Should I sell my condo now in Southern Ca, Orange
I was wondering if anyone believes that now is a good time to sell in Southern California (Orange specifically). I'm thinking about leaving my husband and it would be doable if I sold my condo and used that money to pay off the house I currently live in. Some factors to consider are that there will be some new condos which are in the planning stages to be built next to mine so I'm concerned there will be more competition, still it's California and I don't see this property going too far down in value because of that, but not sure
here are the numbers
my rental-condo - one exactly like mine just sold for 269K
currently receive $1200 mo. from renter but have HOA of 320 mo.
this condo is paid off
Or
should I stick it out and see if the value of the condo goes up in a few years and then sell? I could suck it up and deal with hubby for a while if I had to. Any feedback would be highly appreciated. Just don't want to make a wrong financial decision. Thank You