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I can tell you one thing.. or a few things. You may see a really low price on something but that has nothing to do with the value........ in most cases. 1) You are either looking at stupid short sale listings priced ridiculously low just to get guinnee pig offers, or 2) It's a repo placed 5-10% below market value and everyone will bid up on it to appraisal value.
You will need to make many a' offers in todays market, so don't be too picky if you want something in a certain area. Make sure you are approved AHEAD of time before getting your hopes up or before suckering a Realtor into wasting their gas money and wearing tires out.
Put it this way, to answer your question is simple: You WON'T get a deal.. ontop of another deal, prices are going to be pretty firm these days, and 50% of the time sell for more than asking price, especially below $350K . You need to work with a REALTOR closely and then they can show you the best deals to persue based on your needs and affordability.
Keller Williams Realty
760 207 7245