How to Find Cash Home Buyers in Yonkers for a Hassle-Free Home Sale

Inside the Yonkers cash home buyers market

Yonkers’ real estate market is attracting a diverse range of investors. Here are some of the different types of buyers who are actively seeking properties in the area:

• New residents: Though its population is decreasing at an annual rate of 0.54%, Yonkers continues to attract new residents, some of whom are paying with cash to facilitate their move. The city’s flourishing healthcare and technology industries and proximity to New York City make it a desirable place to live and work.

• Baby Boomers: In December 2024, 28% of all home sales nationwide were cash transactions. In 2023, 51% of Older Boomers and 53% of Silent Generation buyers paid for their homes entirely in cash, reflecting their financial strength and desire to avoid mortgage commitments.
• Property investors: This group includes institutional investors, house flippers, buy-and-hold investors, wholesale buyers, and iBuyers. All strive to capitalize on opportunities in Yonkers’ housing market.
• iBuyers: These companies might offer better prices than other investors, but they also have fees and stricter criteria, which may limit their accessibility to some sellers.

Pros of working with a Yonkers cash home buyer

Selling your home for cash can be faster and easier than a traditional sale. Here’s how working with cash home buyers in Yonkers can benefit you:

How to request a cash offer in Yonkers

For an easier way to secure a cash offer, try HomeLight’s Simple Sale platform. Simple Sale can connect you directly to the country’s largest network of pre-approved and vetted investors.

Just answer a few quick questions about your house, and you’ll receive a no-obligation cash offer in as little as 24 hours. If you accept, the sale can close in as few as 10 days, allowing you to bypass repairs, staging, and open houses. You can select a move-out date that aligns with your timeline — up to 30 days post-closing.

While cash offers are typically lower than open-market offers, traditional home sales often come with expenses totaling 9% to 10% of the sale price. While it depends on your situation, selling for cash can often be faster and less expensive.

How much are Yonkers cash home buyers willing to pay?

While cash buyers offer convenience and speed, they typically purchase homes below market value to ensure profitability. In return, sellers benefit from a fast and convenient process. For instance, property flippers follow the 70% rule, meaning they pay up to 70% of a home’s after-repair value (ARV), factoring in renovation costs.

Market conditions also influence cash offers. In hot markets, competition can push offers closer to 80 to 85% of a property’s ARV, while slower markets may see lower offers.

The Yonkers housing market favors sellers, with rising median sale prices and buyers paying slightly above asking. While new listings are up and sales have increased, inventory has decreased and homes are taking longer to sell.

What’s the process of selling to a Yonkers cash home buyer?

For a quick and easy home sale in Yonkers, consider selling for cash. Here’s a basic overview of the process.

Complete the New York Disclosure Statement

• What it is: In New York, sellers must disclose any defects before accepting an offer by completing the Property Condition Disclosure Form. Sellers of homes built before 1978 must also fill out the Lead-Based Paint Disclosure Statement.

• Why it matters: Complying with disclosure laws helps buyers receive accurate property details. This safeguards buyers and sellers against complications, even in a cash transaction.
• How cash buyers help: Many We Buy Houses companies in New York take care of disclosure paperwork for sellers. Even though disclosures might seem like a formality in as-is sales, having them ready beforehand can streamline the process.

The buyer runs a title search on the property

• What it involves: In New York, cash buyers typically perform a title search to verify ownership and check for issues like liens, undisclosed heirs, or boundary disputes.
• Why it’s important: Tackling title issues promptly streamlines the transaction and prevents unnecessary delays.

The seller pays any associated fees

• Typical costs: Cash sales usually have fewer closing costs. However, New York sellers may still be responsible for transfer taxes, title insurance, escrow fees, and attorney fees.
• New York’s transfer tax: In most states, transfer taxes are paid at closing. In New York, sellers typically pay the transfer tax, which is levied at a rate of $2.00 per $500 of consideration. Yonkers also imposes its own local transfer tax of 1.5% of the sale price.
• Minimizing fees: Some Yonkers We Buy Houses companies cover these costs, but their offers generally fall below market value, prioritizing convenience over a higher sale price.

Deciding to sell to Yonkers cash home buyers

In today’s market, selling to cash home buyers in Yonkers offers a straightforward and stress-free option for homeowners looking for a quick sale.

Whether you explore buyers on your own, work with a real estate agent, or consider an offer through Simple Sale, HomeLight connects you with top professionals and essential resources. By leveraging Yonkers’ active investor market, we help simplify the selling process and provide an easy path to closing.

Editor’s note: As a friendly reminder, this blog post is meant for educational purposes, not legal or tax advice. HomeLight always encourages you to consult your own advisor.

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