Determining Value When There are Little/No Comps in the Area

[Andy Cross]

We've got a lead in a rural area of Southern California; north of LA. This lead has potential to be a fix/flip or a rental.

However, there is only ONE comparable within the last 3-6 months. All the other properties that were recently sold were built 30-40 years later, and are all rehabs.

I feel I cannot determine value just off this one comp.

I've spoken to realtors in the area, and they all have sent me the same list of comps; thanks, but I pulled this same list from Redfin.

How do I make an offer with only one comp and no budget to consult with an appraiser?