Should I purchase a property with no comps in the area

[Eric Lawson]

I came across a property that is Bank owned as a possible flip and the bank is asking for $63,000 unfortunately there are no comparables in the area to this property. In the last 6 to 12 months properties that match the criteria for this home which is a 3/1.5 townhouse 1500sq only comps are single-family homes with a more square footage than this property. should stay away from this property Because the comps on the area are all selling or have sold for $60,000 or less.