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None of us have a crystal ball to determine where the market will head, but at the moment, with Interest rates still historically low and many new and repeat home buyers in the market, it appears to be a great time to sell - especially if you are currently not profiting from renting the property. I would start by getting either an appraisal or a broker price opinion on your property. A good start is to have a real estate professional run a CMA for you (Comparative Market Analysis) - both for a Sale and a Rental. Perhaps the rent you are currently collecting is not in tune with current rental rates in your area. I would also recommend you check with a mortgage lender if refinancing at a lower rate is an option for you. As the property is a Condo I would also check with the HOA to see what their financial picture is - this is also public information for you to explore. The financial position of an HOA can give you a picture of how that development might do in the future. You can then compare all the information you have and decide which option would give you the greatest benefit. As a home is one of the largest financial investments we generally make, setting a financial goal may be recommendable - at least to explore the options that give you the best financial outcome in the near future. Hope this was helpful!
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