In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder homeowners ditch repairs and choose cash buyers for a hassle-free sale in the Empire State!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. Don’t stress—just enter a cash buyer marketplace. Here you can receive offers that can reach up to 100% of your home’s value!
Reviews: 5 Best Cash Home Buyers in New York
1. Houzeo: New York’s #1 Cash Home Buyer Marketplace
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $199Houzeo 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.
- Pricing:
- Silver Plan – $199: 6-month MLS listing, 24 photos.
- Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
- Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.
» 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!
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 New York’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. Leave the Key Home Buyers
POPULAR CASH HOME BUYER
Service Fee: NoneLeave 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: You may be offered 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.
- Flexible Inspection: You can send the company pictures of your home, or opt for an in-person review.
- Fast Cash Offer: You can receive a fair home purchase offer in less than 48 hours.
- 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 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.
- Low ball Cash Offers: Leave the Key Home Buyers will not offer you 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 rating from 50+ reviews on Google Reviews.
👉 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.
3. Sell Now Home Buyers
INVESTOR NETWORK
Service Fee: NoneSell Now Home Buyers is a real estate solutions company. They offer solutions for homeowners facing foreclosure, burdensome properties, probate, or other challenges.
- Service Fee: None.
- Typical Offer: 50% to 70% of Fair Market Value (FMV).
- Eligible Properties: Sell Now Home Buyers purchase distressed properties, including those with foreclosure, tenant, or structural issues. They also assist sellers with inherited properties, as well as those facing divorce, relocation, or other challenges.
- Closing Offer Terms: They provide a flexible closing date. You can close your house deal whenever you wish.
Here are some of the benefits that you get with Sell Now Home Buyers:
- Fast Cash Offer: Sell Now Home Buyers claims they will provide 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.
- Save on Minor Repair Costs: When you sell your house for cash, you don’t incur upfront costs to fix, prepare, or stage your house.
» Sell Now Home Buyers Reviews: Learn more about Sell Now Home Buyers.
In our research, we found some drawbacks of Sell Now Home Buyers:
- Limited Negotiation: You might have less room to negotiate the final offer.
- 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 Credible Reviews: They don’t have enough reviews to give them positive feedback.
Sell Now Home Buyers does not have reviews in any credible websites.
Sell Now Home Buyers is a real estate investor group with over two decades of experience. They cover limited areas of New Jersey, New York, 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.
4. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: NoneASAP 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 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 when you sell as is.
- 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 mention all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to save 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 a knowledgeable and responsive buyer.
- 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 has 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, based in Fort Lauderdale, FL is a dedicated team of real estate professionals. They specialize in fast transactions, and provide a seamless home-selling process without any closing fees.
However, if your home requires extensive repairs, you may get just 50% to 70% of your home’s fair market value.
5. Handsome Homebuyer
TOP CASH HOME BUYER IN LONG ISLAND
Service Fee: NoneHandsome 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.
Best Cash Home Buyers Near Me in New York
| 1. Long Island, NY | Cash Home Buyers in Long Island, NY |
| 2. New York City, NY | Cash Home Buyers in New York City, NY |
| 3. Brooklyn, NY | Cash Home Buyers in Brooklyn, NY |
| 4. Buffalo, NY | Cash Home Buyers in Buffalo, NY |
| 5. Rochester, NY | Cash Home Buyers in Rochester, NY |
Are Companies That Buy Houses for Cash in New York Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in the Empire State. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in New York
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors and House Heroes purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Opendoor and Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in New York
Not sure how to sell your home for cash in New York? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- 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 Cash Buyers in New York Pay?
New York cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc. Here’s how the After-Repair Value is calculated:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you were selling your $850,000 home in New York. With a traditional cash home buyer, you could get just $595,000. But on a cash buyer marketplace like Houzeo, you could get multiple offers, potentially driving your sale price to 100% of its FMV.
| Service Provider | Service Fee | ARV Estimate | Actual Offer |
| Cash Buyer | None | 70% | $595,000 |
| iBuyer | 5% | 80% | $680,000 |
| Houzeo | $199* | Up to 100% | $849,801 |
» Houzeo Reviews: Find out why Houzeo is New York’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in New York
Given that more sellers are opting for cash buyers in New York, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in New York close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: New York cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in New York. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any New York cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in New York
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a New York Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using yard signs, word of mouth, open houses, etc. New York FSBO websites also limit your home’s exposure, which lowers your home sale price.
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in New York charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in New York?
Yes, you can sell to cash buyers. But say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, on a cash buyer marketplace, you can get multiple offers, sell fast, and potentially keep more money.
