Selling a house quickly in New York can be tough, especially if it needs repairs and you’re short on time and money. In these cases, “We Buy Houses” Staten Island, NY companies can help. These businesses offer an alternative to the traditional market, as they make all-cash offers on homes and purchase as-is, allowing homeowners to skip the time and cost of fixing up the property.
We Buy Houses companies in Staten Island, NY can be especially helpful for sellers facing challenges like a pending foreclosure or a sudden inheritance, letting you sell your home in a matter of days, rather than months.
In this post, we’ll weigh the pros and cons of working with these companies, helping you decide if selling for cash is the right fit for your situation. We will also explain how the process works.
Sell Your House Fast in Staten Island With a Cash Offer
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Working with house-buying companies in Staten Island
Partnering with a house-buying company in Staten Island can help you sell your home quickly without the typical hassle of showings and repairs. Here’s an overview of the process of selling your home for cash:
- Contact the company: Reach out to a local house-buying company to express your interest in selling your property.
- Provide property details: Share basic information about your home, including its condition, size, and any needed repairs. This helps the company assess the property’s value.
- Schedule a home visit: The company will likely arrange a time to visit and inspect your property, often at no cost to you.
- Receive a cash offer: After the inspection, the company will present a take-it-or-leave-it cash offer, usually within a few days.
- Accept the offer: If you’re satisfied with the offer, you can accept it, and the company will handle the paperwork.
- Close the sale: Close on your timeline, often within a few weeks, and receive your cash proceeds directly.
Popular We Buy Houses for Cash companies in Staten Island
If the process of selling to a house-buying company in Staten Island 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 or your parents’ property, whether that’s a ranch-style or Colonial-style home. By working with one of these companies, you should be able to sell your Staten Island home in as little as a week or two.
Real Property Buyers
Real Property Buyers is a local, family-owned company that assists homeowners in selling their properties quickly and with minimal stress. The firm provides distinct advantages over traditional listings with real estate agents.
After conducting a property inspection, it presents a fair cash offer to the homeowner. Sellers can choose a closing date that works for them, with transactions typically completed in 7 to 10 days.
Locations: New York City and other key areas in the state, including Staten Island
Closing costs: Sellers pay no closing costs; Real Property Buyers covers them.
Praised for responsible and ethical operations, Real Property Buyers has been accredited by the Better Business Bureau (BBB) since 2018 and holds an A+ rating. Its Google Business Profile holds a 5-star rating, as many clients commend its professional services and competitive offers.
Some highlight how smoothly the process goes and appreciate that all questions are answered promptly. Others recommend their services to others looking for a reliable home-selling solution.
Website: rpbuyers.com
Phone: 516-226-9690
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Staten Island (and across the country) can request a cash offer for their home. It features one of the largest networks 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 Staten Island.
With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Staten Island
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been BBB-accredited since 2019 and now holds an impressive A+ rating. The company has 4.8 stars on Google based on hundreds of user 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.
Website: homelight.com/simple
Phone: 844-488-8455
Leave The Key Homebuyers
Leave The Key Homebuyers is a locally based real estate investment firm that offers homeowners a fast and stress-free way to sell. The team has extensive experience purchasing properties in “as-is” condition, helping clients bypass the complications of repairs and traditional listings.
They focus on simplifying the process with a clear, tailored approach for each seller. Homeowners typically receive a no-obligation cash offer within 24 hours of initial contact.
Locations: Long Island, Brooklyn, Queens, and other areas, including Staten Island
Closing costs: Sellers pay no closing costs; Leave The Key Homebuyers covers them.
Accredited by the BBB since 2023, Leave The Key Homebuyers earned an A+ rating from the bureau. On Google, it received a high average review score of 5 stars.
Clients say the staff was accommodating and efficient, helping sellers move forward quickly and with peace of mind. Many note the team’s friendly, caring, and compassionate approach throughout the process. Reviewers appreciate how the company alleviates stress while ensuring a smooth transaction.
