No, I'm not a realtor, just someone who invests in real estate that wishes he had more capital to invest at this time. Good luck!
TRI Coldwell Banker, SF's #1 Office
It is good to crunch the numbers, obviously. I would suggest you bring in a rental agent. Hill & Co has them and it is a free service to come and give you a price quote. I would also call upon 2-3 realtors to give you an idea of a price for the sale of your unit. Make sure you get a full comparable market analysis..... which can be done quite quickly.
Then make your best decision. A good realtor can bring your property on the market VERY quickly. A good rental agent of company can do the same.
We would all like to have the opportunity to assist you. By the way, I grew up in Presidio Heights. Property there sells well AND rents well. If I were you, I would rent it for I believe real estate is an excellent investment.
I manage property for clients and can sit with you to go through the numbers to allow an infomred decision. Rents are pretty good in the City and well marketed condo's are also selling well so the other factors are how much is your monthly payment and what are your long term plans.
There are ramifications of entering into being a landlord in SF that are important to discuss and be informed on also.
Another big factor is your loan - if you have a 30 year fixed rate loan, you'll always know your costs. However, if adjustable (now or in the future) you are at the mercy of the markets, and chances are rates will be going up since we're at near-all-time lows.
This also leads to the question of what are your long term plans? Would you ever come back and move back in? Or are you planning to sell it no matter what and just want to correctly time the market?
If you are trying to time the market, I'd suggest selling now because we know what the market is doing now, and it's impossible to predict the future. With the stock market back up, interest rates low, and lots of pent up demand, there is a market for your condo right now. We just don't know what the future will bring.
For a home valuation report please visit my site http://www.Evaluate-my-home.com or contact me directly and I can help you make a fully informed decision.