Old Harbor Properties

Old Harbor Properties buys houses, condos and apartments across New England for cash, usually in as-is condition, so owners can skip listing with an agent. The company started as general contractors and says it earns its margin from discounted rates with a network of remodeling contractors rather than from low offers. It also works with homeowners facing foreclosure, probate, divorce, inherited property or a job transfer, and says it has bought homes agents could not sell.

The process starts with a call about the property, followed by a written, no-obligation cash offer, usually within 24 hours. Closing takes place at a local title company and can happen in about 7 days or on the seller's schedule. Agent commissions, closing costs, repairs and cleaning are not required. The office is in Waltham, MA, and phone calls get faster replies than email, which the company aims to answer within 48 hours.