How It Works – Lucas Property Group

Step 1

Reach Out

Call (304) 871-3345 or fill out the form on our site. We’ll give you a cash range on that first call and set a time to see your Morgantown house, usually inside 24 hours.

Step 2

Review Our Offer

You get a firm cash offer with no pressure and no hidden fees. Decide to sell your house knowing the exact cash figure, down to the dollar.

Step 3

Walk Away With Cash

Accept the cash offer and we take the paperwork from there and hand you cash at closing.

Once we get your information, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 7 days, or on your schedule.

We’re Here To Help Morgantown Homeowners

We understand that selling your home is a major decision, and choosing the right approach can feel overwhelming. With so many options available, it can be difficult to know which path is best for you. Realtors may make promises they cannot keep, friends may recommend strategies that do not fit your situation, the media may share misleading information, and buyers may submit offers without even viewing your property. With so much conflicting advice and uncertainty, the home-selling process can quickly become stressful and confusing.

We Make Our Offers Based On The After Repair Value

To determine your cash offer, we conduct a Comparative Market Analysis (CMA) of your property. This detailed evaluation helps us estimate your home’s potential value once all necessary repairs and improvements are completed and the property is in turnkey condition. Our analysis considers key factors such as current real estate market trends, local economic conditions, property features, and recent comparable home sales in your area to provide a reliable estimate of your property’s after-repair value.

Once we determine the After Repair Value (ARV) of your property, we subtract the costs associated with purchasing and reselling the home. While you will not have to pay the typical selling expenses when you sell your property directly to us, we still incur these costs when we eventually resell the home. These expenses may include title fees, escrow fees, real estate commissions, transfer taxes, holding costs, and other related expenses. We then estimate and deduct the cost of necessary repairs and improvements to bring the property up to a high-quality, HGTV-inspired standard. Finally, we deduct our minimum profit margin to determine a fair and competitive cash offer for your home.

Your Offer:

Below is a visual breakdown of how we calculate our numbers. When we present you with a cash offer, we want you to understand exactly how we arrived at our price. No secrets, no games, and no hidden fees. Just a transparent, straightforward offer, exactly the way business should be done.

[Your Offer] = [After Repair Value] – [Our Selling Costs] – [Repair Costs] – [Our Minimum Profit]

This is the formula we use to make your offer along with an explanation of how we calculate each figure.

After Repair Value (ARV): This is the value of your house if it was fixed up to HGTV condition.

Repair Costs: These costs will be for fixing/updating the house AFTER we purchase it from you.

Selling Costs: These are costs that we incur as a cash home buyer that include but are not limited to title fees, escrow fees, commissions, transfer taxes etc. This is usually altogether 12.5% of the After Repair Value. (Our sales costs = 12.5% x ARV)

Our Minimum Profit: This is a business, and how we put food on the table. If we did this for free (as much as we enjoy doing it), we wouldn’t be able to do it at all.

That’s all there is to it. Just simple, straightforward math. If you still have questions about how we arrive at our offer, don’t hesitate to reach out and ask. We want you to feel completely confident and understand every step of our process. If needed, we’ll even bring out a whiteboard and walk you through the numbers!

Step 1: We confirm a few key details about your property to ensure the information we have is accurate and up to date. While most of the details we need are available through public records, property modifications may sometimes change factors such as lot size or leasable square footage without those updates being reflected in official records. Our goal is to verify the details with you so everyone has accurate information and is on the same page.

Step 2: We schedule a convenient time to meet you at your property. We believe in doing business the old-fashioned way, so we prefer to meet in person, shake your hand, and show you that we are a real, trustworthy team. We also want to assess the property’s current condition and get a clear understanding of any repairs or improvements that may be needed. We respect your time and will work around your schedule. While some property owners prefer that we inspect the home on our own, we have found that the inspection often brings up important questions that only the homeowner can answer. That’s why we prefer to conduct the on-site inspection with you whenever possible.

Step 3: Let us know when you would like to close. Once we agree on the price and terms, we’ll schedule the closing with a local title company. From there, we’ll handle the details and take care of everything, so you can enjoy a simple, stress-free home-selling experience.

Selling The Simple Way With Lucas Property Group

Selling your property through traditional methods can be time-consuming and stressful, especially when you’re working with a tight deadline or navigating a complicated situation. The traditional home-selling process often requires extensive preparation, lengthy listing periods, inspections, buyer financing delays, and ongoing negotiations, all of which can lead to unexpected delays and added stress. Skip the hassle and choose a faster, more convenient way to sell your home. Complete the form below or call (304) 871-3345 today to receive a fast, fair, and transparent cash offer for your property.