We Buy Houses companies in New York offer cash to homeowners who need to sell quickly. Selling to a We Buy Houses for Cash firm may be your only option if you need to sell your property quickly or can’t afford major renovations. A traditional agent in New York can take up to 103 days to sell your home. In comparison, a cash buyer can complete the purchase in a week or two with no out-of-pocket costs. In this article We review the top New York We Buy Houses companies so you can shop around for a deal and make an informed decision.
Reviews of Top New York We Buy Houses Companies
We Buy Houses firms and other cash purchasers can help you sell your home quickly, often in as little as a week. We’ve compiled a list of some of the top places to stay in New York. However, if you can wait longer than two weeks, you can sell your house using a real estate agent for top pay. We’ve gathered impartial, public data from New York cash purchasing companies to help you compare possibilities and make an informed selection.
1. Cash Buyers NY
Established in 2000, Cash Buyers New York is a seasoned company deeply acquainted with the local real estate market. The company’s professional team assists sellers throughout the transaction process, emphasizing a friendly, expert-guided experience.
Clients appreciate the company’s understanding in offering extended move-out times and minimizing intrusions, particularly for those with unique home situations. Overall, Cash Buyers NY is highly recommended for those seeking a trusted real estate company for quick home sales.
To sell your home to Cash Buyers NY, you can:
- Fill out an online form with information about your property.
- Arrange for a representative to inspect your home.
- Receive a no-obligation offer
- Select a closing date and sell your home.
Cash Buyers NY buys homes in the following New York metropolitan areas:
NEW YORK CITY | QUEENS | LONG ISLAND | NASSAU COUNTY | SUFFOLK COUNTY | BROOKLYN | STATEN ISLAND
| Phone number | Time to offer | Closing time | Average rating |
|---|---|---|---|
| 646-920-8900 | 24 hours | The Date of Your Choice | 5/5 based on 38reviews |
2. Leave Key Home Buyers
Local real estate investor Leave the Key Homebuyers buys homes in New York for cash. You can: if you want to sell your house to Leave the Key Homebuyers:
- Fill out a form online and include information about your property.
- Make an appointment for a representative to see your house.
- Get a free offer without being committed.
- Decide when to close on the sale of your home.
Leave the Key Homebuyers buys homes in the following New York metropolitan areas:
BROOKLYN | LONG ISLAND | QUEENS | WESTCHESTER | ALBANY | BINGHAMTON | BUFFALO
| Phone number | Time to offer | Closing time | Average rating |
|---|---|---|---|
| 631-388-7771 | 24 hours | 5 days | 5/5 based on 43 reviews |
3. NY Fair Offer
Local New York real estate investor Fair Offer NY buys houses in a few places all over the state in cash.
For Fair Offer NY to buy your house, you can:
- To make an appointment, call them at or use their online form.
- At your appointment, get your cash offer.
- Close at your convenience and according to your schedule.
Fair Offer NY primarily buys homes in Queens NY, Brooklyn NY, Bronx NY and Nassau County.
| Phone number | Time to offer | Closing time | Average rating |
|---|---|---|---|
| (347) 685-9317 | 7 minutes | 7 days | 5/5 based on 7 reviews |
4. Sell Now Home Buyers
Local New York real estate investors who buy homes in the tri-state region of New York for cash are known as Sell Now Homebuyers. Wait before selling your house to a Sell Now buyer:
- Specify your home’s information in your online form.
- Immediately accept or reject your offer during a call to discuss it.
- less than a month until it closes
Sell Now Homebuyers primarily operates in New York, New Jersey, and Connecticut.
| Phone number | Time to offer | Closing time | Average rating |
|---|---|---|---|
| (914) 559-2579 | 24 hours | 21 days | 4.8/5 based on 20 reviews |
5. Express Homebuyers
Express Homebuyers is a national company that buys houses for cash all across the nation in collaboration with regional investors.
How to sell your home with Express Homebuyers:
- Send details about your house to get a preliminary “as-is” offer.
- Meet with the local investor to discuss the evaluation of your property and to address any queries.
- If you are willing to sell, discuss the final cash offer from the local investor and sign a sales agreement there and then.
- Decide on a day when your timetable ends.
- Arrive on the day of the sale, sign the paperwork, and collect the money within a short time.
Express Homebuyers has partnered with local investors in the following states:
CALIFORNIA | TEXAS | ARIZONA | PENNSYLVANIA | FLORIDA | COLORADO |DC||GEORGIA | ILLINOIS | KANSAS | MASSACHUSETTS | MARYLAND | MICHIGAN | MINNESOTA | MISSOURI | NORTH CAROLINA | NEW JERSEY | NEW MEXICO | NEVADA| NEW YORK | OKLAHOMA | HAWAII | SOUTH CAROLINA | TENNESSEE | UTAH | VIRGINIA | WASHINGTON | DELAWARE
| Phone number | Time to offer | Closing time | Average rating |
|---|---|---|---|
| 877-804-5252 | In minutes | 7 days | 4.2/5 based on 117 reviews |
6. We Buy Houses
Working with We Buy Houses is more likely to be positive than working with a local private real estate investor. We Buy Houses vets all of its investors and grants them an exclusive license to operate in its territory, so investors who use the brand have an incentive to work hard to maintain their advantage.
