Selling your home in Oklahoma City can be an exhausting process, especially when your property needs repairs, and you’re short on time or money. That’s where “We Buy Houses” OKC companies come in, offering a quick, all-cash solution to your property problems.
These firms buy homes in any condition, making it easier for you to sell your house without the need for costly repairs or lengthy wait times. If you’re in a tight spot, these businesses can provide you with immediate relief through a cash sale, allowing you to focus on what matters most as you plan your next move.
In this guide, we’ll explore the pros and cons of working with house-buying companies in OKC, identify some local firms, and compare options to help you make an informed choice.
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Working with house-buying companies in OKC
For a faster sale in Oklahoma City, many homeowners choose to work with house-buying companies. These buyers make quick cash offers and close on your schedule. Let’s take a closer look at the process of selling your house for cash:
- Contact the company: Reach out to a reputable We Buy Houses company in OKC. You can do this by phone, email, or through their website. Provide basic information about your home, such as location, size, and condition.
- Schedule a home assessment: The company will arrange a time to visit and inspect your property. This assessment allows them to determine the home’s value and the potential offer price.
- Receive a no-obligation offer: After evaluating your property details and market conditions, the company will typically make a cash offer within 24 to 48 hours. This offer is usually below market value, but it’s presented quickly and requires no repairs or staging.
- Accept the offer: If the offer meets your needs, you can accept it. However, note that you’re under no obligation to do so. If you do decide to take it, the house-buying company will then proceed with the purchase process.
- Provide documentation: You’ll need to provide some documents, such as proof of ownership and mortgage details, for the transaction to proceed. The company will typically handle the majority of the paperwork.
- Schedule a closing date: The company will work with you to set a closing date that suits your timeline. Closings can often occur within a week, but you may request a later date if needed.
- Close the deal and move out: On the agreed-upon closing date, you’ll meet with the company representatives and a title company or attorney to sign the final paperwork. You’ll receive the agreed-upon cash payment, and the company will take ownership of your home.
Popular We Buy Houses for Cash companies in OKC
If the process of selling to a house-buying company in OKC sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some of the top companies that will pay cash for your Craftsman house or your parents’ ranch-style home. By working with one of these firms, you should be able to sell your Oklahoma City home in as little as a week or two.
OKC House Buyers
OKC House Buyers offers a reliable option for homeowners dealing with challenges such as foreclosure, inherited properties, or unwanted real estate. It simplifies the selling process by purchasing homes directly, eliminating the need for repairs, listings, or agents.
Within 24 hours, sellers receive a competitive all-cash offer, providing immediate certainty. Transactions can be completed in as little as seven days, enabling homeowners to move on more quickly.
Locations: Oklahoma City and nearby areas
Closing costs: Sellers pay no closing costs; OKC House Buyers covers them.
Backed by strong client reviews, OKC House Buyers has earned a 4.6-star Google rating. Past clients commend the company’s clear communication, on-time appointments, and smooth process. Out-of-state sellers especially like how simple and hassle-free the whole transaction was.
Clients likewise noted the fair prices offered, as the company helped homeowners in difficult situations, whether it was job loss, an inherited home, or a rental property. The easy, straightforward transactions ensure a smooth process, and the team takes the time to guide sellers with patience and understanding.
Website: okchousebuyers.com
Phone number: 405-603-0779
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Oklahoma City (and across the country) can request a cash offer for their home. It connects you to one of the largest networks of cash buyers in the U.S.
Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Oklahoma City.
With this platform, you can get a no-obligation, all-cash offer in 24 hours, and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Oklahoma City
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been accredited by the Better Business Bureau (BBB) since 2019 and now holds an impressive A+ rating. The company has 4.8 stars on Google based on hundreds of user reviews.
Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks, and what he thought of the process overall.
Website: homelight.com/simple
Phone number: 844-488-8455
House Kings Home Buyers
House Kings Home Buyers is a private real estate investment firm that purchases single-family and multi-family properties throughout the Greater Oklahoma City area. Its efficient four-step process is designed to simplify home sales, providing homeowners with cash offers within 24 hours.
