Thinking of selling your house fast in Oklahoma City? W Properties, a cash home buyer, might have caught your eye. But before diving in, it’s crucial to understand their services, legitimacy, and how they compare to other options. This in-depth review will equip you with the knowledge needed to make an informed decision.

Company Overview

W Properties is a cash home buyer specializing in helping Oklahoma City homeowners sell their properties quickly and conveniently. They boast over 10 years of experience and have purchased hundreds of houses in the area. Their primary focus is on buying single-family homes in “as-is” condition, eliminating the need for pre-sale repairs and streamlining the selling process.

What W Properties Offers:

• Cash Offers: They provide free, no-obligation cash offers within 24-48 hours of contacting them.
• Fast Closing: W Properties aims to close the deal within 7-14 days, allowing you to receive your money quickly.
• As-Is Purchases: You can sell your house in its current condition, without worrying about repairs or renovations.
• Experience: They leverage their 10+ years of experience in the Oklahoma City market to provide a smooth selling experience.

Is W Properties Legit?

Here’s a breakdown of W Properties’ legitimacy:

• Positive Google Rating: They boast a 4.8-star rating with 46 reviews on Google. While a good sign, it’s important to consider the potential for bias in platform-specific reviews.
• No Yelp Review: The lack of presence on Yelp, another popular review platform, limits the scope of independent customer experiences.
• BBB Accredited: W Properties holds accreditation with the Better Business Bureau (BBB). However, their current rating sits at 3.33/5 with only 3 reviews. While the lack of complaints is positive, the low number of reviews doesn’t provide a comprehensive picture.
• 10+ Years in Business: Their website claims over 10 years of experience and purchasing hundreds of homes in Oklahoma City. This longevity suggests some level of stability in the market.

Overall: W Properties appears to be a legitimate company with some positive customer feedback on Google and BBB accreditation. However, the limited scope of reviews across platforms warrants further research before moving forward.

What Types of Properties Do They Buy?

W Properties focuses on buying single-family homes in Oklahoma City and surrounding areas. Their website specifically mentions their interest in:

• Any Condition: They claim to buy houses “as-is,” potentially saving you time and money on pre-sale repairs. This could include houses needing cosmetic updates, structural repairs, or facing foreclosure.
• Inherited Properties: If you’ve inherited a property and need a quick sale, W Properties might be an option.
• Relocation: If a job change requires a fast move, their services can help you avoid a traditional sale with its uncertainties.
• Financial Difficulties: Facing foreclosure or financial hardship? W Properties might offer a solution with a quick cash sale.

Coverage

W Properties primarily serves homeowners throughout Oklahoma City and surrounding areas. 

Selling Process

W Properties outlines a streamlined selling process on their website:

1. Contact: You can initiate contact through a form on their website or by phone.
2. Cash Offer: They claim to provide a free, no-obligation cash offer within 24-48 hours of contacting them.
3. Closing: Once you accept the offer, they handle the closing process. Their website mentions a timeframe of 7-14 days.
4. Payout: You receive cash at closing.

Important: Be sure to get a written breakdown of the offer terms during your initial contact. This should detail the total cash offer and any deductions or closing costs associated with the sale.

Payout

The specifics of W Properties’ payout structure are not readily available on their website. They emphasize offering cash upfront, but it’s crucial to get a written breakdown of the offer terms during the initial contact. Be sure to understand any deductions or closing costs associated with the sale. These deductions often include closing fees, title fees, prorated taxes, and other potential expenses.

Reviews

• Google: 4.8-star rating with 46 reviews (limited scope and potential for bias)
• BBB: 3.33/5 rating with 3 reviews (limited number of reviews)
• Yelp: No reviews found

The lack of extensive and verified reviews across platforms makes gauging customer experiences challenging. While the positive Google reviews are promising, it’s important to consider the potential for bias in platform-specific reviews.

Pros and Cons

Pros:

• Cash Offer: They offer a quick cash offer, potentially speeding up the selling process compared to a traditional sale.
• Buy As-Is: They advertise buying houses in any condition, eliminating the need for repairs before selling.
• Fast Closing: Their website suggests a quick closing process within 7-14 days.
• Experience: Over 10 years of experience in the Oklahoma City market.

Cons:

• Limited Online Reviews: The lack of extensive and verified reviews across platforms makes it difficult to gauge customer experience.
• Unclear Payout Structure: Details regarding the breakdown of the cash offer and potential deductions are not readily available.
• Geographic Restrictions: Their services seem limited to Oklahoma City and surrounding areas.
• Lower Sale Price: While a quick cash sale is convenient, it’s likely you’ll receive a lower offer compared to a traditional market sale. Cash home buyers typically factor in renovation costs and the time it takes to re-sell the property into their offer price.

