4 Top We Buy Houses for Cash Companies in Tulsa
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Richard Haddad Managing EditorClose
Richard Haddad Managing EditorRichard Haddad is the managing editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
Navigating the housing market in Tulsa can be challenging, especially when faced with an unexpected need to sell quickly. “We Buy Houses” companies in Tulsa present homeowners with a promising solution: all-cash offers for homes, even those that require some significant TLC.
For homeowners like you, who might lack the time, desire, or financial resources for repairs, these cash offers pave the way for a rapid sale, allowing you to swiftly move on with your life’s next chapter. However, is selling to a Cash-For-Homes company the right choice for your unique situation?
This post will help you get a clear picture of how Tulsa house-buying companies work, who will purchase your property, and the pros and cons of using an Oklahoma We Buy Houses business. Whether you’re dealing with an urgent situation or merely exploring your options, you’ll be prepared to make an informed decision.
Sell Your House Fast in Tulsa With a Cash Offer
Get an all-cash, no-obligation offer on your Tulsa home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Tulsa.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Tulsa area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Tulsa
Making the decision to sell your home is significant, and for those in Tulsa looking for a swift sale, house-buying companies can offer a streamlined approach. Here’s a step-by-step guide illustrating how the process generally works:
- Research reputable companies: Look for house-buying companies in Tulsa with solid reviews, good reputations, and local knowledge.
- Contact the company: Reach out to your chosen company, providing them with details about your home. Most companies will offer a free, no-obligation evaluation.
- Receive an offer: After evaluating your home, the company will present you with an all-cash offer, typically below market value to account for repairs and resale margins.
- Review the terms: Go through the offer and any associated contracts. Ensure you’re clear on the terms and ask questions if needed.
- Accept or reject: If you’re satisfied with the offer, accept it. If not, you are under no obligation. You’re free to explore other companies or selling options.
- Close the sale and move on: Once terms are agreed upon, the company will manage the closing process and complete the deal. You can now focus on your next steps, be it relocating, investing, or other life plans.
Popular We Buy Houses for Cash companies in Tulsa
If the process of selling to a house-buying company in Tulsa sounds good to you, it’s time to find a legitimate business you can trust.
We’ve compiled some of the top companies that will pay cash for your parents’ bungalow home or your craftsman-style house. By selling to one of these companies, you should be able to sell your Tulsa home in as little as a week or two.
Sell Your House Tulsa
Rick Martinez of Sell Your House Tulsa is a local home buyer who aims to provide a stress-free and honest solution for homeowners looking to sell their houses quickly. He focuses on creating a win-win scenario and strives to offer fair cash deals. Rick understands that each homeowner’s situation is unique and offers flexible and fast closing options. With 11 years of experience in renovating real estate properties in Tulsa and Broken Arrow, Rick and his family are dedicated to fixing up properties for rent or sale.
Locations: Greater Tulsa area
Closing costs: Sellers pay no closing costs. Sell your house Tulsa covers them.
Sell your house Tulsa has a 5.0-star rating on Google. One client praises Rick’s fair pricing for their property and recommends the company for those not looking to invest time and effort into fixing up their lived-in home. The process was fast, and Rick proved to be reliable and accommodating to the client’s needs. Another client highlights Rick’s exceptional kindness and responsiveness. He consistently went above and beyond, even during weekends and family time at the movies. The overall process was swift and pleasant.
Website: sellyourhousetulsa.com
Phone number: 918-297-6222
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Tulsa (and across the country) can request a cash offer for their home. Simple Sale connects you to the largest network 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 Tulsa.
With Simple Sale, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Tulsa
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB accredited with an A+ rating. The company has 4.6 stars on Google based on more than 500 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.
Learn more: homelight.com/simple
Phone: 844-488-8455
We Buy Houses Tulsa
Founded in 1998, We Buy Houses is a national homebuying network with independent franchise offices, serving more than 200 markets in over 30 states. They buy single-family homes, condos, land, and other types of real estate. The process includes the seller providing initial information on the property, then they send a representative out to view the home and make an offer. Once an offer is accepted, the company sets the closing date, and sellers can expect to close within 7-14 days on average. We Buy Houses also works with foreclosures, sellers behind on payments, short sales, landlord-tenant situations, and vacant properties.
Locations: Nationwide, including Tulsa, Oklahoma
Closing costs: Sellers pay no closing costs. We Buy Houses covers them.
We Buy Houses has been BBB accredited since 2020 and holds an A+ rating. Customer reviews for We Buy Houses speak to reliability, responsiveness, and fairness. Reviewers express that it was a quick and easy process and an overall great experience.
