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17 min read Jan 17, 2023

6 Best Companies That Buy Houses for Cash in New York (2023 Updates)

Companies That Buy Houses For Cash In New York

According to the New York State Association of Realtors, the median sales price rapidly increased from $350,000 to $396,500 since last year. Considering the fact and New York real estate market trends, this is a strong seller’s market to sell your house in New York.

Rankings: 6 Best Companies that Buy Houses for Cash in New York

CompanyPotential Offer PriceService FeesClosing Time100% Online5-star Reviews**Mobile App
1. Houzeo.com100% of Market Value*$349 Flat Fee7 to 60 days
2. Cash Buyers NY50% to 70% of Market ValueNone7 to 30 days
3. Leave the Key Home Buyers50% to 70% of the market valueNone7 to 30 Days
4. Handsome Homebuyer50% to 70% of the market valueNone5 to 30 Days
5. Sell Now Home Buyers50% to 70% of Market ValueNone7 to 30 days
6. We Buy Ugly Houses50% to 70% of Market ValueNone7 to 60 Days

* An MLS listing via Houzeo exposes your home to the open market. The open market will almost always be more competitive than offering your house to a single potential cash buyer.

** For 5-star Customer Reviews, ratings above 4.2 out of 5 stars have been considered.

Reviews: 6 Best Companies That Buy Houses for Cash in New York

1. Houzeo.com

🎖️ Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $349 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (out of 4,434 reviews)

Houzeo is the best option if you’re looking for multiple cash offers. An MLS listing via Houzeo.com provides exposure to the max number of cash buyers. This includes Opendoor and Homevestors, who have recently submitted cash offers on Houzeo.

  • Service Fee – $349: Houzeo does not charge a 5% service fee or any undisclosed closing fee.
  • Maximum Cash Offer: Your property will get max exposure to cash buyers via the MLS. This includes major portals like Zillow, Realtor.com, and Redfin. All local and national cash buyers, including iBuyers, will be aware of your listing and compete for it.
  • Types of Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Flexible Closing Date & Offer Terms: You can specify and negotiate the cash terms you want for your closing.
  • Nationwide Coverage: Houzeo is available in 47 states across the U.S., so you can market to local cash buyers almost anywhere.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. It will get you maximum exposure to cash buyers via the MLS. You will also have Houzeo’s advanced features to negotiate the best terms for your cash offer.

» Houzeo Reviews: Learn why Houzeo is America’s Real Estate Super App

  • Near Nationwide Coverage: Houzeo covers 47 states + DC.
  • No Listing Agent Commission: With Houzeo, you only pay a small flat fee to get access to the MLS and all the Houzeo tech
  • 100% online: Easy listing, fast changes, online showings, and online offers
  • Max Exposure: Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate websites
  • Fast Listing: Rush listing option gets you listed within a business day with Houzeo Concierge. This is best to sell your house fast.
  • Real Estate On the Go: Houzeo Mobile App mimics most functionality of the Houzeo web platform, including Offers and Showings
  • 5-Star Customer Service: Superb support that minimizes Houzeo complaints
  • No Hidden Fees: There are no Houzeo hidden fees

» Is Houzeo Legit: Learn more about Houzeo.com’s locations and services

Houzeo has a stellar rating of 4.9 out of 5 stars, with reviews on popular sites like Google & Trustpilot.

» Houzeo Reviews: Check out what customers have to say about Houzeo.com!

Houzeo is available nationwide with coverage in 200+ markets.

The 5 Best We Buy Houses for Cash Companies in New York

“We buy houses for cash” companies are conventional, fast cash home buyers. They make instant cash offers for houses, even extremely distressed properties.

Usually a “franchise” network of real estate investors and local house flippers, “we buy houses for cash” companies offer as low as 30% of the home’s fair market value.

» MORE: How do “We Buy Houses for Cash” New York Companies Work?

2. Cash Buyers NY

LOCAL CASH BUYER

Cash Buyers NY

logo image
  • Service Fee: None
  • 5 Stars 5/5 (out of 28 Reviews)

Cash Buyers NY is a popular cash home buyer that provides various real estate solutions in New York. This company is based out of Floral Park, NY, and has been buying houses since 2000. Cash Buyers NY is one of the top companies that buy houses for cash in New York.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, troublesome tenants, bad mortgage financing, inherited houses, etc.
  • Closing Date & Offer Terms: Cash Buyers NY provides a flexible closing date up to 30 days out.
  • Limited Coverage: Cash Buyers NY covers only 7 markets in New York.

