Why do Oklahoma City homeowners prefer cash house buyers?
An increasing number of sellers in the Oklahoma City area are selling to cash house buyers instead of selling the traditional way via a real estate agent. In today’s busy and hurried world, selling quickly and stress-free to a cash buyer is an attractive choice. But what exactly is a cash home buyer? What are the benefits that attract homeowners to selling this way? Let’s look at the advantages of selling to a cash house buyer and why it may be a good choice for you.
What does “cash home buyer” usually mean?
When you sell your house to a cash home buyer, they typically have a few different ways to secure the funds to buy your house. Some may have the full amount available in their bank account, while others use non-traditional financing options that aren’t tied to Federal Housing Administration (FHA) loans. This means that when a cash buyer purchases a house, it doesn’t have to meet the strict requirements that FHA loans impose, and they are able to buy houses “as is.”
While a "cash offer" doesn’t mean you’ll receive physical cash at closing, you can rest assured that the funds will be securely wired directly to your bank account. These types of house buyers are known for buying fast and allowing sellers to avoid the hassles of selling a house the traditional way.
What are the benefits of selling to a cash buyer?
Selling your Oklahoma City home to a reputable cash buyer offers many great advantages. Sellers enjoy the ease and convenience of selling this way, and they like that the selling process is typically easier, quicker, and has fewer hassles. According to Zillow, “cash sales often come with fewer contingencies, making the transaction smoother and reducing the risk of the deal falling apart." Here are some other reasons many home sellers are choosing to sell to cash buyers:
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Quicker sale and closing: Cash sales can typically close much faster than traditional sales. According to RocketHomes, “mortgage approval after preapproval averages 30–60 days.” The process can also be complicated and have a lot of factors to take into account. Alternatively, cash sales to a good home-buying company often close in as little as a few weeks. A quicker sale is great for sellers who are moving or need to close fast for other reasons.
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Sell “as is”: When you sell to a cash house buyer, you can skip making repairs and updates, therefore saving upfront on materials and contractors. Most cash buyers purchase houses in their current condition, which is great for selling a house that needs repairs or selling an inherited house that requires updates.
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Fewer contingencies: Traditional home sales often come with many contingencies, such as home inspections and appraisals. These contingencies can cause complications and delays. For example, if there is a “sale of current home” contingency, that means the buyer can back out of the sale if they can’t sell their current home in a certain amount of time. Cash buyers generally have few contingencies, streamlining the process and making it quicker and more predictable.
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No need for appraisal: When selling a house the traditional way, mortgage companies require an appraisal to approve the buyer’s mortgage loan. But cash house buyers don’t generally need appraisals, further speeding up the selling process.
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No staging or showing your home: When selling an Oklahoma City house the traditional way, open houses, showings, and staging are typically needed. This means keeping the house in tip-top shape for last-minute showings and having to leave the house for real estate agents to show it to potential buyers. Plus, according to HomeAdvisor, home sellers spend $755–$2,844 on home staging. When you sell your house to a cash buyer, you can skip these inconveniences.
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No commissions: In a cash house sale, it's a direct transaction with no real estate agents involved unless you choose to have one. This means you won't have to pay any commissions.
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Fewer holding costs: Since a cash sale is faster than a traditional sale, sellers can save on carrying costs such as insurance, utilities, and property taxes. According to Houzeo, Oklahoma City houses are currently sold in an average of 60 days from listing to closing, so carrying costs can be lower when selling to a cash home buyer.
Some of the hassles of traditional house selling
Selling a house the traditional way includes preparing the house for sale, which means making repairs, decluttering, depersonalizing, staging, hiring a professional photographer, and many other steps. Next comes hiring a real estate agent, listing your Oklahoma City house, showing the home, and negotiating offers. Cash sales allow sellers to avoid all these hassles and enjoy a stress-free and streamlined sale.
Team up with We Buy Ugly Houses® to sell your house.
If you’re thinking of selling your Oklahoma City house, we’re here to help. We provide an efficient, hassle-free selling experience with fast offers and excellent customer service, which is reflected in our amazing seller reviews. Selling to us means:
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No repairs needed: We buy houses in all sorts of conditions and in a variety of situations. There’s no need for expensive repairs, or even cleaning!
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Fast closing: We can sometimes close in as little as 3 weeks. If you need more time, we’ll do our best to arrange that.
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Transparent process: We believe in thorough and open communication, so we walk our sellers through our streamlined process step by step.
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No hidden fees: We charge no hidden fees or commissions, and we pay typical closing costs. Our offers are below market value in exchange for speed and convenience.
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Customer satisfaction: Customer satisfaction is our #1 goal, and our efforts are reflected in our extraordinary 95%* customer satisfaction rating nationwide.
Contact us for a free, no-obligation consultation.
Just reach out to us, and we’ll arrange a consultation at your Oklahoma City house with one of our friendly, local property specialists. We’ll take a tour and answer your questions, and we can sometimes give you an offer the same day. If you accept our offer, we can sometimes close in a matter of a few short weeks. If you need more time, we’ll do what we can to work with your schedule. Let us help you sell your house with our easy and hassle-free process. Contact us today!
