Frequently Asked Questions
Maybe you have a few inquiries. It’s Normal to have questions. This is a FAQ list that sellers just like you have asked, along with our responses. If your question is not answered here, please contact us using the information below or give us a call at (440) 681-2114. We will be pleased to address any concerns you may have.
1. How is selling my house with the assistance of a real estate agent different from using Lorain County Homebuyers?
To bring your home in front of as many potential purchasers as possible, a real estate agent assists you in selling it using the Multiple Listing Service (MLS), a marketing tool. Before finding the ideal buyer, you may have to go through numerous walkthroughs for weeks or months. Paying title fees, closing costs, and the agent’s commission are required after the transaction.
As investors, however, we either pay cash for your house right away or find other purchasers who are willing to make the same offer. We relist the house on the market and sell it for a profit after rehab. That’s how we generate revenue. We pay you in cash after your sale, waive any commission, and handle the closing and inspection expenses. We do away with the necessity for an agent and the other costs that come with it, giving you a lot faster sale and less headache.
2. What is the best course of action for me, and how can I know that?
Hiring a real estate agent to sell your home is a time-consuming, labor-intensive procedure that frequently involves renovations, inspections, and constant foot traffic. When repairs and other expenses are taken into account that you or the buyer agree to pay for, your asking price begins to wane.
On the other hand, we review your situation and pay for all upcoming costs associated with selling your home. This enables us to promptly remove it from your possession and give you a reasonable price.
That being said, if your home is in excellent condition, it is still a fantastic choice for people who want to sell their house quickly. Once we’ve evaluated your house, we’ll let you know if listing with an agent is the better option.
3. Who are you?
Lorain County Homebuyers was established in 2011. Right here in Lorain County, we are a family-run business. Regardless of location or condition, we specialize in buying distressed properties for cash. Our services include buying homes from homeowners in difficult circumstances and assisting them through estate sales, foreclosure, divorce, probate, and burned-out landlords. Making the house-selling process quick, simple, and painless is always our aim!
If our recommendation isn’t the best one for you, my staff and I will be honest with you about your home and point you in the proper way. We don’t buy every house from interested sellers, so you are not obligated to use our service if you change your mind. Please visit Our Company page to learn more about who we are. We take great satisfaction in our reliability, approachable style of communication, and depth of experience.
4. How do you determine the price to offer on my house?
We buy your home in any condition or location for cash, cutting out the middlemen like realtors, lenders, appraisers, and inspectors. Our process is rapid and hassle-free. That’s how easy it is. Our first step is to perform a thorough market analysis (CMA) of your house to determine its potential value after renovations and upkeep to current HGTV standards. Next, we visit the property to determine what needs to be fixed and how much it will cost to buy and sell your house.
We also need to account for some profit in order to continue operating our business. We minimize this to ensure that everyone gains a lot from it. Serving many people for lesser profits is preferable to a small number of people receiving enormous profits at the owner’s expense. We provide you with the complete breakdown since we are proud of our openness and want you to be happy with your choice.
You can save costs, the trouble of showings, open houses, walkthroughs, and several inspections, as well as the annoyance of lengthy listings with an agent. Please see our How it Works page for more information, and don’t hesitate to call us at (440) 681-2114 if you have any more questions or would like to know more about obtaining an all-cash, as-is transaction. We will be pleased to assist you in selling your home if buying it turns out not to be the best course of action!
5. Why should I pick your business?
Being transparent and trustworthy are the attributes we take great pride in providing to you. You will understand precisely why we give you the pricing we do and the amount of return we anticipate since we employ simple mathematics to break down every financial factor. You can be certain that we wish to compensate you the most. The time and money you save by selling your house to us is also clearly displayed to you. Our stellar reputation extends throughout Ohio because we are just and honest.
We don’t like to brag, but we are the top cash homebuyers in Ohio. We are the go-to professionals in the area for cash home purchases, and we handle our clients with honesty and dignity. We strive to present you with an offer that you will be thrilled to accept, taking into account your timeframe, concerns, and terms. With our network of investors and partners, we can help you get to your next adventure faster, no matter where you live in Ohio.
6. After buying my house, what do you do with it?
When we buy your house, we start the process of renovating it to HGTV standards by fixing any issues that need to be fixed. Next, we pay for any repairs, closing costs, fees, and commissions while working with an agent to list and sell the house. Ultimately, we take pleasure in the meager profit we earn, which enables us to continue serving additional clients by assisting them in selling their homes without incident. We are pleased to raise the value of neighborhoods throughout the state in order to support local economies and communities.
7. What number of homes do you purchase?
We buy many houses. In this manner, we can provide you with the greatest deal available. Since we work with numerous clients, even a tiny profit is OK because it rapidly adds up. This benefits everyone and allows us to assist more individuals as well as the areas we serve. If it’s not us, one of our investing partners will purchase your home. We collaborate with experts in the home-flipping industry. In order to facilitate a quick and simple closing process for you, we also retain reputable local attorneys.
