Real estate companies that will buy your home vary considerably in honesty, but most follow a similar process: once you share your address and information about the property with them, a representative either visits or evaluates it online (some may do this entirely). They then send an offer which you don’t have to accept immediately but typically close quickly at lower offers than what would be available through open market sale.

Cash home buying companies are owned by investors who purchase properties with their own funds rather than bank financing, thus bypassing appraisals, inspections and mortgage approval processes that may delay closing and even cause sales to collapse.

Before selecting a method of selling that suits your goals – be they speed, certainty or top dollar – it’s crucial that you understand all of the options available to you before selecting one. Make sure to compare service fees, closing costs and any “repair credits” which might reduce your take-home amount. And trust your gut if something feels wrong: don’t sign any contracts! Reach out to New York Realtors who can guide your sale at the optimal price point.