Depends largely on what market you're in, but there are ways you can figure this out. Days On Market for those Active listings will be a big indicator of market activity in that community/area. If you have access to the MLS or an agent you can ask for help, I'd check the MLS for that zip code or city and check sold in the last month, 3-6 months, and 6-12 months. Sales for price ranges from 100k to 750k. Pull up a report on the statistics and see what the average List Price/Sale Price is, average DOM, and number of homes sold in each price point. This will give you an idea of how many people are buying in those price ranges and how quickly. This is what will matter to your end buyer and will influence the deal further. I wouldn't use Active listings for comps when presenting the deal to investors but rather as an indicator for you to know how demand is in that area for those prices and home styles. Are the other comps Sold? How far away, how long ago, and is the work that was done to them comparable to what will be put into your subject property? All important things to consider. You want to find Sold comps more than anything to make your decision. Based on those things, with accurate repair costs, calculate your numbers again back down to what you want your fee to be on the deal on top of your purchase price. Do the numbers make sense then? If so then the buyers will come if you advertise the deal properly.
