Frequently Asked Questions
About Selling Your Land To Us...
1. What information do you need from me to research my land and make an offer?
Simply answer a few questions about your property on our confidential and secure web form that’s on this site.
To answer these questions, please click the orange button below and you will be taken to our secure web form…
2. Are there any expenses involved in selling my land to you?
No. When you sell to us, there are no closing fees, no listings fees, no advertising costs, and no other costly hoops to jump through. We make selling land as easy as possible and… and best of all, we cover all closing costs.
Below is a list of the typical fees you would expect to pay when selling land on your own. You won’t have to pay any of these when selling to us. We take care of all of these expenses. You will never have to spend any of your own money to sell your land to us.
Fees you will NOT pay when you sell to us:
- Costs for a new survey
- Listing fees
- Advertising and marketing costs
- Photography costs to create a property listing
- For sale signs to place on the property
- Broker/agent commissions
- Attorney fees
- Title and abstracting fees
- Escrow fees
- Deed and document preparation fees
- Recording fees
- Transfer taxes
In addition to not paying any of the fees listed above when you sell to us… you won’t have to spend time fielding phone calls and inquiries from potential buyer prospects. Also, you will not need to set appointments to show your property.
3. If I accept your offer to purchase may land, will I need to travel anywhere to complete the transaction?
No. The entire transaction can be completed via phone, mail or email, and FedEx. Once the Sale Agreement is executed, we will forward it to the Title Company and they handle all the necessary work to complete the transaction.
After the title research and survey are completed, the closing of the property can be handled at the Title Company’s office. Or, more conveniently… a Mobile Notary can be scheduled by the Title Company to meet with you at any place or time you request (your home, office, a coffee shop, wherever) to close the transaction. Once the final documents are signed, the Title Company will disperse the funds per your instructions – either a Cashier’s Check or a bank wire transfer into your bank account.
Keep in mind… our company will be responsible for paying 100% of the closing costs, including: title insurance… updated surveys… recording fees… attorney fees… etc. There are no hidden fees for you as the seller.
4. Can’t I just sell my land on my own?
You can, but there are several reasons why it can be difficult to sell land on your own.
First, the market for cash land buyers is limited and it can often take months or even years for you to sell land on your own. Unless you are willing to spend a significant amount money on advertising and marketing your property, finding cash buyers can be challenging.
Also, due to the difficulty in getting bank financing for land, many land properties need to be offered with owner financing arrangements… meaning the landowners must deal with the hassles of collecting monthly payments (and dealing with delinquent payers and defaults) for years… only to receive a small amount each month for the property.
If you decide to list your land with a real estate agent or broker, you may be disappointed to find out that many agents don’t commit much of their time or resources towards selling land, as it can be more difficult to sell (vs. selling a home or building), and the commissions they earn for land sales are typically lower. Plus, many agents just don’t understand the land selling process, as their primary expertise is selling homes or buildings.
5. What if there are back taxes or dues owed on my land?
Again, selling your land to us does not require any money out of pocket. In the case that money is owed in back taxes or dues, those amounts will be deducted from the final closing price at closing.
6. What if I don’t have a copy of the deed to my property?
No problem. We can prepare a new deed for the purchase of your land and you won’t need to provide a copy of your deed. The Title Company can acquire most, if not all, of the documents from the county offices that are needed to complete the purchase. So, it won’t require much effort from you at all.
7. I receive offers for my property all the time, why should I choose LM5 Holdings?
We are experts and have a long, proven track record in buying land. We pride ourselves in offering you a fair price, and a transparent and easy selling experience. Also, you will have peace of mind knowing that the entire transaction will be handled by a local Title Company.8. How are you different from the other people/companies that send me letters wanting to buy my land?
First, we do not mail you a random, low-ball offer out of the blue like others. Before we mail an offer to you, we take the time to conduct a substantial amount of research on your property. If you accept our offer, we will not “tie-up” your property and then either back out at the last minute or ask for a sizable reduction in price before closing.
Additionally, should there be issues in clearing up the title to your property, we have extensive experience, expertise, and resources to remedy almost any title issue that may arise.
In addition to buying vacant land for our portfolio, we partner with an exclusive group of well-funded land investors – who working through us – have ready funds available at all times to purchase land. Having funds readily available to close is never an issue with us.
9. What are the benefits of submitting my property information via this website?
When you submit your property information on our secure site, it goes directly to our property underwriters, who will then initiate the due diligence and offer-making process. It’s the fastest way to get an offer from us.
10. I don’t want to submit my property information through this site, can I call instead?
Yes. You can call our “Get An Offer” Phone Line at: (214) 380-4772. Our normal business hours are 9:00 am to 5:00 pm CST, Monday through Friday. But you can call anytime, 24/7, and leave your information with one of our friendly operators.
11. How quickly can you make me an offer?
After conducting further analysis of your property, if we are still interested in moving forward with buying it, we will mail an offer to you via First Class Mail approximately 7 business days after you answer the questions about your property on our web form, or call the phone number above. Click the orange button below to start the process of getting a cash offer from us…
12. Is there a cost for your services?
No. We pay all closing costs and fees necessary to close the transaction. We want the closing process to be as easy as possible for you.
13. How do I get paid for my property?
We will work with a local Title Company in your area to handle and close the transaction and get you paid. Once the transaction is closed, you will receive a Cashier’s Check or a bank wire transfer – your choice – directly from the Title Company. At all times, you can have peace of mind knowing that your land selling process is being handled professionally and competently, and we will keep you informed along the way.
We strive to make the entire sales process quick, easy, and convenient for you… and our goal is for you to have an “A+ Experience” with us.
14. What are the benefits of selling my land to LM5 Holdings?
In summary, there are several:- We are a highly-experienced and well-funded land buyer… and we will pay you cash. You will be paid in the form of a Cashier’s Check or a bank wire transfer – your choice. You won’t have to depend on a buyer to get approved for bank financing – which can be difficult when buying land.
- You will not find a quicker and easier way to sell your land. Our buying process is straight-forward and hassle-free. At closing, you will receive the full sale price, and there will be NO costs to you whatsoever.
- The transaction will be professionally handled by a local, third-party Title Company… so you can be assured that the sale process will go smoothly and be handled in a professional and timely manner.
- We save you time and money. There will be no Realtor involved so there are no real estate commissions or other fees to pay.
- We pay all of your closing costs including surveys and title work with the Title Company. This, too, saves you money.
- You won’t have to bother with talking to potential buyers and making arrangements for them to see the property.
- If you are serious about selling your land, you will not find a more serious buyer than our organization. We will pay you cash for your property, and you will be done with it.