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How to Find New Homes Under 100K: 5 Tricks to Use

Finding affordable homes can be a challenge, but it doesn’t have to be impossible. By following a few simple tricks, you can find new homes that are very affordable, even under $100K. Here’s what you need to know to score these amazing deals.
Finding affordable homes can be a challenge, but it doesn’t have to be impossible. By following a few simple tricks, you can find new homes that are very affordable, even under $100K. Here’s what you need to know to score these amazing deals.

Looking for affordable housing can be a stressful experience. It might seem like the only way you can find a new home for an affordable price is to live in a less-than-desirable area or invest loads of money in renovation.

However, by knowing a few simple tricks, you can often find new homes for great prices, including homes under $100K. Working with a buyer’s agent can maximize your chance of both finding a home in your price range and making a winning offer once you find it.

Sort by Price

If you have internet savvy, you’re probably well aware of this by now. But you’d be surprised how many people don’t know that you can filter your searches on sites like Zillow or Realtor.

Whenever you do a home search, always find the “Sort By” feature and categorize your search by prices, low to high.

This helps you jump straight to the homes in your budget. You’d be surprised how many hidden gems are waiting for you to uncover them using this method.

Long Time, No Sell

The longer a home is on the market, the less of a chance it has of selling. If it’s been on the market long enough, it has almost no chance of earning the asking price. Therefore, the longer a home has been on the market, the better chance you have of scoring a deal.

What’s more, if you’re working with a real estate agent, your agent has access to a database called the MLS. Your agent can look specifically for homes that have been on the market longer than a certain number of days, which can help you focus your search quickly and find potential homes.

Fixer-Uppers Are an Option

While you don’t want to buy a house that needs tens of thousands of dollars in renovation, finding a home that’s a little worse for wear but could be easily fixed up with a couple thousand dollars is a great option.

Not only can you often find fixer uppers that are listed for $100K or less, but you may be able to negotiate someone down from a slightly higher price if it means they’ll be able to sell to you.

Work with your real estate agent on negotiation and offer strategies and see if you might be able to get a great deal by putting just a little bit of time and money into the home after you buy it.


REO properties, or real estate owned properties, are those that have been bought back during a foreclosure. After the home has been sold back to the bank or is in REO status, you can find some great deals on beautiful homes.

Work closely with your agent when you’re looking at REO properties, however, so you can avoid pitfalls and make sure you’re investing wisely. There are some risks in purchasing REO properties if you don’t know what you’re doing, so always go this route with an experienced agent at your side.

Hire a Real Estate Agent

Work with a local, experienced real estate agent to ensure you’re getting the best deal possible. Only agents with in-depth knowledge of the market you’re looking to purchase in can help you find homes for $100K or less right when they go on the market. What’s more, agents can help you negotiate, provide access to their professional networks, and help you beat out the competition.

If you’re looking to buy a home under $100K but you’re not sure how to get started or where to look, consider partnering with an experienced, local real estate agent as a first step. A good agent can help you determine the best time to buy, guide you through the process, help you secure financing, and ensure a great outcome while minimizing stress along the way.

Clever Partner Agents are top performers in their local markets. What’s more, in states that allow rebates, Clever Partner Agents provide Clever buyers with a $1,000 Home Buyer Rebate to help with closing costs, moving expenses, down payments, and other related expenses, thus maximizing your savings.

Get in touch with Clever today, and we’ll introduce you to a Partner Agent in your area for a no-obligation consultation at no cost to you.


Reuven Shechter

Reuven Shechter is the Outreach Coordinator at Clever Real Estate, the free online service that connects you with top real estate agents to help save on commission. He spreads the word about Clever, disseminating studies to journalists and developing relationships with media outlets. Reuven is passionate about investing in real estate and creating lasting success for families. His writing has been featured in Max Real Estate Exposure, Leverage Marketing, and more.

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