Website: webuyhouses.com/OK/Tulsa
Phone number: 918-739-6777
Express Home Buyers Tulsa
Founded in 2003 by Jud Allen and Brad Chandler, Express Homebuyers addresses challenges like divorce, foreclosure, and inherited property by offering a simple 3-step process. They provide fair cash offers, eliminating broker commissions and long closing processes. Covering closing costs and offering moving assistance, the company’s experience and personalized service simplify selling homes directly, aiding sellers in moving forward hassle-free.
Location: Throughout Oklahoma
Closing costs: Sellers pay no closing costs; Express Home Buyers covers them.
Express Homebuyers is a BBB-accredited company with a B+ rating. The company currently has 4.2 stars on Google. One satisfied customer had a great experience with the company, mentioning that the entire staff was extremely helpful. They sold their rental property to Express Homebuyers. Despite having a renter in place, Express Homebuyers efficiently moved up the closing when the renter left early. The customer appreciated the quick and easy process and recommended Express Homebuyers to anyone planning to sell their home as-is.
Note: The BBB site reports a resolved complaint brought against Express HomeBuyers by the Office of the Attorney General for the District of Columbia (OAG). The lawsuit alleged that the company sent letters to DC homeowners falsely claiming that they owed past due property taxes and urging them to act quickly so they would not lose their home to a tax sale or foreclosure. In December 2022, Express Homebuyers paid a fine and entered into a Consent Order with the OAG that settled the allegations.
Website: expresshomebuyers.com/oklahoma
Phone: 877-804-5252
Why sell your Tulsa house for cash?
There are plenty of valid reasons a Tulsa home seller may choose to work with a We Buy Houses company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Tulsa, it typically takes around 78 days to sell a home on the market using an agent. That includes an average of 35 days on the market, plus the typical 43 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in Tulsa, 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.
Here are some common scenarios where selling your Tulsa house for cash could be a fitting solution:
- Immediate life changes: You may need to move quickly because of sudden life events such as a job transfer, divorce, or unforeseen medical emergencies.
- Home disrepair: Perhaps your Tulsa home shows wear and tear, like foundational issues due to the city’s notorious soil structure caused by heat, drought, and flooding.
- Lack of funds: You might not have the capital or the inclination to undertake necessary home improvements.
- Avoiding the hassle: For some, dodging the stress and complexities of preparing the home, scheduling visits, and negotiating seems desirable.
- Preserving privacy: Opting for an off-market sale to a cash buyer can ensure your sale remains discreet.
- Foreclosure looming: Selling swiftly to settle debts can prevent further damage to your credit history amidst foreclosure threats.
- Inherited properties: You’ve inherited a property in Tulsa and desire a hassle-free method to divest.
- Landlord fatigue: Maybe you’re tired of managing rental units or want to rid yourself of a troublesome tenant.
- Aging homeowners: Older individuals downsizing or moving to assisted living facilities might prefer a rapid sale to fund the transition or to alleviate family responsibilities.
- Out-of-state living: Living elsewhere can make handling a Tulsa property cumbersome. A fast, cash sale can resolve this predicament.
If you’re grappling with any of these situations, a cash offer from a Tulsa We Buy Houses group might be the lifeline you’re looking for. Yet, it’s prudent to see this as just an initial step in exploring solutions. There are pros and cons to consider.
Pros and cons of house-buying companies in Tulsa
Navigating the decision to sell to a house-buying company in Tulsa requires an understanding of both the advantages and drawbacks.
Pros
When considering the upsides, speed and convenience take center stage. The allure of not having to deal with house repairs or preparations is also significant for many homeowners. Here are the primary benefits at a glance:
- Quick sales: House-buying companies in Tulsa can expedite the sale, often closing within days or weeks.
- As-is condition: No need to invest in repairs or enhancements. These companies will purchase your home in its current state.
- No additional fees: Unlike traditional real estate sales, there are typically no commissions, closing costs, or hidden fees.
- Flexibility on closing: Many companies provide a flexible timeline, allowing you to choose your closing date.
Cons
Conversely, it’s paramount to recognize the downsides. Most notably, these entities will present an offer below your home’s potential market value, especially when compared to a sale mediated by a seasoned real estate professional. Let’s examine some of the drawbacks:
- Below-market offers: Companies prioritize profit, which often means a lower offer for your property than what might be obtained on the open market.
- Little or no negotiations: The price offered often has limited wiggle room for adjustments or negotiations. More often than not, it’s a take-it-or-leave-it offer..
- Possible hidden terms: Some companies might embed unfavorable terms in their contracts, so it’s crucial to read everything carefully.
- Pressure tactics or scams: While the long-established We Buy Houses companies in Tulsa are typically trustworthy, other groups may use pressure tactics to take advantage of your urgent situation. There can also be a risk of scams. It’s important to vet each company you’re considering.
