How to Sell My House Fast in Oklahoma: Cash Offer Options

Pros and cons of selling to an Oklahoma house-buying company

To assist in your planning and decision-making, here’s an overview of the advantages and disadvantages of using an Oklahoma house-buying company:

Pros

• Sell fast: Quickly sell your home, ideal for swift transitions like relocations or job changes in Oklahoma.
• Skip repairs: Avoid the costs and hassle of making home repairs or improvements before the sale. With a cash offer, you can sell your home as-is.
• Easy process: The process is generally straightforward and far less complex than a traditional home sale.
• No staging or showings: Save time and stress by skipping home staging and numerous showings.
• Flexible move-out dates: Arrange your moving timeline based on your specific needs.
• No financing delays: Without a mortgage involved, there are no financing delays to worry about.
• Reduced or no closing fees: Many house-buying companies will cover closing costs, saving you money.
• Sale is guaranteed: Once you accept an offer, the sale is almost always guaranteed, with no contingencies.
• Can be a foreclosure solution: It’s a potential solution for homeowners facing foreclosure.
• Less work than a FSBO sale: There’s less legwork involved than selling your Oklahoma house on your own.
• Peace of mind: Swift cash sales can offer peace of mind in situations of financial hardship or urgent moves.

Cons

• Lower offers: Typically, cash-for-homes companies offer below market value.
• Less competition for your home: Without multiple buyers in the mix, the competitive bidding that can drive up your home’s price is absent.
• You give up control: House-buying companies usually dictate the terms of the deal.
• No negotiations: The price offered is generally non-negotiable.
• Can face hidden fees: Ensure you’re aware of all fees before accepting any offer.
• Not all companies are reputable: Some cash-for-homes companies may not have a strong track record.
• A potential risk for scams: Stay vigilant and do your research to avoid scams.

Paul Wheeler is a top-performing Oklahoma real estate agent who sells homes 65% quicker than the average Tulsa agent. For homeowners balancing these pros and cons, he recommends sellers place greater weight on retaining proceeds. “You’re going to get less for your home if you sell to a [house-buying company] compared to if you expose it to the entire market and let the market decide what they’re willing to pay.”

He advises homeowners to consult with an experienced local agent before making a commitment to a house-buying company.

Option 2: Hire a top Oklahoma real estate agent

If a quick house sale is your goal, partnering with a skilled Oklahoma real estate agent can be a wise decision. Armed with a deep understanding of the local housing market, these seasoned professionals can help you navigate toward a swift and successful sale. They take the reins on everything from staging to negotiating, potentially boosting your profit even when time is tight.

Let’s take a look at some of the current market conditions, the benefits of selling with a real estate professional, and how to find a top-performing agent in your Oklahoma area.

How fast are homes selling in Oklahoma?

In Oklahoma, the current statewide median days on market (DOM) for a listed home ranges between 56 to 64 days, depending on the home’s location, condition, and price. The DOM represents the time from listing to having a signed contract. In addition to the contract period, most sellers must also take into account the time until closing, which averages an additional 44 days a buyer needs to close on a purchase loan.

While these DOM estimates are typical in Oklahoma, Wheeler points out that sellers can expect faster results when they work with a highly skilled, experienced agent.

At his Tulsa brokerage, where he employs top-tier professionals, he notes: “While our market DOM is currently around 32 days, I think our team is [getting homes under contract] in about 14 days. We are generally about half of what’s normal using [our proven] strategies.” Wheeler will share some of those expert strategies in a moment.

Benefits of selling with a top Oklahoma agent

Working with a top real estate agent in Oklahoma can not only help you get a higher price for your home but also expedite the selling process. Let’s explore the benefits that a seasoned agent can bring to your home-selling experience:

• Ability to sell for more: Top agents understand Oklahoma’s market trends and can help you position your home optimally, potentially leading to higher offers.
• Can generate a speedy sale: Their extensive network and marketing strategies can help attract potential buyers more quickly.
• Accurate, effective pricing: Professional agents have the knowledge and tools to price your home effectively, leading to a faster sale.
• Professional negotiation skills: A seasoned agent can negotiate on your behalf, helping to close the deal quicker.
• Expert partner by your side: An experienced agent can guide you through each step of the selling process, ensuring a smoother and faster transaction.
• Will know what to fix and not fix: Agents can provide informed advice on necessary home improvements, helping you avoid costly and unnecessary repairs.
• Elevated marketing: Professional listing photos and targeted marketing can draw in more interested buyers, speeding up the sale.
• Contract savviness: An experienced agent will understand the intricacies of real estate contracts, preventing delays related to paperwork.
• Can manage documents and disclosures: The agent handles complex documents and disclosures, saving you time and hassle.
• Network of skilled professionals: Agents have connections with reliable contractors, attorneys, and other professionals, further streamlining the selling process.

