Frequently Asked Questions
Here are some of the most frequently asked questions we get about the cash buying process. If you are looking for additional information, please give us a call!
How long does it take to sell my property after my offer is accepted?
Selling to a cash buyer expedites the process compared to a traditional sale. While individual circumstances may influence timelines, in most cases, we aim to present our offer within 24-48 hours of viewing the property. Once the offer is accepted, our final inspections and due diligence, conducted by our dedicated investment team, typically span 7-20 days. Finally, if everything checks out we aim to close the deal within 7-10 days from the completion of inspections. This streamlined approach often results in a 30-day timeframe from start to when you get paid, in contrast to the longer 60-90+ day durations often associated with traditional transactions.
Can I sell if I live out of state?
Absolutely. Many of the members on our team are accustomed to working with out-of-state property owners. The process is facilitated through digital communications, electronic document signing, and the use of local title companies to handle the closing. Regardless of where you reside, we will provide a transaction that is smooth and seamless.
What Types Of Property Do You Buy?
We specialize in purchasing a variety of property types including : Single Family Homes, Multi Family properties (up to 30+ units), Land, and Commercial. Whether it's a house, apartment building, vacant land, or a commercial space, we're interested in making a fair and competitive offer.
What if there are Liens on my property?
Having liens on your property doesn't necessarily disqualify it from our consideration. We have experience dealing with such situations and can work with you to find a solution. If the value of the lien exceeds the value of the property it will probably not be a good fit, but you can contact us and we'll explore the options together.
Do you Buy Property in Foreclosure?
Yes, we do buy properties in foreclosure. If you're facing foreclosure, selling to a cash buyer like us can provide a viable solution. We understand the urgency of such situations and can work quickly to navigate the process, providing a fair offer and helping you avoid the complications of foreclosure.
Do I have to pay for repairs?
No, you don't have to worry about making any repairs. We buy properties as-is, which means you can sell your property in its current condition.
How do you determine the property value?
A thorough assessment that takes into account various factors, including the property's condition, location, market trends, and comparable sales. Our goal is to provide a fair and competitive cash offer that reflects the true value of your property in its current state.
What Do You Do With The Home After You Purchase It?
We are real estate investors. When we purchase your home, we have a team and partners who usually repair and/or improve it. After the improvements are complete, most of the time the property is sold to another buyer or rented out.
If you have any more questions or need further clarification, feel free to reach out to us at:
Phone: 937-519-3787
Email: info@leenacquisitiongroup,com