If you need to sell quickly or require extensive repairs on your house, real estate companies that buy houses could be an option. They typically hire investors who will offer fair prices and close fast, yet be mindful that such an offer might not offer as much money than listing it openly would do.

These firms typically focus on one goal: turning a profit on their investments. Instead of listing homes on the market or engaging in bidding wars that drive up purchase prices, these firms usually make “take it or leave it” offers that are non-negotiable.

Companies that buy your home may charge hidden fees, such as administrative and broker fees. Be wary of companies that promise quick closings – real estate closings can often involve multiple steps before title transfers occur fully. Also be wary of those promising quick sales: typically this indicates additional steps must take place before any official transfer occurs.

HomeLight and Redfin are two reputable home buying firms; however, if you have any concerns with them or their fees/processes/invoices/services they don’t always disclose all details relating to fees/processes etc. If so, consult a real estate attorney or broker in your area for advice.

Real estate companies that buy your home may not be right for everyone, but they may be an ideal way to quickly sell your New York property without incurring commission costs. Furthermore, this may be especially advantageous if it lacks appeal for potential buyers – an alternative could be listing it openly instead.

When selling to a “we buy houses” company, the buyer will create and sign a contract outlining what price will be given in return for selling your home, an accurate description of it and an expected closing date; additionally it should list any events which must occur first before closing occurs (known as contingencies).

Real estate sales typically require all parties and attorneys present at a final closing, in which property ownership passes from seller to buyer. However, it is possible to complete a real estate transaction using power of attorney or closing in escrow via mail.

If you need to close quickly, selling directly to a cash investor can be an attractive option. But be aware that you won’t get as much money through listing on the open market; your offer might even change after home inspections take place and repairs and staging could become necessary. In contrast, listing with an agent could provide more certainty while opening up opportunities for bidding wars, potentially increasing offers substantially.