someone needs to light a fire under the condo association to get things moving and to begin legal action against the deadbeat owners ...............potential buyers will be turned down for their mortgages if the financials are as bad as they appear to be...so,, absolutely, yes, this will impede anyone's ability to sell in the building....plus - even if a buyer has all cash, they will be reluctant to invest there, and will probably run in the opposite direction, no matter how discounted the prices may be
David I'll add something to what other brokers told you. 80% of For Sale By Owner get fed up trying to sell the property on their own, and dealing with unqualified buyers who are just wasting everyones time and aren't serious or can't afford your place. At this point you are probably very optimistic, and wont listen to us until you get tired and have to lose your weekends to host an Open House.
Another reason why selling on your own is difficult, how did you price your home, where did you get the price? What your neighbor told you they sold it for, may or may not be true, everyone likes to add a few #'s to what they really sold it for.
You can use Craiglist, you can Use Trulia and Zillow, or PostLets, but can I tell you something. Majority or REAL QUALIFIED buyers work with Brokers. To a buyer working with a broker is FREE. So by selling this on your own, you just excluded all those potential buyers from seeing your home.