No. When you sell through SellMyHouse.co, there are no agent commissions. You’ll still pay New York’s Real Property Transfer Tax. Typical closing costs are covered by the buyer.
Sell your New York house fast, no repairs required
Get a no-obligation cash offer in 24 hours and close without the prep work.
|
Median sale price
$553,268
Statewide median for New York home sales as of June 2026. Reflects a wide range across the state, from upstate markets to the NYC metro.
|
Typical time to close
66 days
About 36 days from listing to going under contract, plus another 30 days to close.
|
Upstate homes are some of the oldest in the country
The Buffalo metro has the oldest housing of any large U.S. metro, with a median home age of 66 years, and Rochester isn’t far behind at 57. Older homes are more likely to turn up issues at inspection, which can stall a buyer’s financing.
-
Cash sales are already common in New York City
About 64% of Manhattan buyers paid cash in 2025. Even in the state’s biggest market, a sale that doesn’t depend on a lender is a normal part of how homes change hands.
We buy houses in New York
The process works the same whether you’re selling in Buffalo, Albany, or anywhere else in the state.
STEP 01
Request your cash offer
Send us a few quick details about your New York home through our online form.
STEP 02
Schedule a property visit
A cash home buyer schedules a walkthrough at a time that works for you.
STEP 03
Review your offer
Go over the offer at your own pace, with no obligation to say yes.
STEP 04
Close on your schedule
Set a closing date around your plans and get paid when the sale closes.
Why sell your New York home with SellMyHouse.co
66 days is a long time to wait, and most of that time is driven by the buyer’s lender. Here’s what the process looks like without one.
- You don’t have to make repairs before closing. In New York, a buyer’s inspection can reopen the entire negotiation. Repair requests, credits, and walk-aways are common when a property needs work. Cash home buyers in our network purchase homes in almost any condition, so there’s no repair negotiation to get through.
- No agent commissions. Agent commissions typically run 5 to 6% of the sale price. On a $553,000 New York home, that’s between $27,000 and $33,000. When you sell through SellMyHouse.co, there are no commissions.
- No financing contingency. When a buyer is using a mortgage, a denied loan or a low appraisal can cause a sale to fall apart late in the process. A cash home buyer’s offer doesn’t depend on typical mortgage approval, so you’re not waiting on a lender’s decision.
- No showings or open houses. Getting a New York home market-ready can be time-consuming and expensive. Working with a cash home buyer means you skip staging, cleaning, and scheduling entirely.
- Close on your schedule. Whether you need to move quickly or need extra time to line up your next step, the buyer can typically work around your timeline.
New York homeowners relocating for a new job often need a confirmed closing date before they can commit to a move. A cash offer gives you a firm timeline you can plan around.
What New York home sellers need to know
New York’s rules on disclosure, transfer taxes, foreclosure, and creditor protection can all affect how and when you sell, and several of the numbers change depending on where in the state you live. If you’re working through the process of selling an inherited New York property, that resource covers the additional steps involved.
Property Condition Disclosure Act
Under the Property Condition Disclosure Act (RPL sections 462–465), New York sellers must give the buyer a completed Property Condition Disclosure Statement before a contract is signed. You disclose what you know about the home’s structure, systems, and environment, including flood risk. Since March 20, 2024, sellers can no longer skip the form by offering a $500 credit. Most co-ops and condos are exempt.
A cash home buyer in our network can often buy in almost any condition, so the disclosure typically won’t hold up the sale the way it might with a buyer whose lender requires repairs.
Real Property Transfer Tax
Under NY Tax Law section 1402, New York sellers typically pay a state transfer tax of 0.4% at closing, or about $2,214 on a median-priced $553,268 home. In New York City, sellers also pay a city transfer tax of 1% on sales under $500,000, or 1.425% at $500,000 and up. That adds about $7,900 on a $553,000 home. Both apply whether the buyer pays cash or uses a mortgage.
Judicial foreclosure
New York forecloses through the court system. Before filing, the lender must send a 90-day pre-foreclosure notice (RPAPL section 1304). From that first notice to the auction, the process usually takes 1 to 3 years, and contested cases or backlogged courts can take longer.
There’s no right to redeem the home after the auction, and the lender can pursue a deficiency judgment for any remaining balance. Selling before the process ends keeps you in control of the outcome.
Homestead exemption
Under CPLR section 5206, New York’s homestead exemption protects part of the equity in your primary home from most general creditors. It applies automatically, with no filing needed. Since April 1, 2024, the protected amount is $204,825 in New York City, Long Island, Rockland, Westchester, and Putnam; $170,700 in Dutchess, Albany, Columbia, Orange, Saratoga, and Ulster; and $102,400 everywhere else. It doesn’t stop your mortgage lender from foreclosing, and it doesn’t cover property taxes.
Frequently asked questions
Will I pay commissions if I sell to a cash home buyer?
How does foreclosure work in New York?
New York handles foreclosures through the court system. Before filing, the lender must send a 90-day pre-foreclosure notice. From that notice to the auction, the process usually takes 1 to 3 years. There’s no right to redeem the home after the auction, and the lender can pursue a deficiency judgment for any remaining balance. Selling before then keeps you in control.
What is the homestead exemption in New York?
It protects part of the equity in your primary home from most general creditors, and it applies automatically. Since April 2024, the amount is $204,825 in the New York City area, $170,700 in the mid-Hudson and Capital Region, and $102,400 elsewhere. It doesn’t stop your mortgage lender from foreclosing, and it doesn’t cover property taxes.
What is the real estate transfer tax in New York?
New York State charges a basic transfer tax of $2 per $500 of the sale price (0.40%), paid by the seller. On a $553,268 home (the June 2026 statewide median), that comes to about $2,214. In New York City, residential sales of $3 million or more pay a higher state rate. Sellers in New York City also pay an additional city transfer tax of 1.425% on residential sales over $500,000. Both taxes apply to all sales regardless of how the buyer pays.
What do I have to disclose when selling my house in New York?
New York sellers must give the buyer a completed Property Condition Disclosure Statement before a contract is signed. It covers what you know about the home’s structure, systems, and environment, including flood risk. Since March 2024, sellers can’t skip it with a $500 credit. A cash home buyer can often buy in almost any condition, so it typically won’t hold up the sale.
How do I sell my house fast in New York?
Contact SellMyHouse.co and share a few details about your property. We’ll look for a cash home buyer from our network and get you an offer, typically within 24 hours. If you accept, the buyer will schedule a property visit, and you can close on your schedule. No repairs, no commissions, and no waiting on mortgage approval.
