Does your home have problems? Maybe it needs a new roof, HVAC system, plumbing, or has foundation issues that render it unfinanceable. If you are looking for companies that buy houses in Oklahoma City then don’t despair, sell your house fast Oklahoma city OKC’s #1 Cash Homebuyer- We Buy Houses Oklahoma City
Sell Your House Fast Oklahoma City
Even if you have an ugly house that has a slew of problems, it still has the potential to earn you some cash. OKC cash homebuyers scoop up just about any residence for the right price. You might be tempted to hire an agent to market your home and, in many cases, this is a very viable option. However, please remember that the real estate agent will take a commission from your home’s sale price which might be more than you can afford. Companies that buy houses in Oklahoma City will work with you, so you don’t need an agent. The sale can be quick and stress-free when cash is involved. Also, if you do not have to pay a real estate agent’s commission then there is room to shave off the price, so the house becomes more appealing to cash buyers.
Should You Try to Upgrade Your Home?
You might be wondering if you should try to upgrade your home to attract cash buyers. The answer is that it depends. You should only invest in an upgrade if there is a high return on your investment. Sure, installing granite counter tops in the kitchen might look amazing but will you recoup the expense? Probably not. In fact, you could lose money on such high-end upgrades. Usually, the only upgrade you should perform is a fresh coat of completely neutral paint, perhaps new carpeting if the old is badly stained or frayed, and landscape upkeep/trimming. Such low-cost upgrades make a fantastic first impression and will not put you in a financial hole. Some people opt to replace the doors and hardware on their cabinets without replacing the whole cabinet as an economical option to give a kitchen or bathroom a quick and inexpensive face lift.
Who are Companies That Buy Houses in Oklahoma City?
Cash buyers can be a company or an individual. They do not require lender financing but can quickly purchase your home outright. If you want to sell your house fast Oklahoma City cash buyers are your best bet. With a cash sale, closing timelines are very flexible and fast. This is great if you cannot wait for the money from a buyer that must seek financing which can take several months to close. Remember, all investors have their own set of criteria that they use when deciding if they want to purchase your home and the price that they are willing to pay. A house that works for one buyer might not fit another buyer’s needs.
Types of cash buyers include the following:
- Buy and Hold Investors: These cash buyers often purchase a home and keep it long-term as a rental property. Some are individual investors and others are institutional investors who purchase 10 or more rental properties every year. A buy and hold investor usually offer very flexible closing dates and might give you the best cash price on your home compared to other types of buyers.
- House Flippers: A house flipper might not give you the best deal on your home because they plan on sinking plenty of dollars into the residence and then they need to sell it to make a profit. They are typically interested in homes in very poor condition that are selling for a cheap price.
- iBuyers: An iBuyer is an instant buyer that relies on automated valuation models (AVMs) to make a competitive offer on your home. In most cases, they buy homes that are in decent condition and steer away from homes that require a lot of repairs. An iBuyer relies on technology and tends to work in high values.
Setting Your Home’s Asking Price
Currently, the real estate market in Oklahoma City is very competitive. A buyer will always consider the comparable (comps) in the neighborhood in order to arrive at a genuine asking price. Pricing your home high might work if your house is financeable but you will have to wait for the right buyer, and it can take time. In addition, you’ll need to consider the time it takes to close. Most cash buyers want to purchase a house that is priced below the comps. On rare occasions, you can find a cash buyer to perhaps pay you comp price. Look at your neighborhood comps that display the recently sold homes in the area and then set a realistic price.
Beware of Home Buying Scams
It is important that you pick a respectable cash buyer that operates legitimate services. Sadly, there are home buying scams, so it is imperative that you remain vigilant. You never want to appear desperate. A common scam is referred to as the classic ‘bait and switch.’ A buyer will explain their buying plan and you will reach a verbal agreement. The buyer will then promise to have the papers drawn up so you can sign them. When they bring the papers for you to sign the wording does not outline the verbal agreement. Many people do not take the time to read the pages of legal writing and simply sign. Sadly, they might be signing a totally different agreement. In many cases, the sale price, mortgage terms, or ownership have been significantly altered. If you do not take the time to read the fine print, then you can quickly sign away a great deal of money or make some other misstep that cannot be easily rectified.
Selling your house fast for cash has never been easier. We buy houses Oklahoma City citywide. If you are selling, then please contact us. We buy houses for cash reviews. Our entire process is uncomplicated and upfront. We offer fair prices and an easy, hassle-free purchase. Please contact us today if you want to sell your house for cash.