Best We Buy Houses companies in New York | Should I sell to a We Buy Houses company? | How much do they pay? | Alternatives | FAQs
We Buy Houses companies in New York pay significantly less than fair market value for homes — sometimes as little as 50%. However, if you own a distressed property or you need cash for your home quickly, a We Buy Houses company might be your best choice.
We spent hundreds of hours researching legitimate We Buy Houses companies in New York to find the 5 best options. Our rankings include considerations like offer time, closing time, customer reviews, and availability (nationwide, statewide, or county/citywide only).
Before you sign a contract with a We Buy Houses in New York company, we strongly recommend getting multiple offers. This lets you compare your options, so you can be confident you’re getting a fair price for your house.
If you’re looking to sell your house fast for cash in New York, Clever Offers is a great place to start. Clever Offers matches sellers like you with top local realtors, who will bring you fair offers from top cash home buyers in your area. You’ll also get a free professional home valuation, so you can compare your cash offers to what your house is worth on the open market. Get fair offers from top cash home buyers now!
Top 5 We Buy Houses Companies in New York
| 💰 Cash buyer | 💸 Time to offer | 🗓 Time to close |
|---|---|---|
| Fair Offer NY | 24 hours | Time to close varies |
| Express Homebuyers | 7 minutes | 7 days |
| We Buy Ugly Houses | After home evaluation | 21 days |
| Sell Now Homebuyers | 24 hours | 21 days |
| We Buy Houses | 24-48 hours | 7-14 days |
Local
- (347) 685-9317
- Offer in 24 hours
- Close on your schedule
Fair Offer NY is a family-owned business that purchases houses throughout New York City. It can make an offer within 24 hours, allows sellers to choose their closing date, and pays for sellers’ closing costs. Fair Offer NY’s reviews are positive, with sellers praising its reps for being highly responsive and having excellent knowledge of the local areas.
Fair Offer NY buys homes in areas throughout New York State, New Jersey, and Connecticut.
Nationwide
- (877) 804-5252
- Offer in 7 minutes
- Close in 7 days
Express Homebuyers has been a nationwide cash buyer since 2003. It makes an all-cash offer after visiting a property and can close in as soon as seven days. Its reviews are largely positive, with previous sellers praising the quick and straightforward transactions it provides. There are a number of negative reviews, however, stating cases of predatory marketing, unresponsiveness, and excessively low offers.
Express Homebuyers purchases homes across the New York, Albany, and Queens County areas.
Nationwide
- (866) 200-6475
- Offer after home evaluation
- Close in 21 days
We Buy Ugly Houses is a network of cash buyer franchises that has been purchasing homes throughout the U.S. since 1996. It can make a final cash offer after completing a property walkthrough and close in as few as 3 weeks.
We Buy Ugly Houses purchases homes across New York, including the New York City buroughs, Buffalo, and Rochester.
Regional
- (914) 559-2579
- Offer in 24 hours
- Close in 21 days
Sell Now Homebuyers purchases houses throughout New York, New Jersey, and Connecticut. It can make an offer 24 hours after completing a property walkthrough and close in as few as 21 days or when the seller chooses. Sell Now Homebuyers’ reviews are largely positive, with former sellers praising it for providing fair offers and a fast and easy process.
Sell Now Homebuyers purchases homes throughout the Northeast’s Tristate Area.
Nationwide
- (877) 932-8946
- Offer in 24-48 hours
- Close in 7-14 days
We Buy Houses is a network of cash buyers that have been buying homes all over the U.S. since 1997. It can make an offer anywhere from 24–48 hours and can close as quickly as seven days. Sellers who left reviews said they were pleased with the fast and easy transactions that the company provided.
We Buy Houses purchases properties across New York.
Not seeing the right company for you? Find more nationwide cash buyers here!
Should I sell to a We Buy Houses company in New York?
It depends on your primary motivation as a seller: do you need to sell your home quickly, or are you trying to sell an unwanted home?
If speed is your primary concern, you need to take market conditions into account before you decide. If you’re worried about selling a home in poor condition, listing with the help of a real estate agent is still an option.
