All Forum Posts by: Sundri Khalsa

@Adam Gollatz Thank you.

Any advice on sale price and when to sell this condo for the best price? The Beacon just settled litigation with a big settlement. Condo prices were lower than their counterparts due to litigation. Now that the litigation has been settled, what is a good sale price for this condo?-- 1 Bed, 1 Bath, 716 Square feet, 6th floor, courtyard view. How long should I wait to sell for the market to adjust the Beacon to the best sale price? Also, is there any chance that the absence of litigation would cause the rent price to increase too? If so, maybe I’ll continue to rent instead.

It's at 4 Beacon Way, JERSEY CITY NJ 07304 for everyone who asked. Does this low price still make sense?

Thank you all so much for the replies!! So helpful and really makes me feel good about my decision to sell. Thank you!

Thank you all so much for the replies!! So helpful and really makes me feel good about my decision to sell. Thank you!

Any advice? Should I sell?

I have 5 properties. One looses $458 per month, which might go down to $383 per month if rent can increase to what property manager says is possible now. That monthly loss is preventing me from paying off one of the other properties faster.

I purchased the condo in 2007 in Jersey City for $360,000 and put $30,000 down.

Refinanced in 2013-ish at interest rate of 4.25% as investment property after I had moved away.

I currently owe $250,100.

I can sell now for $270,000--the first opportunity I've had to sell without needing to pay money at closing.

I can afford to keep the condo and continue to take a $458 to $383 monthly loss, but should I?

Does the property really ever have a chance in my lifetime of going back up in value to $360,000 or higher?

Property is located in Jersey City, NJ and currently valued at about $270,000. 

Any advice? Should I sell?

I have 5 properties. One looses $458 per month, which might go down to $383 per month if rent can increase to what property manager says is possible now. That monthly loss is preventing me from paying off one of the other properties faster.

I purchased the condo in 2007 in Jersey City for $360,000 and put $30,000 down.

Refinanced in 2013-ish at interest rate of 4.25% as investment property after I had moved away.

I currently owe $250,100.

I can sell now for $270,000--the first opportunity I've had to sell without needing to pay money at closing.

I can afford to keep the condo and continue to take a $458 to $383 monthly loss, but should I?

Does the property really ever have a chance in my lifetime of going back up in value to $360,000 or higher?

Property is located in Jersey City, NJ and currently valued at about $270,000.