Condo Thoughts

[bertine]

Today, while driving into work, I was thinking about selling my condo(s). I know it is a year or so away but I have a lot of work to do on it and this market is terrible. I am pretty sure there is going to be a couple more rounds of foreclosures depressing the market which means there is no way I am going to get a good price for my condo as one big unit. So, I am really thinking that the best way to sell it is as two smaller units. That way I could put one on the market and rent out the other one for a year or so while the market got better.

I have a feeling I am going to be able to sell it for about what I owe on it, which is sad because that is much less than what I paid for it.