I asked the real estate broker who I used to buy my condo in 2007 to stop by and go over the prospects of selling. I'll cut to the chase; she said not to even try to sell it now.
She had done all the research and brought over many printouts showing what has sold recently. The prices were disturbing. She also highlighted current ones where their listings had expired and were then re listed at MUCH lower asking prices. From all the data, it looks like I would lose approximately $25,000 - 30,000. I had expected a small loss, but that would be unreasonable.
She was pleased with the way the place looks, clean, neat, etc. She gave me a good contact to replace the air conditioner condenser. (I don't use the a/c, but it has to work to be able to sell.) And we're going to keep in touch. Once the market starts to show signs of life, I'll list it with her. Other brokers would have been glad to write up a listing for me, at a price that would never work, and let me be bothered by realtors bringing by clients. But this woman is truly professional. She knows that when the time is right we'll be able to list it with good results instead of dangling it out there now when the market is bad.
I know that waiting is the right thing to do but sometimes it's just discouraging. I had hoped to be preparing for my next adventure but it looks like this one isn't completed yet. I'll be spending some time this weekend trying to figure out what I'm supposed to do next.
I would have posted this in the morning but I don't want anyone thinking that it's an April Fool's joke. Sadly, it's true.