Frequently Asked Questions

LFF Properties gets a variety of questions about our company and the purchase process.  Please read the questions and answers below, and if you have a question not listed, please feel free to contact us any time.

Who is LFF Properties?

We are a family owned and run real estate investment company.  The properties we typically select are either land parcels, homes or both.  Many times these are a burden to their owners and are unprofitable for them. In sum, we pay cash to our customers in exchange for their land or home with a fast, smooth transaction.

How do I get started?

Simply complete our Sell Your Property Form online. We’ll be more than happy to get started on making an offer to purchase your property.

How long does the process take?

Once our client (person looking to sell their property) contacts us and provides information about their property either through our online Sell Your Property form, or over the phone at 317-527-6005. We then evaluate the information provided and quickly make a cash offer. We make the process as quick and effortless as possible for our clients.

Do you work with Realtors?

We prefer to buy land directly from the owners and avoid realtor fees. Typically, we do not work with realtors, because realtors often expect big commissions; usually up to 10 percent for vacant land.

 

How do you come up with your offer amount?

Very carefully. When we make an offer on your property, we consider several factors about your property. Here are some of the details that we consider in coming up with an offer amount:

  1. Location – This is important along with its details, for example, is it prime or is it rural?
  2. Market Conditions – The real estate market changes daily. We factor in current market conditions into all of our offers.
  3. We Pay ALL Cash – We always pay out in cash.
  4. We Pay Closing Costs –  All costs for closing will be covered by us, instead of you!
  5. We Pay Liens – If you have liens on your property, we may be able to pay those off too. However, any liens would be deducted from the offer price to get to a net offer amount.
  6. We Pay Back Taxes. If you have back taxes owed on your property, we may be able to pay those off too. However, any back taxes owed  would be deducted from the offer price to get to a net offer amount.
  7. No Realtor Fees – Realtors can take up to 10 percent commission for vacant land as an industry standard.
Are there any fees if I sell my land to you?

We do NOT charge fees to you to buy your land. We make our money with the investment and do not need to make any by charging you a commission.

 

If I request an offer from you, am I obligated to sell you my land?

Absolutely not! You have nothing to lose. It doesn’t hurt to see what we can offer you for your land.

Will you buy my land if there is a structure on it?

Yes, we are still interested in making you an offer to buy the land.

Do you buy properties that have back taxes?

Yes, we do. If you owe back taxes on your vacant land, we can often pay those off for you and still give you cash. However, we handle this on a case by case basis.

Do you really pay all closing costs?

Yes. We cover all closing costs for you, the Seller. We are able to do this due to the many relationships that we have with title companies and attorneys nationwide.

My vacant land’s value has drastically declined. Will it ever come back up?

We wish we could predict the future, but unfortunately we can’t. Many land owners are selling their lots to us and taking a tax deduction because they are tired of paying property taxes on a declined property.

 

Do you buy properties that are in probate?

Yes. All the time. Many of our customers sell their vacant land to us because they inherited a property they will never use.