How to Find a Good Deal on Real Estate

If you’re a coupon saver, wholesale shopper, wait-for-it-to-go-on-sale-er, it only makes sense that you want the best deals possible when buying a house. But truly, who doesn’t want to save money on one of the biggest expenses of their life?

The best way to find real estate deals isn’t limited to buying with cash or knowing where the next “big” area will be. There are a few other ways that you could potentially score some substantial savings.

Find a motivated seller.

Motivated sellers are just what they sound like: homeowners who are really determined to sell their house ASAP. This might be the case if:

  • The seller doesn’t have the means to or interest in fixing up their house.
  • The seller’s house has been on the market forever.
  • The seller has another house and/or mortgage to pay for.
  • The seller isn’t living in their house’s area.

Because of these circumstances, motivated sellers are likely to reduce the price or meet the buyer’s terms. Compared to your average competitive market where the seller holds all the cards, finding a motivated seller is a great way to get a deal.

Buy out of season.

For a long time there existed a stigma about buying (or listing) a house in the fall or winter. While the season doesn’t automatically determine a buyer’s or seller’s success, there are still plenty of people who think it’s best to wait until spring or summer to look or list.

Looking “out of season” means you might face less competition and that the buyers are more desperate to leave their house. Moving in the winter is far from ideal but hey — who wouldn’t want to save thousands of dollars just for a few hours of moving in the cold?

Work with a real estate agent.

Real estate agents will likely know how long a property has sat on the market — and they’ll know how long is “too long” in your area. This insight could point you in the direction of a motivated seller who’s desperate to sell.

Look above your price range.

When every buyer goes for the same house price range, the competition drives up the price. Consider raising your ideal price by 15% when looking for a house. You’ll likely come across houses that similar buyers to you have missed. Plus, you could even put in an offer that’s within your existing ideal price range and end up paying just that!

Consider houses with a death or divorce situation.

Is it morbid? Oh yeah. Is it a good strategy? Absolutely. The general public is superstitious and tends to shy away from houses with bad juju. 

In some areas, it’s required to disclose deaths and that usually hurts the value of the house. If you’re able to make an offer before the house is listed, you might still snag a great deal and the family or estate of the deceased could get more than what they might through putting it on the market.

In situations of divorce, people tend to want to sell fast and move on. This information is not something you’ll find on a real estate database, so your best chance for getting a deal is probably knowing of someone in your personal network. Of course, if you know someone getting divorced, have some tact and respect. The last thing you want is to make it seem like you’re just here to capitalize on their trauma.

Buy through a time-limited event.

Most buyers don’t think to look at time-limited events for some potential house deals. But the fact is that all TLE sellers are motivated sellers! RealtyHive has countless listings that you can look through and make a pre-event offer on. Look through our listings today — you just might score the deal of a lifetime.

real estate, houses, fall

Deal Hunting: Where to find undervalued real estate in the US

It is well known that real estate prices are up, and they dont seem to be going down anytime soon. From Green Bay to Orlando and everywhere in between; potential home buyers are feeling the heat. While home values are relative to location, the average rent for a studio in San Francisco, California is crazy. Such studio costs the same as approximately 5 months of rent for a much larger apartment in Cleveland, Ohio. Most sources agree that prices overall won’t be trending downward anytime soon. That said, there are actually some areas in the US that have what can be considered as an undervalued market. If you’re looking to score a deal on real estate these are the areas to check out. All include the metro area unless otherwise noted.

  • Decatur
  • Tuscaloosa
  • Montgomery
  • Auburn-Opelika
  • Mobile
  • Pine Bluff
  • Yuma
  • Chico
  • Merced
  • Fresno
  • Hanford-Corcoran
  • Bakersfield
  • Visalia-Portersville
  • Madera
  • El Centro
  • Yuba City
  • Bridgeport-Stamford-Norwalk
  • New Haven-Milford
  • Norwich-New London
  • Hartford-West
  • Hartford-East 
  • Macon-BiBB County
  • Warner Robins
  • Albany, Hinesville
  • Valdosta
  • Pocatello
  • Carbondale-Marion
  • Springfield
  • Decatur
  • Bloomington
  • Peoria
  • Danville
  • Kankakee
  • Elgin (Metropolitan Division)
  • Rockford
  • Bloomington
  • Indianapolis-Carmel-Anderson
  • Kokomo
  • Lafayette-West Lafayette
  • Gary (Metropolitan Division)
  • Michigan City-La Porte
  • Waterloo-Cedar Falls
  • Cedar Rapids
  • Wichita
  • Lawrence
  • Bowling Green
  • Elizabethtown-Fort Knox
  • Bangor
  • Springfield
  • Kalamazoo-Portage
  • Grand Rapids-Wyoming
  • Lansing-East Lansing
  • Jackson
  • Midland
  • Saginaw
  • Warren-Troy-Farmington Hills (Metropolitan Division)
  • Detroit-Dearborn-Livonia
  • Monroe
  • Niles-Benton Harbor
  • Battle Creek
  • Flint
  • Bay City
  • Gulfport-Biloxi-Pascagoula
  • Jackson
  • Columbia
  • Joplin
New Hampshire:
  • Rockingham County-Strafford County
New Jersey:
  • Vineland-Bridgeton
  • Camden (Metropolitan Division)
New Mexico:
  • Santa Fe
  • Las Cruces
New York:
  • Rochester
  • Syracuse
North Carolina:
  • Fayetteville
  • Greensboro-High Point
  • Burlington
  • Goldsboro
  • Jacksonville
  • Greenville
  • Rocky Mount
  • Toledo
  • Mansfield
  • Cleveland-Elyria
  • Canton-Massillon
  • Springfield
  • Dayton
  • Lima
  • Akron
  • Canton-Massillon
  • Lawton
  • Pittsburgh
  • Erie, Johnstown
  • Altoona
South Carolina:
  • Columbia
  • Florence
  • Sumter
  • Jackson
  • Yakima
West Virginia:
  • Parkersburg-Vienna
  • Janesville-Beloit
  • Wausau
  • Fond du Lac
  • Sheboygan
  • Casper

State Borderline Areas

  • Columbus
  • Worcester
Georgia-South Carolina:
  • Augusta-Richmond County
  • Lake County-Kenosha County
  • South Bend-Mishawaka
Iowa-Nebraska-South Dakota:
  • Sioux City
  • Evansville
  • Cincinnati
  • Youngstown-Warren-Boardman
Ohio-West Virginia:
  • Weirton-Stuebenville
  • Memphis
  • St. Louis, Cape Girardeau
Pennsylvania-New Jersey:
  • Allentown-Bethlehem-Easton

Selling your home can be a tiring task, but we’re here to help! We here at RealtyHive understand that, and hope to make the experience as simple as possible for you. Our blog contains a number of articles that may be useful in figuring out the world of real estate. Take a look below!

Other Articles:

How much is my house worth?

Why isn’t my house selling?

Should I sell my house myself?

Can I sell my property online?

How to properly price your property!

How to set your listing up for success

Source: CoreLogic Home Price Insights. (n.d.). Retrieved December 05, 2017, from