Website: leavethekey.com
Phone number: 631-519-9532
Cash Buyers New York
Established in 2000, Cash Buyers New York is a well-established firm with extensive knowledge of the local real estate market. The company’s experienced team guides sellers through every step of the transaction, providing a professional yet approachable experience.
After viewing the property, the team presents a cash offer within a few hours. Sellers can then select a closing date that fits their schedule, as the company prioritizes flexibility to meet each client’s needs.
Locations: All over New York, including Staten Island
Closing costs: Sellers pay no closing costs; Cash Buyers NY covers them.
Dedicated to ethical business practices and great customer service, Cash Buyers NY earned an A+ BBB rating and a 5-star rating. Reviewers commend the staff’s excellent service, answering questions and addressing concerns promptly. Some mention the team’s knowledge and professionalism, which made the process comfortable and reassuring. Others express appreciation for the fair and competitive offers.
Website: cashbuyersny.com
Phone number: 646-920-8900
Five Boro Home Buyers
Five Boro Homes, based in New York, specializes in purchasing properties in any condition with quick cash offers. It assists sellers dealing with foreclosure, tenant eviction, bankruptcy, pending divorce, or inherited property. Moreover, the team removes the burden of commissions and repair costs, creating a smooth and efficient selling process. Homeowners typically receive a cash offer within 24 hours, with closings completed in as little as seven days.
Locations: Staten Island and other key areas, such as Bronx, Brooklyn, Manhattan, NYC, Queens, and Riverdale
Closing costs: Sellers pay no closing costs; Five Boro Home Buyers covers them.
Five Boro Home Buyers holds a Google rating of 4.8 stars, with many clients sharing how they had a professional and respectful experience selling to the company. Some emphasize the team’s knowledge, attentiveness, and genuine care throughout the process, while others thank the staff for the quick sale and fair price they received.
Website: newyorkhomesforcash.com
Phone number: 516-870-4462
Why sell your Staten Island house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Staten Island, selling a home on the open market using an agent typically takes around 100 days. That includes an average of 59 days on the market, from listing to signed contract, plus the typical 41 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 Staten Island, 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.
Here are some common scenarios where a house-buying company may be the right fit.
- Job relocation: You’ve received a job offer in another city and need to sell quickly to make your move easier.
- Divorce settlement: Selling the home for cash during a divorce can provide a quick and clean break for both parties.
- Unwanted inheritance: If you’ve inherited a house that needs work, selling to a cash buyer can simplify the process.
- Downsizing transition: You’re ready to downsize and don’t want to invest in repairs or upgrades.
- Extensive repairs: If your home is in poor condition and requires significant repairs you can’t afford, selling as-is to a cash buyer can be practical.
- Open house stress: A cash sale is a private transaction, ideal for those who prefer not to hold open houses and invite strangers into their home.
- Foundation issues: A house with foundation problems may be hard to sell on the open market, but cash buyers may consider it.
- Foreclosure solution: If you’re at risk of foreclosure, a cash sale can help you avoid credit damage.
- Problem tenants: You have tenants who make showings difficult, and a fast sale is your best solution.
- Remote home sale: If you live elsewhere, selling from out of state to a cash buyer can save you travel and time.
Pros and cons of house-buying companies in Staten Island
Working with a house-buying company in Staten Island comes with its share of upsides and downsides. Below, we outline some of the main pros and cons so you can determine if a cash sale is the right solution for you.
Pros of house-buying companies
A significant advantage of a Staten Island house-buying company is the speed and convenience it offers. You can sell your house as-is without worrying about repairs or staging. Here’s a summary of its key benefits:
- Quick sale: Cash buyers often close within days or weeks, allowing you to move forward with your plans without a lengthy wait.
- No repairs: Selling as-is means you can avoid costly repairs or updates, no matter what condition your house is in.
- No showings: You won’t need to stage your home or hold open houses, making the process more private and less stressful.
- Fewer contingencies: Cash buyers generally eliminate contingencies that can delay or complicate traditional sales, ensuring a smoother, more direct transaction.
Cons of house-buying companies
While house-buying companies offer a streamlined experience, you’ll likely walk away with less profit than if you sold through an agent. Here are other potential drawbacks to keep in mind.
