I have a condo in Florida that I have been trying to sell for a year with no offers. I moved out of it and now live in Denver because that is where my job took me.
The listing just expired and I am trying to figure out whether I want to put it back on the market and reduce the price more, rent it out, or try to lease/option it. It was last listed at 164k.
I am not in danger of running out of money making the payments but I am obviously not happy about it. I can also lower the price and just pay whatever money I need to at closing. Any advice on what to do with this condo would be appreciated.
Mortgage Balance: 159k
Monthly Mtg + Assoc. Fee: $1800
Likely Rent Amount: $1k to $1.1k