You’ve got questions. We’ve got answers.
Q: Can you close in less than a week? I need the cash fast.
A: While it may be possible in some instances, we still need to conduct a proper title search and perform due diligence on the property. This ensures the sale is in the best interest of both parties. The process typically takes more than a week (for good reason), but we can often close on a property within 2 to 3 weeks.
Q: I received an offer in the mail and I’d like to accept your offer price. What’s the next step?
A: Sign and return the purchase agreement by mail — or simply scan and send it to email@example.com. (It’s really that simple.) Then we’ll reach out to you by phone to go over your property details to determine if the sale is in the best interest of both parties.
Q: The deadline has passed on the offer I received from you. Will you still buy my land?
A: It depends on the number of parcels we’ve already purchased in your area and the current demand. Reach out to us on our contact page with the reference number and we’ll review your parcel again.
Q: The deed is not in my name. Can I still sell it to you?
A: No. Even if the original owner was a family member who passed the land on to you in a will, the deed must be in your name in order for us to purchase it. If the person on the deed is deceased, talk to the executor of the will, trustee of the estate, and/or a real estate attorney about getting the deed in your name. Once that’s done, contact us and we’ll be happy to make you an offer. Also, see our blog post 3 Mistakes To Avoid After Inheriting Land.
Q: Who are you?
A: Glad you asked. Click on over to our About Us page to learn more about this small, family-run business and the people you’ll be dealing with.
Q: I have more than one parcel to sell. Will you buy them all? (And what if they’re located in another county or state — will you still buy them?)
A: We’re happy to review and make an offer on any additional parcels you have — regardless of where they’re located.
Q: I own land in joint tenancy with my ex-spouse, who lives in another state and says I can have it. Can I sell you the land without his/her signature?
A: No. Speak with a real estate attorney and your ex-spouse about getting the deed in your name only. This will likely involve your ex-spouse signing a quitclaim deed to you in order to divest themselves from any interest in the property.
Q: I want a higher offer — can’t you pay me more for my land?
A: Your land is worth what the market will bear. You could try listing it with an agent at a higher asking price and then wait to see if somebody will buy it. This could take a year or longer, depending on its location, its attributes, and the asking price. You’ll also need to consider the out-of-pocket expenses you’ll likely pay. This includes a commission to the agent and closings costs (title insurance, escrow fees, documentation charges, etc.). To wrap your head around what we’re really offering you, be sure to read our blog post How Selling Your Land to LandPocket Stacks Up Against Your Other Options.
Q: I received an offer in the mail. How did you get my information?
A: Your name, address, and property details are public record. LandPocket retrieves the information from the county assessor’s office directly or from third-party data aggregators (who also get it from the county assessor’s office).
Q: Have people really accepted your offers and sold you their land?
A: You bet — see our testimonial page. Some people are just ready to sell their land immediately for a variety of reasons. We offer them a quick closing and cash.
Q: What do you do with the land you buy?
A: We eventually sell it. In virtually any real estate market, vacant land takes considerably longer to sell than houses. In return for us purchasing your land quickly for cash, the price we offer you allows us to mark it up for resale. Instead of you waiting a long time for a buyer, we do.
Q: How do you determine how much to offer for a parcel of land?
A: We consider a number of factors when pricing land. First, we look at properties that have sold recently in the area to determine market value, attributes, and average days on market. In addition, we determine the current demand for land where your parcel is located. We then factor in our expenses. Finally, we make sure we can resell the property and still make money (we’re a business, after all). In return, what you get is an all-cash offer and a quick and hassle-free closing. For our clients, the time saved and ease of closing more than makes up for our offer.
Q: Are there any hidden costs, add-on fees, or commissions?
A: No. What we offer you is what you’ll receive. We cover all closing costs.
Q: What makes you different from a real estate agent or broker?
A: We are direct buyers, not real estate agents. We’re not trying to find a buyer for your property — we are the buyer. That’s why you’ll get a quick closing. There’s no waiting for the stars to align just right before you find a buyer and sell your property.
Q: If I request an offer online, is there any obligation?
A: No. Once you tell us a little about your property we will review the market and comparable properties. Within 48 hours we will have an offer for you. It is then completely up to you if you decide to sell to us or not. There is no risk, obligation, or hassle. We’re here to provide guidance, not pressure.
If you have questions that were not answered above, you can send us a message through our contact page, or give us a call: (719) 623-7600.
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