Selling times in New York
| 🗓 Time to sell | 💰 Median listing price | |
|---|---|---|
| New York | 50 days | $691,564 |
| United States | 32 days | $450,000 |
If you’re unsure whether you’d benefit from a We Buy Houses for Cash company, we highly recommend scheduling a free consultation with a local real estate agent. You can compare their professional opinion on your home’s value and expected selling timeline with what the cash buyer is offering.
Consulting a realtor is the best way to ensure that you keep the most equity in your pocket while still selling on your timeline.
Selling a home in poor condition in New York
You might be tempted to sell your home to a We Buy Houses company in New York if it’s full of junk, in need of extensive upgrades, or structurally unsound. This is an option, but an agent can help you deal with an unwanted property without asking you to take a massive discount on the sale price.
A real estate agent can get your home in front of multiple buyers, bring competition into the mix and give you the best chance to capitalize on the home’s fair market value.
Real estate agents can’t guarantee that your home will sell as quickly as it would if you went directly to a We Buy Houses company, but you can be almost certain that you’ll end up with more money in your pocket.
How much do We Buy House Companies in New York pay?
We Buy Houses companies and local real estate investors generally use the 70% rule: never pay more than 70% of a home’s after-market value (AVR), minus repair costs. You can get a ballpark idea of your home’s AVR by looking at listing/sale prices of comparable homes in your neighborhood that have been renovated recently.
The median listing price of homes in New York is $691,564. Assuming a We Buy Houses company believes that your home will be worth that after they’ve made the necessary repairs ($50,000 in this example), they would pay you around $434,095.
(After repair value x 0.70) – Repair costs = Purchase price
($691,564 x 0.70) – $50,000 = $434,095
Key Takeaway
🚨 Keep in mind, this is the best case scenario. A We Buy Houses company is likely to pay as little as possible to maximize their profits.🚨
Alternatives to We Buy Houses companies in New York
There are alternatives to selling to a We Buy Houses company in New York that could net you a lot more money in the end.
- Sell to an iBuyer — iBuyers pay close to fair market value for homes, and some can close in as little as ten days. They generally don’t buy distressed homes, but an iBuyer might be an option if your home only needs minor repairs.
- List with a low commission real estate agent — Companies like Clever can connect you with an agent who can work for a pre-negotiated low commission to help you sell without leaving money on the table.
Frequently Asked Questions about We Buy Houses companies in New York
Are We Buy Houses companies in New York legit?
The majority of New York We Buy Houses companies are legitimate, but some will take advantage of a seller in a difficult situation. Given that, it’s crucial to do some research to find companies with positive reviews from previous sellers. For example, those that sold to Sell Now Homebuyers said that it made fair offers. A more established company like We Buy Ugly Houses is also a reliable alternative.
How much money will a We Buy Houses company pay in New York?
We Buy Houses for Cash companies in New York usually pay 30% to 50% lower than a property’s estimated value. However, some desperate sellers are willing to take the lower offer in exchange for a quicker-than-average closing. For instance, Express Homebuyers can close in as few as seven days. Browse our guide on how We Buy Houses for Cash companies work for more information.
How can I sell my property quickly in New York?
Homeowners in New York can sell to a local cash buyer for a fast offer and quick closing. Case in point, Express Homebuyers can make an offer right after a property walkthrough and close in as few as seven days. Aside from that, you can also work with a top real estate agent who can help you close quickly while making more money on your property.
More We Buy Houses for Cash resources
Want to learn more about how We Buy Houses companies work and what you should watch out for as a home seller? Check out these great resources!
Companies That Buy Houses for Cash: Solution or Scam? You might be willing to sell to a We Buy Houses company if you’re in a bind, but is it worth it? Find out how these companies operate.
Are “We Buy Houses” Companies a Ripoff? Cardboard signs at the side of the road don’t seem very professional, so what’s the deal with all of these companies that advertise “We Buy Houses”? Learn how to tell the difference between a legitimate cash buyer and a scam.
How Much Will an Investor Pay for My House? Investors don’t buy houses because they love them — they buy them to make a profit. Learn more about how an investor would price your home if they were interested in buying it.
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