👉 Our Take: This company offering cash for houses is ideal for sellers wanting to sell their homes as-is to a local cash home buyer in New York. But, if you want multiple offers,  an MLS listing on Houzeo.com will put you in front of several cash buyers.

  • Get an offer in 24 hours.
  • Close on your schedule, the average closing time is 7 to 30 days.
  • No need to prep the home for listing or worry about house repairs.
  • No closing fee or realtor commission.
  • A cash offer will be shared after the home visit.

Cash Buyers NY has 5 stars out of 5 stars with 28 reviews on Google.

Cash Buyers NY buys houses in New York City, Queens, Brooklyn, Nassau County, Suffolk County, Long Island, and Staten Island.

3. Leave the Key Home Buyers

POPULAR CASH HOME BUYER

Leave the Key Home Buyers

logo image
  • Service Fee: None
  • 5 Stars5/5 (out of 24 Reviews)

Leave the Key Home Buyers is a family-owned company, and they are among the popular cash home buyers in New York. They provide solutions to help owners through sticky situations and sell their houses fast for cash in NY.

This cash home-buying company is flexible in terms of its inspection process. You can either opt for an in-person review, or you can send the company pictures of your home. 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)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, troublesome tenants, bad mortgage financing, inherited houses, etc.
  • Closing Date & Offer Terms: Leave the Key Home Buyers provides a flexible closing date up to 30 days out.
  • Limited Coverage: Leave the Key Home Buyers covers only 9 markets in New York.

👉 Our Take: This cash home buyer 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 on Houzeo.com will put you in front of several cash buyers, giving you multiple offers.

  • Cash offer within 48 hours after the house visit or picture review.
  • Close in as little as three weeks.
  • Avoid the hassle of repair as they buy houses in as-is condition.
  • No closing costs.
  • Their affiliate title company carries out the title search process.

Leave the Key Home Buyers has 5 stars out of 5 stars with 24 reviews on Google.

Leave the Key Home Buyers purchases houses in Long Island, Nassau County, Suffolk County, Queens, and Brooklyn.

4. Handsome Homebuyer

TOP CASH HOME BUYER ON LONG ISLAND

Handsome Homebuyer

Handsome Homebuyer
  • $ Service Fee: None
  • 4.5 Stars 4.4/5 (Out of 13 Reviews)

Handsome Homebuyer is among the #1 purchasers of single-family homes, land, and commercial property on Long Island. It is a sister company of Mandalay Holdings, which is owned by Charles Weinraub. They provide a fast, hassle-free way to sell your house in as little as 5 business days, regardless of condition or reason.

  • Service Fee: None
  • Typical Offer: 50% to 85% of Fair Market Value (FMV)
  • Types of Properties Purchased: 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 is the best choice for home sellers looking to sell their house quickly, especially if your house is not in the best physical condition.

  • Get an offer in approx. 12 hours or less.
  • Closing in as little as 5 days
  • No matter the condition of your house, Handsome Homebuyer will definitely make a cash offer if you request one.
  • More than 400 houses bought in last 5 years
  • Advanced referral program for real estate professionals

Handsome Homebuyer has 4.4 stars out of 5 stars with 13 reviews on Google.

Handsome Homebuyer buys houses for cash in Long Island including Nassau, Suffolk as well NYC 5 boroughs. They also have local offices in Garden city, West Babylon, Patchogue, and Riverhead for maximizing the convenience of sellers looking for cash offers.

5. Sell Now Home Buyers

INVESTOR NETWORK

Sell Now Home Buyers

logo image
  • Service Fee: None
  • 4.75 Stars4.7/5 (out of 15 Reviews)

Sell Now Home Buyers is a premier real estate solution in New York. This company that buys houses for cash has a network of investors and professionals from Albany to Long Island. They hold a top position in the list of cash home buyers in New York with 20+ years of experience.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, troublesome tenants, bad mortgage financing, inherited houses, etc.
  • Closing Date & Offer Terms: Sell Now Home Buyers provides a flexible closing date up to 30 days out.
  • Limited Coverage: Sell Now Home Buyers covers only 4 states.

👉 Our Take: This cash buyer is a good option for sellers who want to deal with an experienced cash-for-houses company. Alternatively, you can also list your home on Houzeo.com for a chance to get multiple offers from different cash buyers. 

