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Frequently Asked Questions

Its normal to have a few questions before working with Lucid Home Resolutions! Below are a few of the most common questions we get from our clients. If you still have questions or want to discuss any of the following in more detail, please give us a call at 703-232-9670.

Will my home be listed on the MLS or are you actually buying it?

No, we will not be listing your house on the MLS, as we are not agents. We are professional homebuyers and real estate investors with a large network of partners. In many cases, we may keep it for ourselves as a rental, or repair the house and re-sell it to another homeowner. This is how we make our profits and also take on all of the risk. 

How do you determine your offer price?

Great question! We first determine the condition of your property based off of photos online, photos you send us, or from our in-person property walks. We then determine the amount of repairs needed to fix up the property. Lastly, we take a look at similar properties in the neighborhood to see what others have sold for. We then come up with a fair offer price based off of the factors listed above.

Are there any fee's or hidden costs while working with you?

This is what separates us from Real Estate Agents: There are NO fees or commissions when you sell your home with us. In most cases, real estate agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). We’ll make you an offer, and if it’s a fit then we’ll buy your house.  Oh yeah, we also pay for closing costs too! No hassle. No fees. All of the responsibility is on us and you walk away without the burden of the property and it’s payments… and every time with cash in your hand.

How does the closing process work?

Another great question! This is one of the most important aspects of working with us, which is why we make a personal commitment to guide you through each and every step. The good news is, it could not be easier! Once we agree on a purchase price, we will send you our offer agreement via email (Docusign), or if we are meeting with you in person, we will have a hard copy of the agreement. A member of our team will then walk you through the agreement line by line to ensure that you fully understand the terms laid out. After you sign the offer, we will send the signed agreement to a local title company in the area to start the process (verify legal documents, title search, etc.). We will also submit an earnest money deposit to the title company to show our commitment to the property. Once all of that is in place, all you have to do is show up for your closing date, which is determined by you! You will then be cleared of the property and will receive your payment from the title company.  

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