9 min read Apr 04, 2024

7 Best Companies That Buy Houses for Cash in NYC in 2024

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Edited By

Jason Joshi

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Editor
Edited By

Jason Joshi

Editor, Houzeo
About

Jason is a passionate content editor working at Houzeo. He has an eye for detail and keeps himself updated with the recent trends in the real estate market. He also likes to travel and explore places.

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2024 continues to be a bumpy ride with increasing home prices and declining home sales. But out of the 2,213 homes that sold last month, most of the transactions were all-cash. Cash is still king in NYC’s housing market.

Getting a cash offer in the Big Apple State is easy, but getting top dollar is not. If you get a cash offer from a single cash home buyer, they will lowball you. That’s why you need to get cash offers from multiple local and national cash buyers. But how do you do that?

Answer: List on a Cash Marketplace! When you list on a cash buyer marketplace like Houzeo.com, your listing is syndicated to hundreds of real estate websites. So, you market your property to local and national cash home buyers looking for homes for sale in NYC.

Companies that buy houses for cash in NYC offer instant cash for homes. But, it may not always be the best cash offer for your home.

Some “we buy homes for cash NYC” companies may get you 100% of your property’s fair market value, while others may offer as low as 50%. We’ve reviewed and ranked the 7 best cash home buyers in NYC.

Reviews: 7 Best Companies That Buy Houses for Cash in NYC

Here are the 7 best cash buyers in NYC. Some of them may get you up to 100% of your property’s fair market value, while others may offer you as low as 30%. Here are the rankings of “We Buy Houses Cash NYC” companies:

1. Houzeo.com: NYC’s #1 Cash Home Buyer Marketplace

Max Exposure to Cash Buyers

Houzeo
Houzeo Logo
  • Service Fee: $399 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (7,800+ reviews)

Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers. In an attempt to win your property, investors could make multiple cash offers for your home.

  • Fee: Houzeo does not charge a 5% service fee or any undisclosed closing fee
    • $399: MLS Listing: 6-Months, 24 photos
    • $399+0.5% at Close: Maximum Photos, Premium Yard Sign
    • $429+0.5% at Close: Pricing Assistance, Contract Review, Real Estate Forms, Licensed Broker Assistance
    • $449+1% at Close: Virtual Full-Service with Licensed Broker, Offer Negotiations
  • Typical Offer: Up to 100% of your property’s fair market value (FMV).
  • Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to Houzeo’s advanced features to negotiate the best terms for your cash offer.

Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:

  1. Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
  2. 5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
  3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
  4. No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!

There are no dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.

» Houzeo Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google and Trustpilot!

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

With a typical cash house buyer, you only get an offer from that specific investor. On a cash buyer marketplace like Houzeo, you could receive multiple cash offers on your house. This increased number of cash offers can help you get up to 100% of your home’s value.

2. Leave the Key Home Buyers

POPULAR CASH HOME BUYER

Leave the Key Home Buyers
logo image
  • Service Fee: None
  • 4.9 Stars 5/5 (40+ Reviews)

Leave the Key Home Buyers is a family-owned company, they are flexible in terms of its inspection process. They also provide flexible closing dates, so you can move out at your convenience.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, couples going through a divorce, troublesome tenants, bad mortgage financing, inherited houses, etc.
  • Closing Offer Terms: Leave the Key Home Buyers lets you can pick a date of your convenience.

👉 Our Take: Leave the Key Home Buyers is a good option if you want to sell your home fast in NY. However, if you have the luxury of time, an MLS listing will get you multiple offers.

  • Flexible Inspection: You can either opt for an in-person review, or you can send the company pictures of your home.
  • Fast Cash Offer: You will get a cash offer within 48 hours after the house visit or picture review.
  • Quick Closing: You can close in as little as three weeks.
  • Sell As-Is: Leave the Key Homebuyers help you avoid the hassle of making repairs and you can sell your house in as-is.
  • No Hidden Fees: There are no extra charges, they even cover the closing costs.
  • Additional Contacts: You can use the services of their affiliate company to carry out the title search process. You might be required to pay a small amount for the same.
  • Limited Coverage: Leave the Key Home Buyers purchases houses for cash in select areas of NY, such as Long Island, Suffolk County, Queens, and Brooklyn.
  • Non-Negotiable Cash Offers: Leave the Key Home Buyers will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.

Leave the Key Home Buyers has 5 out of 5 stars from 40+ reviews on Google Reviews.

