Do you need to sell your New York home but can’t wait for the months it would take to sell on the real estate market? You might want to consider selling your property for cash to a “We Buy Houses” Syracuse company. These businesses will make all-cash offers on your home, regardless of conditions, and can often complete the transaction in just a few days.
A cash sale can be an attractive option for homeowners who need to sell fast. Whether you’re dealing with an urgent financial crunch, an inherited property, or simply want to avoid the hassle of the real estate market, cash-for-homes companies can be a great alternative when time is of the essence.
This guide will explore the pros and cons of selling to a cash buyer so you can make an informed decision. We will break down how the process works and provide you with some other options if you need to sell your home quickly.
Sell Your House Fast in Syracuse With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Syracuse.
Working with house-buying companies in Syracuse
Working with a “We Buy Houses” Syracuse company isn’t complicated, but there are a few steps you should know. Here’s a brief look at the process of selling your home for cash:
1. Contact the company: Find a local We Buy Houses company. Most will have an online form you can fill out or a phone number you can call.
2. Provide property details: Share information about your property, including its condition, location, and any necessary repairs. Don’t worry about the condition. The company will usually make an offer regardless.
3. Schedule a home visit: Set up a convenient time for the company’s representative to visit your home and assess its value.
4. Receive a cash offer: The company will present you with a no-obligation cash offer after evaluating your property.
5. Accept the offer: If you agree with the offer, you can accept it and proceed with the sale.
6. Close the sale: Finalize the paperwork and close the sale, usually within a few days to a week. You’ll receive your cash shortly after.
Popular We Buy Houses for Cash companies in Syracuse
If the process of selling to a house-buying company in Syracuse 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 Craftsman or a Ranch style. By working with one of these companies, you should be able to sell your Syracuse home in as little as a week or two.
Prestige Home Buyers
Prestige Home Buyers is a trusted real estate investment company that provides fast, reliable solutions for homeowners looking to sell. It purchases homes in any condition, whether single-family, multi-family, condos, mobile homes, or land. With a commitment to transparency and ease, they deliver fair cash offers within 48 hours and can close in just seven days.
Locations: Long Island and surrounding areas, including Syracuse
Closing costs: Sellers pay no closing costs; Prestige Home Buyers covers them.
Recognized for its ethical business practices, Prestige Home Buyers has been accredited by the Better Business Bureau (BBB) since 2020 and now maintains an A+ rating. Its Google Business Profile boasts a near-perfect 4.9-star rating.
Many sellers have shared how easy and pleasant their experience with Prestige Home Buyers was. The team is described as kind, responsive, and committed to making the process go smoothly. From quick replies to fair offers, clients say they felt supported every step of the way.
Website: prestigehomebuyers.co
Phone number: 631-239-7041
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Syracuse (and across the country) can request a cash offer for their home. It connects you to 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 Syracuse.
With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Syracuse
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 received BBB accreditation in 2019 and now proudly maintains 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
We Buy Long Island Homes Fast
Although primarily serving the Long Island region, We Buy Long Island Homes Fast also extends its home-buying services to the Syracuse area, providing flexible and efficient solutions to homeowners in need. It specializes in offering instant cash purchases for properties, removing the usual obstacles to selling a home. Their process requires no repairs, inspections, agents, hidden fees, or commissions.
Locations: Long Island and nearby areas, including Syracuse
Closing costs: Sellers pay no closing costs; We Buy Long Island Homes Fast covers them.
We Buy Long Island Homes Fast has been BBB accredited since 2024 and currently holds an A+ rating. Backed by positive customer testimonials, the company earned 5 stars on Google Reviews.
Sellers often praise the team for their outstanding service and personal touch. Reviewers say they take time to make sure people feel supported every step of the way. Some even noted how the staff helped them move into their new place.
Website: webuylongislandhomesfast.com
Phone number: 631-825-8747
We Buy Houses, Syracuse
Established in 1998, We Buy Houses operates as a nationwide network of independently owned franchise offices, serving more than 200 markets across over 30 states. The company specializes in buying a diverse range of real estate assets, including single-family residences, condominiums, vacant land, and various other property types, regardless of condition or value.
Upon submission of essential property details, a qualified representative is dispatched to conduct a thorough evaluation. Following the assessment, a no-obligation cash proposal is promptly extended to the homeowner. This streamlined approach reflects the company’s commitment to providing efficient and accessible real estate solutions nationwide.
Locations: Nationwide, including Syracuse
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
Not all We Buy Houses companies have the same reputation. BBB and Google review ratings can vary significantly from one office to another. This particular office, for example, has been BBB-accredited since 2020 and holds an A+ rating.
In general, clients praise the team for being patient, understanding, and great at communicating every step of the way. They shared how supported they felt throughout the entire process, from the initial consultation to closing.
Website: webuyhouses.com
Phone number: 877-932-8946
Why sell your Syracuse 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. The speed, convenience, and certainty are the top reasons many homeowners choose to work with a house buying company.
In Syracuse, selling a home on the open market using an agent typically takes around 62 days. That includes an average of 22 days on the market, from listing to signed contract, plus the typical 40 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 Syracuse, 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 situations where you might want to sell your Syracuse home for cash:
- Job relocation: You need to relocate for a new job and can’t afford to wait for a traditional sale.
