Multiple reasons lead people to look for cheap houses for sale in Fresno, California. Some of the top reasons people gravitate towards the Fresno region is that you can still get a lot of bang for your buck. Regardless of the reason, finding cheap real estate in Fresno is absolutely doable with the right strategy and a trusted real estate team on your side. The Dehlan Group has proven strategies on how to buy cheap real estate Fresno, California.
Sorting houses by price
When searching for cheap houses for sale in Fresno CA, the first step is to sort available options by prices (low to high). This will enable you to identify more cheap houses for sale in Fresno much more quickly. If you are searching via online platforms, such as Realtor.com and Zillow, their lists often start with the most expensive options listed first. Online platforms do this because they want to entice buyers to view and buy the more expensive houses, which are typically difficult to sell. So, when searching for cheap houses for sale in Fresno, CA on digital platforms, it’s always smart to sort your list by price, helping you better locate the cheapest houses for sale in Fresno within your price range.
Search the real estate market widely
A secret to buying cheap real estate in Fresno, CA is by making sure you search far and wide. There are many affordable options in the Fresno area, however, such options tend to sell fast. So, if you want to find the cheapest real estate deals in Fresno, then you should be prepared to search the entire market. We often advise our clients to look at various options of real estate properties to get a good grasp of the current real estate market and compare prices. We recommend setting up an appointment with one of our trusted Fresno real estate agents to start touring as many properties as possible. Casting your search widely will not only enable you to buy real estate property at a cheaper price, but will also increase your chances of finding exactly what you are looking for.
Search outside the city
When looking for cheap real estate in Fresno, we often recommend searching the suburbs and areas outside the city. Fresno has many beautiful suburbs and secluded country homes and some of the cheapest real estate properties are found on the outskirts of the city. Moving outside of the city will increase your chances of getting a good deal at a cheaper price. We understand that country living is not for everyone and there are many beautiful towns surrounding Fresno. Many smaller towns such as Madera, Reedley, Kingsburg, Selma and Fowler are great for raising families and living a quieter lifestyle.
Make multiple offers
If your main goal is to obtain cheap real estate in Fresno, you should follow the 100-10-1 rule. This rule implies that you search for 100 properties, make 10 offers, then choose the one property that best suits your needs. The more offers you make, the higher your chance of getting a great deal. We recommend making as many offers as possible on properties that you are interested in to increase your chances of landing your dream property.
Negotiating the best deal
These days, it has become a bit more difficult to buy a property in Fresno, CA at a cheap price. Houses are selling fast, and if you don’t have great negotiation skills, you could lose the deal. Sellers often list their properties at a higher price to allow room for negotiation and hope that you don’t counter their initial offer. It is up to you to negotiate and bring the price lower or to a point where you are comfortable.
The downside when it comes to negotiating is that you need to be willing to lose the deal if it’s not meeting your goals. You must stay on top of the negotiation process and take every opportunity to convince the owner to lower their price. You can significantly cut the price of real estate with great negotiation skills. If you need help with real estate negotiation, we suggest hiring an experienced real estate agent to do the job for you. This is where the keen negotiation skills of The Dehlan Group can save you time, money, and the opportunity of securing your desired property.
Look for distressed properties
Also known as “fixer-uppers,” distressed properties are properties that can be obtained at a cheaper price because they require extensive repair and renovation. Of course, distressed houses carry a certain degree of risk and complications, but if you get the right deal, then you could walk away with a hidden gem. When buying a distressed house in Fresno, do not solely consider the selling price, you must also factor in the cost of all renovations and repairs.
A wise step when dealing with fixer-uppers is to hire a professional to inspect the property to help you determine if the deal is worthwhile. If our experts give you a green light, then you can comfortably choose whether or not to proceed with the deal. For example, if a house needs $50,000 in repairs and sells at $150,000 but the value of the house immediately jumps to $295,000 once the renovation is complete, you are looking at a pretty good return on your investment. This is especially true if you are a handy person who is not afraid of doing repairs and renovations yourself. If you are willing to put in the time and effort, a fixer-upper can save you a ton of money and would be a great investment property of choice.
Work with real estate wholesaler
Real estate wholesalers look for great real estate deals and sell them to buyers for a small profit. They usually find good property deals through heavy marketing and negotiations and then pass the savings on to their clients. However, it is important to note that most wholesalers only deal with cash buyers. So, if you are planning to buy cheap real estate through a mortgage, then this option may not be right for you.
Fresno real estate prices are on the rise
It is evident that there are still many great opportunities to buy cheap real estate in Fresno, CA. However, with a recent interest in Fresno-area real estate, we suggest that you get in contact with The Dehlan Group to start your search as soon as possible. Our experienced real estate agents can help you find the perfect property deal in the Fresno area.