Should I Sell My Investment Condo In Destin, FL?

Should I Sell My Investment Condo In Destin, FL?

As a listing specialist focused on Destin Condos For Sale I hear this question or some close variation of it all the time.

I bought an investment condo in Destin, FL and I’m wondering if I should sell it? 

The first question that comes to my mind is:

Do you have to sell the investment condo in Destin, FL?  If you are sinking financially and owning this investment condo at the beach is pulling you under then the answer is yes – I would advise you to sell it.  You may even want to take a close look at a Short Sale.  If the answer is no – then you should dig a little deeper to find your answer.

Do you use the investment condo in Destin, FL?  If the answer is yes – all the time.  Then I would tell you to hang on to it and use it up making great memories with your family and friends at the beach.  It’s still a tough buyer’s market for sellers looking to maximize their investment real estate so I would not sell it unless …   you do not use it at all, or even if you use it once in a while.  I say this because if you don’t use it very much you can probably rent a similar unit for less than it costs to own and carry the property. 

Is this investment condo in Destin, FL the best use of your money?  If the property is costing you more than you are bringing in from rental income, or even making you a few bucks, I would take a hard look at where else I could get better use of my limited resources (money used for the mortgage, taxes, insurance and maintenance).  Your accountant or financial planner should be able to help you here.  The bottom line is if you can get a better return from your money than your investment condo in Destin, FL you should look at selling it. 

Here’s a good place to start your decision making process. 

Determine the current value of your Destin Condo so that you can make a good business decision as to what makes most sense for you right now.  I can help you out with that – simply click on the link below and we will be able to tell you what the value of your investment condo in Destin, FL is. 

If you have any other questions about Destin Real Estate Investment in general simply call or text me at 850-217-7618 and I will be happy to address them for you. 

Should I sell my investment condo in Destin, FL?