“If you’re going to hire an agent, experience is everything,” says Wheeler, who has been serving home sellers and buyers for 31 years. “A huge percentage of people in the business right now have never seen a [housing market] shift like this, and don’t understand how to maneuver through it, so the experience is huge.”

How to find a top Oklahoma real estate agent

Finding the right real estate agent for your specific needs in Oklahoma can make all the difference. This is where HomeLight’s Agent Match platform steps in. By evaluating over 27 million transactions and thousands of reviews, we can pair you with top-tier agents in your Oklahoma market. Regardless of whether you’re buying or selling, let HomeLight be your guide to the best agent tailored to your unique needs.

Expert agent tips to help sell your Oklahoma house fast

Wheeler shares some expert insights on how to sell your Oklahoma home fast. Here are some of his key tips and best practices used by top-performing Sooner State agents:

• Price the home right: “The key to selling quickly is understanding pricing,” Wheeler emphasizes. “You need to know the trends in the market. Are the prices going up or down? A seasoned Realtor will provide a comparative market analysis (CMA) to determine the most effective selling price.
• Consider price point breaks: Wheeler also recommends strategic price point breaks for quick sales. “I can’t tell you how many homes I’ve seen that have been listed at $510,000, and then we reposition it at a price point break like $500,000,” which significantly expands exposure due to buyer search behaviors and budgets.
• Hire a marketing and home prep expert: “Your agent has to have a great marketing plan, and you need good staging,” says Wheeler. “For the last few years, we could sell anything in any condition at any price… now some improvements are necessary.”
• Apply style updates: As Wheeler notes, styles and preferences change over time. “If you haven’t made updates to your home for eight to 10 years, this can delay a sale. Colors change, styles change, and so we start seeing a decline in value.”
• Highlight outdoor living: Oklahomans love their outdoor spaces, especially for barbecues and outdoor gatherings. Showcasing patios, decks, and gardens can be a selling point.
• Cater to remote workers: With an increasing number of remote workers in Oklahoma, consider staging a space as a home office or workspace to appeal to this growing market.
• Get a pre-listing home inspection: Given Oklahoma’s susceptibility to extreme weather, a pre-sale inspection can reveal potential issues early on, providing assurance to buyers about the home’s condition.
• Tornado-proof your home: With an average of 67 tornadoes each year, investing in storm shelters or safe rooms can make your property more appealing to safety-conscious buyers.
• Use professional photography: High-quality images can make your Oklahoma home stand out amidst the competition. More than 41% of homebuyers start their search online.
• Consider timing: The Oklahoma housing market can be seasonal. Consult with your agent to pick the optimal time to list. For additional guidance, check out HomeLight’s Best Time to Sell Calculator.

Wheeler says an experienced agent will also help sellers form realistic expectations. “Our listing presentation should not be bragging about us,” he explains. “It should be teaching the sellers [the best] pricing strategies and how the local market works. This is the key to selling for top dollar and quickly.“

Implementing these strategies with a top Oklahoma real estate agent can lead to a faster and more profitable sale.

Ready to sell your Oklahoma house fast?

Whether you’re seeking a cash offer or engaging a top-tier real estate agent, the trick is to identify the optimal approach for your unique home-selling scenario in Oklahoma.

• When time is of the essence, a no-obligation cash offer via modern platforms like HomeLight’s Simple Sale can serve as the perfect solution.
• Alternatively, partnering with an experienced agent can list and market your home for a swift sale with higher proceeds. HomeLight can link you with a highly-rated agent in your Oklahoma market.

If you’re torn between a cash offer and employing an agent, consider both. Comparing a cash offer from Simple Sale with an agent’s opinion grants you a well-rounded perspective.

Equipped with knowledge, resources, and options, you’re well-positioned to navigate your fast home sale in Oklahoma.

Header Image Source: (Raychel Sanner / Unsplash)