How To Sell Your House Quickly Online For Free

How To Sell Your House Quickly Online For Free

This post was last updated on October 7th, 2021 at 12:36 pm

Now you can sell your house quickly online for free! Normally we like to meet our clients face-to-face. However, we know that sometimes that’s not possible. Some clients may live out of state. Others may have health concerns. Now you can sell your house from the comfort of your own home! Since we offer several methods for getting in touch with us you can choose the method that works best for you!

Tell Us About The House You Want To Sell Quickly

Selling your house online quickly online is a four step process. First get in touch and sell us about the house you want to sell. Second request to sell your house fast from home. Next our team will handle the paperwork and answer any questions you may have. Last we will have a closing designed to meet your needs.

Selling your house fast online has never been easier! To get started we have several options to help you get in touch with us.

Tell Us About Your House Online

The first step to selling your house online quickly is simply getting in touch with us! To get started just tell us a little about the house you want to sell. The easiest way to do that is simply to fill out the form below:

    Name (required)

    Phone Number (required)

    Email (required)

    Address (required)

    City (required)

    Zip Code

    Reason for selling

    Asking price

    Mortgage balance

    Condition

    Listed with a real estate agent? YesNo

    Our Simple Selling Process was designed to make selling your house online fast and easy. By using the form above your information will be sent directly to our team! Your privacy is always protected and we will never share your information.

    Tell Us About Your House By Phone

    Another way to get in touch with us is by phone. You can call us at 181CloseNow and one of our Closing Options Analysts will talk to you about the house you want to sell fast. This also gives us a chance to find out about your needs so we can give you more personalized service.

    Just dial 181CloseNow numerically that’s 1(812)567-3669. First we’ll get some basic information. Then we’ll ask about your unique situation. We can usually get most of the information we need to start helping you on the very first phone call.

    Don’t worry if you don’t know every detail about the house you’re wanting to sell. We just need to know the basics: how to keep in touch with you, address of the house you want to sell and any details about your situation.

    Tell Us About Your House By Email

    Some clients may prefer to get in touch with us by e-mail. You can e-mail us directly by sending an e-mail to Support@181closenow.com and it will get sent to one of our Closing Options Analysts.

    Just send us an e-mail telling us a little bit about the house you’re wanting to sell. Please include your contact information, the address of the house you want to sell ASAP and tell us a little about your situation.

    Request To Sell Your House Fast From Home

    After getting to know your situation we usually have one of our Closing Options Analysts meet with you face-to-face to take a look at the house you’re selling. Since some of our clients live out of state, or have medical concerns, we do offer alternatives.

    Let your Closing Options Analyst know you would prefer a remote transaction. If we know you prefer to sell your house fast from home we will make special arrangements. Instead of meeting face-to-face we can arrange to meet with you remotely, by phone, by e-mail or a combination of the three.

    Paperwork When Selling Your House Quickly From Home

    If selling your house to 181-Close-Now is the best closing option for you we will make you a cash offer for your house. We buy houses as-is so you never have to make repairs. Usually we go over the Purchase Agreement with our clients in person. If you have decided to sell your house to us remotely we will e-mail everything to you or we will send you a copy via USPS.

    Once you have the paperwork in front of you we will meet with you remotely to answer any questions you may have. This could be by remote meeting software or by phone. We want to be sure and answer any questions you may have. Our team won’t move forward until you are comfortable, confident and at ease. Being sure we do all the work and you sleep well at night is one of our top priorities!

    Closing When Selling Your Home Fast Remotely

    Closing when selling your house remotely can be a bit of a challenge. Luckily we work with some great title companies. Our team has dealt with special circumstances for closings before. If we know what your needs are we can likely accommodate them. We may even be able to have the title company come to you!

    We have had clients who were several states away the day of closing. As long as we know in advance we can usually arrange a closing that will accommodate clients selling us their house remotely.

    How Selling Your House Online Is Different

    Selling your house online really isn’t that different. Our Simple Selling Process was designed to make selling your house fast easy. Instead of meeting with you face-to-face we do it all online or by phone. Our staff is still able to give you personalized service and we’re still able to buy your home quickly.

    The biggest difference with selling a home remotely is when you are going a more traditional route. For instance, if you want to fix the house up and put it on the market. By going the more traditional route it would be virtually impossible to sell a house remotely. Luckily 181-Close-Now buy’s houses as-is. Since we buy houses with cash there are no inspections and no repairs needed.

    Also, remember 181-Close-Now IS the buyer. You won’t have to wait for months praying something happens. Our team will get you to a closing table quickly.

    Get Started Selling Your House Quickly Online For Free

    Get started selling your house fast online for free! It only takes a few minutes to get started! Simply fill out the form below:

      Name (required)

      Phone Number (required)

      Email (required)

      Address (required)

      City (required)

      Zip Code

      Reason for selling

      Asking price

      Mortgage balance

      Condition

      Listed with a real estate agent? YesNo

      How To Sell Your House Quickly Online For Free

      Sell My House Fast Online For Free Client Review

      We like to let our track record speak for us. Feel free to check out our Client Testimonials or check out the video below. This client travelled the country and needed to sell their house online quickly. Our team was able to handle the entire transaction remotely. We even arranged a Closing when they were half way across the country!

      Selling Your House Fast Online Yourself

      181CloseNow We Buy Houses For Cash As-Is Fast
      How To Sell Your House Fast Online Yourself

      181-Close-Now is proud to be recognized as one of the easiest ways to sell your house quickly online for free. We’ve been featured on NBC NewsFOXThe CWABC News and many more! As one of Oklahoma’s fastest home buyers we want to make sure every client has a great experience selling their home to 181-Close-Now!

      Where Does 181-Close-Now Buy Houses?

      We buy houses in Oklahoma City, Moore, Norman, Bethany, Warr Acres, The Village, Mustang, Yukon, Edmond, Del City and Midwest City. If you want to sell your house fast yourself we would be happy to help! We buy houses as-is so you never have to make repairs. Since we offer remote transactions you can sell your house fast without ever leaving the comfort of your own home!

      Contact Us

      Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

        Name (required)

        Phone Number (required)

        Email (required)

        Question or Concern

        Sources

        United States Postal Service

        18002SellHomes Vs 181CloseNow: What You Need To Know When Selling Your Home

        18002SellHomes

        We want to do something that most people in our industry wouldn’t dare do. Admit that we have competitors! There are a LOT of options out there when you get ready to sell your house. Which option you chose, and which company you work with, is important. Today we want to compare our services with one of our better known competitors: 18002SellHomes™.

        Need to sell your house fast, as-is and get the cash you need? Get in touch with us using the form below and we’ll get with you ASAP!

          Name (required)

          Phone Number (required)

          Email (required)

          Question or Concern

          18002SellHomes Company Background

          The company most people know as 18002SellHomes™ was founded largely by Leo Kingston. His wife, Paulette, can often be seen in the commercials (although people often mistake her for Linda Soundtrack). Before he started 18002SellHomes™ Leo was already a seasoned home buyer. He started buying houses shortly after high school.

