5 Top We Buy Houses for Cash Companies in Queens
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Richard Haddad Managing EditorClose
Richard Haddad Managing EditorRichard Haddad is the managing editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
We Buy Houses companies in Queens make all-cash offers for homes that often need some work, enabling New York sellers who lack the time, expertise, and money for repairs to move quickly and receive the cash proceeds from their home sooner if they need it.
If you’re confronted with an urgent home-selling situation, a cash-offer company can provide a fast solution, allowing you to embark on the next chapter of your life.
However, like any significant decision, selling to a Cash-For-Homes company comes with its set of advantages and drawbacks. In this post, we’ll explain the process and unpack the pros and cons of partnering with a Queens area house-buying company, giving you valuable insights to make an informed decision.
Sell Your House Fast in Queens With a Cash Offer
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Queens area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Queens
If you’re contemplating partnering with a Queens area We Buy Houses company for a quick sale, here’s the process you can expect:
- Research potential buyers: Research and identify reputable house-buying companies in Queens. Look for reviews, testimonials, and any red flags.
- Contact your chosen company: Once you’ve zeroed in on a company, reach out to them. Typically, they’ll ask you to provide details about your home and its condition.
- Schedule a property inspection: After initial contact, the company will likely arrange a visit to inspect your home. This helps them evaluate its condition and determine an appropriate offer.
- Receive an all-cash offer: Based on the inspection, the company will present you with an all-cash, no-obligation offer. These offers are generally firm, with little to no room for negotiations.
- Review the contract details: If you’re comfortable with the offer, ensure you go through the contract thoroughly. Understand all terms and conditions, and consult a lawyer if necessary.
- Close the deal: Once everything’s agreed upon, the company will handle most of the closing logistics, and you’ll receive your cash, often within days.
Popular We Buy Houses for Cash companies in Queens
If the process of selling to a house-buying company in Queens sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some of the top companies that will pay cash for your Mediterranean-style home or your parents’ Tudor house. By selling to one of these companies, you should be able to sell your Queens home in as little as a week or two.
VSJ Home Inc
VSJ Home offers a unique home-selling experience that streamlines the traditional process. The company prioritizes the homeowner’s convenience, allowing them to select their closing date with the added advantage of flexibility to alter it if required. With VSJ Home, homeowners can bypass the inconvenience of hosting strangers for showings or open houses, ensuring a more private transaction. Most notably, sellers can rejoice in the fact that the company charges no commission or fees, ensuring they retain 100% of the cash offer.
Locations: Queens and surrounding areas.
Closing costs: Sellers pay no closing costs; VSJ Home Inc covers them.
VSJ Home Inc has garnered positive feedback from clients who emphasize the company’s professionalism and efficiency. Customers appreciate the straightforward nature of transactions with VSJ Home Inc, noting that the company delivers on its promises promptly. Sellers received the full amount they were promised, highlighting the trustworthiness of the service. Overall, the experience of working with VSJ Home Inc is described as exceptional, with clients commending the professionalism exhibited by the entire team. They have a Google rating of 5.0.
Website: vsjbuyshomes.com
Phone number: 631-913-8242
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Queens (and across the country) can request a cash offer for their home. Simple Sale connects you to the largest network of cash buyers in the U.S. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Queens.
With Simple Sale, you can get a no-obligation, all-cash offer in 24 hours, and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Queens
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB accredited with an A+ rating. The company has 4.8 stars on Google based on hundreds of reviews. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.
Learn more: homelight.com/simple
Phone: 844-488-8455
We Buy Land Property NY
We Buy Land Property NY has solidified its standing in the New York real estate arena with more than ten years of experience. Committed to streamlining the property-selling journey, the firm’s adept managers excel in crafting solutions that cater to each client’s distinct requirements. Their long-standing history in real estate trading accentuates their trustworthiness and aptitude in managing varied scenarios proficiently. With a focus on individualized service, they strive to make every deal smooth and advantageous for the property owner.
Locations: Queens and surrounding areas
Closing costs: Sellers pay no closing costs; We Buy Land Property NY covers them
Customers of We Buy Land Property NY value the company’s direct and streamlined method of acquiring properties. Numerous clients grappling with issues like managing troubled properties or overwhelming paperwork were pleased by the company’s smooth approach. They present appealing offers, fostering trust among their clientele. The company’s professional demeanor and authentic bids distinguish them in the industry. They have a Google rating of 5.0.
Website: webuylandpropertyny.com
Phone number: 646-693-0573
Five Boro Home Buyers
Five Boro Home Buyers, a family-run real estate solutions firm, operates out of The Bronx, Brooklyn, and Queens. They are committed to offering optimal solutions to homeowners facing tough scenarios such as foreclosures or owning problematic properties. The Five Boro team prioritizes client comfort and avoids pressuring decisions. With an emphasis on authentic partnership, they provide a service that brings peace of mind, empowering clients to make the best choices for their circumstances.
