If comps for a condo for sale were at $70,000 to $84,150, would a $72,000 offer work for you or not, and why?
It may or may not. Comps are only part of the tools you use to determine a price on your home. Location, certain amenities, age of appliances, upgrades, etc. all can figure into things if they’re expensive enough. Obviously if you don’t know them you can’t consider them but if you do-it may help you win in a bidding war. Then again without knowing them yet still being the best bid around could win you the condo anyway. Just remember that all these prices are virtually meaningless at the end of the day because a place is only worth what someone is willing to pay for it.
Are comps for a condo for sale, used from the condo complex only, or from neighborhood condos as well?
nearby properties of similar description are also used, especially when there are few recent sales within the target complex. adjustments for size and difference in features are generally made.
Is there a website where i can find if a specific building has condos for sale?
MLS.com has all properties for sale in the US which has an MLS number (which is every home and condo being sold by a Realtor). It plots them all on a map so you can easily narrow down by geographical area – and see all those listed in a single building.