  • Get an offer in 24 to 48 business hours.
  • They buy houses as-is, so no need to worry about repairs.
  • Buy houses in any condition, like a flooded house, inherited property, etc.
  • Sellers can avoid foreclosures.

Sell Now Home Buyers has 4.7 stars out of 5 stars with 15 reviews on Google.

Sell Now Home Buyers buy houses throughout New York, New Jersey, and Connecticut.

6. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2 Stars  2/5 (out of 6 reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer brand owned by HomeVestors. With a tried & tested business model of buying homes for cash, the company typically caters to distressed home sellers looking for cash offers. Each office is operated by a local real estate investor independently.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Types of Properties Purchased: All types of ugly houses, i.e., distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Date & Offer Terms: We Buy Ugly Houses provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.
  • Limited Coverage: We Buy Ugly Houses covers 1,100 cities.

🚩 You Should Know: We Buy Ugly Houses independently operates on a franchise model, so the quality of service you receive depends on your location. Research the customer reviews of the franchise in your locality before accepting any cash offers.

👉 Our Take: This home-buying company is best for home sellers looking to close quickly and don’t expect a lot of cash for their house. Remember—an MLS listing on Houzeo.com will put you in front of cash buyers, increasing your chance of getting multiple offers.

» We Buy Ugly Houses Reviews: Everything you need to know about this cash buyer

  • Get a preliminary cash offer on a house in 24 to 48 business hours and close within 3 weeks.
  • We Buy Ugly Houses decides the cash offer based on local market sales & housing trends.
  • No need to prep the home for listing or worry about house repairs.
  • Pays less than what sellers could net on the open market.
  • Quality of service varies between franchises.
  • Controversial tactics for closing the sale.
  • If you can negotiate well or have a desirable property, the final cash offer could increase, but we don’t have any hard data about this.

👎 Poor Customer Reviews: We Buy Ugly Houses has 2 out of 5 stars with 6 reviews on Yelp.

👍 Houzeo Reviews: Houzeo is rated 4.9 out of 5 stars, with a 4.9 rating on Trustpilot and a 5.0 rating on Google.

We Buy Ugly Houses offers cash for houses in 45 states in 1,100 locations nationwide.

» Companies That Buy Houses: Check out America’s top cash home buyers

Are Companies that Buy Houses for Cash Legit?

Yes, companies that buy houses for cash or cash home buyers are legitimate and operate legally in Sarasota, FL.

However, no industry is free from scammers or companies following the “malign practices” that exist in every industry. So, never pay any money while requesting an all-cash offer on your house.

Check customer reviews and inspect how the company operates before signing any property documents.

Companies That Buy Houses for Cash in New York

1. Long Island, NYWe Buy Houses for Cash in Long Island, NY
2. New York City, NYWe Buy Houses for Cash in New York City, NY
3. Brooklyn, NYWe Buy Houses for Cash in Brooklyn, NY
4. Buffalo, NYWe Buy Houses for Cash in Buffalo, NY
5. Rochester, NYWe Buy Houses for Cash in Rochester, NY

Understanding Companies that buy Houses for Cash in New York

Companies that buy houses in New York include institutional cash home buyer companies, local house flippers, and real estate investors. They make all-cash offers on homes and typically pay 70% to 90% of the home’s fair market value.

Cash buyer companies don’t negotiate the offer, thus leaving little room to get 100% of your home’s market value.

💲Cash for My House: List on the open market with Houzeo.com and get 100% Fair Market Value of your property.

Types of Cash Home Buyers in New York

Companies that buy homes for cash in New York, help home sellers skip the hassle of listing on the MLS, marketing, staging a home to sell, etc. Two types of cash home buyers make cash offers on homes for sale:

1. “We Buy Houses for Cash” Companies: Lowball Cash Offers But Zero Service Fees

Cash buyer companies buy distressed properties as-is and typically pay 30% to 70% of the home’s fair market value. We recommend “We Buy Houses for Cash” companies for:

  • homeowners with inherited homes that need extensive repairs.
  • homes with structural issues.
  • properties facing foreclosure.
  • homes of couples going through a divorce.

Companies like HomeVestors and We Buy Houses are “franchise” networks of pre-vetted real estate investors. So, every office is operated autonomously by investors buying homes for cash. This network includes retail cash home buyers, local house flippers, and nationwide investors.

» Selling Inherited Property in New YorkCheck out our guide if you want to sell your family home.