Competitors

The cash-for-houses market is competitive in Oklahoma City. Here’s a look at some of W Properties’ competitors:

• We Buy Any House
• Express Homebuyers
• Sell My House Fast
• Oklahoma Cash for Homes

Competitor Analysis

It’s important to compare W Properties with similar companies before making a decision. Here’s a quick comparison:

Additional Considerations:

• Online reputation: While W Properties has a positive Google rating, the lack of presence on other platforms limits the pool of customer experiences. Look for companies with a strong reputation across platforms.
• Closing speed: W Properties’ advertised closing timeframe is competitive. However, compare this with other competitors to see who can offer the fastest closing if that’s a top priority.

Other Options You Should Consider

Before selling to W Properties, consider these alternative avenues:

• Get Multiple Cash Offers: Don’t limit yourself to one offer. Compare proposals from several cash-for-houses companies to ensure you get the best possible price. There are online platforms that connect sellers with multiple iBuyers (instant buyers) for a more competitive market.
• Work with a Real Estate Agent: If market conditions are good and time allows, consider listing your house with a reputable real estate agent. Their expertise can help you achieve a higher selling price in a traditional sale. This might be a better option if your property is in good condition and the market is hot.
• Explore Renovation Options: Depending on your house’s condition and market trends, renovations could significantly increase its value before a traditional sale. This option requires more time and effort upfront, but can potentially yield a higher return.

Cash for Home Companies Near You

Reviews: Should You Sell To Them?

The limited independent reviews and lack of extensive details about the payout structure make a definitive recommendation challenging. However, here are some key considerations before deciding to sell to W Properties:

• Get Quotes from Competitors: Always compare their cash offer to proposals from other companies to ensure you’re getting a fair price.
• Consider Traditional Options: If time isn’t a pressing concern, explore traditional selling methods like working with an agent or renovating before listing. This path could potentially lead to a higher selling price.
• Do Your Research: Thoroughly research any cash-for-houses company before signing a contract. Understand their fees, closing process, and typical offers compared to market value.
• Read Reviews Across Platforms: Look for reviews on Google, BBB, Yelp, and other platforms to get a broader picture of customer experiences.
• Ask Questions: Don’t hesitate to ask W Properties questions about their process, fees, and typical offers.

FAQs

Q: How quickly can I close and receive my money?

A: W Properties prioritizes a fast closing process. Once you agree on a price and finalize the purchase agreement, they aim to close within 2-3 weeks in most cases. They are flexible and can adjust the timeline to your needs, but any potential title issues could cause delays.

Q: How will I receive payment?

A: The closing takes place at a local title company. You have two options for receiving your money:

1. Certified Check: You’ll receive a certified check at closing, which you can deposit immediately at your bank.
2. Wire Transfer: The title company can directly transfer the funds into your designated bank account.

Q: Do you offer full market value for properties?

A: W Properties acknowledges that their offers typically fall below the full market value. This is because they factor in several costs:

• Closing costs associated with the sale.
• Potential repairs or updates needed on the property.
• Holding costs such as insurance, taxes, and utilities while they own the house.
• Their profit when they eventually resell the property.
• Quick Sale: You can sell your house fast without the hassle of repairs or additional costs.

Q: If your offer isn’t ideal for me, are there other options?

A: W Properties understands that their offer may not be suitable for everyone. They can help you explore alternative solutions:

• Traditional Listing with a Realtor: They have connections with realtors who can list your property on the market, potentially leading to a higher selling price.
• Seller Financing: You can potentially sell your house to W Properties on terms, also known as seller or owner financing. This option involves a longer timeframe and may involve more negotiation.

Q: How do you determine your offer price?

A: W Properties considers three key factors when making you an offer:

• Location: The neighborhood and surrounding area significantly impact the property’s value.
• Condition of the House: The extent of repairs or updates needed will influence the offer price.
• Real Estate Market Trends: The current market conditions in your area play a role in determining the offer’s value.

They aim to present a fair offer that benefits both parties. In some cases, they might offer you a choice between a quicker cash payout or a potentially higher price with a longer timeframe.

Q: Are there any hidden fees or commissions involved?

A: W Properties assures there are no fees or commissions associated with their services. This means you won’t pay any closing costs, real estate agent commissions, or other hidden fees.

Final Thoughts 

W Properties offers a convenient solution for Oklahoma City homeowners seeking a fast cash sale for their property. They handle repairs, closing costs, and can close within a few weeks. 

Contact

Website

Address: 800 NE 63rd St Suite 101B, Oklahoma City, OK 73105

Phone: (405) 673-4901

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