I sold my rental condo at a loss (bought 3.5 years ago) Given the information at hand, I was lucky to get the price that I did. It sold off the first offer that came in on the first day. After that, zero showings, and very little listing viewings.
I was renting it for a small loss as well.
With rising interest rates and the downward pressure on the condo market, the timeline to try an recoup my losses was much longer than I wanted to be a landlord. The uncertainty of rental vacancy, rental term etc. I just decided it was time to pull the pin. I perhaps could have eeked out some more but to me it wasn't worth it.
It was in a good location too. Briar Hill.
Sent from my SM-G950W using Tapatalk
|