We have a potential counter offer coming through on our condo. Have to decide if we should accepts or not. Would you based on the following?
We bought the condo, new construction for 178 k.
We had the plan modified to add an office space which has a window, heating, electrical but no closet, though there is room to add one without taking space from the small room (8*8.5).
We always considered it a 2 bedroom + office, but our neighbour bought her identical unit (few minor differences so her's looks a little nicer) for 274 k 4 years ago as a 3 bedroom unit.
It is definitely debatable if it counts as a 3 bedroom unit, neighbour's agent thinks it is, ours doesn't. Her agent suggested selling price of 300k, ours thinks 260-265k
We currently have tenants in it till June 1.
We listed it for 279 k and have an offer now for 268. A similar 2 bedroom (no office and 1 floor lower, but upgraded bathroom) sold for 269 and that is what we are being compared to.
Would you accept or wait it out?
Would a better option be waiting till tenants leave and staging it properly? Updating the paint? Or sell it now and avoid the hassle.
I like having it and enjoy the income, but we are planning a cross-country move in 18 months and it's hard to sell if your tenants aren't leaving, because laws make it difficult to terminate leases.