Locations: Queens, Bronx, Brooklyn, Manhattan, NYC, Riverdale, Staten Island
Closing costs: Sellers pay no closing costs; Five Boro Home Buyers covers them.
Customers consistently praise Five Boro Home Buyers for their professionalism, genuine care, and respect. Their expertise is evident, particularly when assisting homeowners in navigating complex scenarios like handling properties inherited after a family member’s passing. Clients have frequently expressed appreciation for the company’s commitment to open communication, available around the clock. Numerous testimonials underscore the outstanding experiences with the company. They have a Google review rating of 4.8.
Website: newyorkhomesforcash.com
Phone number: 516-870-4462
718 Home Buyers
718 Home Buyers, a distinguished family-owned real estate investment enterprise, is anchored in The Bronx, New York. Led by Keith Morris, the company boasts a 10-year history of presenting prompt, all-cash proposals to homeowners confronting various issues, including foreclosure, probate, or problematic tenants. Formerly a prominent personality in the music scene, Keith shifted his attention to supporting local communities. Today, his empathetic and tailored approach has benefited innumerable homeowners.
Locations: Bronx, Brooklyn, Manhattan, Queens
Closing costs: Sellers pay no closing costs; 718 Home Buyers covers them.
718 Home Buyers consistently receives accolades from homeowners for its adept and caring services. The firm’s proficiency in managing intricate property sales, especially those involving inherited homes, has been widely recognized. Keith, a standout figure at the company, is regularly lauded for his integrity, fairness in pricing, and utmost professionalism. Clients often mention the seamless closing process and the company’s dedication to making transactions as straightforward as possible. They have a Google review rating of 5.0.
Website: 718homebuyers.com
Phone number: 718-503-2233
Why sell your Queens house for cash?
There are plenty of valid reasons a Queens home seller may choose to work with a Cash-For-Homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Queens, it typically takes around 132 days to sell a home on the market using an agent. That includes an average of 87 days on the market, plus the typical 45 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in Queens, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Let’s take a quick look at some common situations where Queens homeowners might see a house-buying company as an appealing solution:
- Aging infrastructure: Your Queens home might have typical age-related issues like outdated plumbing or electrical systems, making a traditional sale challenging.
- Quick relocation needs: Whether it’s a new job, family emergency, divorce, or another reason, you might need to move out swiftly without the extended sales timeline.
- Lack of repair funds: Maybe you don’t have the resources or simply don’t want to invest in the required home repairs before selling.
- Desire for a hassle-free sale: The idea of organizing home showings, dealing with negotiations, or navigating a complex sale might feel daunting.
- Privacy considerations: Selling discreetly without the public eye on your property might be a priority, and cash buyers offer this privacy.
- Foreclosure looming: If you’re on the verge of foreclosure, a quick cash sale can provide an escape, letting you settle debts without further damaging your credit.
- Inheritance scenarios: You might have inherited a property in Queens that you neither need nor want and are looking to sell it without fuss.
- Landlord fatigue: Managing a rental property can be taxing, and you might want to free yourself from challenging tenants or the responsibilities of being a landlord.
- Elderly transitions: As a senior citizen, you or your family might opt for a care facility or a relative’s home, and a fast property sale can finance and facilitate this move.
- Out-of-state owners: Owning a Queens property while living elsewhere can be burdensome, making a quick cash sale more appealing.
If any of these scenarios resonate with your current situation, considering a We Buy Houses company might be a wise move. But remember, this is merely a launching pad in your journey to find the best solution. To make an informed decision, it’s essential to weigh the benefits and drawbacks and review all available options.
Pros and cons of house-buying companies in Queens
At this point, you’ve probably noticed that the world of house-buying companies in Queens can be a mixed bag of opportunities and challenges. It’s imperative to recognize the pros and cons to make a decision that aligns with your needs and goals.
The upsides
One of the undeniable advantages of house-buying companies in Queens is the unparalleled speed they bring to the table, combined with their willingness to buy homes as-is. This means no more worrying about fixing that leaky faucet or repainting your living room. Let’s summarize the key benefits:
- Quick transactions: House-buying companies can often close the deal in days or weeks, significantly faster than the traditional market.
- No repair worries: They purchase your home in its current state, eliminating the stress and cost of repairs or renovations.
- Simplified process: No need for home showings, lengthy negotiations, or a myriad of paperwork.
- Cash upfront: These companies provide an immediate cash offer, freeing you from the unpredictability of loan approvals or financing fall-throughs.
The downsides
However, there’s a trade-off for these conveniences. The most prominent drawback is that these companies, aiming for a profit, will likely offer below the potential market value of your home. This might not align with your financial goals. Here are the key drawbacks:
- Lower offers: You’ll typically receive an offer that’s less than what you might get by listing your home traditionally.
