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I mean a house is going to be the same thing, there are always issues to take care of that come up unexpectedly. Like HVAC or roof replacements, a flooded basement, etc. Make sure to consider that too
As more buyers/sellers become aware of the issues with uncontrollable HOA, land lease fees, insurance premiums and repairs, etc. prices of condos, apartments and mobile homes are taking a dive. I’m in California and have seen prices drop considerably just in the last 90 days. No one can afford a mortgage over $2k with $500-$900 HOA fees. If you want out…get realistic comparisons and watch how long condos in your area are sitting on the market and adjust your asking price accordingly.
What building? Condos seem to sit for a while from what I have been observing but they do sell so long as not overpriced
Median days on market for condos sold in May was 60 (vs 40 for single family). How you price it determines how fast it sells though.
Why not rent it out?
Most places have a limit to the number of units that can be rented out, usually it’s a years long list.