There’s a good probability that you’ve spotted some billboards advertising home-buying businesses if you’ve been driving about Oklahoma City.
We Buy Oklahoma City Houses! and “Cash For Your House” are common phrases they deploy.
Are These “We Buy Houses in Oklahoma City Companies” Credible?
How can I tell which of the many local home buying businesses is trustworthy and ethical?
Well, sometimes they all appear to be the same at first, but we’ll show you what to look for in a local house purchasing firm below before you decide to engage with them.
A legitimate and reputable profession that can benefit communities and home sellers in numerous ways is home buying and selling. However, a small percentage of home purchasers in every market are the ones that cast a negative light on the rest of us, just like in any other profession.
There are some very terrific, moral people who work to better their communities one house at a time.
Then there are the shady, dishonest individuals who prioritize their financial success over the welfare of their clients and who, as long as they were generating enough money, would sign the document to sell your own grandma while stabbing you in the back with the other hand.
They do exist, indeed.
In order to work with trustworthy, moral, and respected local businesses that can buy your house for a fair all-cash offer and close on your timetable, we’ll assist you steer clear of these “shady house buyers.”
But let’s not dwell on the bad—at least not just yet.
Let’s first discuss the specific strategies used by the top house flips.
What Reputable Oklahoma City House Buyers Are Doing
- Helping people obtain the money they require immediately in order to improve their lives. People frequently require the cash in their home to pay for unforeseen medical costs or to move closer to a relative. We provide peace of mind and can make that happen in a matter of days.
- Assisting owners in getting rid of a burdensome property without the inconvenience of having to market it with a broker and wait for a sale for a long period of time
- Creating jobs close to home. Along the route, we work with several different people, including plumbers, electricians, brokers, title agents, loan officers, administrators, and many more. From beginning to end, 86 people are involved in a typical real estate transaction. Our investments assist in generating actual jobs for residents of Oklahoma City. OK.
- Purchasing US goods. We spend a lot of money on materials that are produced right here in the United States, which supports a variety of employment in our distribution centers, supply stores, factories, and more. The US economy depends on continuous growth, which necessitates investment from people like us.
- Increasing the neighborhood value in Oklahoma City. When we make improvements to a home, we contribute to raising the overall value of the neighborhood. Repairing damaged and abandoned homes into lovely family homes is something we do frequently. That activity helps Oklahoma City grow.
- Building up the tax base. One of our properties will be sold to a new buyer who will pay a higher tax rate in accordance with the increased value. Our schools, police, fire, libraries, streets, and other important pieces of infrastructure are funded in part by those taxes. once more, enhancing our neighborhoods.
Really cool stuff, right?
Many people consider house flipping to be a quick-riches gimmick. That is encouraged by ridiculous “reality” programs that increase the drama because what we actually do on a daily basis is actually quite uninteresting.
The majority of our job involves working with numerous people to coordinate activities and ensure timeliness. We have a lot of moving elements to keep track of.
Now let’s return to how you may utilize this information to determine whether a person is a real investor or whether they are merely operating a house buying scam.
How To Make Sure You’re Dealing With A Trustworthy Local House Buyer
Ask them some of the questions listed below when you speak with a local house buyer about the possibility of selling your home to make sure they are respectable, informed, and truthful.
Ask open-ended questions like:
- How do you help your clients?
- What do you do for people?
- Can you tell me more about your services?
- What aspect of your business makes you the proudest?
- How would you describe your investment philosophy?
- How can I know that you’ll close on my house when you say you will?
Second, watch out for telltale signals of the strategies that select few dishonest operators prefer to employ.
- “Kitchen table closings”: Be wary if a prospective buyer asks you to transfer ownership of your home to them at your home rather than a formal location like a closing attorney’s office or title company. The majority of trustworthy house-buying businesses will handle the actual closing of the sale at a third-party location that is impartial, such a title company. This makes sure everything is done correctly and honestly.
- Pressuring you into a quick closing: Be wary of any home buyer who tries to get you to sell your home by insisting that you must make a choice right away. Most trustworthy house-buying businesses will present you with an offer, and you’ll have a minimum of 2–7 days to decide on it. We buy multiple houses a month and when we make you an offer, we’re assuring you that the cash to purchase your house is ready and we’ll reserve that cash for several days so that if you do want to sell your house, we can close on your schedule. This is why reputable house buying services like ours at 12 Point Homes do place deadlines on our offers because the market changes and values can change week to week depending on other sales in the area. If you decide the offer isn’t right for you, we’ll transfer the money to aid another seller in selling their house.
The majority of con artists prefer a rapid result rather a thorough interview.
They’ll probably come up with an excuse to end the call and switch to someone who doesn’t ask too many questions.
True business owners, on the other hand, are constructing long-term enterprises built on interpersonal connections and neighborhood improvement.
Therefore, never be hesitant to ask questions while you’re looking at one of the “we buy houses in Oklahoma City companies”!