2. iBuyers: Fair Cash Offers But Hefty Service Fees

Companies that buy homes for cash with instant non-negotiable offers are calculated based on the property’s location, house condition, required repair costs, calculating ARV (After Repair Value), etc. You get 70% to 90% of the home’s fair market value.

Unlike cash buyer companies that compare local sales data and rely on in-house experts, iBuyer companies use proprietary algorithms to compare millions of historical pricing trends to determine a competitive cash offer price. Opendoor offers the most cash compared to other iBuyers, while Offerpad is known for its fast closings.

How Do I Sell My House Fast for Cash in New York?

Listing on the MLS is the fastest way to get instant offers from “cash for houses” companies. Cash buyer companies and local real estate investors are always scouring the MLS for properties. To sell your house fast for cash, you can also consider the below tips:

  • Listing on the MLS
  • Pricing your home competitively
  • Offering a competitive buyer agent commission
  • Responding fast to inquiries, showings, and offers.

» Sell Your House Fast for Cash in New York: Here’s a guide to help you sell your home fast for cash in New York.

Should I Sell My New York House As Is?

Selling “as is” means putting your house for sale in its existing condition without any upgrades or improvements. Home sellers choosing their homes as-is are usually in unprecedented situations like a financially difficult situation or need for impromptu relocation.

» Can You Sell a House As Is in New YorkCheck out our guide for selling your house as-is in New York.

How do New York Cash Home Buyers Work?

“We buy houses for cash” companies are cash buyers that buy houses “as-is” and at a much lower rate than the market price. These real estate cash buyer companies mostly work offline, and their target audience is distressed home sellers.

Let’s take a look at how the home sale would be with a “We Buy Houses for Cash” company:

  • Step 1 – Share details about your house: Most cash buyer companies will collect basic information via phone or online. Sellers have to share location and property condition.
  • Step 2 – Review the preliminary cash offer: After an initial assessment of your property, the home-buying company will make a non-negotiable cash offer.
  • Step 3 – Complete a home inspection: An onsite visit is scheduled if you accept the initial offer price. A third-party inspector or a local firm representative will complete the onsite inspection. Your final offer will be modified proportionately if any essential repairs are required.
  • Step 4 – Accept the final cash offer: After adjusting repair costs and expenses, the cash home-buying company sends a final cash offer. You only need to accept, sign a purchase agreement, and schedule closing if it satiates your ideal requirements.
  • Step 5 – Close on your schedule: “We Buy Houses for Cash” companies can pace up the process and provide more flexibility on timing. You don’t have to wait for a bank to subscribe to a mortgage. In some cases, you may be able to close just within ten days.

» New York Inspectors: What do inspectors look for when inspecting a home in New York?

How Much Do We Buy Houses for Cash Companies in New York Pay?

Companies that buy homes for cash often use the 70% rule.

So, they’ll pay no more than 70% of your home’s market value. Sometimes, home repairs are required, and some cash buyer companies deduct these overhead expenses from your sale proceeds.

Cash Offer = (Market Value of Your House x 70% Offered) – Repairs Costs

Let’s say your home is worth $300,000 at fair market value but needs $25,000 in repairs. Then, you might expect a cash offer of only $185,000 from the cash home buyer companies.

You can wait and list your home with a professional real estate agent if you have a capital of $25,000 to spend on repairs. There’s also the open market, where you might be able to locate a deal worth as much as or more than your home’s current market value.

Some cash home buyers are willing to pay less than 70% of the home’s value after renovations/repairs. However, we recommend requesting cash offers from multiple cash home buyer companies, with no obligation to close with them. If you want to sell your house fast for cash, it is important to look at multiple options.

» Cash for Houses: Check out the top 15 companies that offer cash for houses in 2023’s slow market.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

We Buy Houses New York for Cash Companies: Pros and Cons

✅ Pros

  • Fast Cash Sale: In the traditional model, you have to list on the MLS and wait for potential buyers. With “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting details on their website.
  • Flexible Closing: “We Buy Houses for Cash” companies to move faster than others because there is no longer a need to wait for mortgage approval or listing paperwork. Many companies provide a one-month closing guarantee or up to two weeks.
  • No Service Fees: “We Buy Houses for Cash” companies acquire your home as-is and don’t charge any service fees. Their lowball offers are enough to recover profits by reselling your property after anticipated repairs.
  • No Upfront Costs: Whether they choose a traditional real estate broker or a Flat Fee MLS company, a home seller incurs costs while listing the house and prepping for sale. Since “We Buy Houses for Cash” companies acquire your home as-is, you don’t have to spend a dime. So, required repairs, curb appeal, upgrading furniture, and staging are some elite expenses you avoid when you choose companies that buy homes for cash.

