In a fast-moving real estate market, great deals don’t stay on the table for long. If you’re buying a home or investment property, knowing how to spot a great deal quickly can give you a major edge. The good news? You don’t need hours of analysis—you just need to know what to look for.

Here’s a 60-second cheat sheet:

1. Compare the Price to Nearby Listings

Pull up similar properties in the same area. Is this one priced noticeably lower per square foot? That’s your first green flag. If it’s 5–10% below comparable homes (aka “comps”), dig deeper.

2. Check Days on Market (DOM)

If a property has been sitting for a while in a hot market, it could signal a hidden gem (or a hidden issue). Either way, it may give you room to negotiate. On the flip side, new listings priced low are often great deals—if you move fast.

3. Look Beyond the Photos

Photos can be deceiving—sometimes a home with poor lighting or outdated furniture is actually a solid property structurally. If the bones are good, don’t let the ugly wallpaper scare you off.

4. See the Potential, Not Just the Present

A slightly dated kitchen or an overgrown yard can be cosmetic fixes that add instant value post-renovation. Smart investors look for places with “ugly duckling” potential in great neighborhoods.

5. Review the Location Value

Is the home in a growing area with upcoming development, new schools, or transit lines? Even if the home isn’t perfect, the location could boost its value significantly over time.

A great deal isn’t just about a low price—it’s about value. If the home has strong potential, is priced under market value, and is in a solid location, you’ve likely spotted a winner.

So next time you scroll through listings, keep this checklist handy. You just might find your next great deal in under a minute.