Selling to Oak Street Properties vs Listing with a Local AZ Agent
When it comes to selling your home, you have several options. Two popular methods are selling to Oak Street Properties and listing with a local real estate agent. Each approach has its own set of advantages and disadvantages, and the best choice depends on your specific circumstances and goals. This article will explore the key differences between these two methods to help you make an informed decision.
Even in a seller’s market like AZ, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local Phoenix agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options.
Selling with an Agent | SOLD to Oak Street Properties | |
---|---|---|
Commissions / Fees: | 6% on average is paid by you, the seller | NONE |
Closing Costs: | 2% on average is paid by you, the seller | NONE – We pay all costs |
Inspection & Financing Contingency*: | Yes, sales can fall through | NONE |
Appraisal Needed: | Yes, the sale is often subject to appraisal | NONE – We make cash offers |
Average Days Until Sold: | +/- 91 Days | IMMEDIATE CASH OFFER |
Number of Showings: | It Depends | 1 (Just Us) |
Closing Date: | 30-60 +/- days after accepting buyers’ offer | Date Of YOUR CHOICE |
Repairs Cost?: | Negotiated During Inspection Period | NONE – We pay for all repairs |
Key Differences
- Speed of Sale: Selling to Oak Street Properties can often be completed in a matter of days, providing a quick solution if you need to sell fast. In contrast, listing with an agent can take several months, depending on the market conditions and buyer interest.
- Certainty: With Oak Street Properties, you receive a cash offer and can avoid the uncertainty of buyer financing falling through. Listing with an agent involves more variables, including buyer financing and home inspections, which can delay or derail the sale.
- Costs: Selling to Oak Street Properties means no agent commissions or closing fees, which can save you thousands of dollars. Listing with an agent typically involves paying a commission of 5-6% of the sale price, along with other closing costs.
- Repairs and Upgrades: Oak Street Properties buys homes as-is, so you don’t need to invest in repairs or upgrades. When listing with an agent, you may need to make your home market-ready, which can involve significant time and expense.
- Convenience: Selling to Oak Street Properties is a hassle-free process with minimal paperwork and no need for open houses or showings. Listing with an agent requires preparing your home for showings and accommodating potential buyers’ schedules.
Making the Right Choice
Consider your priorities and circumstances when deciding between these two options. If speed, certainty, and convenience are your top concerns, selling to Oak Street Properties may be the best choice. If you have the time and resources to invest in preparing your home for sale and want to maximize your sale price, listing with a local agent might be more suitable.
Ultimately, the best choice depends on your specific needs and goals. By understanding the key differences between these methods, you can make an informed decision that aligns with your priorities.
Work The Numbers and See Which Way Helps You Get There…
When you really work the numbers, you start to see the real benefits that each way of selling your AZ house offers.
Yes, here at Oak Street Properties we won’t be able to offer you full retail value for your house… but we also offer other benefits that the traditional house sale route can’t offer.
Like…
From offer to close and cash in your hand in as little as 7 days
You can get rid of the headache of that property fast and avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, you get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.
Don’t worry about fixing anything up or cleaning your house again and again for buyer after buyer
We don’t care how dirty your house is (we’ve seen worse!) or how many repairs are needed (a complete fixer? Great! We love projects)... We’d like to make an offer on your house. This saves you time and money that you can keep in your pocket.
Don’t worry about paying those pesky closing fees (we’ve got you covered)
Because we are a full-service, professional home buyer here in AZ, we make it easy for you. We pay for all of the closing costs. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property). Pretty refreshing eh?
So when you add up the time you could save by working with Oak Street Properties, the no-hassle experience, and the money you’ll save on commissions, fees and holding costs while you wait to sell the traditional route… for many area homeowners selling to a professional house buyer is the best viable option.
Is it for you?
See for yourself and get a fair, all-cash offer on your house today.
Just fill out the short form below or give us a call at (480) 637-5500 and let’s chat! Our process is simple, and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below.
When you consider the traditional route, there are several factors to keep in mind. Listing your house with a real estate agent can take time, often months, to find a buyer and close the deal. During this period, you continue to incur costs such as mortgage payments, property taxes, insurance, and maintenance. These holding costs can add up quickly, eating into your potential profit.
Moreover, selling through an agent typically involves commissions and fees, which can be substantial. Real estate agents usually charge around 5-6% of the sale price as their commission. On a $300,000 house, that’s $15,000 to $18,000 right off the top. Additionally, there may be other closing costs that you, as the seller, are responsible for, further reducing your net proceeds.
In contrast, selling to a professional home buyer like Oak Street Properties eliminates many of these expenses. We buy houses in any condition, so you don’t need to spend time or money on repairs or cleaning. We handle all the closing costs, and there are no agent commissions to worry about. The offer we make is the amount you receive, minus any outstanding mortgage or liens.
Another significant advantage is the speed of the transaction. Traditional sales can take months, but we can close in as little as 7 days. This quick turnaround means you can move on with your life without the stress and uncertainty of a prolonged sale process. Whether you’re facing foreclosure, dealing with a divorce, or simply need to relocate quickly, our streamlined process can provide the relief you need.
Ultimately, the choice depends on your priorities and circumstances. If maximizing the sale price is your primary goal and you have the time and resources to wait for the right buyer, the traditional route might be suitable. However, if you value speed, convenience, and certainty, selling to a professional home buyer like Oak Street Properties could be the better option.
Take the first step today by filling out the form below or giving us a call at (480) 637-5500. Let’s discuss your situation and see how we can help you achieve your goals. There’s no obligation, and you might find that our offer is just what you need to move forward with confidence.
What Do You Have To Lose? Get Started Now...
We buy houses in ANY CONDITION in AZ. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (480) 637-5500...*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.
When selling to Oak Street Properties, we don’t use bank financing, so you don’t have to worry about our ability to close on a deal.