- Lack of negotiation: Most of these companies give a take-it-or-leave-it offer, leaving little room for price negotiations.
- Missed market trends: Relying solely on these companies might cause you to miss out on favorable market trends that could get you a better price.
- Risk of scams or pressure: While most We Buy Houses companies in Queens are reputable, there is a chance of being targeted by a scammer or getting involved with a group that applies pressure tactics to take advantage of your urgent situation. It’s crucial to thoroughly vet any company you might use.
Curious What Your Home Is Worth?
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Vet cash buyers and know your home’s worth
When you choose to sell your Queens home to a We Buy Houses for Cash company, remember that the level of service and integrity can vary widely. Much of your experience hinges on the character of the individuals or group behind the offer.
Before you commit, it’s essential to vet the company thoroughly. Look into their reviews, sift through testimonials, and gauge their market presence and track record. Moreover, don’t let the allure of a quick sale blind you to the finer details. Always read the buying agreement with a discerning eye before signing.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then compare your cash offer. HomeLight can connect you with a top-performing agent in your Queens market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Queens home quickly
iBuyers
iBuyers use automated valuation models (AVMs) to make almost immediate home value estimates, offering a streamlined, largely online selling process. Founded in the mid-2010s, they focus on giving all-cash offers, often near market value, for well-maintained homes.
The entire sale, from offer to close, can span from days to two weeks. Notable iBuyers like Opendoor and Offerpad typically charge fees of 5%-6%. This method best suits properties in areas with similar housing types and homes in good shape.
Listing with an agent
Though perhaps unexpected in this context, listing with an agent can lead to swift sales, especially in seller-friendly markets and with strategic pricing and marketing. Typically, selling via the market fetches higher prices, more so with top agents. HomeLight data indicates that the top 5% of agents sell homes for up to 10% more than average agents.
A seasoned agent will offer valuable insights, like a comparative market analysis (CMA), which helps determine your home’s value and potential selling speed. A CMA, often provided free, aids in decision-making, ensuring informed choices.
Some agents, familiar with your market, might even link you to cash buyers offering nearer to market value. For those curious about this option, HomeLight can connect you with leading real estate agents in your Queens market.
FAQs on Queens house-buying companies
By and large, most We Buy Houses for Cash companies in Queens are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Queens We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value, minus their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To see how this might work in a real-world scenario, let’s take a look at an example offer equation. Let’s say your Queens Tudor-style house could sell for $619,000 after repairs, but it’s going to need $30,000 of work to get there.
($619,000 x .70) – $30,000 = $403,300
In this example, a Queens We Buy Houses company might offer you around $403,300 for your home.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from a We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once the offer is accepted. On the other side, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive is going to be the price you walk away with at the end of the deal. Of course, it’s always a good idea to flat-out ask the company if there are any hidden program fees that might impact your bottom line.
- Research and vet the house-buying companies that serve your Queens area. Our list above is a good place to start.
- Submit offer requests to a few of the companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. (Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.)
We Buy Houses for Cash in Queens vs. top Queens agent
Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s take a glance at how different aspects of the sale might look, and compare possible proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Queens | Sell with a top Realtor in Queens |
| Selling timeline | 7 to 30 days | 132 days average; 87 to attract an offer, 45 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
| Appraisal | None | May need to lower your asking price if the appraisal comes in low |
| Title search | Cash-for-homes companies often handle title issues | Must clear title before you can sell home |
| Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
| Agent commission | None | 5.8% average |
| Closing costs | None | 1% to 3% of the home sale price on top of agent commission |
Example net proceeds
Below, we’ve put together one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Queens is currently worth about $619,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $644,000.
| Sell to a We Buy Houses for Cash company in Queens | Sell with a top Realtor in Queens | |
| Estimated sale price | ($644,000 x .70) – $25,000 = $425,800 | $619,000 |
| Market preparations | 0 | $6,190 (1% of sale price) |
| Agent commissions | 0 | $35,902 (5.8% of sale price) |
| Closing costs | 0 | $9,285 (1.5%) |
| Estimated take-home for seller | $425,800 | $567,623 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best in your situation will depend on the condition of your property, what level of repairs are needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Fast sale: House-buying companies in Queens offer a speedy transaction, often finalizing deals in mere days or weeks.
- No need for repairs: These companies purchase homes in as-is condition, eliminating the need for costly repairs or renovations.
- Straightforward offers: While there’s minimal room for negotiation, you get a straightforward, no-obligation offer.
- Below market value offers: Selling to a house-buying company will typically result in a lower offer than the market value of your home.
- Alternative options available: Remember that iBuyers and top real estate agents in Queens also present quick and profitable selling options.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
For those considering a Queens Cash-For-Homes company, it’s smart to collect multiple offers and thoroughly assess your options before sealing the deal.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Queens agent.
Header Image Source: (Greg Keelen / Unsplash)