          18002SellHomes™ is actually the company phone number; not the company name. And the commercials? They are designed to make sure you don’t forget that phone number.

          While you could say that the company is “family owned” it’s a bit more complicated than that. A few years back Leo in essence sold the company to a long time friend. Even before that there were licensing agreements in place. Selling a home in Tulsa, Oklahoma? You would be dealing with totally different company than if you were selling a house in Oklahoma City.

          Even if you had a house in the OKC metro area to sell the staff changed regularly. The person you deal with today may not be the same person that held that position 6 months ago.

          Why Having A Closing Matters

          In one of our previous articles we wrote about What A Closing Is. Typically a Closing is handled by a Title Company for two reasons.

          • First the title company can be sure that the seller has marketable title to the property.
          • Second the title company makes sure that both the seller AND the buyer fulfill their obligations.

          18002SellHomes™ has a habit of avoiding formal closings at title companies. While this may seem like no big deal to save a few dollars it can have a MASSIVE impact on the seller. That’s because a title company has a lot of important responsibilities beyond just handing out checks.

          18002SellHomes Failed To Record Deeds

          On multiple occasions 18002SellHomes™ failed to record deeds to houses they had purchased. Normally the title company would send the deed to the county to be properly recorded. By avoiding a formal Closing 18002SellHomes™ was able to hold onto the deed leaving the house in the name of the seller.

          This is a huge problem. For instance, in some cases these houses had city liens against them that were continuing to pile up. Since the deed wasn’t recorded the seller was still responsible for these liens and could even be summoned to court. And if the seller didn’t show up to court a warrant for their arrest could have been issued. Even though they had already sold the house!

          This also exposed sellers to potential liability. Often the houses needed repair. Many were also vacant. If someone had been injured on the property it could have been the previous owner facing liability.

          Why Would 18002SellHomes Buy A House And Not Record The Deed?

          To understand why this happened you first need to understand public records. Real property records are public records. This means you can easily look up who owns a property. But you can also see when they purchased it and for how much.

          Since 18002SellHomes™ often resells the houses they buy this hurt their negotiations. When they would record a deed they had to tell the county how much they paid for the house. Since it is perjury to give a false sales price recording a deed meant everyone knew what they paid for the house. Then when they would try and resell the house people would use this information against them.

          18002SellHomes™ solution to this problem was to avoid using a title company for closing. It would save them a few dollars but they could also hold onto the deed. By not having the deed recorded no sales information was recorded either. This meant they could hold onto the deed until it was beneficial to them.

          18002SellHomes Compared With 181CloseNow

          Buying Houses Isn’t Always Easy

          The business of buying houses isn’t always an easy one. But there is no excuse for deliberately holding onto the deed after telling a client that the transaction is completed. It’s just unethical. And it can lead to some serious legal repercussions for clients selling you their home.

          This is one of the reasons that 181-Close-Now absolutely insists on having formal closings. We want out clients to have the peace of mind to know that everything was done right the first time.

          Not All We Buy Houses Companies Are Equal

          Clients will often tell us that they have called our competitors as well. Unlike most companies that buy houses we welcome this! Because not all home buying companies are the same. In fact we only have a small handful of real competitors in the Oklahoma City area. 18002SellHomes™ is one of them.

          Typically the price we offer for a house will be very close to the price our competitors offer. It will usually come down to who you feel can get the transaction closed faster. Who will take better care of you and will let you sleep easy at night? We like out clients to know that they are in good hands. That’s why our Closing Options Analysts work so hard to make sure you’re well informed each step of the way.

          A Higher Price Isn’t Always A Better Offer

          But what if a competitor offers you way more than 181-Close-Now? Chances are that isn’t a real competitor. Fly-by-night “gurus” who have never bought or sold a single house are a real problem in this business. Especially in an industry that requires decades of expertise that’s not a good thing.

          In fact this is such a problem in our industry we will be devoting an entire series to it. We want our clients to know when they’re dealing with a professional home buying company. It’s also important that you know how to spot scams that can cost you big time. Few things are more expensive than working with an inexperienced home buyer.

          18002SellHomes Or 181-Close-Now: Which Company Has Bought Houses The Longest?

          This is a REALLY hard question to answer. First because both 18002SellHomes™ and 181-Close-Now have histories that go back decades. Second because we don’t have complete histories on all of our competitors.

          Here at 181-Close-Now we can trace our history back through four generations of real estate professionals. Our family was building, buying, fixing, selling and renting properties back in the late 1940’s and early 1950’s. In an industry where experience and expertise matter we are happy to be one of the most experienced teams in town.

          Deciding Who To Work With

          If it’s time to sell your house and you want to avoid making costly repairs it’s important you work with a company you can trust. The team at 181-Close-Now wants every client to feel like they are family. Most importantly we want every transaction to be something our clients will remember fondly for a long time.

          Need to sell your house fast? Want to sell your home as-is without making repairs just send us a message and we will be happy to help!

            Name (required)

            Phone Number (required)

            Email (required)

            Address (required)

            City (required)

            Zip Code

            Reason for selling

            Asking price

            Mortgage balance

            Condition

            Listed with a real estate agent? YesNo

            18002SellHomes™ is a great company. In fact when we first decided to move from residential construction to focusing on buying houses as-is one of our Closing Options Analysts even worked for them for a few months. While there is nothing proprietary or ground breaking about what they do they are one of our most well known competitors.

            In an industry where the price is usually pretty close between competitors who do you trust becomes a deciding factor. Who do you trust to get you to a closing table faster? Which company will take better care of you and keep you well informed? Who do you trust to handle every aspect of the transaction so you can sleep easy at night?

            Selling Your House To 181-Close-Now

            181-Close-Now makes selling your house as-is fast and easy. Don’t take our word for it. Check out our Client Testimonials and see what our past clients thought of their experience.

            Need To Sell Your House Fast In Oklahoma City Call 181CloseNow

            Where Do We Buy Houses?

            We buy houses in Oklahoma City, Moore, Yukon, Norman, Del City, Midwest City, Bethany, Edmond, Warr Acres, The Village and Mustang. If you need to sell your house fast 181-Close-Now makes the process fast and easy.

            As Featured On

            181CloseNow We Buy Houses For Cash As-Is Fast
            181CloseNow As Featured On NBC Fox CW ABC News We Buy Houses For Cash As-Is Fast

            181-Close-Now is proud to be recognized as one of Oklahoma’s best home buying companies. We’ve been featured on NBC News, FOX, The CW, ABC News and many more!

            Get In Touch With Us

            Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

              Name (required)

              Phone Number (required)

              Email (required)

              Question or Concern

              Sources:

              Tulsa World

              Disclaimer: All information in this article was obtained from previous clients, associates and friends of 181-Close-Now LLC or is a matter of public record or public knowledge. All copyrights and trademarks are property of their respective owners.

              Selling A Home? You Need A Closing Options Analyst

              Closing Options

              This post was last updated on July 12th, 2021 at 08:22 pm

              Thinking about selling your home? You need a Closing Options Analyst. We trademarked the term years ago because it’s allowed 181-Close-Now to really help our clients. In fact having a COA on staff is one of the key features that makes us different from our competitors. Today we want to tell you a little more about the position and why it’s so important when you’re considering selling your home.

