Asked by Terry Chapman, Fort Myers, FL • Thu Oct 9, 2008
We took advanctage of the down market and bought a larger seasonal home in the same gated community and now have a condo for sale. The empty condo has carrying costs of $8,000 per year. We could drop the price by $25,000 below our cost and sell the condo or we can invest $20,000 in furniture and rent it out for $10,000 per season. Should we sell and accept the loss now or treat it as an investment and wait for the market to strengthen?
Real Estate in Fort Myers
Popular Categories in Fort Myers
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!