Cash for Oklahoma Houses - How We work
We buy Oklahoma houses in any condition. There are no fees or commissions. You can take advantage of our offer at no cost to you.
How Does Our Purchasing Process Work?
You present your property details to us
We will contact you to set up a time that is convenient for you.
We make you a reasonable, no-obligation offer.
We can close in as quick as seven days, if you accept the offer.
What you need to expect and when: We can supply you with a fair offer within one day of receiving your property address. In many cases, we can give you an offer in as soon as 8 minutes! Prepare and share pics so we can see the home’s condition so we can make the best offer possible. We attempt to close as soon as you accept our offer. The cash can take anywhere from 3 to 30 days to get in your hands.
It's Simpler To Sell Your House Than Ever
We buy houses across the whole state of Oklahoma. We are not Realtors. We do not use the Multiple Listing Service (MLS) to list our properties. As real estate investors, we are the ones who are purchasing your home. We also accept cash, which allows us to close quickly. If you collaborate with us, you will receive our entire offer. There are no fees, charges, or closing costs associated with this transaction.
Selling to us is the total opposite of selling through a real estate agent. We buy houses in their current condition and close quickly. We buy distressed properties and take care of any difficulties or repairs. We even purchase hoarder properties.
How do we purchase houses?
How the home-buying process works => In three easy stages, you’ll receive a cash offer. A cash offer for your home is much easier to obtain than you would think! That’s all we do: we buy properties. There are no agents, fees, or repairs. Here’s how to sell a house in three easy steps.
You may have a few critical questions concerning our simple process. These might have to do with how we buy houses for cash or how we work.
Here are some FAQs
- How does our home buying process work?
- What formula do you use to calculate an offer?
- What factors are considered for your cash offer?
- What details do you look at when purchasing a house?
- How long does the whole process take?
Keep reading for the answers to these questions.
How does our buying process work?
Our procedure is intended to be easy. We offer you a completely free cash offer with no conditions attached! Here’s a simplified version of our procedure.
- Fill out our form and include your contact info. Or, call us to get in touch with a team member.
- Once we have received your property details, our team will get to work on your cash offer. Our offers are free, we do not have any conditions when presenting our offer.
- If you like our offer or if it makes sense for your situation, great! However, if you have additional questions or concerns, we can always answer those as well.
That’s all there is when it comes to receiving a cash offer!
What do we consider when we buy houses?
Our team has extensive experience determining the worth of your home, and we always deliver the most competitive price available. We understand how important your house is to you, and we want to make you the greatest offer possible.
Our staff needs to look at some of your pressing demands to provide you with the finest offer:
- What is your preferred time frame for selling your home?
- What drives you to sell your home?
- What is the condition of your house?
- At what price do you value your house?
We will complete our cash offer once you have answered these questions. Because no two houses are the same, we do our best to look at the style, location and condition of your house and provide a strong quote.
What is the formula for calculating a cash offer?
“How much will I get for my house?” is the burning question. If you’ve come this far, you’re going to want to read on. There are, however, a few steps to follow, and once you comprehend them, you will have your answer. So let’s look at how much we can afford to offer on your home.
Our Home Buying Formula
To begin, we apply a formula to make things easier. We’ll go over each of the four parts of our formula. But first, let’s have a look at the formula:
ARV – REPAIRS – TRANSACTION COST – MINIMUM PROFIT = YOUR CASH OFFER
———————————————————————- ———————————————————————-ARV
To clarify, ARV stands for After Repair Value. The ARV represents what your house is worth as an absolute maximum, based on your local market. This value assumes no need for repairs or deferred management. It’s the retail worth of your home if it’s in good condition and shows well to potential purchasers.
REPAIRS
The fixes that a home requires to achieve ARV are, at best, subjective. It’s not always straightforward to figure out what kind of work you’ll be doing. When upgrading flooring, it’s not uncommon to discover foundation concerns. We may discover plumbing concerns when remodeling a bathroom. We put in a lot of effort to inspect a house before buying it to reduce our risk and make a better offer. The more confident we are in our repairs, the more services we can provide. In the worst-case situation, we’ll have to include some maybes in our proposal so that we can plan some ‘more work to be discovered.’
TRANSACTION COSTS
Although there are numerous transaction costs, they can be divided into several kinds. We have loan fees that we must pay to our lender. This would amount to 2-5 % of our entire renovation costs. Loan origination fees and interest-only monthly installments are included in the loan costs. The average realtor charge is 5%, half of that going to the buyer’s agent. Transaction costs are expected to be 15% of our total cost when everything is added up.
MINIMUM PROFIT
Of course, we must make money to continue our marketing efforts and support our families. Our profit margins vary, but we usually aim for a 15% profit margin. This also provides us with some price stability. We’ll be fine if we go over budget and still make 10%. We must be cautious because one large surprise might wipe off half of our gains. We can’t always receive a precise repair estimate, especially when dealing with hoarders. We always use cautious figures, but our 15 % profit estimate relieves the stress of not knowing everything before buying.
YOUR CASH OFFER
When we total up our transaction costs and our minimum profit, we get a 30 % difference between the two. So, ARV – 30% – Repairs = Your Cash is a simple version of our approach. Our offers are always firm and never contain any surprises. You get exactly what we promise. We pay for everything, and you will receive a check for the full amount. This is the allure of selling your home for cash.
Take a look at what we have to offer for your home…
What Affects Our Cash Offers
- Condition: What necessary repairs and upgrades are needed for the home to reach it's ARV? We look at the foundation, roof, electrical, plumbing, HVAC, kitchen, bathrooms, and flooring.
- Situation: Are there any code violations or tax liens? What is your timeframe to sell? Is the house in probate? Homes with bad tenants require some money to vacate. Homes in rural areas have labor challenges.
- Mortgage: What is the balance of your mortgage? It is a win-win if you can get some cash after your mortgage is paid off. If you owe too much, we can still help but only if you are open to creative options.
- Tenants: Bad tenants are a problem that we are actually good at. Some factors include the tenants' responsiveness and their willingness to work with us. Bad tenants can cost big, in terms of money as well as time. It can take up to a year to evict a bad tenant!
How long does it take to complete the process?
We close as quickly as possible! We strive to predict potential roadblocks and deal with them when they arise. We work nonstop to keep our promise to close quickly.
We will go to work as soon as you accept our offer. We gather all of the information requested by the title organization. This covers our purchase agreement and our EMD (Earnest Money Deposit). Any concerns that we are aware of at the time are addressed. We want to be aware of any potential issues before they cause a delay in closing quickly.
The title company examines the title to ensure that it is clear and transferrable. If there are any title concerns, they must be corrected before proceeding. We acquire our funding and conduct any property inspections on our end. We may invite a few partners and contractors to inspect the property.
The moment you’ve been waiting for has finally arrived! We complete the sale of your home, and you receive your cash! The full process can be completed in as little as seven days. Due to title concerns or require additional information, the average transaction will close in 10-28 days.