Over 30.7% of all homes in the US sell for cash, up slightly from 30.4% a year ago. This shows that cash is still king in the Strong Island City.
Cash buyers offer a fast, as-is sale, often closing within 7 days. But which cash buyers will get you 100% of your home’s Fair Market Value? See our rankings below to find out and keep thousands in your pocket!
Reviews: 7 Top Cash Home Buyers in Long Island
1. Houzeo: Long Island’s #1 Cash Home Buyer Marketplace
Max Exposure to Cash Buyers
Listing Fee: $3994.9/5
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, increasing the number of offers you receive.
- Fee: Houzeo does not charge any undisclosed closing fee.
- $399 + $350 at Close: 6-month MLS listing, 24 photos
- $399+0.5% at Close: Maximum photos, premium yard sign
- $429+0.5% at Close: Pricing assistance, contract review, seller disclosures, 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.
- Eligible Properties: On Houzeo Marketplace, you can 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 can access Houzeo’s advanced features to negotiate the best terms for your cash offer.
» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.
Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:
- Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
- No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission! All fees are disclosed upfront, so there are no Houzeo hidden fees.
- Home Value Estimator: Houzeo’s home value estimator can get you a quick and free estimate of your property’s market value in 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
With Houzeo, your home gets maximum exposure to Long Island’s best cash home-buying companies and individual investors. You could get multiple competitive offers for your home, driving up its final sale price.
2. Handsome Homebuyer
TOP CASH HOME BUYER IN LONG ISLAND
Service Fee: None4.4/5
Handsome Homebuyer is among the top property purchasers in Long Island.
- Service Fee: None
- Typical Offer: 50% to 85% of Fair Market Value (FMV)
- Eligible Properties: Handsome Homebuyers deals in all types of houses including in ‘as-is’ condition, fixer uppers, inherited properties, owners wanting to relocate or going through a divorce, foreclosure
- Closing Date & Offer Terms: It provides a flexible closing date, sometimes as little as 5 days.
👉 Our Take: Handsome Homebuyers will buy your house even if it is not in its best condition. However, they have limited tech and do not even have the convenience of a mobile app.
- Fast Cash Offer: You will get an offer in approximately 24 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 Nassau County, Suffolk County, and all 5 New York City boroughs.
- Non-Negotiable Cash Offers: It does 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: You will be paid less than what your house could get on the open market.
- 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.
Handsome Homebuyer has 4.4 out of 5 stars from 50+ 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.
However, this cash buyer extends “take-it-or-leave-it” deals with no scope for negotiation.
3. Express Homebuyers
As-Is Cash Home Buyer Network
Service Fee: None4.4/5
Express Homebuyers specializes in making all-cash offers on distressed houses. They cater to home sellers who want to sell their houses fast without making any repairs.
- Service Fee: Express Homebuyers do not charge any upfront fees.
- Typical Offer: Their cash offer ranges from 50% to 70% of the house’s fair market value (FMV).
- Eligible Properties: Express Homebuyers deals in inherited houses, home sales after divorce, foreclosure properties, rental properties, etc.
- Closing Offer Terms: While they usually close within 2 to 4 weeks, they have a flexible closing timeline and can buy your home at your convenience.
👉 Our Take: Express Homebuyers can be a great option to sell an extremely distressed property. However, if your house needs minimal or no repairs, then you should consider listing on the MLS.
- No Obligations Offers: You will receive a free estimate for your property, no matter how many major fixes it needs.
- Near Nationwide Coverage: Express Homebuyers offers cash for houses in 20 states including major states like Florida, California, Texas, Washington, etc.
- Flexible Closing Date: Closing dates can be finalized as per the home seller’s terms.
- No Charges or Fees: Express Homebuyers do not charge you any fees. You will receive the full selling price based on market research and the house’s conditions.
- Sell As-Is: You save on repair costs, and sell your house as-is.
» What is Express Homebuyers? Read 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: Your house will receive a cash offer of not more than 70% of the property’s fair market value.
Express Homebuyers has a rating of 4.4 out of 5 stars with 135+ reviews on Google Reviews.
» Express Homebuyers Reviews: Is there really no service fee?
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.
4. Leave the Key Home Buyers
POPULAR CASH HOME BUYER
Service Fee: None5/5
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 send the company pictures of your home, or opt for an in-person review.
- 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, Nassau County, Queens, Albany, Binghamton, Buffalo 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 Long Island. 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.
5. Sell Now Home Buyers
INVESTOR NETWORK
Service Fee: None4.8/5
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: Sell Now Home Buyers buy distressed properties with structural issues, couples going through a divorce, bad mortgage financing, inherited houses, etc.
