Possible to find a Single Family deal

Possible to find a Single Family deal

Birmingham, AL · Member since 2016 · 21 posts · 3 votes

Hello everyone! I'm looking to become a first time home buyer and I'm hoping for a little advice. The Bigger Pocket podcast has been very informative so far , but i haven't heard a podcast yet that  addressed my particular question.  Is it really possible to find a good deal on the popular realty sites such as Realtor.com & Zillow?

I have been spending a lot of time on both of these sites recently and have found that anytime i see something that has potential, it is already under contract. I have a feeling that real deals get scooped up before they even make it to these popular sites. I understand having access to the MLS would be beneficial, but is MLS access necessary to find deals consistently? A realtor friend of mine told me he is having to pay roughly 2k a year to remain an active agent with his broker. Since Im not really interested in selling homes would such a high cost be worth it for access to the MLS? I would love to here everyones thoughts on this topic!

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  • Peter R.Pro Member
    Investor · Orlando, FL · Member since 2016 · 152 posts · 86 votes
    10y

    Very possible although be aware that in some cases zillow is behind the MLS powered sites by several days. You need to watch it and even pay attention to things under contract, they don't always work out for various reasons.

    Don't overlook FSBO either, Zillow is decent at those listings.

  • Birmingham, AL · Member since 2016 · 21 posts · 3 votes
    10y

    Thanks for your response Peter I really appreciate it!  I  I was wondering about the properties that were under contract. There have been a couple properties i was interested in that were under contact , but when i drive past the properties,  the for sale signs are still in the yard and nothing is happening at the property. Are there certain tell tale signs i can look for that contracts are falling through? 

  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    Find an agent and get set up on auto emails of when properties hit the market. There is no reason to go at this alone.

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