Get ahead of the game -if you are in an area that has been hard hit with short sales and foreclosures, and the market continues to decline - and you don't have the time, patience and abilities to keep up the property and rent it out to new students, until the market cycle again goes up - (and it will) then hire an appraiser to give you a true and accurate and unbiased listing appraisal value - and ask him or her to promise to provide you an update on that appraisal in 4 months if not sold, (when the value will again be lower). Then find a local agent who IS not a girlfriend or guy pal, not related and who has a track record of recent sales in this past 12 months, and can give you several recent sellers to call for references. Then you price that house or condo 5% below the appraisal value and tell the agent to get out there and sell it. Unless the street (or condo complex) is laced with foreclosures (like Las Vegas or Phoenix, for example) you will be in a highly competitive value range and if it is, as stated, notably retrofitted and upgraded, (the appraiser's opnion will tell you how good it is) you should have the best chance to sell. Don't sit back and think about all your work to retrofit the property. Don't sit back and think what it might have been worth, two years ago - if you want to sell it - get a listing appraisal - the $350 to $400 fee will be the best price you ever put into the property.