- Closing Offer Terms: It provides a flexible closing date. You can close your house deal whenever you wish.
👉 Our Take: Sell Now Home Buyer is a good option if you want to deal with an experienced cash-for-houses company. However, they have limited reviews which may hamper their overall appeal.
- Fast Cash Offer: You will get an offer within 24 hours.
- Sell As-Is: Sell Now Home Buyers buy houses as-is, so you do not need to worry about making repairs. However, the house shouldn’t be in disarray which requires a complete rebuild.
- Liberal Buying: They will buy your house even in dire conditions like avoiding foreclosures.
- Personalized Experience: The team emphasizes a customer-first approach, where you get personalized consultation and support throughout the selling process.
- 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 you could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
- Lack of Reviews: They don’t have enough reviews to give them positive feedback.
Sell Now Home Buyers has 4.8 out of 5 stars from 25+ 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 2024.
Sell Now Home Buyers is a real estate investor group with over two decades of experience. They cover limited areas of New Jersey, Long Island, 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.
6. We Buy Ugly Houses
NATIONWIDE COVERAGE
Service Fee: None2.6/5
We Buy Ugly Houses is a well-known cash home-buying company that helps homeowners sell their houses fast. It offers a fast, hassle-free sale without the need for repairs or renovations.
- Sell at $0 Commission: You can sell your home with a few photos and a basic property description without paying any agent commission.
- No Closing Costs: You don’t have to pay any closing costs as the company pays them.
- Typical Offer: 50% to 70% of your property’s fair market value.
👉 Our Take: We recommend We Buy Ugly Houses for a quick and hassle-free sale. You can negotiate the price for your home and close the deal without closing fees.
- Sell Your Home As Is: You can save thousands in repair costs by selling your distressed home as is.
- Cash Offer in Any Condition: You can get a cash offer, no matter what shape your home is in.
- Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
- Low Ball Offers: Cash offers are typically 50% to 70% of your home’s fair market value, depending on its condition and location of the house.
- Limited Negotiation: You might have less room to negotiate the final offer.
- Not Ideal for High-Value Homes: This option may not be best for homes in high-demand areas where you could get more by listing on the MLS.
We Buy Ugly Houses is rated 2.6 out of 5 stars on Yelp
» We Buy Ugly Houses Reviews: Read this in-depth review to learn more about them.
We Buy Ugly Houses operates as a franchise under its parent company, HomeVestors. Each franchisee is independently owned and operated. This leads to variations in service quality and customer experience across different locations nationwide.
Further, if your home requires extensive repairs, you may just 30% to 50% of your home’s fair market value.
7. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: None4.8/5
ASAP Cash Home Buyers, founded in 2013, offers quick and hassle-free home sales. It specializes in assisting homeowners who need to sell their property fast for cash.
- Service Fee: None
- Typical Offer: 50% to 70% of the Fair Market Value (FMV)
- Eligible Properties: The company buys properties that have structural issues, have bad mortgage financing, and are located in high-crime areas. They also offer cash for inherited houses and empty lots.
- Closing Offer Terms: You close the deal in 3 weeks after accepting the offer. You also have the option to choose a closing date that suits your needs.
👉 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 that’s almost half of the home’s fair market value.
» Pros and Cons of Asap Cash Home Buyers: Must read before you make a decision.
- Nationwide Coverage: The cash home buyer offers its services in all the 50 states of the U.S.
- Flexible Closing Date: You can choose a closing date that works best for you.
- No Hidden Costs: ASAP Cash Home Buyers clearly outline all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to the cash buyer. This would save you time and help close the deal faster.
- Varying Level of Service: ASAP Cash Home Buyers partners with independent investors nationwide. Therefore, there’s no guarantee that you will work with knowledgeable and responsive agents.
- Only Purchase Homes: ASAP Cash Home Buyers does not buy property interests like timeshares, hotels, or rental communities. Thus, if you want to sell other properties you need to consider other options.
- Limited Negotiation: Since they have a streamlined process, it can result in fixed terms and conditions. This means you have less opportunity to negotiate on the offered price.
ASAP Cash Home Buyers have a rating of 4.8 out of 5-stars with 40+ reviews on Google.
» ASAP Cash Home Buyer Review: Read our in-depth analysis.
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 Long Island house in 7-28 days.
Are Companies That Buy Houses for Cash in Long Island Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. They purchase distressed properties at a discount, renovate them, and then sell them for profit.
3 Types of Companies That Buy Homes in Long Island
- We Buy Houses for Cash Companies: They typically extend offers for distressed homes and pay 30% to 70% of the properties’ FMV. These companies include popular names like Express Home Buyer and Handsome Home Buyer.