              What Is A Closing Options Analyst?

              The Closing Options Analyst’s job is to determine all of the closing options available to a client. Taking years of experience and looking at the clients situation, the property and it’s condition. Then figuring out what options are available. This is what sets us apart from other home buyers.

              If selling your home to 181-Close-Now is the best closing option we will make you a cash offer to buy your house. But sometimes the Closing Options Analyst decides there are other closing options that are better for you. If the COA tells us there’s a better option we take their recommendation to heart.

              What Does A Closing Options Analyst Look At?

              When a Closing Options Analyst is trying to determine your best closing options they are looking at three main factors:

              • The clients situation
              • The property and it’s condition
              • Market factors

              The Clients Situation

              Every house is different. So is every clients situation. The motivations, time frames and legal issues are different for everyone. The Closing Options Analyst looks at these factors first. The COA then has to ask “what would I do if I were in this situation”?

              This is where years of experience comes into play. We’ve been buying houses for a long time. That means we’ve dealt with some really strange situations. When we run into a really unique situation we have the experience to be able to handle it.

              The House And It’s Condition

              After the Closing Options Analyst understands the situation they next look at the house. We look at the condition, repairs needed, neighborhood, school system, curb appeal, age of the house and a lot more.

              Over 99% of houses we look at need repairs before being ready to sell. In almost every case making repairs does not add value to the house. Usually people make repairs in order to pass inspections or so the banks will approve a loan. This is only one of many things we look at. But we have to understand the situation AND the house.

              Market Factors

              After looking at the house and the clients situation we look at market factors. What kind of demand is there for this type of house in this type of location? What repairs would be needed? Are there potential renters or home buyers?

              We do an in depth market analysis. How long will it take, how much will it cost and what are the odds of success?

              Client Options Analyst Recommendation

              Once the COA has looked everything over they make a recommendation. If selling your house to 181-Close-Now is the fastest, easiest way to sell your home we will make you an all cash offer. Since we are the buyer and we don’t use banks this is usually the fastest way to get you cash.

              It’s rare but sometimes there is a better closing option. Some of our clients need a highly specialized legal team. We’ve also had clients who really just needed the best broker in the business. If the COA determines that there is a better closing option we make sure to get our clients the help they need.

              Not Just Another Home Buyer

              We only make money when we purchase a house. As a we buy houses company we either resell the houses we buy or we keep them as rentals. If we don’t buy a house we don’t make money. But sometimes that’s not what’s best for our clients.

              Other home buyers don’t care. They just want to buy the house. We do things a bit different. If we can help a client then we are happy to do so. But sometimes helping someone means going above and beyond even when it doesn’t benefit us.

              Our client’s tell us they feel like family for a reason. We love being able to buy a house as-is. Selling your house fast is always simple with 181-Close-Now. But at the end of the day we just want you taken care of. Even if that mean’s we have to make sure you have the best help available.

              Corey Chappell Senior Closing Options Analyst

              Corey Chappell is our Senior Closing Options Analyst in Oklahoma City. If you sell your house to 181-Close-Now you will likely meet him. He’s the 4th generation of home buyers in our family and one of the most experienced home buyers in the state.

              Corey Chappell Oklahoma City Closing Options Analyst
              Corey Chappell Oklahoma City Senior Closing Options Analyst Being Shown A Property By A Furry Occupant

              If you have a situation no one else can deal with Corey is the person you want to speak with. He’s dealt with extremely unique situations and he’s bought houses no other home buyer wanted. It takes a lot of experience to earn the title Closing Options Analyst but only Corey Chappell has the Senior designation in his title. His experience and ability to solve clients problems are unmatched.

              What Happens If A Closing Options Analyst Makes Me A Cash Offer?

              If our Closing Options Analyst decided selling your house as-is fast to 181-Close-Now is your best closing option we will make you an all cash offer. The COA will answer any questions you have. We will handle everything and the COA will keep you fully informed.

              Part of the COA’s job is to be sure you sleep well at night. We make selling your home simple and stress free. If our Closing Options Analyst makes you a cash offer they will make sure everything is done right the first time. No stress, just fast cash for your house as-is.

              As Featured On

              181CloseNow We Buy Houses For Cash As-Is Fast
              181CloseNow As Featured On NBC Fox CW ABC News We Buy Houses For Cash As-Is Fast

              Our team has been featured on NBC NewsFoxThe CWABC News and many more! A big part of our success is because of our Closing Options Analyst. Our competitors may only care about buying a house; we care about you. That’s why our clients say selling their house to 181-Close-Now was the best decision they ever made.

              What Clients Say About Our Closing Options Analyst

              Don’t take our word for it. Check out what our clients have to say about our Closing Options Analyst:

              Sell My House Fast Oklahoma City Review

              Get In Touch With Us

              Want to speak directly to one of our Closing Options Analyst? Even if you’re not ready to sell your house we’re here to help! You can give us a call at 181-Close-Now or you can email us at Support@181closenow.com of course you can always fill out the form below and we will give you a call. Your privacy is always protected and there is never any obligation.

                Name (required)

                Phone Number (required)

                Email (required)

                Question or Concern

                Speak To Our Senior Closing Options Analyst

                Have a unique situation? A problem no one else can handle? If you’re in Oklahoma City we would be happy to send Corey Chappell to speak with you. Corey is our Senior Closing Options Analyst. He’s got the experience to handle the toughest of situations. You can e-mail him directly at Corey@181closenow.com to let him know a bit about your unique situation.

                We Buy Houses Fast For Cash In Mustang Oklahoma

                We Buy Houses In Mustang Oklahoma

                This post was last updated on October 3rd, 2021 at 07:45 pm

                Sell Your House As-Is Fast In Mustang

                Selling your house As-Is made simple. No repairs, no commissions and our team makes sure selling your home is stress free. We will never share your information and there is no obligation. Just fill out this form and one of our Closing Options Analysts will make you a cash offer! Yes, it really is that easy!

                  Name (required)

                  Phone Number (required)

                  Email (required)

                  Address (required)

                  City (required)

                  Zip Code

                  Reason for selling

                  Sq. Feet

                  Asking price

                  Mortgage balance

                  Condition

                  How did you hear about us?

                  Listed with a real estate agent? YesNo

                  181-Close-Now Makes Selling A Home Simple

                  When you sell your house to 181-Close-Now there are a few things you can always count on:

                  • We Pay Cash
                    • no banks, no inspections, no repairs.
                  • We Buy As-Is
                    • you don’t have to make ANY repairs. Selling your house as-is has never been easier.
                  • We Handle Everything
                    • our team will answer your questions and keep you informed. Peace of mind is priceless.

                  Selling Your House Fast For Cash Mustang

                  As Mustang’s fastest home buying company we always pay cash. Most home buyers have to borrow money from a bank. This means they have to have inspections, surveys and repairs have to be made. Selling your house for cash allows you to speed up the selling process and avoid spending money out of pocket.

