We Buy Houses in New York | Top Companies

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  Written by Andrew Whytock

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  Edited by Darrell Davis

Top 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 help homeowners sell properties fast — whether you have a distressed property, inherited home, or a house with financial obligations you can’t pay for. We Buy Houses companies buy homes for cash for lower than you might get on the open market, with the goal of fixing up the property and reselling it for profit.

This allows you to sell fast without waiting for buyer financing. If you own property that’s tough to sell through a traditional home sale, a We Buy Houses company could be a great fit, but otherwise you can probably get a better price on the open market.

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 cash offers from top New York buyers now!

Quick view: Top 5 New York We Buy Houses for Cash companies

💰 Cash buyer	💸 Time to offer	🗓 Time to close
1. Fair Offer NY	7 minutes	Time to close varies
2. Express Homebuyers	7 minutes	7 days
3. We Buy Ugly Houses	After home evaluation	21 days
4. Sell Now Homebuyers	24 hours	21 days
5. We Buy Houses	24–48 hours	7–14 days

Who should sell to a New York We Buy Houses company?

We Buy Houses for Cash companies are best for people who need to sell their house immediately, even if it means leaving a lot of money on the table.

Selling to a We Buy Houses company isn’t the best option for everyone. However, it might be advisable for you if: 

• You are to the point of foreclosure 
• You have a short timeline (a week or less)
• Your house needs major repairs and you can’t afford them

Before you go with a We Buy Houses for Cash in New York company, take some time to think through the decision. If your situation fits the above criteria, a We Buy Houses company could be your best — and maybe only — option.

However, it’s still possible to sell with a real estate agent, even if you’re on a tight timeline and need to sell as-is. 

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. The agent can provide you with valuable information about your home so that you can make an informed decision.

Consulting a realtor is the best way to ensure that you keep the most equity in your pocket while still selling on your timeline.

Many realtors have relationships with top local cash buyers (and can help you avoid companies that only make lowball offers). Your agent can help you get cash offers from local companies that have good reputations. They can also help you understand your options to find the best way to sell your home within your timeline for as much money as possible.

Top 5 We Buy Houses companies in New York

🥇 Fair Offer NY: Our top pick

Fair Offer NY is a family-owned business that purchases houses for cash throughout New York City and surrounding counties. It can make an initial cash offer within minutes when you call, which will be confirmed and finalized after a property walkthrough within 24 hours, and you can close the sale on your preferred schedule.

Past sellers have left positive reviews for the company, praising its reps for being highly responsive and having excellent knowledge of the local areas. It has a five-star rating on SiteJabber, and is accredited and rated A+ by the Better Business Bureau.

🥈 Express Homebuyers: Preliminary offer in minutes

Express Homebuyers is a national We Buy Houses for Cash company that’s been operating all around New York and the United States since 2003. Among national companies, it’s the fastest to make an offer. You’ll get a preliminary offer in seven minutes when you call the company, which will be confirmed upon a house inspection, and you can close within a week.

Express Homebuyers is well-known and trusted around the country by homeowners. Past sellers who’ve left reviews praise its quick and straightforward transactions, though a few reviews mention predatory marketing, unresponsiveness and excessively low offers. The company is rated 4.2 out of 5 on Trustpilot and A+ by the Better Business Bureau.

As we note in our Express Homebuyers review, most Express Homebuyers offers are good for up to 30 days, so you have time to consider the offer, look at your other options, and make your decision.

🥉 We Buy Ugly Houses New York: Established brand

We Buy Ugly Houses by HomeVestors is an established nationwide network of cash buyer franchises that buys houses for cash across New York and the United States. It makes a firm cash offer shortly after a home evaluation, so you don’t have to worry about the price dropping before finalizing the sale.

You can close the sale within three weeks, which is long compared to many competitors, but We Buy Ugly Houses makes our top three because it’s a well-known and highly trusted national brand. It has an A+ rating by the Better Business Bureau, and customers enjoy its easy transactions and flexible closing times.

» MORE: We Buy Ugly Houses review

4. Sell Now Homebuyers: Local expertise

Sell Now Homebuyers is a New York–based We Buy Houses company that buys houses in New York, Connecticut, and New Jersey. It can make an offer within 24 hours of visiting your property, and you can close within three weeks, or take longer if you need it.

Sell Now Homebuyers’ reviews are largely positive, with sellers praising a fast and easy selling process. Even though three weeks is longer than many other We Buy Houses companies, Sell Now Homebuyers makes the list because of local expertise and good reviews.

5. We Buy Houses New York: Decades of experience

We Buy Houses is a national cash buyer with franchise offices all over the country. It buys homes in New York through We Buy Houses New York. Past sellers praise the company in reviews for fast and easy transactions.

