This post was last updated on October 3rd, 2021 at 04:50 pm
Sell Your House As-Is Del City
Selling your house fast in Del City doesn’t have to be stressful. We buy houses in any condition. No repairs, no stress. 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!
Selling Your House In Del City To 181-Close-Now Is Simple
181-Close-Now makes selling your house fast and easy! 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 Del City
As Del City’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 House As-Is Saves You Money
Repairs take a long time and cost money. Most homeowners don’t make repairs because they make more money. Repairs are usually made just so a house will pass inspections or look nice. 181-Close-Now doesn’t waste our clients time or money. We buy houses as-is. No paying for those costly repairs and no wasted time. Selling your house as-is makes sense for over 95% of our clients.
We Handle Everything
Selling a 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 Del City. 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.
Client Testimonials: Need To Sell My House Fast Del City Oklahoma
We let our track record speak for itself. Our team makes sure our clients are taken care of. Don’t take our word for it. Check out our Client Testimonials. Here’s what one of our clients had to say:
Ready To Sell Your Home Fast In Del City?
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.
Why Is It Hard To Buy Houses In Del City Oklahoma?
A few years ago it became very difficult to buy houses in Del City. Being close to Tinker Air Force Base has made the area popular with land lords for a long time. Unfortunately it has also caused a lot of problems. As a result sometimes no one wants to buy your house if it’s in Del City.
Why Investors Bought Houses In Del City
Up until recently many of the property owners in the Del City were investors. Most of those investors lived out of state. Investors, especially from places like California, bought up rent houses in the area. This let out of state investors produce rental income and serve our military at the same time.
Being at Tinker is often short term. Service men and women will often look for a reasonable rental property. They know they won’t be here long enough to justify buying a house so they choose to rent.
Buying a house in Del City could often produce a better return on investment than buying in Oklahoma City. A house that would cost over $150,000 in some areas may only have a fair market value of $50,000 – $65,000 in Del City. Landlords may be able to produce positive cash flow. Something you can’t do in more expensive markets.
The Problem With Out Of State Owners
The problem was that a lot of these “real estate investors” were not professionals. They were usually individuals with limited investment experience. A pattern started to form. When tenants moved out these houses would need some minor repairs.
Instead of fixing these small issues the landlord would just lower the rent for the next tenant. The problem was that this became a pattern. After each tenant would move out more stuff would need to be fixed. Rental rates would go lower and the deferred maintenance would keep growing.
Years of this resulted in a city full of run down rent houses. Out of state owners neglected the houses. Many of them had to be demolished. This ultimately caused rental rates to drop.
What Did The City Do To Address This Issue?
On November 1, 2008 the City of Del City passed City Ordinance Number 1334, the Housing Inspection Program. This new city ordinance ” is a unique program developed by the City of Del City. Ordinance No. 1334 makes it unlawful to occupy (or cause to be occupied) a residential structure without a Certificate of Occupancy. It also makes it unlawful for a utility provider (including the Del City Municipal Services Authority) to initiate utility services to a property without a Certificate of Occupancy. Furthermore, a separate ordinance and a Resolution of the Del City Municipal Services Authority provide that city utility accounts would only be opened in the name of the primary occupant of a structure. Contrary to most claims, every residential structure in Del City is inspected, not just rental houses.”.
Under this program ALL houses in Del City have to be inspected before they can be occupied. Inspections require a fee and almost every inspection finds at least some small detail which needs to be addressed before the Certificate of Occupancy will be issued.
In theory this was supposed to make sure that landlords and other property owners addressed any issues that their properties had.
What Was The Result Of This New Ordinance?
The best of intentions met with some unintended consequences. What was supposed to be a way to motivate home owners to keep their properties in better condition ended up causing landlords to sell their properties as quickly as possible.
Landlords started dumping rent houses in Del City. We saw a lot of out of state investors sell their rent houses and leave the area. Local investors stopped buying houses in Del City. The housing market in Del City started falling apart.
Now we have a large amount of vacant houses in Del City. Entire apartment complexes are now vacant. Other major investors have let their apartment complexes and rent houses go into foreclosure. A few larger companies have even filed for bankruptcy protection.
Rental rates fell and so have housing prices. It is not uncommon to see a house sell for less than half of what it would in Oklahoma City. This is virtually 100% due to fall out from this ordinance.
What Has The Response Been From Investors?
Oklahoma City is a big place. When we talk to investors they feel there are simply too many great opportunities. Why waste their time messing with houses in Del City? Most investors won’t buy a house in Del City Oklahoma. The majority don’t even bother to go look at a house in Del City.
Those that will consider it usually only consider buying some of the nicer houses. They only want houses that they can resell to owner occupants. Even these experienced investors won’t normally considering keeping a house as a rental. Even if they can get it at a stellar price.
It’s just not worth all of the extra effort. Especially when you have to have a new inspection every time you change tenants. Even if it’s in the same week!
181-Close-Now Buys Houses No One Wants To Buy
181-Close-Now is proud to be recognized as one of Del City’s best home buying companies. We’ve been featured on NBC News, Fox, The CW, ABC News and many more! Our team is the best and the most experienced home buying team in Oklahoma.
We can handle what the other guys can’t. Our team has purchased houses all over Del City. We know how to deal with the city ordinances, the market and the city officials. Other home buying companies may not want to buy houses in Del City but we never back down from a challenge!
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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