List price - for real?

[Timothy Basham]

Hi - I'm planning to do fix and flips in Brandon, FL. I've been looking at the listings for minimum 2 bed, 2 bath, single family homes built in the 70s, 80s and 90s ranging from 75K to 150K (REO, Short sales and Foreclosures). I haven't visited any of the properties yet - just looking at the pictures. Most look like a minimum of 20K rehabs all the way up to 75K. All of these homes are listed at retail prices, i.e. same as homes that have sold recently. Looking at the ones that have sold - they are sold either at or slightly below the asking price and are pretty much all in the same poor state of repair. Should I even consider making any offers that fit the numbers or is this market (Brandon) even doable for fix and flips?