Real Estate Bargain Hunting, More Important Than Ever

Since the collapse of the real estate bubble and the Great Recession of 2008 , the housing market first recovered strongly but in recent months the recovery has stalled. Thus it is more important than ever, to proceed with diligence and carefully consider and negotiate the purchase price you may offer.

Keeping abreast of the local housing market is important, especially recent and updated performance figures in your locations of interest. Having familiarized yourself with local market conditions there are some special search parameters that may help your bargain hunting.

Price Reductions

Keeping an eye on recent price reductions is one way to monitor discounted home prices as they reach your targeted price range. Today’s Price Reductions is one of the most popular pages on our website, you can check it daily or simply save a search and setup an alert. More importantly you can monitor only those properties that are entering deep discount territory, as exemplified in the following One-Click Searches.

Low Price Alerts

Monitoring home prices as they enter your discount price category is a bit more tricky. Likely the best way to monitor these properties is via custom price-per-sqft searches for your locations of interest. For example not every home with a low price is a true bargain, however monitoring this type of price action may isolate a rare diamond in the ruff. The following One-Clicks provide just a couple of examples, nevertheless you should customize your searches to your areas of interest and tailor them with a little local market knowledge.

Short Sale and Foreclosures

Another category to monitor for discount home prices is the short sale and foreclosure arena. However these homes may have multiple third party owners, which can complicate and slow down your transaction.  It is important to educate yourself regarding the restrictions and possible outcomes of these purchases. Knowing what a a Short Sale is and if a Foreclosure is right for you and your family are important to understand, before proceeding. In any case a couple of broad One-Click searches are provided to demonstrate.

Special Financing Options

Since financing is a significant part of the vast majority of home purchases, it is important to consider your own personal circumstances and financing cost as a part the long-term cost of ownership. 100% financing is still available for veterans and special district locations so don’t forget this option. A couple of other broad categories to monitor are lease purchase and owner financing. You may or may not be able to, work a deal specific to your circumstances within these options.

Caution and Disclaimer Warranted

It is important to note that the broad search categories I shared with this post are just that: broad!. Not every home filtered by these broad searches are true bargains. However, they will reveal a few gems along the way.

Real Estate is local and is all about location, location, location! Seemingly low prices in a neighborhood may indicate serious underlying issues; perhaps school zone, home owners assoc, builder / developer, or zoning isues are the cause.

I highly recommend for your own advantage: Use a Qualified Buyers Agent that represents your interests, not the seller’s or builder’s interest.  For any questions, assistance, or additional information please don’t hesitate to call me directly 256-425-1659 or email me.

- Elizabeth


Housing Market Continues Slowdown

Thumbnail image for Housing Market Continues Slowdown by Elizabeth Cooper-Golden Huntsville Housing Market
2014 Market Continues Slowdown As we identified and published in our 1st Quarter market update, 2014 is off with a slower sales pace when compared with 2013. The 2nd Quarter saw some improvement (-7% to -5%) but the slower pace continues. Unit Home Sales Down 5% Year-To-Date Single family home sales in Madison County dropped [...]
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Bakers Farm

Thumbnail image for Bakers Farm by Elizabeth Cooper-Golden Huntsville Neighborhoods / Subdivisions
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Huntsville AL Housing Market Slows

Thumbnail image for Huntsville AL Housing Market Slows by Elizabeth Cooper-Golden Huntsville Housing Market
2014 Market Off To Slow Start While one quarter does not a year make, it is hard not to look at the Huntsville real estate market statistics for the first quarter of 2014 without some hesitation and pause. Unit Home Sales Down 7% for the Quarter Single family home sales in Madison County dropped -7% [...]
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Take Your Business to the Next Level

Thumbnail image for Take Your Business to the Next Level by Tim Advertising
Market Like It's Luxury In the past, most home buyers often waited until they actually saw a property before ruling it out. Then the world changed! With the proliferation of the Internet and real estate websites, a person's first impression of a home is no longer at the front door, but on their computer screen. Your current [...]
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Whitesburg Estates

Thumbnail image for Whitesburg Estates by Elizabeth Cooper-Golden Huntsville Neighborhoods / Subdivisions
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Your Real Estate Website Audience

Thumbnail image for Your Real Estate Website Audience by Tim Advertising
To Advertise or Not Advertise When launching a personal business website one up-front decision, and likely one of the more important, is deciding whether to design in the capability to monetize your website with advertising. As with any design choice there are pros and cons to consider, and we will cover a few of them [...]
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Million Dollar Homes in Huntsville

Thumbnail image for Million Dollar Homes in Huntsville by Elizabeth Cooper-Golden Huntsville Neighborhoods / Subdivisions
Million Dollar Real Estate Certainly Huntsville Alabama is not known as a regional power house of million dollar real estate. For example, a quick snapshot of both Huntsville and Nashville Million Dollar Homes this morning revealed the local luxury market segment is quite diverse, with Huntsville coming in at ~2% of the market and Nashville at [...]
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Marketing vs Advertising
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Thumbnail image for Marketing vs Advertising <br /> What’s the Difference? by Tim Advertising
Confusing? - It's No Wonder Simply reading Webster's definition of the two terns, any individual will come away with some level of confusion. However it's just not that difficult to comprehend if you keep in mind the following:  Advertising - one component of marketing, to promote a particular product or service subset of your companies [...]
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I’m The Biggest, I’m The Best – Myth#7

by Elizabeth Cooper-Golden Huntsville Home Seller Tips
The Celebrity Agent No matter the town or city, every community across the nation has at least one celebrity real estate agent and likely more than one. Possibly they have been working in the industry for decades? Perhaps they began their career by investing large sums of time and money into high-value advertising?  Or maybe, [...]
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Decatur AL Buringtree Country Club

Thumbnail image for Decatur AL Buringtree Country Club by Tim Huntsville Neighborhoods / Subdivisions
The Neighborhoods / Subdivisions Although located within  Decatur city limits, Burningtree is really a community of its own and the home of several different neighborhoods spanning an array of different price ranges. Truly there is a home for everyone within the Burningtree Community: The Glens At Burningtree NumOfListings: 2 PriceRange: $204900-$244900 SizeRange: 2250-3100 SqFt AvgBeds: 3.5 AvgBaths: 3 [...]
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Happy Mothers Day

Thumbnail image for Happy Mothers Day by Elizabeth Cooper-Golden Huntsville Community Stuff
Mothers Day You know the old ‘aint always easy. All of the things I despised about my Mother as a child, are what I am most proud to have inherited as a Mother. My Mother taught me to love unconditionally, always give back and to always fight for the underdog. ALWAYS do the right [...]
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Bigger is Always Better – Myth#8

by Elizabeth Cooper-Golden Marketing - Advertising
Big Box vs Boutique Brokerages I have to admit, I am the perfect author for this topic. I was solidly in the big-box camp for many ...many years. I believed strongly that market-share simply brought more market-share and I personally wanted to work for a brokerage that led its local market in market share. I [...]
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The data relating to Huntsville AL Real Estate on this Web site derive in part from the Valley MLS IDX datashare program. Listings marked with the ValleyMls logo are provided courtesy of the Huntsville Alabama Real Estate Information Service, Inc. (ValleyMls) IDX Database. © 2013 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

@Homes Realty Group
100 Providence Main Street
Suite B (above CVS)
Huntsville, AL 35806

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Cell: (256) 425-1659
Office: (256) 585-6000
Fax: (256) 217-4073

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