.

“I don’t want to sell too early,” says Walsh, a real estate broker in her 50s. “But I don’t want to get clobbered, either. But if I roll the dice (and win), it is an extraordinary opportunity to really make money.”

Complete article: Some homeowners delay sale in hopes of higher profit

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