                  Selling Your Home As-Is Saves You Money

                  Over 95% of our clients think it makes sense to sell their house as-is. Most homeowners only make repairs to pass inspections. Since we buy houses for cash there are no inspections. There’s no need to spend time and money on repairs that won’t add any value to your house. Selling your house as-is allows you to get cash fast!

                  We Handle Everything

                  Our team is the best in the business. Selling your house can be a very stressful process. Our team buys and sells houses every day. We want you to be fully informed and have peace of mind. Our team will handle everything start to finish. We will also answer any questions you have.

                  You will never be in the dark. No stress or sleepless nights. 181-Close-Now is one of the most experienced home buyers in Mustang. We will put all of our expertise to use to make sure selling your home fast for cash as-is is the most enjoyable experience you’ve ever had!

                  Mustang’s Fastest Cash Home Buying Company

                  Our clients tell us we are different because we care. We don’t just buy houses. Your situation is unique just like your home. We look at what works best for YOU. Even if selling your house to us isn’t the right fit we will make sure you are taken care of. Our clients ALWAYS sell their house fast even if it’s not to us. Don’t take out word for it; check out our Client Testimonials. Here’s what one of our clients had to say:

                  We Buy Houses For Cash Mustang Oklahoma Company Review

                  Ready To Sell Your House Fast In Mustang?

                  We would love the opportunity to make you a cash offer on your home. If you’re ready to sell your house fast for cash let us know. Your information will never be shared and there is no obligation.

                    Name (required)

                    Phone Number (required)

                    Email (required)

                    Address (required)

                    City (required)

                    Zip Code

                    Reason for selling

                    Sq. Feet

                    Asking price

                    Mortgage balance

                    Condition

                    How did you hear about us?

                    Listed with a real estate agent? YesNo

                    We Buy Houses Fast As-Is In Mustang

                    181-Close-Now buys houses all over the Oklahoma City Metro Area. This includes Mustang. We’ve been buying houses in the Mustang area for several decades. Our goal is to always make sure our clients have a stress free experience. Most importantly we want you to get cash fast.

                    We Buy Houses To Invest In The Community

                    When we buy a house we are making an investment in the community. Sometimes we fix the house and resell it to someone who will keep it long term. Other times we keep the house as a rental. Each house is different just like every clients situation is different.

                    Selling A House In Mustang Isn’t Always Easy

                    We have clients who have trouble selling their house in Mustang. According to the United States Census Bureau the city only has an area of 12.0 square miles. The population increased more than 60% between 2000 and 2010. This has made it hard for some clients to sell their house.

                    The city is not that big and there is a lot of new construction. This makes it hard to sell older houses that need repairs. The population increase also means that bigger houses are more in demand. Mustangs older houses are usually smaller and have much less demand. This can make older smaller houses very difficult to sell.

                    Our team makes sure our clients sell their house fast no matter what the challenge. We have the experience to handle the toughest of situations!

                    181-Close-Now: Mustang’s Fastest Cash Home Buyer

                    181CloseNow As Seen On NBC Fox CW ABC News
                    181CloseNow As Seen On NBC Fox CW ABC News

                    When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!

                    Get In Touch With Us

                    Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

                      Name (required)

                      Phone Number (required)

                      Email (required)

                      Question or Concern

                      Sources:

                      United States Census Bureau

                      How To Sell Your House Fast Mustang Oklahoma

                      10 Reasons Owning A Vacant House Can Destroy Your Life

                      Nuclear House

                      This post was last updated on July 12th, 2021 at 08:22 pm

                      If you own a vacant house you probably have dreams of it someday being a picture perfect home. The reality is most vacant houses are a nightmare for their owners. Here are 10 reasons owning a vacant house can literally destroy your life:

                      1.) Most Vacant Houses Get Worse; Not Better

                      Taking care of a house is a LOT of work. You have to keep up with the yard. Money has to be spent on repairs and updates. It also takes a dedication of time to keep a house in good condition.

                      Reality is most vacant houses get worse; not better. If you have owned a vacant house for more than 6 months and have not made significant improvements you likely never will.

                      Dream vs Reality
                      Dream Vs Reality

                      As the months turn into years the house will need more and more repairs. People will break in. Copper will be stripped. The lawn will grow and city notices will pile up. What started as a project you never got around to will turn into a full blown nightmare.

                      2.) You Will Likely End Up In Jail With A Criminal Record

                      It doesn’t take much for a house to be in violation of City Code. It can be something as simple as the grass being too tall. In Del City a house can be completely condemned if you don’t pay your water bill.

                      Once a house is in violation of City Code the courts step in. You will be summoned to Court. This is where people end up in serious trouble.

                      If you don’t show up the Court will likely issue an Arrest Warrant. Even if you do show up they will order you to make repairs before a certain date. If you can’t afford those repairs, or you don’t report back, they may issue an arrest warrant later on.

                      Once the Arrest Warrant is issued you have a serious problem. A routine traffic stop on the way to work will likely end with you headed to jail, your car impounded, and no way to explain it to your boss! All because the grass was too tall or repairs weren’t made.

                      City Code Violation
                      City Code Violation

                      3.) Your Vacant House Could Be Demolished

                      If the City decides the level of disrepair is bad enough the City can Condemn your house. This means no one can live there and the house can’t be rented.

                      Most of the time this also means the clock is ticking. If the repairs aren’t made by a certain date the City will simply demolish the house.

                      This would be devastating if you put time and money into the house. Even if you didn’t spend any money on the house it could still cost you your life savings.

                      Once the City has the house demolished they can send you the bill! We’ve had clients receive bills for $15,000-$50,000! Don’t have that kind of money? The City will attach a lien to your personal home to be sure they get paid.

                      4.) You May Not Own The House At All

                      About 45% of the clients I help don’t own the house they think they own!

                      The most common reason is they listened to someone at the local Court House and tried to fill out their own deed. Sometimes it’s because they didn’t follow the proper legal process. All that time and money you’re putting into that vacant house and you may not even own it!

                      If you filled out a fill in the blank deed there’s a 99.9% chance you don’t own the house. Didn’t have a Closing at a Title Company? You probably don’t own the house. Didn’t have the property Quiet Titled? You probably don’t own the house.

                      All that time, money, all those headaches, were for nothing. Because you don’t even own the house.

                      5.) You’re Not Getting That Loan

                      When I ask people how they plan to fix a vacant house they usually say “I’m going to borrow the money from the bank!”. What they don’t realize is the bank won’t lend them a single penny.

                      Banks don’t give mortgages that are less than $50,000. If your vacant house is old, in a low-income area, or in a bad part of town borrowing money isn’t and option.

                      If the house needs ANY repairs borrowing money is usually off the table. Less than perfect credit? Limited construction experience? Little to no savings? Forget about it.

                      If your vacant house needs significant repairs you’ll have to fund the entire project with your savings. You may even have to do some of the work yourself. How much do you know about plumbing, foundation repair, electrical, permits, City Code, roofing, interior design? Are you willing to risk your life savings to learn as you go?

                      Rethinking That Vacant House

                      We’re only half way through our list of 10 ways owning a vacant house can destroy your life. If anything we’ve said so far reminds you of what you’re dealing with we would like to help!