Leave the Key Home Buyers is a family-owned local cash home buyer in NYC. They buy homes as is, allowing you to offload your distressed property easily. However, they will extend a non-negotiable offer that is much less than the fair market value.

3. Handsome Homebuyer

TOP CASH HOME BUYER ON LONG ISLAND

Handsome Homebuyer
Handsome Homebuyer
  • Service Fee: None
  • 4.7 Stars 4.7/5 (10+ reviews)

Handsome Homebuyer is among the top purchasers of properties on Long Island. It is a sister company of Mandalay Holdings, which is owned by Charles Weinraub.

  • Service Fee: None
  • Typical Offer: 50% to 85% of Fair Market Value (FMV)
  • Eligible Properties: All types of houses including in ‘as-is’ condition, fixer uppers, inherited properties, tenanted properties, owners wanting to relocate or going through a divorce, and properties going into foreclosure.
  • Closing Date & Offer Terms: Handsome Homebuyer provides a flexible closing date, sometimes as little as 5 days.

👉 Our Take: Handsome Homebuyer will buy your house even if it is not in the best physical condition. However, they have limited tech and do not even have the convenience of a mobile app.

» What Is Handsome Homebuyer: Read this to know more about the company.

  • Fast Cash Offer: You will get an offer in approximately 12 hours or less.
  • Quick Closing: You can close in as little as 5 days!
  • Sell As-Is: Handsome Homebuyer will buy your house no matter the condition of your property.
  • Limited Coverage: Handsome Homebuyer buys houses for cash only in Long Island, Nassau, and Suffolk.
  • Non-Negotiable Cash Offers: Handsome Homebuyer will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
  • Lowball Cash Offer: Handsome Homebuyer pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
  • Handsome Homebuyer is Not 100% Online: They have a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.

Handsome Homebuyer has 4.7  out of 5 stars from 10+ reviews on Google Reviews.

» Handsome Homebuyer Reviews: Is Handsome Homebuyer worth it? Read our blog to find out.

 

Handsome Homebuyer is a Long Island based local cash home buyer company. They cater to home sellers who are on a time crunch and can close on your property in just 7 days.

This cash buyer extends “take-it-or-leave-it” deals with no scope for negotiation.

4. Sell Now Home Buyers

INVESTOR NETWORK

Sell Now Home Buyers
logo image
  • Service Fee: None
  • 4.8 Stars4.8/5 (20+ reviews)

Sell Now Home Buyers is a premier real estate solution in New York. This company buys houses for cash has over 20 years of experience and has a network of investors from Albany to Long Island.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, couples going through a divorce, troublesome tenants, bad mortgage financing, inherited houses, etc.
  • Closing Offer Terms: Sell Now Home Buyers provides a flexible closing date up to 30 days out.

👉 Our Take: Sell Now Home Buyer is a good option for sellers who want to deal with an experienced cash-for-houses company. However, you can also list using a flat fee MLS service and get multiple offers

  • Fast Cash Offer: You will get an offer in 24 to 48 business hours.
  • Sell As-Is: Sell Now Home Buyers buy houses as-is, so you do not need to worry about making repairs.
  • Liberal Buying: They will buy your house even in dire conditions like avoiding foreclosures.

» Pros and Cons of Sell Now Home Buyers: Read further to know the advantages and disadvantages of Sell Now Home Buyers.

In our research, we came across some major drawbacks of Sell Now Home Buyers:

  • Limited Coverage: Sell Now Home Buyers buy houses only in New York, New Jersey, and Connecticut.
  • Lowball Cash Offer: Sell Now Home Buyers pay less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.

Sell Now Home Buyers has 4.8 out of 5 stars from 20+ reviews on Google Reviews.

» Sell Now Home Buyers Reviews: Know why it is not the best way to sell with Sell Now Home Buyers in 2023.

 

 

Sell Now Home Buyers is a real estate investor group with over two decades of experience. They cover limited areas of New Jersey, NYC, and Connecticut.

Though they have good customer reviews, their offers are way below the fair market value. You can get better offers if you list using a flat fee MLS service.

5. Express Homebuyers

As-Is Cash Home Buyer Network

Express Homebuyers
express homebuyers logo
  • Service Fee: None
  • Express Homebuyers has 4.2 stars out of 5  4.3/5 (120+ reviews)

Express Homebuyers is a real estate investor network that makes all-cash offers on houses. They specialize in dealing with sellers who don’t wish to make repairs and want to sell “as-is.”

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, etc.
  • Closing Offer Terms: Express Homebuyers purchases homes in under 7 days, or a convenient date of your choice.