The company purchases properties in any condition, whether pristine, distressed, or outdated. It’s capable of closing transactions in as little as three days.
Locations: Oklahoma and Tulsa metro areas
Closing costs: Sellers pay no closing costs; House Kings Home Buyers covers them.
Recognized for its transparent and fair dealings, House Kings Home Buyers has been BBB accredited since 2019 and currently holds an A+ rating. On Google, its profile reflects a high 4.5-star average rating, reflecting the high-quality service offered to clients.
Reviewers praise the company for its commitment to delivering on promises, emphasizing that the staff follows through on their words. One client expressed relief at avoiding time-wasting interactions, while another highlighted the seamless and efficient experience from start to finish.
Website: housekings.com
Phone number: 405-233-8831
OKC Property Buyers
OKC Property Buyers offers a simple way for homeowners in Oklahoma City and the surrounding areas to sell their houses as-is, without repairs, fees, or Realtor commissions. The team provides fair cash offers within 24 hours, giving sellers a quick and transparent option.
Homeowners often close in less than 14 days, with the flexibility to choose their preferred date. By handling the details from start to finish, the company makes the selling process smooth and stress-free.
Locations: Throughout Oklahoma
Closing costs: Sellers pay no closing costs; OKC Property Buyers covers them.
OKC Property Buyers has been BBB accredited since 2020 and holds an A+ rating. Its Google Business Profile features a high customer review score of 4.8 stars.
Clients praise the company for helping them navigate the challenges of selling an inherited home, providing support and a seamless process. Homeowners with fixer-uppers expressed appreciation for the company buying properties in any condition, with no repairs or renovations needed.
Website: okcpropertybuyers.com
Phone number: 405-252-9880
We Buy Houses OKC
Founded in 1997, We Buy Houses is a national homebuying network with independent franchise offices across the country, including Oklahoma City. It buys single-family homes, condos, land, and other types of real estate.
Once an offer is accepted, the company sets the closing date, and sellers can expect to close within seven to 14 days on average. We Buy Houses OKC also works with foreclosures, sellers behind on payments, short sales, landlord-tenant situations, and vacant properties.
Locations: Nationwide, including Oklahoma City
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
Since 2020, We Buy Houses OKC has been BBB accredited, and now, it holds an A+ rating. Its Google Business Profile has a 5.0-star rating, with a client commending the company for its honesty and transparency.
Website: webuyhouses.com
Phone number: 405-757-2507
Express Homebuyers OKC
Express Homebuyers, established in 2003 and headquartered in Virginia, is a nationwide real estate investment company that specializes in purchasing homes in any condition, including those with fire or water damage. With over 4,000 properties acquired to date, the company has earned a reputation for providing swift, reliable solutions for homeowners seeking to sell quickly.
The team delivers cash offers within 24 hours of initial contact and can finalize the sale in as little as seven days. Their streamlined process eliminates traditional obstacles, making it possible to close without the delays of repairs, inspections, or agent fees.
Location: Throughout Oklahoma City
Closing costs: Sellers pay no closing costs; Express Homebuyers covers them.
Express Homebuyers is a BBB-accredited company with an A+ rating. Based on more than a hundred reviews, it has 4.4 stars on Google.
One customer shared that Express Homebuyers made selling their rental property quick and easy, with a staff that was extremely helpful throughout the process. Even with a renter in the house, the company adjusted the closing efficiently, leaving the customer confident enough to recommend them to anyone selling a home as-is.
Website: expresshomebuyers.com
Phone number: 877-804-5252
Why sell your OKC house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Oklahoma City, selling a home on the open market using an agent typically takes about 74 days. That includes an average of 33 days on the market, from listing to signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in OKC, and it’s clear why these cash-for-homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Let’s take a brief look at some of the most common reasons OKC homeowners choose to sell their properties to a We Buy Houses for Cash company.
- Significant repair issues: Your home may have substantial issues, such as foundation problems or water damage, that are costly and time-consuming to fix.