                      The 181-Close-Now staff has seen it all. We’ve dealt with it all. If you’re in any of the situations we’ve already named let us know! We buy houses all over the state of Oklahoma. Our staff has the experience to handle any situation.

                      Simply fill out this form and one of our Closing Options Analysts will get in touch. Your privacy is always protected and there is no obligation.

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                        6) Owning A Vacant House Can Cost You Your Family

                        Reality TV has made fixing houses seem glamorous. TV is not the same as reality. It may even cost you your family.

                        I meet people all the time who tell me how much money they will make fixing houses or being landlords. The first thing I ask is what they do for a living. If the answer is anything other than “I fix houses and I’m a landlord” there is a 99.9% chance they just destroyed their life.

                        I can’t tell you how many teachers, firefighters, police officers, plumbers, electricians or bank tellers I’ve met that thought they were suddenly a Real Estate Expert.

                        The story always ends the same way: They lose their life savings and the people they care about most. Divorce is common. Other times it’s life long friendships that are destroyed.

                        The 181-Close-Now team has been in real estate for 4 generations. It’s what we do. If we suddenly decided to be astronauts tomorrow we would fail just as bad.

                        You’re not just risking money when you own a vacant house. Family, friends, relationships, custody of your children; that’s what you’re risking owning a vacant house.

                        7.) Owning Vacant Houses Causes Bankruptcy

                        Just selling a house costs 10-15% of the houses market value (assuming it’s in move-in ready, tip-top condition).

                        Fixing a house usually cost 3-5x as much as you estimate. People naturally underestimate the cost of repairs and how many repairs are needed. They also OVER estimate how well things will go. Even pro’s have this problem.

                        This means your savings won’t go as far as you think it will. It will take more time than you thought it would. The costs will be greater than expected. And there will DEFINITLY be surprises.

                        What do you do when your savings is gone, the house still isn’t fixed, bills pile up and you’re about to get a divorce? After enough sleepless nights you finally call a good bankruptcy attorney.

                        8.) Owning A Vacant House Can Cost You Your Health

                        A Vacant House will cost you your health. Maybe you haven’t put a dime into it. Or maybe you put your life savings into repairs. Either way a vacant house will suck the health, life and peace of mind right out of you. Why? Because of the word “Vacant”.

                        Look at our list so far: do these nightmares apply to houses you live in? NO.

                        Vacant houses have no built in benefit. You can’t live there. They don’t make you money. And they don’t make your life better. All they do is provide the DREAM of making you money SOMEDAY. That dream is usually a living NIGHTMARE. Repairs, City Code Violations, Bills, Unexpected Headaches and many more issues.

                        That’s why “someday” never comes for most people who own a vacant house. Almost 65% of our clients experience moderate to severe health issues simply because they own a vacant house. All the stress gets to you. The sleepless nights run your body down.

                        Before you know it you are getting sick more often. You are more stressed out. Health problems you’ve never had before start to appear. In the worst cases owning a vacant house can literally kill you.

                        9.) Other People Become A Serious Problem

                        Vacant houses are broken into on a regular basis. Kids will break in to use the house as a party spot. Something to tear up for fun.

                        Thieves will break in to steal the copper. In both cases that means more money YOU have to spend just to get the house back to the way it was.

                        No Copper
                        Vacant House Stripped Of Copper

                        The worst problems come from people who break in because they need shelter. It’s estimated there are 3.5 million homeless in America and 18.9 million vacant homes.

                        Every year approximately 30,200 vacant houses across the country are burned down. Often because the homeless break in to escape the cold. I have seen people start fires using the hard wood floors as fuel. On other occasions I’ve seen houses burn down because they used a fireplace that wasn’t safe.

                        If you own a vacant house there’s a 90% chance you don’t have insurance on it. If it burns down you are left with nothing but a pile of ashes. And that is itself a City Code Violation.

                        House on Fire
                        A “Hot” Property

                        If you DO have insurance the insurance company will likely try and deny the claim. Homeowners insurance is for a house you LIVE in. Not that vacant property you have across town.

                        10.) You May Lose Yourself Because You Own A Vacant House

                        In one of the worst cases I ever handled I saw the damage owning a vacant house can cause. A long time friend of the family had a good paying job, a loving wife and family. An overall good life.

                        He inherited a vacant house that needed a lot of repairs. Even though he had no prior experience he thought he could do it. He had dreams of making lot’s of money being a landlord.

                        About a year later he was broke. Deeply in debt; his wife had left him. He didn’t get to see his kids. The house had burned down. And the City had sent him a bill for the clean up.

                        He was going through bankruptcy and developed severe insomnia. Eventually he ended up with substance abuse issues too.

                        The last time I saw him he wasn’t the same person I knew. When we talked about what happened he told me he didn’t even know the man he had become.

                        Stories Based Off Client Interactions

                        Writing this post didn’t require a lot of research. These are the situations our clients have faced that we have helped them with. However bad it sounds; the real situation was much worse.

                        181-Close-Now buys houses in the Oklahoma City Metro Area (Norman to Edmond, Yukon to Del City). Our family has been in the real estate business for 4 generations. It’s what we do.

                        No matter the situation our staff has the experience to help! We will never ask you to make repairs, we buy as-is and we close FAST.

                        Sell Your Vacant House Fast With 181-Close-Now

                        Don’t risk ending up on a list like this just because you own a vacant house you haven’t gotten around to dealing with. Get rid of that nightmare and get CASH fast. As always we NEVER send our clients a bill for helping out.

                        Simply fill out this form and our staff will make you an all cash offer for your vacant house as-is. Your privacy is always protected and there is no obligation.

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                          Client Testimonials

                          We measure our success by how our client’s feel about their experience. Selling your house should be simple and stress free. Check out our Client Testimonials to see just how easy selling your house to 181-Close-Now really is.

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                          When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!

                          Get In Touch With Us

                          Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

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                            Why Sell My House To 181-Close-Now?

                            This post was last updated on July 12th, 2021 at 08:23 pm

                            Why sell your house to 181-Close-Now? We are one of Oklahoma’s most experienced home buyers. We make selling your house fast and easy. Best of all we buy as-is meaning you don’t have to make any repairs.

                            We close fast and we pay cash. Ready to get a fast cash offer for your house? Just fill out this form and we will give you a call. Your privacy is always protected and there is no obligation.

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                              Selling To 181-Close-Now vs Using An Agent

                              Selling your house to 181-Close-Now saves you time and money! Here’s why:

                              • We NEVER charge commission
                              • 181-Close-Now buys As-Is; No repairs needed
                              • We ARE the buyer. No waiting 6 months hoping a buyer shows up

                              Agents Charge Commission

                              The average Agent in Oklahoma charges a 6% commission IF they get the house sold. When you sell your house to 181-Close-Now we will NEVER charge you a commission. We buy houses as investments. Sometimes we keep the houses we buy as long term rental properties. Other times we resell the house to a home owner.

                              When we buy a house we are making an investment. There is no reason for our clients to pay commissions or receive giant bills. If our team does their job right the house will make us money down the road. We don’t need our clients money; we just need to make their life easy. You can sleep well at night knowing that we are truly on your side.