❌ Cons

  • Non-negotiable Cash Offers: When dealing with “we buy houses for cash” companies, the deal is usually take-it-or-leave-it. Although there may be room for negotiation, you can’t expect more than 70% of the market value of your home. However, if you feel the company overlooked something important, some will allow you to make your case and submit additional evidence to support it, but most will be unwilling to budge on price.
  • Lowball Offers: “We buy houses for cash” companies generally pay 50% to 70% of the home’s fair market value, deducting all repair, utility, and re-selling expenses. Because they want to sell this home on the open market, they will offer you marginal prices so that they get a profit when they resell.

We Buy Houses for Cash Scams in New York

Cash home buyers are legitimate, but there are scammers in every industry, and that’s how cash for houses scams work. Some common “cash for houses” scams are:

  • Fake “We Buy Houses for Cash” Ad: Scammers post signs and blast emails with a “we buy houses for cash” ad. Families in need of liquid cash or struggling to make their mortgage payments fall for this and end up signing property-related documents in a hurry to close the cash transaction. “Cash for houses” companies lease the property to a new tenant, and the owner is still responsible for making the mortgage payments while losing control of their house.
  • Re-assignment Clause in Listing Agreement: In some states, cash home-buying companies have made home sellers sign a listing agreement with a “reassign” clause. Essentially, this means the seller is permitting somebody else to take control. Home sellers who fall into this trap lose the right to sell their own house!

⚠️ Don’t get lured by such deceptive cash home buyers: Thoroughly investigate the company before signing any legal documents related to your house. Even title insurance coverage may not be able to save you from such scammers!

Selling to Local Real Estate Investors

Selling to local real estate investors directly is an option if you don’t want to work with a cash home buyer. Real estate investors are always searching for properties. These real estate cash buyers, also called retail cash house buyers, can be classified as:

  • House Flippers: buy a property, renovate, and resell the property on the open market.
  • Landowners or Landlords: buy a property, renovate and rent the property.

You can find such investors in online forums or through in-person meetups. Real estate investors often purchase the property as-is and drive a hard bargain to acquire homes for less than the fair market value. So, it’s best to do a comparative price analysis and find how much your property is worth before you deal with local real estate investors.

🏘️ House Flipping in New YorkWill flipping NY houses be profitable in 2023’s unpredictable market?

Selling a Home in Poor Condition in New York

Having a structurally unsound property with obnoxious items lying around can tempt you to sell your house to a “We Buy Houses for Cash” company. You get to skip the repairs and expensive upgrades but lose the chance to get better offers on the open market.

A real estate agent can help you deal with an unwanted property without compromising the sale price and opting for a lowball offer. Your property directly gets exposure to 90% of potential buyers with an MLS listing.

On an open market, you have the chance to get maximum cash for your poorly maintained home.

👉 Cash for Homes: Check out the best companies that offer cash for distressed houses in the U.S

What about Selling My House with a Real Estate Agent Instead?

It depends!

Listing on the MLS increases the chance of a competitive cash offer. However, opting for a real estate agent to get on the MLS would defeat the purpose of maximizing your cash offer.

Opting for a real estate agent in New York will not save your 6% commission and might be the worst option if you want to earn maximum cash. With a New York Multiple Listing Service like Houzeo.com, listing your house on the MLS can be done effortlessly at just $349! You save on the 3% listing agent commission by selling your home as an owner.

✍️  Note: Cash home buyers like Opendoor and Offerpad have offered cash deals for properties listed on Houzeo.com.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

Should I Sell My House to Reputable Cash Home Buyers?

Most home buyers purchase homes with a mortgage. But, selling for cash will almost always net you between 10% to 30% less than a financed offer.

We recommend you sell for cash only in select circumstances.

  • If You are on a Severely Tight Timeline: If you’re going through a rough patch in your life, such as a divorce or an immediate move, cash home buyers or real estate investors can help you sell faster.
  • In Case You Need to Sell an Inherited Property: Selling to a company that buys houses for cash can be a viable option if you have a deceased relative’s property far away or in terrible shape.
  • You are in Urgent Need of Cash: If you’re in a hurry, facing foreclosure, and don’t want to keep your property, selling your house for cash could help you escape a credit impact.
  • You Own a Distressed Property: Most banks will not finance a property in poor condition. If your property is in poor condition, selling your house for cash is a good choice.

