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'Realty' check: How to get the best deal on a home

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    Tips from real estate expert Michael Corbett

  • Duration 3:13
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-- is about to enter its busiest season it's called spring -- and home prices are increasing across the country in fact price is already going up.

Over 11% especially since last year it's finished he brings I'm going to please do so if -- looking to buy a home.

Is there any way you can still find a bargain price in today's market some real street.

Let's ask real estate expert and author of before you buy -- Michael Corbett who joins us from LA Michael good morning good to have you back.

And it it's been good morning everybody you say -- -- -- perverts the storm essentially on time to buy a house because.

In an apartment you know demand is going up a little bit prices are still down from their historic.

Highs and interest rates are pretty well.

Absolutely you're really -- still a great time to buy you know.

Prices are going up.

But definitely there are bargains out there and that's what I've actually three tips for you to help.

Find that kind of hidden bargain in your neighborhood parents a tip number one is look for a home with the battered history when it.

-- a battered market history meaning a home -- in the middle of the market.

For sixty days or more -- by sixty days that home sellers realizing he's not gonna get that big hero right on the -- full price offering multiple offers he's much more willing to bargain.

Number two.

Is you want to look for house that has had.

Numerous price reductions it's easy to find out nowadays because you can go online.

Go to petroleum for example and actually look and see how they price reductions there have been what was what that -- and that's not just that the price is lower.

It also tells the that home seller is ready to bargain.

And a website you said was truly a right way and you can also listen resolutely at zillow and things like that -- so Michael what you're saying is.

If if you see that and you know -- knocked down another 20000 or 151000.

That suggests the owner is rated B money -- and do some Wheeling and dealing right.

Absolutely it means they're getting anxious and they're chasing the market as we call it.

But the third and probably biggest indicator of knowing you can get a bargain here is look for homes that have actually did it in escrow or.

And now.

Because that home sellers tasted the sale.

And it got away problems it was going to be much more anxious to go ahead jump in and bargain with you those of some really good ways to sort -- Get in there and find that bargain -- let's talk about the deal of the week where you have -- -- Okay my deal the weak right now is in Stockbridge Georgia this house.

Unbelievable.

It's a 149000.

Dollars six -- groups of three and a half -- Big open floor plan all hardwood floors this is a really wonderful home and you know what your mortgage could -- would be on this and is only six.

188.

Dollars a month that's about a hundred dollars a bedroom Almonte poets and where -- that's -- -- even so you have an actual highway.

-- will no there wasn't really beautiful community.

This is on a cold to -- in a really wonderful area while lots of green belt around and I'm looking on the map -- -- looks like it is to the south and to the east of Atlanta Georgia.

-- of Atlanta hey -- move America know again.

Our -- Michael thanks so much we'll see again --

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