The question is, are YOU concerned about buying a home like this? Something has made your antennae go up; I'm a firm believer in listening to you intuition, and acting on it.
I would do some in-depth research about the situation. Talk to the previous listing and selling agents to get a clearer picture as to why the home was sold. Is it a marginal location? Is it the smallest/ least expensive/ lowest priced/ lowest quality for the neighborhood? Is it a starter house, making it a home that first time buyers choose for the short term, then move on? Is it a "fix and flip" home that is continually being refurbished, then sold for a profit? Is there a neighborhood nuisance problem, like barking dogs or a nearby school?
Look at the track record, and then discuss your concerns with your Realtor. Be sure you get a full set of disclosures, and ask for any and all previous reports on the property. If you do your due diligence, including thorough inspections, you should be fine. On the plus side, the home has a proven track record for selling, which will be good when you are ready to move on.
Best of luck,
The Bremner Group at Coldwell Banker
REALTOR, 00588885, ABR, CDPE, eAgent, CSP, SFR, HRC, CRE
(O) 310-571-1364 DIRECT