We Buy Houses can make an offer within one or two days after you contact them, and you can close a sale with a local title company in one or two weeks. As we note in our We Buy Houses review, each We Buy Houses franchise office is independently owned, so your experience will depend on your local office.

Not seeing the right company for you? Check out our list of the top companies that buy houses for cash across the country!

How do We Buy Houses for Cash companies work?

We Buy Houses for Cash companies in New York are typically owned by real estate investors. These investors look for deals, most often by searching for distressed or unwanted properties that tend to be less desirable to ordinary home buyers.

They purchase the homes by making fast, all-cash offers that allow them to buy at a discounted price. Then, they make the necessary repairs and re-sell the properties for a profit.

We Buy Houses for Cash pros and cons for New York home sellers

How much do We Buy Houses companies in New York pay?

We Buy Houses companies and local real estate investors in New York generally use the 70% rule: never pay more than 70% of a home’s after-repair value (ARV), minus repair costs. You can get a ballpark idea of your home’s ARV 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 $582,450. 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 $357,715.

(After repair value x 0.70) − Repair costs = Purchase price

($582,450 x 0.70) − $50,000 = $357,715

When is selling to a We Buy Houses company worth it?

Selling to a We Buy Houses company may be worth it if you need to sell your home quickly and don’t have time to make any repairs.

But most sellers will be able to sell their home for a much higher price by listing on the open market.

You need to sell your house fast

	🗓 Time to sell	💰 Median listing price
New York	69 days	$582,450
United States	50 days	$427,250

We Buy Houses companies can make almost instant cash offers — allowing you to close in as little as 7 days.

But you pay for the convenience — you’ll get much less than the value of your home.

While the average time to sell in New York is 69 days, a realtor specializing in quick home sales may be able to help you sell your home faster on the open market — allowing you to keep much more of your equity.

You’re selling a house in poor condition

Another great benefit of a cash buyer like We Buy Houses in New York is that it will purchase homes in as-is condition. If your home is in need of extensive repairs or is structurally unsound, it may be easier to sell to a We Buy Houses company instead of finding a buyer on the open market.

That said, we recommend talking to an experienced real estate agent before accepting an offer from a We Buy Houses New York company. In today’s market, there are buyers who are willing to purchase fixer-uppers, and you’ll almost always get more money for your home by selling on the open market.

If you’d like to get an agent’s professional opinion, our partners at Clever can connect you to a top local realtor. You’ll get a free expert home valuation to make sure you’re getting a fair price.

Better alternatives for New York home sellers

There are two main types of alternatives to selling to a We Buy Houses company in New York: selling to an iBuyer or listing with a traditional agent.

If you’re selling a newer home that doesn’t need extensive repairs, we recommend getting an offer from an iBuyer.

Listing with a real estate agent is the best way to sell your home for its full value — and an agent can help you compare cash offers to what your home may get on the open market.

Sell to an iBuyer

Like We Buy Houses companies, iBuyers make all-cash offers on homes. They offer the same fast closing timelines, but they typically pay much closer to market value. 

But there’s a reason iBuyers pay more than traditional We Buy Houses companies. iBuyers have much stricter purchase criteria and are only available in select areas. If your home was built recently and only needs minor repairs, it may be a good candidate for an iBuyer. Otherwise, it probably won’t qualify.

If you need to sell your New York home quickly and it’s in good shape, we recommend seeing if there are any iBuyers available in your area. Requesting a cash offer only takes a few minutes, and you can walk away with no obligation if the offer is lower than what you think your home is worth.

List with a New York realtor who specializes in quick sales

Every seller should start their selling journey with an expert home valuation from a local real estate agent — even if you ultimately decide to sell to accept a cash offer from a We Buy Houses company or iBuyer.

Getting a home valuation is free, no-risk, and allows you to ensure that you’re making the right decision.

In the current New York real estate market, many top agents can still sell your home quickly. They can even target individual cash buyers and investors, allowing you to sell your home as-is while still getting top dollar for your home.

FAQs about We Buy Houses companies in New York

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 [In-Depth Guide]: 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 in New York” on highway billboards? 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.

More New York home selling guides

Top 4 New York Flat Fee MLS Listing Services: Looking to list your home without an agent? Here’s our comprehensive guide to the 4 best flat-fee multiple listing service (MLS) companies in New York.

The True Cost of Selling a House in New York Revealed: Selling a house in New York? Our comprehensive guide not only breaks down all of your estimated expenses, including realtor commission and closing costs, but also offers tips on how to save on realtor fees.

Average Realtor Fees in New York: It’s important to know the standard commission rate in New York so that you can avoid overpaying for realtor fees and more accurately account for costs involved in selling your home. Our New York average realtor fees guide breaks down all the numbers you need to know.