👉 Our Take: Express Homebuyers is great to unload an extremely distressed property. However, if your house needs minimal repairs only, then you should consider listing on the MLS.

» Express Homebuyers ReviewsIs there really no service fee?

  • Fast Cash Offer: Express Homebuyers presents a preliminary cash offer within 7 minutes!
  • No Obligations Offers: You will get a free, no-obligation offer for your property even damaged ones.
  • Near Nationwide Coverage: Express Homebuyers offers cash for houses in almost all states, including top states like California, Texas, and Florida.
  • Flexible Closing Date: Closing dates can be finalized as per the owner’s terms.
  • No Additional Charges: Express Homebuyers has no service fees, they even pay the closing costs.
  • Sell As-Is: You save on repair costs, and sell your house as-is.

» What is Express HomebuyersRead our in-depth analysis of Express Homebuyers.

  • Poor Customer Support: Previous clients have complained about their lack of communication and half-hearted responses.
  • Non-Negotiable Offer: Express Homebuyers will not offer more than 70% of your property’s fair market value.

Express Homebuyers has a rating of 4.3 out of 5-star with 120+ reviews on Google Reviews.

» Express Homebuyers Review: Check out our exclusive reviews of Express Homebuyers.

Jud Allen and Brad Chandler founded Express Homebuyers in 2003. They are based in Springfield, Virginia, but they buy homes across the nation.

They will extend a cash offer that is up to 30%-70% of your home’s fair market value. However, they have poor customer support which can delay your sale.

6. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses
We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.5 Stars 2.3/5 (45+ reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.

👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.

  • Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
  • Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
  • Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
  • Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
  • Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.

» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?

In our research, we found some We Buy Ugly Houses drawbacks.

  • Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
  • WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
  • Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
  • Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

We Buy Ugly Houses has 1.6 out of 5 stars with 9+ reviews on Yelp.

» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.

We Buy Ugly Houses, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.

7. ASAP Cash Home Buyers

LOCAL CASH BUYER

ASAP Cash Home Buyers
CCC-ASAP logo
  • Service Fee: None
  • 4.5stars 4.4/5 (10+ reviews)

ASAP Cash Home Buyers started their journey in 2013. They are a reputable cash buyer who refers their clients to credit and legal counseling services.

  • Service Fee: None
  • Typical Offer: 50% to 70% of the Fair Market Value (FMV)
  • Eligible Properties: Extremely distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, empty lots, etc.
  • Closing Offer Terms: They provide a flexible closing date from 3 weeks to any date of your choosing.

👉 Our Take: ASAP Cash Home Buyers’ is a good choice if you want to save on repair costs. However, you have to settle for a price significantly below the fair market value.

» Pros and Cons of Asap Cash Home Buyers: Here’s everything you need to know.

  • Nationwide Coverage: ASAP Cash Home Buyers offers their services nationwide.
  • Flexible Closing Date: You can set a closing date as per your convenience.
  • No Hidden Costs: ASAP Cash Home Buyers have no undisclosed fees or hidden costs.
  • Sell As-Is: They buy houses as-is saving you repair and home staging costs.

Here are some drawbacks of ASAP Cash Home Buyers that we came across in our research:

  • Inconsistent Quality of Service: When you sell to a cash buyer franchise, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.
  • No Commercial Properties: ASAP Cash Home Buyers are not interested in properties like timeshares, hotels, or rental communities.
  • Limited Customer Reviews: You cannot be sure about their service with only a handful of reviews on Google and nothing on other platforms.

ASAP Cash Home Buyers have a rating of 3.7 out of 5-stars with 10+ reviews on Google.

» ASAP Cash Home Buyer Review: Read our in-depth review.

 

 

ASAP Cash Home Buyers was founded in Fort Lauderdale, FL. They are a group of real estate professionals with over a decade of experience. They don’t charge a closing fee and can buy your NYC house in 7-28 days.

Are Companies That Buy Houses for Cash in NYC Legit?

Yes, companies that buy houses for cash in NYC are legitimate and operate legally nationwide. They will offer cash for your house to fix and flip it for a profit. These are companies that buy homes as is.

🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay upfront costs!

Types of Companies That Buy Homes in NYC

Companies that buy homes for cash in NYC help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:

  • “We Buy Houses for Cash” Companies: These “fix-and-flip” house buyers buy distressed properties, make repairs, and sell them on the open market. NYC cash home buyers pay 30% to 70% of the FMV and don’t have any service fees.
  • iBuyers: Such home-buying companies use proprietary algorithms to determine a cash offer for your house. In 2024, iBuyer’s cash offer for homes will range from ~70% to 80% of the fair market value.
  • Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in NYC will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
  • Home Trade-In Services: They are house-flipping companies that will offer cash for your house to help you buy another property. They fund your next house while you sell your house for cash.

