If you've been searching online, talking to friends, or just worrying quietly — you've probably heard a few things about cash buyers that made you hesitate. Some of those things are true. A lot of them aren't. Let's go through the five biggest ones.
Some do. The ones running national "We Buy Houses" franchises often use a formula designed to maximize their margin at your expense. That's real, and you should be skeptical of any buyer who quotes you a number without seeing the property or understanding your situation.
A good local buyer — one with actual skin in the Queens market — makes their money on volume and speed, not by squeezing every seller. Our offer reflects market value minus what it actually costs us to close fast, carry the asset, and take the risk of buying as-is. That math is transparent. If you ask us how we arrived at a number, we'll show you.
Not with a cash buyer. This is the entire point of the transaction. We buy properties in the condition they're in — water damage, HPD violations, deferred maintenance, left-behind belongings, difficult tenants. You don't stage it, you don't fix it, you don't even need to take everything out.
We've purchased properties where the previous owner left 30 years of furniture behind. We've bought homes with active roof leaks, mold, and foundation issues. The condition factors into our offer. It doesn't stop the sale.
A traditional sale with a financed buyer involves bank appraisals, mortgage underwriting, inspection contingencies, and a buyer who can walk away at almost any point. That process routinely takes 60–90 days — and falls through 15–20% of the time.
A true cash sale eliminates all of that. No appraisal, no underwriting, no contingencies. The only thing that controls the timeline is how fast the title company can do a title search and prepare documents. In New York that's typically 10–21 days. If you need 7 days, we've done that too. If you need 60 days, we can wait.
With a traditional sale, you typically pay 5–6% in broker commissions, 1–2% in closing costs, and whatever repairs the buyer negotiates after inspection. On a $500,000 property, that's $30,000–$40,000 off the top before you see a dollar.
With us: no broker, no commission, no repairs, and we cover closing costs. The number in the offer is what you receive at the closing table. We put that in writing before you sign anything.
You're not locked into anything until you sign a contract — and even then, in New York, you have attorney review. We can have a full conversation, walk through your property, deliver a written offer, and you can say "no thank you" and we part ways. No hard feelings.
We'd rather you take the call, hear the number, and make an informed decision than avoid the conversation out of fear. The offer costs you nothing. It either works or it doesn't.
"The sellers we enjoy working with most are the ones who asked hard questions upfront. It means they understood the deal — and that makes the whole process smoother for everyone."
So What Should You Actually Watch Out For?
Fair question. Not every cash buyer operates the way we do. Here are the real red flags:
Pressure to sign quickly without a contract review. Any legitimate buyer will give you time and encourage you to have an attorney review the contract. If someone is rushing you, slow down.
Verbal offers only. Get everything in writing. A real offer is a written purchase agreement with a price, closing date, and clear terms.
No proof of funds. Ask to see a proof-of-funds letter or bank statement confirming the buyer actually has the cash. We provide this before you sign anything.
Bait and switch at closing. Some buyers lower their offer right before closing, knowing you're committed. We don't do this. The number we offer is the number at the table.
If any of those things happen — with us or with anyone else — walk away.
Questions? Just Ask.
We'd rather answer a tough question now than have you wonder later. Call or text us directly.
(212) 602-1515