Asked by Wintersucks, Fairfield, CT • Wed Aug 4, 2010
My mother and I are moving to Arizona to be near my older son and pregnant wife, and to put some distance between us and the weather in the N.E. From what I see in the near future, economically, with a bad decade upon us and little sign of a rebound in home values anytime soon, I am leaning now more to selling her condo off Old Country Road in Plainview and running with the best we can get for it (a Villas unit) as opposed to spending $4000-6000 to make it ready for sublet, milking it for a few years until it increases in value. Zillow has it listed a $359,000. (I know we won't get that - if we're lucky, maybe$310,000 - $325,000). That's about the highest I've seen in a long time. Sell it? Lease it and wait until 2016 or later to sell it?
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