Companies that buy houses in NYC wait for potential gold (such as your home) to hit the market. An ‘as-is’ property with minimal repairs makes these companies buying a house for cash a big profit.

How to Sell to Companies That Buy Houses for Cash?

Here’s how you can sell your house for cash to get an offer from a NYC cash house buyer:

  1. Share Your Property Details: NYC cash buyers will collect basic information like the location and condition of your property. You can submit your property details on their website.
  2. Review the Preliminary Cash Offer: They will make an initial cash offer on your house after comparing similar properties in the area. Typically, they buy your house for 30% to 70% of your home’s fair market value.
  3. Complete the Home Inspection: The cash buyers for houses will perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, they will send a final offer.
  4. Accept the Final Cash Offer and Close: If the company’s final cash offer for your house matches your expectations, then you can finalize the closing timeline.

How Much Do NYC “We Buy Houses for Cash” Companies Pay?

Cash buyers for homes offer substantially lower prices, equivalent to 30% to 70% of the home’s After-Repair Value (ARV). The more repairs your home requires when selling a house for cash, the lower the price it would fetch.

For example, if your home’s value is $400,000 and you need a $50,000 roof replacement, the ARV will be $350,000. Since NYC cash home buyers offer only 70% of the ARV, you will get an offer of about $245,000.

“We Buy Houses for Cash” NYC: Pros and Cons

Are you considering selling your house fast for cash? Here are some pros and cons associated with cash buyers that you must account for:

✅ Pros

  • Fast Cash Sale: In the traditional model, you must list on the MLS and wait for potential buyers. However, with “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting your details on their website.
  • Flexible Closing: Cash home buyers in NYC move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
  • No Service Fees: A NYC cash home buyer doesn’t charge any service fee. The net profit after fixing and selling your home is enough for them to sustain their fix-and-flip model.

❌ Cons

  • Lowball Cash Offers: Cash companies that buy homes in NYC generally pay 30% to 70% of the home’s fair market value. They deduct all repair, utility, and re-selling expenses of your home.
  • Non-Negotiable Deals: When dealing with “cash home buyer” companies, the deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge.
  • Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, which are not disclosed on the cash buyer’s website. You should always read the terms and conditions document carefully.

» Estimate Seller Closing Costs in NYC: Calculate the closing costs you incur as a NYC home seller.

Alternatives to Companies That Buy Houses for Cash in NYC

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of the cash for your home on the open market. High-tech For Sale By Owner websites in New York like Houzeo can help you sell your home for cash!
  • Hire a Top Realtor: NYC Realtors can help you sell your property within a set timeline. However, the best Realtors will charge a 6% commission. That amounts to thousands of dollars!
  • Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.

Should You Sell to Companies That Buy Houses for Cash in NYC?

Yes, but don’t settle for an offer from just a single cash home buyer.

Instead, list your home on NYC’s #1 cash buyer marketplace – Houzeo. Your listing will be active in less than 24 hours. Moreover, you could receive cash offers from multiple cash buyers, ultimately driving up your final home price.

Check out how Houzeo works in this video:

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» Houzeo Reviews: See how Houzeo home sellers save thousands with Houzeo technology and MLS exposure.

Frequently Asked Questions about Cash Buyers NYC

Which is the best company that buys houses for cash in NYC?

Houzeo is the most popular cash marketplace for selling homes for cash in NYC. iBuyers like Opendoor and multiple cash buyers have extended offers on homes listed on Houzeo. You could receive multiple cash offers, increasing your home sale price.

How can you sell to companies that buy houses for cash?

You can sell directly to NYC cash buyers or list on the New York MLS and receive multiple cash offers. When you sell to a cash buyer, you actively search for the best option. With an MLS listing, the best offer to comes to you.

How can I sell my house fast for cash in NYC?

Opt for a cash buyer marketplace. “We Buy Houses for Cash” companies in NYC are best for distressed homes. They will offer 50% to 70% of the fair market value. An iBuyer has strict purchase criteria and may not offer more than 70% to 80% of FMV.

How fast can I sell my NYC house?

You can sell your house in 7 to 30 days when selling to cash buyers in NYC. Also, if you're looking for a new home before you sell your existing one, take a look at homes for sale near you.

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