Please let me know what you think....St. Louis Property

General Real Estate Investing
1

Hi Everyone…love the site and all the good info!

I have a 2/2 condo in St. Charles west of St. Louis…trying to decide when to sell. Currently have a good renter almost covering costs so no hurry to sell but he wants to renew lease for another year.

I am trying to decide whether it would be better to sell in another year or now, when I know for a fact the market is slow.

I am an out of town owner so I wish to eventually divorce myself from this property…just no hurry due to good renter and tax benis.

Does anyone have any knowledge or even a gut feel about the St. Charles market. I would really appreciate any thoughts!

Mark

2

I live in Chesterfield Valley, right on the other side of Missouri river from St. Charles. I have spoken with realtors in the area and they think the market is starting to pick up, but still an abundance of inventory. If you can I would suggest holding.

3

I agree, things in St. Louis are picking up and St. Charles is a pretty good area. I also suggest hanging on at this point based on your good tenant and amount of inventory on the market