                              We Buy Houses As-Is

                              181-Close-Now buys houses As-Is. We will never ask you to make repairs. When you sell your house using an Agent you HAVE to make repairs. The only thing an Agent does is help you find a buyer (if they can). Those buyers don’t have the money to buy your house they have to borrow it from a bank.

                              When you borrow money from a bank the bank will require inspections. If the house needs repairs to pass those inspections you either make the repairs or the buyer can’t get the loan. Most home owners don’t make repairs because it ads value. They make repairs so the house will pass inspection.

                              As a cash buyer we can buy houses as-is. There are no banks which means there are no inspections. Our clients don’t have to waste time and money making pointless repairs. This also let’s us get you cash faster than our competitors. We have some of the fastest Closings in Oklahoma. Our team works hard to be sure selling your house to us is fast and easy.

                              181-Close-Now IS The Buyer

                              If you use an Agent you MIGHT sell your house; if you’re lucky. There is no guarantee that your house will sell. More often than not you waste several month having your “house on the market” with nothing to show for it. That’s ok if you really don’t care if you sell your house or not.

                              We ARE the buyer. When we buy a house we are making an investment. Sometimes we keep the house as a rental. Other times we resell the house. Either way there is no “maybe”. Our team will make you an offer on the spot. No waiting for months on end hoping a buyer comes along. We are the buyer and we move fast to get you cash quickly.

                              Selling Your House To 181-Close-Now Is Fast And Easy

                              Ready to sell your house the fast and easy way? Just let us know the best way to get in touch with you! We’ll give you a call and you’ll be at a Closing in no time! It’s that easy! Your privacy is always protected and there is no obligation.

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                                When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!

                                Get In Touch With Us

                                Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

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                                  What Does A Title Company Do In Real Estate?

                                  Title Company

                                  This post was last updated on July 12th, 2021 at 08:23 pm

                                  Selling your house fast is easier with a good Title Company. But what exactly do they do? What do they contribute to the overall process? And why do you need one?

                                  Let’s take a look at all the things a Title Company can do for you. You may be surprised at just how much they do to be sure your transaction goes smooth!

                                  What Is A Title Company?

                                  A Title Company is a company that handles real estate transactions. They are the professional team that takes a Purchase Agreement and turns it into a transaction!

                                  It’s usually a small businesses which is privately owned. You will find some have several branches. Others may have a single office.  More importantly it would be impossible to sell a house without them.

                                  What Is The Title Company’s Job?

                                  The first step in selling your house is making a deal. But what happens after that? This is where the Title Company takes over.

                                  Once the Purchase Agreement has been signed the Title Company gets to work. They start by creating a file containing the information of the buyer, seller and lender. They will put a copy of the Purchase Agreement into the file to be used later.

                                  Abstracting

                                  The first thing will be to order the Abstract of Title. Once it has been ordered it will be updated and certified. After this a Title Examiner will go through the Abstract. They review the documents and conduct a Title Search to be sure the seller has marketable title.

                                  They will also be looking to see what may need to be taken care of at Closing. Things like mortgages, liens and back taxes will need to be paid at Closing. A list of things needed to complete a Closing is created. After all of these things are reviewed the Title Examiner will issue a Title Commitment.

                                  Coordination

                                  Title Companies have a large staff. Different people do different jobs. One of the main jobs is coordinating. The Title Company needs to be sure everything comes together nicely. That means making sure liens are paid off. Getting paperwork to banks and lenders on time.

                                  There are also documents that need to be made prior to closing. Deeds and Closing Statements need to be created. Numbers need to be double checked. All of this takes a lot of time and effort. Title Company employees work hard to coordinate Closings.

                                  Escrow Services

                                  Title Company’s also provide escrow services. They hold all of the funds.

                                  After Closing they send the funds were they need to go. They will send money to pay off existing mortgages and liens. This is done to be sure that everything that needs to be paid gets paid.

                                  The buyers and sellers don’t actually touch the money. Everything else gets paid first. After those payments are made the sellers are sent any money that they are due. Usually this is done with either a check or a wire transfer.

                                  Closing Services

                                  When everything is properly prepared a Closing will be arranged. At Closing the buyers and sellers meet with a Settlement Agent. The Settlement Agent will explain the paperwork and gather the required signatures.

                                  They will show you exactly what money is going where. They will also answer any last minute questions you may have. Once the Closing is complete the Title Company will make sure that all of the documents get properly filed.

                                  How Do You Pick A Good Title Company?

                                  You want to be sure the Title Company you work with will help you. First look at online reviews. Then referrals from friends and family.

                                  Not all Title Company’s are equal. Be sure you work with one that will meet your needs. Don’t be afraid to ask questions and get to know the staff! If they have a great reputation and great customer service you’re on the right track.

                                  181-Close-Now buys a lot of houses! We have worked with many different Title Companies. Here are just a few that we can highly recommend!

                                  Trustmark Title

                                  Lincoln Title

                                  Photo courtesy of Old Republic Title Company

                                  Does 181-Close-Now Work With Title Company’s?

                                  Selling your house fast is easy with 181-Close-Now. We work closely with the Title Company to make sure things get done FAST! Our Closing Options Analysts go above and beyond to get your file to the front of the line. This means we are able to close faster than other homebuyers!

                                  Be careful! A reputable homebuyer will ALWAYS have a proper Closing. If someone tries to buy your house without doing title work or having a Closing something is wrong. Title work protects the sellers as well as the buyers. 181-Close-Now will NEVER ask you to sell a house without a formal Closing and proper title work.

                                  Sell Your House Fast With 181-Close-Now

                                  See just how fast and easy selling your house can be. Just give us a call at 181-Close-Now or fill out our Sell My House Fast Contact Form. One of our Closing Options Analysts will help you every step of the way. You can also fill out the form below. Your privacy is always protected and there is no obligation.

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                                    As Featured On

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                                    181CloseNow As Featured On NBC Fox CW ABC News We Buy Houses For Cash As-Is Fast

                                    When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!

                                    Get In Touch With Us

                                    Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

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                                      What Is A Purchase Agreement In Real Estate?

                                      Purchase Agreement

                                      This post was last updated on July 12th, 2021 at 08:23 pm

                                      When we buy houses we usually use a Purchase Agreement. You can call it a Sales Agreement or Contract. It all refers to the same thing. A Purchase Agreement is a written agreement between a buyer and seller. It outlines all of the terms and conditions of the transaction. You don’t have to spend money on a fancy document. Any document outlining the important details will do.

                                      Some people try and buy or sell a house on a handshake. This is a very bad idea. If everyone is being honest there is no reason to NOT have a written Agreement. Even if you trust the other person you will still need a written Agreement.

                                      More importantly? Without a written agreement the Title Company won’t do anything. No Title Work means no Closing. That makes a Purchase Agreement very important!

                                      Do You Have To Have A Purchase Agreement To Sell A House?

                                      When you are buying or selling a house you should ALWAYS have a Purchase Agreement.