While We Buy Houses exercises no control over how much its investors bid, they reserve the right to terminate licenses if investors fail to meet their ethical standards.
| Phone number | Time to offer | Closing time |
|---|---|---|
| (877) 932-8946 | 24-48 hours | 7 – 14 days |
For more information, including specific areas of operation, terms of service, and other details, we recommend contacting the company directly.
What is a We Buy Houses Company?
We Buy Houses companies and other cash buyers offer a quick solution for homeowners. They buy homes “as-is,” meaning in their current condition, with no repairs or preparation, and pay cash.
These companies exist because the traditional home selling process doesn’t work for everyone. For example, in New York, the typical home sale can take 132 days from listing to closing. Some owners can’t wait that long.
Additionally, these companies are another option for sellers with homes in such poor condition that they would not qualify for financing from traditional buyers.
How the Companies That Buy Houses for Cash Work
The majority of We Buy Houses for Cash businesses in New York follow the same procedure to buy homes swiftly and profitably:
- When a homeowner provides information about their home, a cash buyer evaluates it to see if it meets their standards for an advantageous investment. The investor might offer the seller a ballpark figure if the house meets their requirements.
- Based on the estimated cost of repairs and resale value, a firm representative will analyze the property and make a cash offer.
- If the seller agrees, the transaction closes swiftly; no inspections, appraisals, or finance approval are required.
- We Buy Houses for Cash in New York does the necessary renovations and then sells the properties for a healthy profit.
Compare This Quick Process to the Traditional Home Selling Process:
- It may take months (and tens of thousands of dollars) to finish substantial house repairs.
- A home in New York normally remains on the market for 58 days before the seller receives an offer.
- If the buyer files for a conventional mortgage, the closing procedure could take an extra 30 to 45 days. You’ll need to handle inspections, appraisals, and any following negotiations with the buyer.
- The cycle repeats if the buyer’s finance is rejected or if another issue arises. If this happens, the house must be put back on the market.
Pros and Cons of New York We Buy Houses Companies
Companies that buy houses for cash are a very advantageous choice for several sellers, including:
- Those whose homes are in foreclosure
- Those who inherited undesirable assets
- homeowners unable to pay costly repairs
- Homeowners in a hurry to sell because of a divorce or another issue
Advantages of Using We Buy Houses Companies
- All-cash offers imply assurance and speed: Buyer financing is the step in the house selling process that takes the longest. Cash buyers, however, might avoid this drawn-out procedure since they have access to quick finance.
- These businesses make lower offers to cover the cost of repairs even when there is no need for them. If he chooses to sell the item as-is on the open market, this fixes the difficulty of finding a buyer.
- lower prices: A home must be expensively sold. The seller’s profits are affected by additional expenses including concessions, upkeep, and commissions. Companies like We Buy Houses enable sellers to forego these expenses.
Cons of Using We Buy Houses Companies
- Offers from companies that “Buy Houses for Cash” are “take it or leave it”; there is no room for bargaining. To determine a fee, their personnel inspect your house and make any necessary repairs. The only thing you can do if you disagree is to leave.
- Predatory Techniques – Homeowners who are thinking about hiring these businesses are frequently put in challenging living circumstances. Some so-called “opportunity investors” profit from these circumstances and put pressure on the sellers to accept lowball offers.
- Reduced Offers: Selling to a We Buy Houses firm still results in a lesser net amount even after avoiding other selling expenses because their bids never go above 70% of the After Repair Value (ARV).
FAQs About New York Companies We Buy Houses
1. When to Use a We Buy Houses Company?
For home sellers who need to sell quickly, want to avoid paying out of pocket for repairs, or are looking for a more convenient selling method, a cash buyer can be a great option.
2. How Much Will We Buy Houses for Cash Businesses in New York Pay?
Companies who invest in real estate with cash need a cushion to boost their chances of making a profit; this is where the 70% rule comes in.
The after-repair value (ARV), which the property anticipates to sell for in a fair market, minus repairs, is essentially what the 70% rule states that a cash buyer should not spend more than 70% of. This allows them some wiggle room in case the house is in worse shape than initially thought or if it takes longer to sell.
3. Are We Buying Houses for Cash Scam Companies?
The majority of cash purchasers are respectable businesses that have been buying houses in their neighborhoods for years. However, there are rotten apples.
Don’t allow yourself to be abused.
Make sure the offer is valid and deserving of your consideration:
- A contract should never be signed without your reading it or under duress.
- Look up the business’s internet reviews. Remember that many of these businesses have names that are similar, so make sure you are looking for the appropriate one.