8. How do you calculate the amount you pay for my home?
Initially, we assess your home’s after-repair value (ARV), or the amount we could sell it for on the open market once we do the necessary repairs after purchasing it from you. After seeing your house, one of our experts determines how much repairs and renovations will cost.
Include the selling expenses as well. We need to engage an agent to list the house after we buy it from you and pay all holding and closing costs, fees, taxes, and commission—typically 10% of the ARV—even though you were fortunate to avoid using one while selling to us.
The fair price we provide you is determined by deducting the costs of selling, repair, and refurbishment from the ARV and adding our minimum profit. Subtracting the additional costs you would incur from selling your house through an agent, the amount is frequently comparable to what it would have cost to sell your house traditionally. But when you work with us, you get the money faster—in cash—and you avoid the hassles that come with selling a house through listings and an agent. Finding a genuine buyer might occasionally take months.
9. Do you pay a reasonable cost?
We will never settle for anything less than giving you a reasonable price because we value our honesty and stellar reputation. We break down every step and use basic math to show you where every dollar goes and the reasoning behind the pricing we give. After purchases, the cost of all selling expenses and repairs and improvements is subtracted from the market value to arrive at the final value. We provide you cash for your house when the debt is paid in full, plus our little commission.
10. Before you buy my house, do I have to clean it?
The good news is that your home doesn’t require any cleaning or repairs. Simply leave it alone, and once we purchase your house, we’ll take care of it. This is one of the benefits that our clients love the most.
11. If my house is not in good shape, will you still buy it?
Absolutely, we will! One aspect of our business is flipping houses. After we purchase it, we intend to perform upgrades and repairs to increase its market worth. We spare you the headache of having to complete all of that yourself in the interim, resulting in a selling price that is nearly identical to what you can get from us without the drawn-out issues. Please give us a month to complete the transaction, though occasionally it can be completed in as little as two or three weeks. Our goal is to make the process of selling your home simple.
12. Isn’t listing my house on the MLS with an agent going to be simpler?
Even while there are situations in which this might be a better option for you, listing on several websites and working with an agent turns into a time-consuming and difficult process. Your house is continually being walked by interested buyers. In order to receive the price you desire, you frequently have to perform repairs on your end and accommodate appraisers and inspectors.
Although refurbishing may increase your asking price, having the work done can be expensive and comes out of your pocket.
It’s frustrating to have to endure weekend open houses and fret that you could have to reduce your price after weeks or months of no success. Moreover, closing the purchase may take weeks after you locate a buyer. We provide a quick, hassle-free option to acquire the cash you want for your house so you can go on with your life.
13. Are you going to put my house on the Multiple Listing Service?
No, our clients’ homes are not listed on the MLS by us. We are not real estate brokers assisting you with home purchasers. We are the purchasers! We determine the best possible deal and present it to you based on your input. We manage the entire procedure from beginning to end. We purchase your house, make any necessary repairs, and then turn a profit by selling it. You can immediately leave with cash in your pocket in the interim. To ensure your confidence and satisfaction with the outcome, we walk you through every step of the meticulous calculations that went into determining that sum.
14. Should I just need to hire an agent to list my house?
There are instances when listing with an agent makes sense. It will rely on your schedule as well as the extent of maintenance and repairs your home need. The conventional approach, meanwhile, can sometimes prove to be an arduous and stressful procedure. It can take weeks or even months between showings, inspections, and the sale of a property. Even worse, you can end up starting over if their financing falls through. Lorain County Homebuyers provides everything you need if you need to sell quickly, want to skip the hassles, and want to receive the money in your hands.
15. How can I get cash for my house quickly?
We are located on the first page of results when you Google this question for the state of Ohio. Our business is making fast cash purchases of houses. After questioning you about your house and its surroundings to ascertain its best market value, we’ll come have a look around and evaluate any necessary renovations or repairs. We compute the costs of selling and repairs, deduct these from the market value, and then add our tiny portion. Then, we’re prepared to present you with an offer that we know you’ll find exciting. Better yet, we seal the sale in as little as 21 days, saving you the time and hassle of looking for an agent and listing your home.
16. Do I have to pay any fees or commissions?
We are not realtors, so there are no fees or commissions while working with us. After purchasing the house from you, we pay fees and commissions when we sell it. In three easy steps, we determine the market value of your property, estimate the cost of repairs and rehab, and factor in profit. Once we have an offer, we work with you to select a closing date and have the required paperwork signed by a reputable local attorney. You quickly acquire the money by selling your home.
17. Once I fill out the form, am I required to do business with you?
You are under no need to collaborate with us. even in the event that once we start the procedure you realize it’s not for you. You leave without paying anything. We are sure you will be happy with what we accomplish for you, but if you decide to go in a different direction after all, that’s quite acceptable. We’ll assist you in determining the best course of action. After buying your house and putting it up for sale, we only get paid from the proceeds.
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