It’s been said that selling your home can be more stressful than many other major life events. When you’re under duress and need to sell quickly, additional strain is added to the mix. We’ll help you by exploring your options when selling your house in Oklahoma City.
Exploring All of Your Options When Selling Your House in Oklahoma City
Selling Your House with a Listing Agent
If you’re considering selling your house In The Village, Oklahoma, you may want to explore the traditional method of hiring a professional real estate agent. However, keep in mind that agents typically charge a percentage of the sale price, in addition to other fees that may be charged by the agent or their broker. The current market conditions can also affect your asking price, especially in a demand-driven market.
Working with an agent means you’ll need to make updates and repairs to your home before showings and wait until the right buyer comes along. The buyer may require inspections, and you may need to make repairs before closing. There is also the possibility that the buyer won’t qualify for a mortgage, even after you have gone through all the steps to meet the bank’s qualifications and waited for the mortgage underwriting process and property inspection.
Cash Offers and Direct Sales
Professional buyers typically offer cash, which means a quick closing on your house in Oklahoma City. With a direct sale, the property is sold as-is, which speeds up the process even further and saves you both time and money. Plus, you are relieved of any legal responsibilities associated with disclosure.
Keep in mind that while professional buyers offer faster cash sales and usually pay the closing costs, their offers are typically lower than what you could get from selling the property as a For Sale By Owner (FSBO) or listing it on the Multiple Listing Service (MLS). Be cautious when dealing with potential buyers, as some may try to take advantage of your time or financial constraints. At Koni Capital LLC, we pride ourselves on offering fair and well-thought-out offers to homeowners.
For Sale By Owner
Selling a house in Fast In Bethany, ok on your own may sound appealing because you will be controlling everything. Professionals, such as real estate agents or auctioneers, charge fees for their services, cutting into your profits. Should you be experienced regarding legal issues where real estate advertisements and transactions are involved, you can save a great deal of money on the deal. However, it can be extremely costly and legally devastating to make an error on either advertising or how you handle all of the aspects of your sale with the buyer.
Short Sale
Depending on the circumstances you find yourself in, you may be able to negotiate a short sale with your lender. You will want to note that this is a very slow-moving process which means that the lender has agreed to allow a sale for less than the remaining debt on the loan.
Auction
When it comes to auctions, the benefit of avoiding the hassle of showing your house is a major plus. Another advantage is the quick closing, where the property is sold as-is, saving you time and money on repairs and maintenance for your house in Oklahoma City. However, it’s important to note that the usual fee for this service is a high 10% of the final purchase price. Since this fee is usually charged to the buyer, it may result in lower bids to reduce the cost. You should be aware of this fee ahead of time as it reduces your bottom line. Also, keep in mind that there is no guarantee of a sale at the auction, especially if there is low attendance or if multiple properties are up for auction simultaneously, which may result in lower bids. Contact Koni Capital LLC today at (470) 670-0087 or send us a message to learn more about all of the options available for selling your house in Oklahoma City.