- Lower offers: Expect a cash offer to be less than your home’s full market value, as buyers factor repairs and their own profit into the price.
- Potential scams: The cash-buying industry has scams to watch out for, so it’s essential to verify the legitimacy of any company before you commit.
- No agent guidance: You may miss out on expert advice that a real estate agent would provide to help you maximize your sale.
- Limited buyer pool: Selling to a house-buying company can reduce your pool of potential buyers, which might limit options if you’re looking for the highest possible price.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Vet cash buyers and know your home’s worth
Before committing to a cash offer, it’s crucial to vet the company thoroughly. The level of service and integrity you experience from a house-buying company can vary, so make sure to:
- Research market presence: Investigate how long the company has been buying homes in your area and how they’ve performed in the market.
- Check reviews: Look for online reviews and ratings to see what other sellers have said about their experience with the company.
- Ask for referrals: Go beyond reviews and ask actual clients to get a better sense of the company’s reputation and trustworthiness.
- Examine the agreement: Before signing anything, read the buying agreement carefully to ensure you fully understand the terms and conditions of the sale.
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 Staten Island. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Staten Island home quickly
Working with iBuyers
Instant buyers or iBuyers use automated valuation models (AVMs) to estimate home values quickly, allowing for a nearly instant offer. Businesses like Opendoor and Offerpad, provide all-cash offers closer to market value, with closings typically within days to two weeks.
However, iBuyer companies often charge a sizable service fee, ranging from 5% to 6% of the home’s sale price. This is an ideal option for sellers whose homes are well-maintained in regions with uniform housing.
Listing with an agent
Listing with a top agent can be a smart option if your home is market-ready. These professionals deliver higher offers than cash buyers, with the top 5% of agents often achieving up to 10% more than average agents.
An agent will also provide a comparative market analysis (CMA), often free, to help set the right price. Additionally, an experienced agent might introduce you to cash buyers willing to pay closer to market value. If you’re interested in exploring this option, HomeLight can connect you with a top-performing agent.
FAQs on Staten Island house-buying companies
By and large, most We Buy Houses for Cash companies in Staten Island 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 BBB website. Watch for anything that just doesn’t seem right.
Most Staten Island We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV), then deduct 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 Staten Island Colonial-style home could sell for $710,000 after repairs, but it will need $25,000 of work to get there.
($710,000 x .70) – $25,000 = $472,000
In this example, a Staten Island We Buy Houses company might offer you around $472,000 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 they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from a Staten Island We Buy Houses for Cash company, you will likely be coming to grips with a double-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 it is accepted. Conversely, 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 will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Staten Island 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 Staten Island vs. top Staten Island 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 Staten Island | Sell with a top Realtor in Staten Island |
| Selling timeline | 7 to 30 days | 100 days average; 59 to attract an offer, 41 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on average |
| Inspections and 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 the title before you can sell the 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 | 3% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s sale price on top of the agent’s commission |
Example net proceeds
Below, we’ve compiled 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 Staten Island is worth about $685,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $710,000.
| Sell to a We Buy Houses for Cash company in Staten Island | Sell with a top Realtor in Staten Island | |
| Estimated sale price | ($710,000 x .70) – $25,000 = $472,000 | $685,000 |
| Market preparations | 0 | $6,850 (1% of the sale price) |
| Agent commissions | 0 | $20,550 (3% of the sale price) |
| Closing costs | 0 | $10,275 (1.5% of the sale price) |
| Estimated take-home for seller | $472,000 | $647,325 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs 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 closing: House-buying companies can offer a quick and simple sale, often closing within days or weeks.
- No repairs needed: Cash buyers typically purchase homes as-is, allowing you to skip costly repairs or upgrades.
- Lower offers: Expect cash offers from these companies to be below market value, as they factor in resale and repair costs.
- Quick sale alternatives: Working with iBuyers and listing with an agent can also lead to a faster sale while providing more competitive offers in many cases.
- Home valuation insights: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
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 Staten Island, NY agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Staten Island area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
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