Real estate companies that buy houses offer an efficient and straightforward alternative to traditional sales methods. By purchasing directly from homeowners without listing on MLS and holding open houses, these real estate firms provide more flexible closing dates that suit homeowners who are in a rush or who must relocate quickly. They’re popular among those needing to relocate quickly while sellers should also be mindful of any limitations or risks involved with selling to such real estate companies that buy homes.
These companies specialize in purchasing residential properties such as single-family homes, townhomes and condos and offer quick cash closings with as-is condition purchases – meaning no repairs must be completed prior to selling their house! Each firm may have different rules on which properties they accept but most will buy most types of houses.
Selling to a real estate company that buys your house can vary widely between companies, but most will typically start by asking for a quote from homeowners online or over the phone, before sending out representatives for in-person assessments or remote evaluation using video footage and photographs of their home. At that point, they make an offer – usually below market value – that a homeowner is under no obligation to accept and can close whenever convenient.
Some of these companies specialize in fix-and-flip operations that will renovate and sell a home after renovation is complete. Others may rent it out or sell it through their network of buyers; and still others will hold onto their properties and generate income streams from rental income streams.
Every company operating this way has their own business model, but the process typically remains similar: homeowners submit basic information about their home to one of these services, and then one of their representatives contacts them with an offer. It is quick and convenient – sometimes within weeks! Once accepted by the seller, he or she selects a closing date before signing an agreement at either a title company or attorney’s office in their locality.
Many companies that operate within New York State are subject to state and federal oversight, including Fair Offer NY which was licensed and accredited by the Better Business Bureau for its real estate activities in 2009. Yehuda Zargarov and Saul Shauli founded this firm in 2009 and since then it has become one of New York’s premier real estate firms.
Leave the Keys Homebuyers is another family business run by Larry Wagner and Ben Wagner – father and son team. It purchases homes throughout Manhattan and Long Island New York and is accredited with the Better Business Bureau for its fast and flexible sale process, typically selling homes within one week without needing inspections or repairs. According to its website, sellers should expect a “fair as-is” offer.