Active vs Pending vs Closed

[Chris Vasquez]

General concensus.
The investor side of my brain wants to make a couple of offers. HUD, REO etc.
The Realtor side of my brain keeps me held back.
I'm finding many Actives in the same area as the subject property. Unfortunately no recent Pendings or Sales. Going back 6months to get maybe one or two sale yet no Pendings Not a good sign.

My question to everyone is. How do you use this information in determining whether to pull the trigger? My offers would be very close to the 70% rule. Do you have a rule of thumb to walk away from that neighborhood. ( fix and flips)

Thanks

[J Scott]

If there are no recent sales in an area (but lots of listings/actives), I would hesitate to purchase in that area with the intent to flip...the likelihood is that there just aren't a lot of buyers in that area.

I have a few areas like that where I invest...I monitor the activity, but until/unless it changes, I won't be buying in those areas.