Hey guys, so we are working on a deal and need some advise. We have been working on a REO (double closing) deal, we received comps from our realtor and ran a few of our own, ran the numbers and submitted the offer. It got Accepted, YAY!! As we were prepping the email to blast this to our buyers we realized that the comps we used were mostly about a year back, with only one recent sale...we are worried that if we market the property to our buyers with the comps we used they might not see the profit and in turn might not think we know what we are doing (want the #'s to make sense.) Can someone give us some insight? Should we just back out of the contract?
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