- Divorce settlement: You want to speed up splitting assets during a divorce.
- Unwanted inheritance: You’ve inherited a home and prefer to sell it rather than manage repairs or updates.
- Downsizing transition: You’re downsizing to a smaller home and want to secure funds quickly for the move.
- Significant repairs: Your home is in poor condition and needs major repairs that you can’t afford or manage.
- Open house stress: You want to skip the hassle of hosting multiple open houses and showings.
- Foundation issues: Your property has serious foundation problems that deter traditional buyers.
- Foreclosure solution: You’re at risk of foreclosure and need to sell quickly to settle your debts.
- Tenant complications: You own a rental with difficult tenants and want to sell without the hassle.
- Remote home sale: You live out of state and want a fast, hassle-free sale without traveling back and forth to coordinate the transaction.
Pros and cons of house-buying companies in Syracuse
There are ups and downs to selling your Syracuse home for cash. Here are some of the main benefits to keep in mind:
Pros:
- Speedy sale: These companies can close the deal in as little as a week, helping you move on quickly.
- No repairs needed: Sell your home as-is, without the hassle or cost of making repairs.
- Simple process: The process is straightforward, with minimal paperwork and no need for staging or showings.
- Guaranteed deal: You receive a firm cash offer with no contingencies, reducing the risk of the sale falling through.
However, there are also some downsides to consider. The most significant is that house-buying companies will offer you below market value compared to selling through a real estate agent. Here are the main cons to be aware of:
Cons:
- Lower offers: Expect offers to be below market value, which means you’ll receive less money than selling through a traditional route.
- Scam risks: There’s a risk of encountering house-buying scams or unscrupulous buyers, so it’s essential to vet companies carefully.
- Limited negotiation: Offers are typically take-it-or-leave-it, leaving little room for negotiation.
- Missed opportunities: You might miss out on the higher profits that could be achieved through a traditional sale with a real estate agent.
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
Not all We Buy Houses companies are legitimate, unfortunately. While it’s unlikely that you will run into a less-than-reputable company, here are some good tips to keep in mind to avoid getting scammed:
- Check reviews: Look for online reviews and ratings to see what other sellers have experienced. Third-party websites like the BBB feature testimonials from previous clients.
- Research the market: Investigate the company’s presence and performance in the Syracuse real estate market.
- Verify credentials: Ensure the company is legitimate by checking for proper licensing and accreditation.
- Read the agreement: Carefully read the buying agreement before signing to understand all terms and conditions.
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 your market. You can also try our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Syracuse home quickly
Working with iBuyers
Instant buyers, or iBuyers, use automated valuation models (AVMs) to offer a fast, mostly online home sale experience. Opendoor and Offerpad provide all-cash offers, often closer to market value, and can close in a few days to two weeks. However, these iBuyer companies typically charge service fees of 5% to 6% of the home’s sale price.
Listing with an agent
While it may seem counterintuitive in a story about quick home sales, listing with a top real estate agent can still be a fast option in a seller-friendly market. A strategic price and superb marketing can lead to a swift sale.
A top agent can provide a comparative market analysis (CMA), often for free, to help determine your home’s value and appropriate listing price. If you’re interested, HomeLight can connect you with a top-performing agent in your area.
FAQs on Syracuse house-buying companies
By and large, most We Buy Houses for Cash companies in Syracuse 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 Syracuse 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) minus 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 Syracuse Craftsman could sell for $190,000 after repairs, but it will need $25,000 of work to get there.
($190,000 x .70) – $25,000 = $108,000
In this example, a Syracuse We Buy Houses company might offer you around $108,000 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 Syracuse 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, it’s always a good idea to ask the company for any hidden program fees that might impact your bottom line.
1. Research and vet the house-buying companies that serve your Syracuse area. Our list above is a good place to start.
2. Submit offer requests to a few companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Syracuse vs. top Syracuse 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 Syracuse | Sell with a top Realtor in Syracuse |
| Selling timeline | 7 to 30 days | 62 days average; 22 to attract an offer, 40 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 / 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 Syracuse is worth about $165,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $190,000.
| Sell to a We Buy Houses for Cash company in Syracuse | Sell with a top Realtor in Syracuse | |
| Estimated sale price | ($190,000 x .70) – $25,000 = $108,000 | $165,000 |
| Market preparations | 0 | $1,650 (1% of the sale price) |
| Agent commissions | 0 | $4,950 (3% of the sale price) |
| Closing costs | 0 | $2,475 (1.5% of the sale price) |
| Estimated take-home for seller | $108,000 | $155,925 |
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’s timeline might not fit your immediate needs.
Key takeaways
- Quick sale: Selling to a house-buying company can expedite the process, often closing in as little as a week.
- No repairs needed: These companies buy homes as-is, saving you the hassle and cost of repairs.
- Less profit: Expect to receive below market value for your home compared to traditional sales.
- Simple process: The sale process is straightforward with minimal paperwork and no need for showings.
- Due diligence: The level of service from house-buying companies can vary, so vet them carefully before committing.
- Home value: Always know your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to help you navigate 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-performing agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Syracuse 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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