we buy houses in Newark a home in Newark can be an expensive and time-consuming endeavor. Unless your property is in perfect condition, you may have to hire an agent and wait months before a potential buyer can qualify for financing. And after all that, you still might not end up with as much in your pocket as you thought.
Companies that buy houses in Newark offer an alternative to the traditional sales process for homeowners who want to sell quickly and get out of their homes without paying extra fees or waiting for bank financing to close. But these house-buying companies aren’t for everyone, and some companies specialize in certain situations.
For example, a company like Halo Homebuyers in Bridgewater, NJ, pays cash for homes and then uses its own construction company to update them before reselling them. The company claims to have purchased more than 700 properties and has high customer ratings. Its offers, however, are typically lower than what you’d get from a realtor because the company is buying the home as an investment and not for personal use.
Another option is an iBuyer like Opendoor, which has bought more than 3 million properties nationwide and is based in San Francisco. These companies generally pay around 70% of a property’s after-repair value and charge sizable fees, so they’re not the best fit for people who want to skip the staging and showing process and close within a few weeks.
Companies that buy houses in Newark that specialize in working with individuals who need to sell quickly for various reasons—like inherited a property they can’t afford to maintain, unable to keep nightmarish tenants, or are getting divorced—often have higher customer ratings than other companies. But it’s important to consider all the options before choosing a company to work with.