Shoud I sell or renovate this condo?

Asked by Ming D, Illinois Wed Jun 25, 2008

I bought a condo in Dec 2005 for $145,000. Now I'm getting married and want to sell it. The condo needs some update. An agent said I may sell at $130,000 if I sell in this condition. The same unit that's totally renovated are listed at $156 - $174,000, and they've been on market for a long time. Should I take the loss or put more money and time into renovation? Thanks!

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