Embedded Files
General Questions:
Q: How much money can I get for my land?
A: The amount you receive will depend on several factors, including the value of your land, its location, and current market conditions. We'll provide you with a fair and competitive offer after a thorough evaluation. Fill out the form below for a no obligation offer.
Q: Is there a minimum land size requirement?
A: No, there is no minimum land size requirement for our land leaseback program. As long as there is a residential or commercial structure built on the property, we are generally able to purchase the land and lease it back to you. This includes single family detached homes, attached homes (row houses, townhouses), commercial properties, vacation homes, and deeded mobile homes attached to a fixed foundation.
Q: What is a land leaseback?
A: A land leaseback is a financial transaction where we buy the land under your home and then lease it back to you. You retain ownership of your house and continue living in it as you do now, while gaining access to the equity in your land.
Q: How is this different from a traditional home sale?
A: With a traditional sale, you sell both your house and the land. With a land leaseback, you only sell the land, keeping your home. This allows you to access cash without moving or disrupting your life.
Q: Who owns the land after I sell it?
A: Our company will own the land. However, your lease agreement with us grants you the right to continue occupying your home as the owner of the structure and using the land as you have been.
Q: Will I still be responsible for property taxes?
A: This depends on the specifics of your lease agreement. Typically, the lease agreement will outline who is responsible for property taxes. We'll work with you to find a solution that fits your needs.
Q: Will I still be responsible for repair and maintenance of the structure of my home?
A: Yes.
Q: How are the lease payments determined?
A: Lease payments are determined based on several factors, including the value of the land, prevailing market lease rates, and the length of the lease. We'll work with you to create a payment plan that fits your budget.
Q: What are the terms of the lease?
A: Lease terms are flexible and can be customized to meet your individual needs. We offer a range of lease durations, and we'll discuss the options with you to find the best fit.
Q: Will I have to pay any closing costs?
A: No, our company covers all closing costs.
Q: How long does the process take?
A: The process is typically much faster than a traditional home sale. We aim to make the process as smooth and efficient as possible, and we'll work with you to close quickly.
Q: What documents will I need?
A: We'll guide you through the required documentation, which typically includes proof of ownership, financial information, and other relevant documents.
Q: How do I get started?
A: Simply fill out the form at the top of this page or give us a call. We'll be happy to answer your questions and provide you with a no-obligation consultation.
Q: What if I decide to sell my house in the future?
A: Your lease agreement will outline the process for selling your house. Typically, the new homeowner would assume the existing land lease.
Q: What if I have financial difficulties during the lease term?
A: We understand that unforeseen circumstances can arise. We encourage open communication and will work with you to find solutions if you experience financial difficulties.
Contact us today for a no obligation consultation! Fill out the quick form below and one of our team members will be in touch!
Page updated
Report abuse