The kids have all grown and moved out of the house. Suddenly, your three-bedroom home feels empty. At this point, you want to reduce your footprint and expenses by downsizing your home. But what if you can’t sell your house via the traditional means? Is there still any way out?
Rent It Out
If you do not have equity in your property, are underwater, and/or do not qualify for a new mortgage, you can opt to rent out your home as you move to smaller homes with less maintenance. Renting your home will provide you with a revenue stream, especially if you charge a slightly higher monthly rent than your mortgage payment.
Renting your home and renting a smaller home eliminates your worry on mortgage payments.
But this comes with a risk. Your once good tenants might suddenly become your worst nightmare. They could cause damage to your home that will bring the market value down or they could suddenly just stop paying rent.
Be careful in choosing your tenants and you’ll avoid the headaches that come with being a landlord.
“Downsizing but I don’t want to be a landlord.”
If you do not want to be a landlord but would still like to downsize, then it’s best to sell your home. But what if you can’t sell your home because of any of the reasons below?
- It is in no condition for a sale because it is unkempt and with several maintenance issues (i.e. repairs).
- It is priced too high that it won’t sell.
- It has not been marketed enough.
Selling your home can also prove to be a challenge if you have some disagreements with your lender or if you are underwater on your mortgage. If such is the case, you can go ahead and proceed with a short sale. Alternatively, you can also contact professionals and reliable companies who can buy your house fast in Oklahoma.
The most important lesson in downsizing is to not treat your home as an investment. Rather, think of it as a living expense. That means it’s important to look at the monthly net cost of housing and not just the size.
The high cost of housing consume as much as 25% of your income, and if you’re retirees, you wouldn’t have any other source of income other than your pension. Do you really want that to happen?
Do You Need To Sell Your House Fast in Oklahoma City, OK?
Even if an agent can’t sell your house fast Edmond or anywhere in OK , we can help. (Sometimes selling a house through a real estate agent is not for everyone.)
And as a bonus…
- you don’t need to clean up and repair the property
- don’t waste time finding an agent who you trust and who can deliver on their promise of selling your house quickly
- you won’t need to sign a contract that binds you to an agent for a certain term
- or deal with the paperwork and the waiting and wondering (and hoping)
We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to wait to see if the buyer can get financing… we’re ready to buy right now!
All that hassle can add stress, months to the process, and in the end after paying the agent’s expensive fees, you may or may not be ahead of the game.
We work differently at Sooner House Buyers. When you contact us and submit the short property information form (below), we’ll give you a fair all-cash offer on your house within 24 hours… and the best part is: we can close whenever YOU choose to close – it’s entirely up to you. It doesn’t matter what condition the house is in, or even if there are tenants in there that you can’t get rid of… don’t worry about it. We’ll take care of it for you. And if you need the cash quickly, we can close in as little as 7 days because we buy houses with cash and don’t have to rely on traditional bank financing. (Go here to learn about our process →)
No matter what condition your house is in; no matter what situation or timeframe you’re facing…
Our goal is to help make your life easier and get you out from under the property that’s stressing you out… while still paying a fast, fair, and honest price for your house.
Or Give Us A Call Now At: 405-288-1281
We help property owners just like you who want to sell house fast , in all kinds of situations. From divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other situations. We are cash house buyers in Oklahoma City, Midwest City, Edmond, Shawnee, Norman and surrounding areas and pay a fair cash price, fast. Sometimes, those who own property simply have lives that are too busy to take the time to do all of things that typically need to be done to prepare a house to sell on the market… if that describes you, just let us know about the property you’d like to be rid of and sell your house fast for cash in Edmond or anywhere in Oklahoma.
If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast for cash. Talk to someone in our office before submitting your property information by calling us today at 405-288-1281
We are cash house buyers in Oklahoma, OK and all surrounding areas in Oklahoma. If you need to sell your house fast in Oklahoma, OK connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