If you need to sell your home quickly for any reason — such as moving out quickly, or experiencing financial strain and need the proceeds from its sale as quickly as possible — a “we buy houses for cash” company may be an excellent solution. These firms specialize in buying houses as-is so no repairs need to be completed prior to selling, plus many do not require realtor commission payments, which could save significant sums of money in commission fees and agent fees.
To purchase a home with cash, buyers need to have saved enough savings and checking accounts, along with proof of steady income like paycheck stubs or bank statements from the past two months. The amount may differ depending on which house is purchased; typically this ranges between $50,000 to $300,000.
Cash buyers typically offer between 50%-70% of your property’s fair market value because they want to turn a profit by flipping it later on, which may result in lower offers than what would typically be provided by traditional real estate agents, who can use their expertise in market analysis and other strategies to get you top dollar for your property.
Traditional home sales through real estate agents offer the best guarantee that you’ll achieve maximum value for your house, but may take longer and may necessitate repairs or renovations before selling it on. Plus, agents typically provide more individualized guidance during this process.
Many “we buy houses for cash” companies can close on your property within seven days, though fees could reduce your final sale price significantly – an iBuyer may charge service fees of 5-6 % of its sale price, which could quickly add up over time.
Leave the Keys Homebuyers is an alternative, family-run real estate buying firm based out of New York City that will purchase any property as-is in just seven to 14 days. They were founded by father and son licensed real estate agents; and specialize in buying properties across five boroughs of NYC as well as Nassau and Suffolk Counties of Long Island. You can reach out via phone or email and arrange for one of their representatives to visit your property – they use public records data and valuation analysis tools to establish its worth before providing an offer within 24 or 48 hours based on this process.