That was an expensive visit

75 busckfield.jpg

75 Buckfield Lane, now asking $3.499 million, reports a contract. Seller paid $4.4 for it in September, 2015, and that’s where he priced it when he went to re-sell it in September, 2018. Assuming he gets, say, $3.4, his three-year (yes, EOS, “months” was a typo — stop picking on me!) stay will have cost him a million dollars, and another $300,000 in transaction costs. He’d have been better off renting.

The lesson here, or one of them, is don’t pay almost-full-price for a house in a remote location that’s been on the market for just 30 days. Let it mellow.