Frequently Asked Questions
Perhaps you have a few questions—most people do, and that’s perfectly normal. We’ve put together a quick collection of some of the questions people frequently ask us, along with our answers. If you still have a question, please don’t hesitate to contact us anytime. We’re here to help!
1. How do I know your offer is fair?
We ensure a fair price by providing a detailed explanation of our offer, which includes an assessment of the market value, estimated repair costs, and anticipated selling expenses. We also disclose our expected profit margin, which is kept modest to ensure you get a competitive offer. This transparency allows you to understand exactly how we arrive at our offer, ensuring you receive a reasonable cash offer that aligns with market standards and maintains our ethical commitment.
2. How do you determine the price for my property?
We start by assessing the after-repair value (ARV) of your property, which is an estimate of what the property will be worth once all necessary repairs and renovations are completed. We then calculate the costs associated with these repairs, as well as the expenses involved in selling the property, such as closing costs and agent commissions. By subtracting these costs and factoring in a modest profit margin, we arrive at a fair cash offer. This thorough and transparent process ensures you receive a prompt and fair cash offer without the complexities and delays of traditional sales methods.
3. What is your buying process?
Our buying process is designed to be straightforward and efficient. We eliminate intermediaries and purchase your property directly, regardless of its condition, using cash. The process begins with a market analysis and a property assessment, during which we evaluate the property’s current state and potential. Based on this evaluation, we provide a fair price with a modest profit margin. This direct approach saves you from additional expenses such as repairs, commissions, and lengthy listings, allowing for a quicker sale. For more details about our process, you can visit our How it Works page or contact us directly for personalized assistance.
4. How can I be sure that selling to you is my best option?
Selling through a traditional real estate agent can be time-consuming and costly, often involving repairs, inspections, and multiple showings that can negatively affect your asking price. By contrast, we offer a quick and straightforward solution. We conduct a thorough evaluation of your property, cover any potential expenses, and present you with a fair offer, allowing for a fast and hassle-free sale. Moreover, if, after our evaluation, we believe that working with an agent might be a better option for your specific situation, we will honestly advise you to pursue that route. Our goal is to provide you with the best possible outcome, even if it means not working with us.
5. Why should I choose LOD Properties?
At LOD Properties, we prioritize trust, transparency, and integrity in all our dealings. We clearly outline our pricing structure and expected profit, ensuring there are no hidden costs or surprises. Our aim is to offer you the highest possible payment while saving you time and reducing the costs associated with traditional sales methods. We are committed to providing you with an offer that aligns with your financial goals and needs. By choosing U.S Home Buyers, you can expect a fair, honest, and straightforward transaction that prioritizes your best interests.
6. Do you buy properties that need repairs?
Yes, we specialize in purchasing properties that need repairs. We take on properties in various conditions and handle all necessary refurbishments ourselves. This means you don’t have to worry about making any repairs before selling; we take care of everything. Our efficient process usually concludes within a month, and in some cases, it can be completed in as little as two to three weeks. This quick turnaround saves you time and money and the hassle of dealing with repairs and renovations.
7. What happens to my property after you buy it?
After purchasing your property, we invest in renovating it to meet current market standards. These renovations can include anything from minor repairs to major overhauls, depending on the property’s needs. Once the property is updated, we list it for sale, covering all associated costs such as repairs, closing costs, and real estate commissions. This process not only improves the value of the property but also contributes to the overall enhancement of the neighborhood, supporting local property values and stimulating the local economy.
8. Do I need to clean or repair my property before selling it?
No, you do not need to clean or repair your property before selling to us. We purchase properties in their current condition, regardless of cleanliness or needed repairs. You can leave the property exactly as it is, and we will handle any necessary cleaning and improvements after the sale. This allows you to sell your property quickly and without the stress or expense of preparing it for sale.
9. Am I obligated to sell after submitting the form?
Submitting the form does not obligate you to sell your property to us. It simply initiates the process of evaluating your property and providing you with a fair offer. You are free to decide not to proceed at any point without incurring any costs or penalties. We respect your decision and will even guide you to a suitable alternative if necessary. Our goal is to ensure you make the best decision for your situation, and our earnings come solely from the profit we make after acquiring and reselling the property.
10. How many properties do you purchase?
We purchase multiple properties across various markets, allowing us to optimize pricing and maintain smaller profit margins. This approach benefits everyone involved, as it supports community development and provides sellers with competitive offers. Additionally, our extensive network means that if we are unable to purchase your property directly, one of our trusted partners might be able to step in and complete the purchase. This ensures that you have multiple avenues for a successful sale.