                                      • It will allow a Title Company to start Title Work
                                      • A Purchase Agreement clearly outlines everyone’s responsibilities
                                      • Real Estate is considered something of substantial value

                                      Title Company’s Need A Purchase Agreement

                                      A Title Company will not start Title Work until a Purchase Agreement has been provided. It let’s the Title Company know that a buyer and seller are working to complete a transaction.

                                      They know that if they start the labor-intensive process of Title Work they are probably going to get paid. It lists when the Closing can happen. This gives the Title Company assurance that they aren’t doing a lot of work for no reason.

                                      The Title company also uses the Purchase Agreement to prepare closing documents. They look at the Purchase Agreement to know all of the details that have been agreed to. This is one of the most important reasons to never do a handshake transaction.

                                      The Title Company needs a written Purchase Agreement to work from. It provides them with information about price. They can also use it to meet deadlines. The Purchase Agreement tells the Title Company who get’s what and who pay’s for what.

                                      A Purchase Agreement Clearly Outlines Everyone’s Responsibilities

                                      A Purchase Agreement outlines everyone’s responsibilities. It should state the buyer, seller, purchase price, earnest money and the address of the house. Closing dates and inspection periods are also common.

                                      By having the details of the transaction outlined it’s less likely disputes will arise. There are people who simply will not honor an agreement. Luckily most people will.

                                      By having a Purchase Agreement you have a document you can reference if any disagreements arises. Be sure and keep a copy for your files. You may need it later if there is a disagreement.

                                      Real Estate Is Considered Something Of Substantial Value

                                      There are a lot of things in life you don’t need a Purchase Agreement for. If you’re trying to buy or sell a house quickly a Purchase Agreement is literally required.

                                      One of the central tenants of Contract Law is that a written agreement should be used on any transaction of substantial value. Written agreements are also required in any transaction that will take more than a year to complete.

                                      Houses are considered to have substantial value. When you are selling a house you are dealing with a legal transaction. Everyone needs to be able to agree on inspection periods, who will pay for different costs and other issues. A written agreement also helps avoid disagreements later on.

                                      The actual value of the house doesn’t matter. Sometimes houses aren’t worth a lot. There are houses that need a lot of repairs. Others are in bad areas. Even if you aren’t dealing with a large amount of money you are still dealing with a piece of Real Property.

                                      Don’t take our word for it. Look what the legal experts have to say about having to have a written agreement when dealing with real estate.

                                      Purchase Agreement’s Are Important When You Want To Sell A House Fast

                                      It’s important to remember that a Purchase Agreement is a legally binding contract. It’s always wise to read it carefully before signing. Be sure that you understand exactly what you are signing. You want to double check that the purchase price, inspection dates and other information is correct.

                                      Purchase Agreements do not have to be complicated. They can be a simple one or two page document. If you sell your house to 181-Close-Now you can rest easy knowing we will go over the Purchase Agreement with you.

                                      Our Closing Options Analysts are trained to review the Purchase Agreement with out clients. We want to be sure everyone’s on the same page. This is one of the reasons out clients love us!

                                      Ready To Sell your House Fast?

                                      If you’re ready to sell your house fast we would like to make you an offer. We make selling a home simple. Just fill out our Sell My House Fast Contact Form or fill out the form below and we will make you an all cash offer. We buy houses as-is with no repairs needed, your privacy is always protected and there is no obligation.

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                                        As Featured On

                                        181CloseNow We Buy Houses For Cash As-Is Fast
                                        181CloseNow As Featured On NBC Fox CW ABC News We Buy Houses For Cash As-Is Fast

                                        When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!

                                        Get In Touch With us

                                        Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

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                                          What Is An Option Agreement In Real Estate?

                                          Option Agreement

                                          This post was last updated on July 12th, 2021 at 08:23 pm

                                          In real estate an Option Agreement is a type of Purchase Agreement. An Option Agreement gives a potential buyer the right, but not the obligation, to purchase a house.

                                          The Option Agreement says the buyer can buy a house for a certain amount of time, at a certain price and on certain terms. This is very similar to other Options Agreements such as Stock Options. A key feature of an Option Agreement is that a buyer CAN buy a house. But they don’t HAVE to buy the house.

                                          What Does An Option Agreement Contain?

                                          A well written option agreement will contain at the minimum:

                                          • An expiration date
                                          • A Purchase Price
                                          • The Premium paid for the Option
                                          • Description of the Asset or Property

                                          Expiration Date Of An Option

                                          A good Option Agreement should clearly state the date the Option expires. The expiration date of the Option is the date by which the buyer has to notify the seller whether or not they plan to execute, or use, the Option.

                                          The transaction does not have to be completed by the expiration date. The expiration date is simply the date by which the buyer must notify the seller of their intent to move forward. If the expiration date passes without Execution the option is no good. This is called Option Expiration.

                                          Using Option Agreements Can Be Dangerous

                                          I recently saw an Option Agreement that had no expiration date! A friend of mine purchased it. He now has the right to buy a certain house at a certain price anytime he chooses!

                                          The option has no expiration date. By failing to put an expiration date the seller gave him an option that may never end. This is one very important reason to be sure that an Option Agreement has a clear expiration date!

                                          Purchase Or Strike Price Of An Option

                                          When we talk about Options Agreements the proper term for purchase price is the Strike Price. The price which the house can be purchased. It’s the same thing.

                                          The purchase price, like other aspects of an Option Agreement, are negotiated between the buyer and seller. This is the price that the buyer must pay to be able to buy the house.

                                          If the buyer is not willing to pay the purchase price then the Option Agreement is not likely to get executed. Setting a Strike Price too high can make it very hard to sell an Option Agreement. Few buyers are willing to buy an Option they know they can’t execute.

                                          What Is An Option Premium

                                          When using Options a Premium is the amount that the buyer pays the seller for the rights they are receiving. The seller gets to keep this Premium even if the Option doesn’t get exercised or expires.

                                          The seller is giving the buyer rights to buy the property at a certain price for a certain amount of time. The Premium is what the seller receives for doing this. There is no set Premium that an Option Agreement must have.

                                          It can be as little as a few dollars or as much as several million! The Premium, like most aspects of an Option, is negotiated between the buyer and seller.

                                          What Type Of Property Description Does An Option Contain

                                          An Option Agreement can contain any type of property description that the buyer and seller are comfortable with. It can be something as simple as the address to a house. Sometimes it can be a complicated legal description for a property. It depends on the type, size and value of the property.

                                          As long as the description can accurately describe the property (and makes both the buyer and seller feel comfortable) the property description can be written any way you like.

                                          What Are Option Agreements Used For

                                          Now we know a little about what a basic Option Agreement contains. Next lets look at what they can be used for.

                                          Basic Option Agreement Example

                                          Let’s say Sam has 20 acres of undeveloped land by the highway. Tom thinks that the area by the highway will soon be used for commercial development. Sam will sell the property for $500,000. Tom thinks the property is worth about $200,000.

                                          Tom and Sam agree to use an Option Agreement. Sam is willing to sell the property to Tom for $500,000 any time in the next 2 years. They agree that Tom will pay Sam a $5,000 premium for the Option. Sam gets to keep the $5,000 premium even if Tom doesn’t end up executing the option.