- Urgent need for cash or quick relocation: Whether due to divorce, medical expenses, job relocation, or other life changes, you may need to sell your home quickly.
- Lack of funds or desire for repairs: You may not have the money or inclination to make necessary repairs before selling your home.
- Traditional sale stress: Selling traditionally involves staging, showings, negotiations, and a lengthy sales process, all of which you may want to avoid.
- Privacy concerns: You may prefer to sell your property privately, off-market, to a cash buyer rather than list it publicly.
- Foreclosure prevention: Selling your home for cash can help you avoid foreclosure and settle debts with your lender before your credit history is negatively affected.
- Unwanted inheritance: You might have inherited a property that you want to sell quickly and easily without dealing with the traditional sales process.
- Relief from rental property management: As a landlord, you may want to sell a rental property, particularly if you’re dealing with problematic tenants.
- Elderly homeowners: Selling for cash can be a convenient way to fund a senior homeowner moving in with relatives or into a care facility. The quick, simple sale can ease the burden on family members.
- Remote home sale: If you’re planning to sell your house from out of state, a quick cash sale can offer the convenience and ease you’re seeking, removing the need to travel back and forth.
If any of these situations resonate with you, a cash offer from a We Buy Houses company might be a viable option. However, it’s essential to view this as a starting point in your search for the best solution. Understanding your options, including the pros and cons of house-buying companies, will help you make an informed decision.
Pros and cons of house-buying companies in OKC
When considering selling your OKC home to a house-buying company, it’s essential to consider the pros and cons. These companies offer the advantage of speed and ease, buying your house as-is without the need for repairs or preparations. However, this convenience can come at a cost.
Pros of house-buying companies
For many homeowners, the following benefits make selling to a house-buying company an attractive option:
- Quick sales: One of the most significant advantages is the speed of the sale. House-buying companies often make an offer within a few days and can close the deal in as little as a week.
- Zero repairs: These companies will purchase your home in any condition, so you won’t have to spend time or money on repairs or renovations.
- Guaranteed sale: Once you accept an offer from a house-buying company, the sale is almost guaranteed to go through, eliminating the uncertainty that often comes with traditional sales.
- Convenient transaction: Selling for cash means you can skip the hassle of showings, negotiations, and waiting for potential buyers to secure financing.
Cons of house-buying companies
On the other hand, there are some drawbacks to consider when selling your Oklahoma City home to a house-buying company:
- Lower offers: The most significant drawback is that these companies typically offer less than market value for your home. Their business model relies on buying low, making improvements, and then selling at a higher price.
- Fewer options: You may have fewer choices regarding the terms of the sale, as house-buying companies often have standardized processes.
- Lack of personal touch: Selling to a house-buying company can feel more like a business transaction than a personal experience, which may be off-putting to some sellers.
- Pressure tactics and scams: Unfortunately, some house-buying companies may not have your best interests in mind. In the face of a desperate home-sale situation, an unscrupulous business may apply pressure tactics. Other offers may not even be legitimate. It’s essential to do your due diligence and work with reputable buyers.
Vet cash buyers and know your home’s worth
When working with a house-buying company in Oklahoma City, it’s important to be vigilant of any shady tactics. Here are some brief guidelines to follow:
- Verify credentials: Confirm that the company is licensed and has a track record of successful transactions.
- Research market presence: Investigate the company’s presence and performance in the market to ensure stability and reliability.
- Check reviews: Look for reviews and ratings online to see what other sellers have experienced.
- Read the agreement carefully: Before signing, make sure you understand all terms and conditions in the buying agreement.
Consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer.
HomeLight can connect you with a top-performing agent in Oklahoma City. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your OKC home quickly
Working with iBuyers
iBuyers, or instant buyers, leverage automated valuation models to offer near-instant home value estimates and a mostly online home sale experience. They make competitive all-cash offers near market value for homes in good condition, with closings that usually take just a few days up to two weeks.
However, national iBuyers like Opendoor and Offerpad often charge service fees of 5% to 6% of the home’s sale price. These are usually a better choice for sellers in regions with homogeneous housing and homes in good condition.
