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Sounds like you're playing the "trying to time the market" aka greed card. Bad idea. It's like watching a schlub on Pawn Stars find out the junk he didn't want 30 minutes ago is suddenly worth more than he thought and he suddenly demands full appraisal only to get shot down.
You will almost certainly get more in 5 years than you will today, but do you want to sit on it another 5 years with the taxes, upkeep, etc?
You can rent it out, but you might get tenants that don't treat the place well.
If you're just trying to read the market, that's what browsing Zillow or Redfin is for.
If it were me (and it probably will be soon as I'm also planning to sell a second condo), I'd wait until Monday evening when more people can view it and throw offers in, review them, and either go with the best offer or send a best and final request back to the top 3-5 offers. Either way, it's selling and I'd rather move it for asking or over and be closed in a month with no contingencies than get greedy asking too much later and having the listing go stale, or worse, have the market turn on me and have it take 6 months to move it with contingencies stapled on.
Here's another way to look at it: What is your opportunity cost if you sell? What is your opportunity cost if you don't sell? Compare these 2 things and you should be able to make a decision based on which nets you more of a benefit.
For example, if you sell now and you take your profit and invest it in ???? then you are putting that money to work for you and hopefully realize a gain from it. What is the projected gain from this scenario?
Now compare that to keeping your asset and say renting it out. Does this avenue create a bigger gain? If so then you have your answer.
I realize this is a very simplified way of thinking about opportunity cost, there are many variables to consider, but that is what you would have to do for yourself with your own personal situation.
Years ago had 2 houses for sale as the house we tried to sell didn't and we had already purchased one I wanted. The house I wanted got an offer of more than our asking price with no contingencies. I had to make a decision, and I wanted that house, so we turned it down and took it off the market. Of course we had to pay the full commission to the agent/real estate company as they had done their job selling it, and I had no problem with that. We did end up selling the first house after all and were able to move into the house I wanted so badly.
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