Ready to sell your house in Oklahoma City or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Oklahoma City!
What many people don’t realize, is that there are many ways you can go about selling your home. You are not required to hire an agent, pay commissions, or even clean-up. In some situations, an agent is great. While in others, a direct sale to a private buyer of investor is the better choice. Keep reading to learn about the pros and cons of hiring an agent vs. selling to an investor in Oklahoma City!
Potentially Higher Sale Price
When you work with a Oklahoma City real estate agent, there is a chance you will receive a higher final sale price than if you would have sold directly. This is due to increased exposure and the opportunity to tell more people about your house. Keep in mind, your costs will also be much higher, so run the numbers ahead of time to find out if listing really is the right choice for you.
Handling The Details
When you work with a professional and qualified real estate agent in the Oklahoma City area, they are sure to take care of the paperwork, showing, and marketing of your home. When you opt for an FSBO listing you will have to handle these things on our own. With a direct sale to Local House Buyers , you can rest assured that we will handle all of the details too!
Cleaning & Showings
Putting a home on the MLS requires it to be thoroughly cleaned before it is put on the market or seen by any potential buyers. In some cases, you will need to hire a professional cleaning company or rent special equipment for things like carpets and sidewalks.
Not all agents are full service, leaving you with a laundry list of expenses to take care of. Some agents will only list the property, leaving you to handle the marketing, showings, open houses, printed materials, signage, and administrative costs. While this is included in some agent’s commission, in other cases, it is not.
It Can Take Months
When you work with a Oklahoma City real estate agent, there is no guarantee if, or when the property will sell. In some situations, the house can sit on the market for a long time. This leaves you with the insurance, property taxes, mortgage, and utility bills for many months to come.
Being Just One of Many Clients
Based on how busy your agent is with other customers, your home may not get the attention it needs. You need to be assured that you have an agent who can do his due diligence at any point of the selling process. The more busy your agent is, the more likely you would be to feel frustration at not getting your phone calls answered in a timely manner, missed deadlines, and missed offers.
Lack of Control
It may be easier to hand all the information and hard work over to an agent, but it also means giving up control. Agents have their own views, interests, and suggestions about how to sell your house, and you may not agree with them. Hiring an agent means you ‘re going to have to learn how to work together to get the result you want; compromise is going to be a big part of your life in this time.
Agents also have schedules of their own. Maybe you want your house to be sold within a month, but what if the agent is busy? It could be two, three, even five months before you’re actually selling! If your boss is on a schedule different from you, you ‘re going to have to deal with the fallout. An agent who hastens to sell or lags behind can cause a lot of problems that could be avoided by selling to an investor.
A Fast Sale
When you sell your house directly to Local House Buyers , you’ll be able to sell the property in days, not weeks or months. This can potentially save you thousands in holding costs. You will no longer need to pay for utility costs, homeowners insurance, property taxes, repairs, routine maintenance, and all the other expenses that come along with being a homeowner.
Selling to a company such as Local House Buyers will allow you to sell your Oklahoma City house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, helping you to keep a ton of money in your pocket.
Understandably, the real estate agent is not operating for free. If you list your home with an agent, you either pay a flat fee or, more generally, charge a commission on the basis of a negotiated percentage of the sale price – usually 6%. This means that if you’re selling a $150,000 home, your agent’s going to make $9,000 out of the deal. This percentage holds true whether your real estate agent is working on your behalf for a long time or appears to have little involvement.
Our process is simple and direct. You won’t have to deal with property showings, an unknown closing timetable, or delays in the transaction. Selling your Oklahoma City house doesn’t require you to spend money or live in limbo.
Ability to Avoid Foreclosure
When you’re behind on mortgage payments and your lender wants to foreclose your house, you ‘re in a stressful situation. Often it is possible to negotiate more favorable loan terms with your lender in the expectation that this will alleviate the financial pressure and that you will be able to keep your house in place. However, a change in the loan may not be accepted, and by the time your lender makes this decision, you will be further behind on your mortgage, which in effect raises the chance of foreclosure.
Investors Pay in Cash
Realtors will find you people who want to buy your house, but they can’t finance the buyer. Only a bank can do this. Most buyers don’t buy a home entirely in cash. They need the financial institution ‘s loan approval to purchase your home. Often the borrower enters the selling process and the loan is rejected. You ‘re going to continue all the process only to find out that the buyer can’t make the transaction after all.
Investors have capital of their own. They ‘re buying houses entirely in cash, so they’re never going to need to be accepted for a loan. What they’re offering you is what you’re going to get. Don’t think about hang-ups or complex scorching procedures. An all-cash buy makes things so much easier.
Investors Buy Homes in Bad Neighborhoods
Bad neighborhood doesn’t discourage investors from purchasing your house. Many investors don’t have the habit of selling quickly, they buy against the future. If your house is in a less than desirable neighborhood in Oklahoma City, consider selling to an investor. The investor is not going to live in your house. They don’t care about your neighbors or how loud things can get at 3 o’clock in the morning. Their aim is to buy your home and make it so beautiful that they can find a buyer who doesn’t care about it. They buy from you quickly, pay you in cash, and do a thorough job of redecorating the house before putting it up for sale. This way, you can move to a new location that fits your taste.
If you want to sell your house easily without all the hassle and difficult paperwork involved, it is very helpful for you to sell to an investor.
Investors Buy Homes As-Is
When your house is down, the realtor might not even want to deal with you. When they do, they can ask you to complete a list of repairs before they’re willing to list and promote your home. Investors are never going to demand that of you.
They ‘re already aware of what needs to be done when they buy your house. They ‘re trying to make an offer that represents what they’re trying to need to spend on maintenance. You will never be told to pay a bill or to lift a hammer in the whole process.
Investors are not disturbed by the severity of the damage. Your roof might be caving in, or you might be struggling with burst pipes. Water loss, fire damage and mold exposure are not a matter of concern when you deal for an investor. They’ve seen it all, and they’re going to partner with contractors to deal with the issues.
Lower Sale Price
Take this one with a grain of salt. While the final sale price will likely be higher when working with an agent and private buyer, the costs you encounter can completely negate these profits. Marketing, repairs, commissions, and closing costs will eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to Local House Buyers can be the more profitable choice.
We can help you decide whether hiring an agent or selling to an investor will be the right choice for you! Get in touch with us today to learn more! 405-395-2085
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