Best way to sell my rental property in Oklahoma
Whether you bought a few houses for a better retirement….inherited some rental property from a family member….or grew a large portfolio of rental units, one thing is true: everyone has to sell at some point. Rental property is great for the tax benefits and income. Unfortunately we all have to sell our rental property at some point. We’ve helped many investors, young and old, sell their rental property quickly and easily at fair prices.
If you are asking yourself, “what IS the best way to sell my rental property in Oklahoma???” Look no further because we can help! We’ve bought many many houses over the years from landlords and other investors. After having been involved in some smooth and not so smooth transactions, here is our take on the Best way to sell my rental property in Oklahoma….
Step 1 – Figure out what you need the cash for
Do you need all the money at once? Do you want to spread it out over time to maintain a steady income and avoid taxes? Figure out what the money is going to be used for first. Maybe you want a new boat or new house. If you know this, the rest falls in place.
Step 2 – Choose how you want to sell your rental property
You can go the traditional route through a Realtor OR the quick way by selling to a company like ours. Here’s the differences so you can figure out the best way to sell my rental property in Oklahoma:
- Traditional – you’ll pay closing costs and Realtor commissions. You should probably try to sell when a tenant isn’t in the house still. If the tenant is there, it makes it more difficult to schedule showings and keep the house clean. If you go this route, be ready to pay for and make repairs on the house as your buyer is probably going to live there and will request an inspection. Your typical buyer will also need help with their closing costs (in addition to your fair share). Many tenants skip out on their lease if the sales process takes too long. Would you want to constantly be bombarded with showings when you don’t even own the home? However, you’ll probably take home more money this way in the end, it will just take more time. If you find a buyer that is going to live in the house they’ll pay top dollar as they don’t care about profits.
- Quick way (best way!) – We are investors, you are an investor. Sell your house to us, tenant and all. We’ll buy 100% as-is and cover all closing costs. Just like when you win the lottery, you can request to get all your money up front or take it monthly over time. We can buy 1 or lots of houses at once. Closing usually takes 2-4 weeks.
So, does that help you answer the question of “What is the best way to sell my rental property in Oklahoma????”. Hopefully so. If you have questions about selling your rental property or 1031’s or how our process works, just call/text us at (405) 673-4901.
One last parting word here….we aren’t looking to buy houses for $1. We also aren’t looking to pay 100% full retail price on houses or more. We buy homes quickly and as-is to make the process as simple as possible. However, sometimes your best option is actually using a Realtor and not a home buying company like ours. If we feel your best option isn’t to sell your house to us, we’ll flat out let you know.
Talk to you soon!