- iBuyers: They offer instant cash offers that are 70% to 80% of the FMV. Additionally, Opendoor and Offerpad have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: These cash home buyers give you an advance on your cash offer before you move out, ensuring a smooth and hassle-free transition. Companies like Knock or Orchard provide this service.
4 Steps to Sell Your Home for Cash in Long Island
If you’re wondering how to sell your home for cash in Long Island, here’s what you need to do:
- Find a Cash Home Buyer: Research all companies buying houses for cash in your area. Choose one based on client testimonies and positive online reviews.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You must provide information such as property type, number of bedrooms and bathrooms, asking price, etc. You will also have to give the reason for the home sale.
- Schedule a Home Visit: A representative from the company will come to inspect your house. They will then give you their final cash offer.
- Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.
How Much Do “We Buy Houses for Cash in Long Island” Companies Pay?
Cash buyers in Long Island usually offer between 30% to 70% of a home’s After-Repair Value. The offer also depends on factors like the company you’re selling to, their service fees, etc. The After-Repair Value is calculated as follows:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you’re selling your $720,000 home in Long Island. With a traditional cash home buyer, you could get just $504,000. But, with a cash buyer marketplace like Houzeo, you only pay $749 and get up to $719,251!
| Service Provider | Service Fee | Potential Offer (of the ARV) | Actual Offer Amount |
| Cash Buyer | None | 70% | $504,000 |
| iBuyer | 5% | 80% | $576,000 |
| Houzeo | $749* | Up to 100% | $719,251 |
📢 NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Pros and Cons of Companies That Buy Houses for Cash in Long Island
✅ Pros
- Fast Cash Sale: Typically, sellers must list on MLS in New York and wait for potential buyers. “We Buy Houses for Cash” companies offer a cash deal within 24-48 hours.
- Flexible Closing: Cash buyers in Long Island close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days as per your convenience.
- Zero Service Fees: Long Island’s cash house buyers don’t charge any service fee. Their net profit is enough to sustain their fix-and-flip model.
❌ Cons
- Lowball Cash Offers: Cash companies that buy homes in Long Island typically pay 30% to 70% of market value, deducting repair and resale costs.
- Non-Negotiable Deals: When dealing with cash home buyers, the offer is usually take-it-or-leave-it.
- Possible Closing Costs: Some buyers may require you to pay seller closing costs, so always review terms carefully.
Alternatives to Companies That Buy Houses for Cash in Long Island
- List Your Home With a Flat Fee MLS Service: You can get up to 100% of your home’s market value with a New York Flat Fee MLS listing. Your home is visible to multiple cash buyers and investors, increasing your offers.
- Hire a Traditional Full-Service Realtor: When you opt for a full-service New York Realtor, you will have to shell out a 5% to 6% commission. That’s $43,200 on a $720,000 home gone!
- List With a Discount Real Estate Broker: They are real estate professionals who offer the same services as traditional agents but for a lower fee. Discount real estate brokers in New York charge between 0.5% to 2% as fees.
- Sell “For Sale By Owner”: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs and word of mouth. But your listing won’t be on Zillow, Trulia, and Realtor.com. Meanwhile, paid For Sale By Owner sites in New York will help you list on the MLS and increase exposure.
Should You Sell to Companies Buying Houses in Long Island?
Yes, but only if you want to sacrifice thousands of dollars. By accepting an offer from a single cash buyer, you may receive only 30% to 70% of your home’s value, sacrificing equity for a quick sale.
If you want the best of both worlds, a cash buyer marketplace is your best bet. Within 24 hours, your home will be visible to multiple local and national cash buyers, boosting your chances of competitive offers.
Frequently Asked Questions
Which is the best company that buys houses for cash in Long Island?
Houzeo is the best cash marketplace for selling homes for cash in Long Island. Companies like Opendoor and HomeVestors have extended offers on homes listed on Houzeo.
How can you sell to companies that buy houses for cash?
To sell to companies that buy houses for cash, research local cash buyers in Long Island or use a cash buyer marketplace. Submit your home’s details, get an offer within 24-48 hours, and if you accept, close the deal in as little as a week.
How fast can I sell my Long Island house?
You can sell your house in 7 to 30 days when selling to cash buyers in Long Island.
» How to Sell a House Fast in New York: Learn how you can get your home sold in no time in the Strong Island City.
What to look for when choosing cash home buyers?
Look for legitimate cash home buyers that have a great reputation in the industry. They should have positive customer reviews on platforms like Google that highlight their transparent processes and fair offers.