Listing on the MLS would be ideal if you can hang in for a while. With high-tech FSBO sites like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.

💲Market to the Biggest Pool of Cash Home Buyers!


Houzeo is the fastest, high-tech way to get on the MLS and sell to cash home buyers.


Start Your FREE Listing NOW!

Alternatives to Companies That Buy Houses

1. Listing Your Home with Flat Fee MLS Service

Listing with a Flat Fee MLS service gets your property on the market within just 24-48 hours. Thus, Flat Fee MLS is the best way to sell your house fast, having 4 significant benefits:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
  • Your property listing gets maximum exposure.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

👉 Flat Fee New York: List on your local New York MLS within 24 to 48 hours for just $349!

2. Hiring a Top Real Estate Broker

Top real estate brokers have the expertise to help you sell your property fast within a set timeline. So, most of the work is handled by the broker, which makes home selling hassle-free.

But the downsides are just as huge. The best realtors will charge between 5% to 7% commissions. That amounts to thousands of dollars in commission you will be paying. Additionally, even with the best low commission realtor, there may be no technology tools, and their service quality can be unpredictable.

👉 We recommend selling with a real estate broker only if you are not tech-savvy or concerned about FSBO paperwork. 

» New York BrokersCheck out New York’s top brokers, their services, and commission

3. Sell By Owner

Selling your home purely FSBO implies that you won’t get access to the MLS. So, you market your property, conduct market research, handle offers, manage showings, etc., all by yourself.

77% of FSBO home sellers closed on their homes within two weeks because the homes were sold to someone the seller knew. The most significant disadvantage of selling with no MLS or tech support is that you probably may not be able to sell your home quickly.

» NY FSBO: Here’s how you can sell your home yourself if you have a buyer lined up to buy your property.

Eager to Know How Houzeo Works?

We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best free websites to list for sale by owner in the U.S.

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why it is one of the best FSBO sites in America.

Frequently Asked Questions

1. What is the best company that buys houses for cash in New York?

Houzeo is the most popular platform for sellers looking for companies offering cash for homes in New York. Not a cash buyer themselves, Houzeo.com lets you access the power of the MLS for a small flat fee, giving you exposure to cash home buyers. iBuyers, including Opendoor, have also made offers on properties listed on Houzeo.com.

2. How do you sell a house to a cash buyer in New York?

List your home on Houzeo.com for multiple cash offers. You can also offer it to Opendoor or another cash buyer in New York. You’ll then receive preliminary cash offers. You must ensure the offer meets your minimum requirements after adjustments for inspection and any service fee. Once you’ve accepted the offer, you can select your closing date.

3. Are "we buy houses for cash" companies in New York legit?

Yes! Many companies like We Buy Ugly Houses offer cash for houses in New York. And these companies are legit, with franchises across the nation. However, cash buyer scams are common in America, so you should always research the company before signing any official documents. You can also check customer reviews on sites like Google and TrustPilot. We also recommend you get a lawyer to review the contract before signing.

4. How long does a cash sale on a house in New York take?

Approximately, anywhere between 7 to 30 days, depending on the buyer and the specific situation of the sale. iBuyers like Opendoor and Offerpad can close as quickly as 10 business days.

5. Do “We Buy Houses” companies in New York make fair offers?

Yes! iBuyers will offer up to 100% of the fair market value of your property. Local “we buy houses for cash” companies in New York will typically offer less - 50% to 70% of the fair market value. Listing your home on a marketplace, like Houzeo.com, will get you exposure to iBuyers and local investors. This significantly increases your chances of maximizing your cash offer.

6. Why is a cash offer better in real estate?

Cash offers provide more certainty than offers that include financing. There are typically no financing contingencies, and the closing can be fast. Many cash buyers will also waive inspections. Finally, once you have verified the buyer’s proof-of-funds, the risk of the sale falling through because of the loan not funding is eliminated.

7. How can I sell my house fast for cash in New York?

With an instant cash offer, you can sell your house fast for cash in New York. Many cash buyers purchase homes and try to offer a fair deal, about 50% to 90% of the house's market value. “We buy houses for cash” companies are best for distressed properties, while iBuyers have strict purchase criteria. Choose a company as per your requirements and timeline.

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