Listing with an agent
In a seller-friendly market, listing your property with a seasoned agent could result in a fast sale at a higher price. HomeLight data shows that top agents sell homes for up to 10% more than average agents.
Trusted agents can offer a comparative market analysis (CMA) to help calculate your home’s value, which can estimate how quickly it might sell. Experienced agents may also connect you with buyers offering cash closer to market value.
Many agents offer a free CMA, helping you consider options and make an informed decision. If you’re interested in this route, use HomeLight’s Agent Match tool to connect with a top-performing agent in the OKC market.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
FAQs on OKC house-buying companies
By and large, most We Buy Houses for Cash companies in OKC are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the BBB website. Watch for anything that just doesn’t seem right.
Most We Buy Houses for Cash companies in Oklahoma City apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV), then deduct their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To see how this might work in a real-world scenario, let’s take a look at an example equation. Let’s say your Oklahoma City Craftsman could sell for $270,000 after repairs, but it’s going to need $30,000 of work to get there.
($270,000 x .70) – $30,000 = $159,000
In this example, an OKC We Buy Houses company might offer you about $159,000 for your home. However, different types of house-buying companies will offer varying amounts for homes.
As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from an OKC We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once the offer is accepted. On the other hand, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive is going to be the price you walk away with at the end of the deal. Of course, it’s always good to ask the company if program fees could affect your bottom line.
- Research and vet the house-buying companies that serve your OKC area. Our list above is a good place to start.
- Submit offer requests to a few companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.
We Buy Houses for Cash in OKC vs. top OKC agent
Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s explore various aspects of the sale and compare potential earnings.
Aspect of the sale | Sell to a We Buy Houses for Cash company in OKC | Sell with a top Realtor in Oklahoma City |
Selling timeline | 7 to 30 days | 74 days average; 33 to attract an offer; 41 to close the loan |
Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
Showings | None | 10 to 25 showings on average |
Inspections and repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
Appraisal | None | May need to lower your asking price if the appraisal comes in low |
Title search | Cash-for-homes companies often handle title issues | Must clear the title before you can sell the home |
Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
Agent commission | None | 3% to 6% of the home’s sale price |
Closing costs | None | 1% to 3% of the home’s sale price on top of agent commission |
Example net proceeds
Below, we’ve put together one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Oklahoma City is currently worth about $240,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $270,000.
Sell to a We Buy Houses for Cash company in Oklahoma City | Sell with a top Realtor in Oklahoma City | |
Estimated sale price | ($270,000 x .70) – $30,000 = $159,000 | $240,000 |
Market preparations | 0 | $2,400 (1% of the sale price) |
Agent commissions | 0 | $7,200 (3% of the sale price) |
Closing costs | 0 | $3,600 (1.5% of the sale price) |
Estimated take-home for seller | $159,000 | $226,800 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home.
What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. Selling on the open market in OKC could be a challenge in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Quick sales: Cash-for-homes companies in Oklahoma City offer fast transactions, usually closing within a few days to two weeks.
- No need for repairs: These companies buy homes in any condition, eliminating the need for costly repairs or preparations.
- Less than market value: These companies generally offer homes less than market value, aiming to profit from reselling them.
- Quick sale options: Consider alternatives such as iBuyers for homes in better condition, or listing with a top real estate agent for potentially higher sale prices.
- Due diligence: Before accepting an offer from a cash-for-homes company, vet the buyer, know your home’s worth, and consider all your options.
Sellers in OKC considering a cash-for-homes company should gather multiple offers and assess their options before making a commitment. Consult with a top Oklahoma City agent for expert advice on how quickly your property might sell and its potential market value.
At HomeLight, we are always here to assist you with your real estate needs, whether you’re looking for a cash offer through a trusted platform like Simple Sale or seeking a top OKC agent to help you sell your property quickly and at the best price. Let us help you make an informed and confident decision.
Editor’s note: This post is for educational purposes only. Links to and mentions of Oklahoma City “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Gerson Repreza / Unsplash)