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Red hot real estate markets have turned surprising profits for unintentional property flippers – CNBC

Real estate brokers are seeing a rising number of unintentional real estate flippers as wealthy buyers find luxury properties are scarce.

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An aerial view of the Rockybrook Estate in Delray Beach, Florida
Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call.
“The buyer called me to say they would be selling the home. Honestly, we were surprised,” Adzem said in an interview. She recounted how the buyer explained his plans had changed. He and his family could no longer move to Florida.
“I’ve never been involved in a situation…

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