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Do I sell or stay for another couple of years?

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eringer

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I own a "hipster loft" in downtown Minneapolis.  I don't even live in the state any longer due to my fiance and I relocating for his job on the east coast.  I currently rent this out and still end up paying 7,000 in HOA and the remaining of my mortgage.  Do I sell or stay for a few years?  I bought it for 237k with a heated parking spot.  Who knows now what it is worth!
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January 06 - Southeast Como
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Nancy Lee, "An OrderLee Home"

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It really is nice when we learn the 'rest of the story'.   eringer, if you are out there, what did you do?  What happened?
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November 09
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Skip Thomas, "skipthomasremax"

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I would call a realtor who really specializes in your type of property and that area and get a price opinion if you were to list it now.  Depending on your situation, you then could make a decision to sell or not.
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November 09
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Michael Emery, "MikeEmery"

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Yeah condos (especially hip pads in DT Mpls) took the greatest beating, pricewise. It would be great to know if they sold because if they didn't they took a beating.
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November 05
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Roberto Ribas, "azrob"

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actually, it didn't depend on his circumstances at all, thus pointing out the foolishness of your advice... priced dropped a ton, he should have sold...
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November 05
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REALTOR_GRI

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It has been awhile since I've been a regular poster on Zillow.
That being said... it would appear that the OP was made in Jan 2006.

Hopefully they sold.
What is not to love about hindsight?

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November 05
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James Sawicki, "TheSawickiGroup"

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Depends on your situation.  No one knows what the market will bring in the next few years, some are forecasting another wave of foreclosures as option ARMs adjust upward.  This would probably flood the Minneapolis condo market again and drive prices down more.  Then again, the market/economy could rebound upward and values could stabilize and rise.  Your question is a difficult one to give advice on without lots more information about your circumstances; it all depends on your personal financial situation, goals and needs.
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November 05
 

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