Well I am potentially looking to sell my condo now. It was a scary decision but I think the right one.
Why is it scary? Well, I simply bought at the peak, so I will have to take a loss on the condo. But at the same time, I don’t think the loss will be more than what it would have cost to rent for the past two years or so.
We are just ready to buy a real home and it is exciting but at the same time – a bit scary, as I said.
The good thing is that our condo is in great condition to sell. It was completely renovated two years ago before we moved. I mean completely! The condo management did all the work themselves, so it was done right. They knocked down the walls, gutted all the piping, redid the whole kitchen and wood floors. I had them add a small room for a washer and dryer, which required them to install a new circuit breaker and water lines into that area of the condo. I also added two new air conditioners that are both energy efficient and powerful. In addition, the condo has one of the largest, if not the largest, patio of all condos. The neighbors are nice and friendly also.
I put a lot into the condo and I expect to make less of the purchase price of the condominium. Yes, this is sad. But it is currently a buyers market, so I am on both ends. I am selling and buying. The location is where most people in Monsey want to be. I live in a very orthodox Jewish area – in the heart of Monsey. I would be moving far out to a less Jewish dense area, but into a full home (hopefully about an acre). No, I did not find a home yet, I won’t until I know I can sell the condo.
Here is a picture of the condo I took at about 6am this morning from the outside (a bit dark outside then):
Any tips for a first time home seller?
OH: If you are interested in buying this condominium or know someone who is interested, let me know. How? I guess use the RustyBrick contact form and I will get it.