You know what must be tough?
Buying your condo in 2004 for $725,000 and then having to put it on the market in mid-2007 for $699,000.
Which means, after commission, you’re only going to end up with around $665,000.
That’s a $60,000 loss.
By the way, it’s a good time to remind you all, losses on the sale of your own home are not tax deductible.