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.
Vet cash buyers and know your home’s worth
Embarking on a journey with a We Buy Houses for Cash company in Tulsa can be both exciting and disconcerting. While many such companies operate with professionalism, your experience largely depends on the integrity and character of the business or individuals making the offer. It’s essential, then, to vet them meticulously. Dive into reviews, scour testimonials, and gauge their standing and track record in the Tulsa community.
Furthermore, always be astute when it comes to paperwork. Remember, the devil is often in the details. Before you ink any deal, meticulously review the buying agreement to ensure you’re fully apprised of all terms and that they align with your expectations and needs.
HomeLight suggests you consult with an experienced Tulsa real estate 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 your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your home quickly
iBuyers
National iBuyers, like Offerpad and Opendoor, offer near-instant home value estimates using automated valuation models (AVMs), resulting in a streamlined online sale process. Typically, they provide offers closer to market value for homes in good shape, completing sales within days to two weeks.
However, their service fees usually range between 5%-6%, and they best suit areas with consistent housing types in decent condition.
Listing with an agent
While seeking a swift home sale, don’t underestimate an experienced real estate agent. In seller-favorable markets, a top-performing Tulsa agent can ensure a rapid sale with strategic pricing and marketing. HomeLight data shows that homes listed with the top 5% of agents fetch prices up to 10% higher than average agents.
Agents also offer invaluable insights via a comparative market analysis (CMA), a tool assessing your home’s value by comparing it to recent local property sales. This analysis helps gauge your home’s listing price, predicting sale speed. Many agents provide a CMA free of charge, assisting you in evaluating all selling avenues.
Some agents might even have ready cash buyers offering near-market values. Should you wish to explore this path, HomeLight can connect you with a leading Tulsa agent.
FAQs on Tulsa house-buying companies
By and large, most We Buy Houses for Cash companies in Tulsa 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Tulsa We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value, minus 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 offer equation. Let’s say your Tulsa bungalows, craftsman, traditional, and ranch-style homes could sell for $250,000 after repairs, but it’s going to need $30,000 of work to get there.
($250,000 x .70) – $30,000 = $145,000
In this example, a Tulsa We Buy Houses company might offer you around $145,000 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 iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from a Tulsa We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one side, 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 side, 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 a good idea to flat-out ask the company if there are any hidden program fees that might impact your bottom line.
- Research and vet the house-buying companies that serve your Tulsa area. Our list above is a good place to start.
- Submit offer requests to a few of the 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 Tulsa vs. top Tulsa 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 take a glance at how different aspects of the sale might look, and compare possible proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Tulsa | Sell with a top Realtor in Tulsa |
| Selling timeline | 7 to 30 days | 78 days average; 35 to attract an offer, 43 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / 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 title before you can sell 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 | 5.8% average |
| Closing costs | None | 1% to 3% of the home 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 Tulsa is currently worth about $212,000 and needs about $15,000 in repairs. Once the repairs are completed, the home might be worth around $227,000.
| Sell to a We Buy Houses for Cash company in Tulsa | Sell with a top Realtor in Tulsa | |
| Estimated sale price | ($227,000 x .70) – $15,000 = $143,900 | $212,000 |
| Market preparations | 0 | $2,120 (1% of sale price) |
| Agent commissions | 0 | $12,296 (5.8% of sale price) |
| Closing costs | 0 | $3,180 (1.5%) |
| Estimated take-home for seller | $143,900 | $194,404 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best in your situation will depend on the condition of your property, what level of repairs are needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Quick sales: Cash-For-Homes companies in Tulsa offer a speedy solution, especially if you’re in a hurry or your home needs significant repairs.
- Less than market value: Remember, these companies typically offer below market price since they’re taking on all the risks and repairs.
- Do your research: Before signing any agreement, vet the buyer thoroughly by checking reviews and their market standing.
- Alternative options: iBuyers and traditional agents offer different selling experiences. Determine which aligns best with your goals and circumstances.
- Knowledge is power: Understand your home’s worth. Utilize tools like a Comparative Market Analysis (CMA) to have an informed baseline.
In the end, if you’re considering a Tulsa We Buy Houses company, it’s wise to cast a broad net. Gather multiple offers, compare, and evaluate. Give yourself the freedom to weigh all your options before cementing any decision.
At HomeLight, we’re here to assist you with your real estate needs, whether you’re looking for a no-obligation cash offer or seeking to consult with a top Tulsa] agent to help you sell your property quickly and at the best price. Let us help you make an informed and confident choice.
Header Source: (Brittany Bendabout / Unsplash)
