Here are some frequently asked questions from sellers. If you don’t find the answer you need, please reach out to us at (440) 973-6024 or fill out our “Contact Us” form, and we’ll be happy to assist you.
1. How is using Legacy Home Solutions different from selling my house with the help of a real estate agent?
In the traditional real estate model, a professional handles the sale of your home, leveraging tools like the MLS to attract buyers. This process can involve multiple viewings over several weeks or months until the right buyer is found. Once the sale is finalized, you might encounter costs such as title fees, closing expenses, and agent commissions.
On the other hand, we offer a faster alternative. We either purchase your property for cash or connect you with buyers who can do the same. After renovating, we reintroduce the property to the market to generate profit, which supports our business. When you sell to us, we take care of the inspection and closing costs, with no commissions involved. This means a quicker sale, fewer hassles, and a smoother experience for you.
2. How do I know this is the best course of action for me?
Selling your property through traditional real estate channels can be a lengthy and intricate process. It often requires managing inspections, handling repairs, and accommodating numerous potential buyers, which can result in fluctuations in the asking price due to negotiated repair costs.
In contrast, we provide a more efficient solution by thoroughly evaluating your situation and covering all associated selling costs. This allows us to present you with a fair offer and expedite the sale. Even if your property is in excellent condition, a quick sale might still be advantageous. After assessing your property, we can advise you on whether working with a traditional real estate agent might better suit your specific needs.
3. Who are you?
At Legacy Home Solutions, we take pride in our strong presence in the real estate sector. With a solid track record of assisting countless sellers, we recognize the significance of selling a home and are dedicated to providing personalized solutions that meet your specific needs. Our extensive network of investors allows us to identify the best solution for you, ensuring a seamless transaction.
Transparency is one of our core values. Our team conducts honest property assessments and collaborates with you to achieve the best possible outcome. If our initial offer doesn’t fully meet your expectations, we’re open to exploring alternative options. There’s no obligation when you work with us, and we only purchase properties that align with our criteria. For more details about our services, please visit our Company page. We are committed to reliability, clear communication, and bringing our extensive expertise to every interaction.
4. How does it work?
At our company, we simplify the property selling process by eliminating intermediaries such as real estate agents, lenders, appraisers, and inspectors. Our focus is on offering quick, hassle-free cash purchases for various properties, including houses, condos, apartments, and land, regardless of their condition or location.
Here’s how our process works: we start with a thorough market analysis to determine your property’s value after renovations to HGTV standards. Next, we conduct a detailed inspection to identify necessary repairs and estimate the associated costs. We include a modest profit margin to sustain our operations, ensuring a fair deal for everyone. Transparency is central to our approach, and we provide a clear breakdown of the entire transaction.
By choosing our services, you avoid the expenses and inconveniences of traditional real estate, such as property showings, open houses, multiple inspections, and lengthy listings. For more information on our all-cash, as-is transactions, visit our How it Works page. Feel free to call or text us at (440) 973-6024. Even if we’re unable to purchase your property, we’re here to support your selling efforts!
5. Why should I choose your company?
At the core of our service is a deep commitment to trust and transparency. We provide clear, detailed analyses so you fully understand the proposed price and potential profit. Our goal is to offer you the best possible payment for your property while highlighting the time and financial benefits of selling to us.
Our reputation in Ohio is founded on honesty and fairness, making us a trusted leader in cash homebuying. We prioritize integrity and respect, focusing on your timeline, addressing your concerns, and meeting your needs. Backed by a strong network of investors and partners, we strive to ensure a smooth and efficient transition to the next chapter of your life.
6. What do you do with my house once you buy it?
Once we acquire your property, we immediately start the refurbishment process, taking care of all necessary repairs and renovations to meet HGTV standards. We then collaborate with a trusted agent to list and manage the sale of the property. All related expenses, including repairs, closing costs, fees, and commissions, are covered by us. Our satisfaction comes from earning a reasonable profit, which enables us to assist other clients with their property sales. We take pride in enhancing communities and boosting the local economy by increasing neighborhood values across the state.
7. How many houses do you buy?
Our business strategy involves acquiring multiple properties, enabling us to offer competitive pricing. Despite working with narrower profit margins, our broad client base enhances the overall impact, benefiting all parties involved. This approach allows us to support a diverse range of individuals and positively impact the communities we serve. If a direct purchase of your property isn’t feasible, one of our investment partners may be able to help. We work with seasoned professionals in the house flipping industry and utilize local, reputable attorneys to ensure a smooth and efficient closing process for you.
8. How is the price you pay for my house determined?
Our process starts with evaluating your property’s after-repair value (ARV), which reflects its potential market value after necessary renovations. A specialist will conduct an on-site assessment to accurately estimate repair and refurbishment costs. We factor in renovation expenses as well as costs related to selling the property. Although selling directly to us eliminates real estate agent fees, we do use their services to list the property after purchase. We also cover all holding, closing costs, fees, taxes, and commissions, typically totaling around 10% of the ARV.
