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.

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2 Responses to “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?”

MyHandsAreMadeOfPasta on August 2nd, 2011 at 5:36 am

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.
References :
kemperk on August 2nd, 2011 at 6:05 am

as as buyer or seller?

your query is a bit vague
References :

Real Estate