                                          About 6 months later the area by the highway starts being developed for commercial use and starts selling for over $100,000 per acre. Tom tells Sam he would like to execute the Option and they move forward with the transaction. Tom would then pay Sam $500,000 for the 20 acres.

                                          This is a bit of an extreme example but it shows why an Option Agreement can be a good idea in certain situations. If Tom had been wrong and the land had not suddenly gone up in value he could have just let the Option expire in which case he would have only been out the premium he paid.

                                          What Is The Most Common Real Estate Option

                                          Options are not uncommon in real estate. We see them most when we look at Lease Options. Lease Options combined a residential lease with a purchase Option Agreement.

                                          It’s often said that 99% of Options expire and become worthless. While some sources say that the number is much lower they usually only look at Stock Options. Most Options, especially those that are part of a Lease Option, do indeed expire and become worthless.

                                          Should I Use An Option Agreement To Buy Or Sell A House?

                                          Option Agreements can be very powerful. They can also be very dangerous. Most people simply don’t understand Option Agreements. You should never use a tool you don’t know how to use.

                                          I’ve seen a lot of landlords and tenants both have issues with Option Agreements. Landlords want to make more money but end up with legal issues. This is normally because they don’t understand what they are offering their tenants.

                                          Sometimes it’s the tenant that loses out. I’ve met many tenants who thought they were getting more than they understood. They spend a lot of money for an Option Agreement that was never going to be executable.

                                          Does 181-Close-Now Use Option Agreements?

                                          The job of a Closing Options Analyst for 181-Close-Now is to find a closing solution that fits your need. 181-Close-Now prefers to use a Purchase Agreement. But if it helps a client we will consider using an Option Agreement in certain circumstances.

                                          We have a rule when using an Option Agreement. Our Closing Options Analyst will go over the agreement with you in detail. We make absolutely sure that out clients understand what an Option Agreement is. You’ll know what it is and why it best fits your situation!

                                          Unlike other companies that buy houses in Oklahoma 181-Close-Now always keeps you informed! See the 181-Close-Now difference for yourself.

                                          Ready To Sell Your House Fast?

                                          If you’re ready to sell your house fast we’re here to help. Just fill out our Sell My House Fast Contact Form to or give us a call at 181-Close-Now and we will make you a cash offer.

                                          We buy houses as-is so you never have to make repairs. Just fill out the form below and one of our Closing Options Analysts will call you to speak about your unique situation. Your privacy is always protected and there is no obligation.

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                                            What Our Clients Have To Say

                                            181-Close-Now makes selling your house fast and easy. Don’ t take our word for it. Check out our Client Testimonials. Here’s what one of our past clients had to say about their experience selling a house to 181-Close-Now:

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                                            Even if you aren’t ready to sell your house you can still get in touch. Questions or concerns? Our team is here to help! You can use our Contact Us page, call us at 1(812)567-3669 or email Support@181closenow.com Or just send us a quick message:

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                                              What Is A Closing When Selling A House?

                                              Closing

                                              This post was last updated on July 12th, 2021 at 08:23 pm

                                              If you want to sell a house fast you will need a Closing. This is when the magic happens. The last step in a selling your house. This is when everything gets taken care of.

                                              The paperwork gets finalized. Sellers get their money. Buyers get their keys. You are closing, or completing, the transaction! Sometimes it may also called Settlement. This is the time when the last details are taken care of and the sale is finalized. It’s the moment everyone’s been waiting for!

                                              What Happens At Closing?

                                              First everyone shows up at the agreed date and time. Usually at the Title Company. Next everyone will provide a copy of their identification. Then the Settlement Agent will make copy’s of everyone’s I.D.’s.

                                              Typical Closing Documents will:

                                              • Deed’s: The Deed is what actually transfers ownership of the property. The Settlement Agent will usually have several copies in case it gets signed incorrectly.
                                              • Settlement Statements: The Settlement Statements are prepared for both parties. This document gives a breakdown of the expenses related to the transaction.
                                              • Disclosures: The Settlement Agent will have Disclosures that must be signed. There may be several different disclosures.
                                              • Financing Documents: If a buyer is borrowing money the Settlement Agent will have documents for the loan.
                                              • Other Documents: The Settlement Agent will have any other documents that may be needed. This could include survey’s, insurance documents or releases.

                                              What Is A Typical Closing Like?

                                              Once all of the I.D.’s are copied and the documents prepared the Closing can get underway!

                                              First the Settlement Agent will start by explaining the documents. They will go over each document one at a time. This way you understand what you’re signing. They will also be sure you sign or initial in the correct places.

                                              After the documents are signed the Settlement Agent will Notarize the documents. These official copies are usually sent to the County. Everyone involved will usually be given copies of the documents.

                                              After the document are signed the seller gives the keys to the buyer. At this point the Closing is actually complete! Everyone can breath easy. Your house is officially SOLD! Now the house has a new owner!

                                              Does Anything Happen After Closing?

                                              When the Closing is completed the transaction is considered finished. Everything else is the Settlement Agents responsibility. The Settlement Agent will make copies of all the documents. Next they will make sure that the Deed is properly recorded.

                                              The Settlement Agent will make sure that the funds get disbursed. Funds are usually distributed by check from the Title Company. The Title Company may wire funds directly instead of issuing checks.

                                              How Long Will Closing Take?

                                              How long a Closing takes will depend on the specifics of your transaction. If you the buyer is borrowing money a Closing can take several hours. I’ve been in Closings that took all day! Closing day is supposed to be the best part of selling a house. Not something that takes hours to get over with.

                                              Why Is Closing Different When Selling A House Fast With 181-Close-Now?

                                              The 181-Close-Now team always makes Closing as easy as possible. Our average Closing takes less than 10 minutes! We make sure everything is ready before you arrive. Usually it’s just a few signatures and everything is finalized. Our clients tell us it’s the fastest way to sell a house they’ve ever heard of.

                                              How Can 181-Close-Now Close So Fast?

                                              181-Close-Now buys houses as-is. That means there’s no inspections or repairs to deal with. It also makes the Closing process much faster.

                                              Remember 181-Close-Now pays cash for houses. By paying cash we make the Closing process super fast! Since we don’t borrow money to make each purchase there’s less paperwork at Closing. This helps speed the Closing process up even more.

                                              Our Closing Options Analysts work closely with our Title Companies. This means we are able to do a lot of the work before you get to Closing. Our clients tell us we have the FASTEST Closings in Oklahoma!

                                              A Closing that involves appraisals, surveys and inspections can take substantially longer. The average Closing takes about 45 minutes to an hour. If you have a good Settlement Agent your closing should go smoothly.

                                              Ready To Sell Your House And Close Fast?

                                              Selling a house and want to Close fast? We’d like to make you a cash offer. You can give us a call at 181-Close-Now or fill out our Sell My House Fast Contact Form. Your privacy is always protected and there is no obligation.

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                                                Have questions, concerns or want to speak with our staff? Just fill out the form below and your message will go directly to one of our Closing Options Analysts. Even if you’re not ready to sell we’re here to help.

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                                                  When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC NewsFoxThe CWABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!