We then deduct repair, refurbishment, and selling costs from the ARV, along with our minimum profit margin, to present you with a fair offer. This offer is often competitive with traditional selling methods, taking into account the extra expenses of using an agent. By choosing our services, you enjoy a prompt cash payment and avoid the typical delays and challenges associated with selling through an agent.
9. Do you pay a fair price?
Our core principles are grounded in upholding an impeccable reputation and conducting transactions with the utmost integrity. We are dedicated to providing fair and transparent pricing. Transparency is central to our approach, which is why we offer clear calculations detailing every aspect of the pricing process. This ensures you understand how each dollar is allocated and the rationale behind our offer. We begin with a comprehensive evaluation of your property’s market value, including necessary repairs, renovations, and associated selling costs. After this detailed assessment, we apply our modest commission to determine the final cash offer for your property.
10. Do I need to clean my house before you buy it?
A major benefit of our process is the peace of mind it provides. You won’t need to worry about cleaning or repairing your property—just leave it as is, and we’ll take care of all necessary tasks after purchasing your home. This convenience is a key advantage that our clients highly value in our streamlined and efficient selling process.
11. Will you still buy my house if it is in poor condition?
House flipping is central to our business strategy. We enhance the market value of properties through essential repairs and improvements after acquisition, relieving you of these responsibilities. This often results in a selling price similar to what you’d receive from us, but without the extended challenges. While transactions usually take around a month, we can occasionally expedite the process to just two to three weeks. Our goal is to streamline the property selling process and deliver a seamless experience for you.
12. Wouldn’t it be easier to list my house with an agent on MLS?
Engaging a real estate agent and listing your property on various platforms can be effective but often leads to a lengthy and challenging process. Managing a steady stream of potential buyers, accommodating appraisers and inspectors, and handling repairs can be exhausting and time-consuming as you strive for your desired selling price.
While renovations might boost your asking price, they come with significant costs and responsibilities. The burden of hosting open houses, dealing with price reductions after weeks or months without offers, and navigating a prolonged closing process can be overwhelming.
In contrast, we offer a fast and hassle-free solution for achieving a cash sale. Our approach ensures a swift transaction, allowing you to move forward in your life without unnecessary delays or concerns.
13. Will you list my house on the MLS?
Our firm offers a unique approach to property transactions. Rather than listing properties on the Multiple Listing Service (MLS) or acting solely as real estate agents, we function as direct buyers. We work closely with you to craft the most advantageous offer tailored to your needs and preferences. From start to finish, we manage every aspect of the transaction. After acquiring your property, we handle all necessary repairs and renovations before reselling it for a profit. We prioritize efficiency to ensure you receive cash quickly, without delays. Additionally, we provide transparent, detailed explanations of the calculations behind our offers, so you are fully informed and satisfied with the outcome.
14. Should I just list my house with an agent?
Engaging a real estate agent can be a smart choice, especially based on your timeline and repair needs. However, it often involves a lengthy and potentially frustrating process with multiple showings, inspections, and financing challenges that can extend the sale for months. If you’re seeking a quicker and more streamlined option, Legacy Home Solutions offers a solution. We provide a seamless, expertly managed experience with a fast transaction and immediate cash payment. Our approach eliminates the typical pressures of traditional selling methods, ensuring a hassle-free process for you.
15. How do I sell my house quickly for cash?
Our expertise lies in quickly acquiring properties for cash. We start with a detailed discussion about your property and its location to determine its maximum market value. Next, we perform a thorough walkthrough to evaluate necessary repairs and renovations. We factor in these costs, along with selling expenses, and deduct them from the market value, including our fair share.
Once this evaluation is complete, we present you with a competitive offer. One of the main advantages of our service is the ability to finalize the transaction in as little as 21 days, providing you with fast access to cash. This approach bypasses the lengthy waiting periods and complexities often associated with real estate agents and property listings.
16. Do I have to pay fees and commissions if I work with you?
When you work with us, you don’t need to worry about fees or commissions, as we operate differently from traditional real estate agents. Fees and commissions are only applicable when we sell the property after acquiring it from you.
Our pricing process is simple and involves three steps: first, we determine your property’s market value; second, we assess the costs of repairs, renovations, selling, and profit; and third, we calculate and present our offer. Once you approve, we select a closing date together and handle all paperwork with the assistance of a trusted local attorney. This streamlined approach allows you to quickly sell your property and receive cash without any additional expenses.
17. Am I obligated to do business with you once I fill out the form?
After completing the form, you are under no obligation to proceed with us. Even if we begin the process and you later decide it’s not the right fit, there will be no costs incurred on your part. While we believe you’ll find value in our service, we respect your decision to explore other options.
Our primary goal is to help you find the solution that best meets your needs. We earn solely from the profit made after purchasing and selling your property.
If you have any questions, we have a list of frequently asked questions with informative answers available. If your specific question isn’t covered, please don’t hesitate to reach out or call us, and we’ll be happy to assist you further.