Kurt Richter

FAQ

General questions about our company, process, and properties… 

Q: What kind of land do you have available? A: We specialize in land that is vacant and undeveloped. Some of our property may have available services (i.e. sewer, water, power, etc.) and some of our property may be completely raw (i.e. no sewer, water, power, etc.). We offer both since different investors want different things. Occasionally we have properties with existing services, and if they do we will let you know what is available with each property. 

Q: Why are the properties discounted so much on this site? Wouldn’t you just keep the best deals for yourself? A: You’ll find land investment properties on this site are discounted around 20% to 50% because of our proprietary marketing systems that get in touch with land owners who need to sell their property. Often times they may want to sell because they need the money so our company can help them out by buying their raw land quickly for cash… which is a win-win. Then, we pass the discount along to you. 

Q: How are the properties on this site different from ones I’d find on the MLS? A: Great question! Most of the land investments you’ll find on our site are ones that you’ll never find on the MLS. The MLS is the “Multiple Listing Service” which is where real estate agents list properties for sale. We work directly with the home owners because many times we’re able to help them solve their problem more quickly and cheaper than listing it on the MLS. 

Q: Are you an agent that lists land for sale? A: Another great question. No, we are not agents. We buy land and sell land. 

Q: Can I use bank financing to buy these properties? A: We work with investors who buy in many different ways. However, we tend to work with people who can close quickly, so most of our clients pay cash. However, if you are pre-approved with a bank and can close quickly… we’ll consider all offers. If you need financing to buy a property you see on our site, contact us today because we have land owner financing available on some of our properties. 

Q: How do I make an offer on a property? A: Simple, head over to our Contact Us page and send us an email or give us a call. We take offers first come first serve… and telephone tends to be the quickest. Once you connect with us and you want to purchase the property, we’ll require an earnest deposit to secure your offer on that property. We’ll answer any of your questions so you feel 100% comfortable and confident in your decisions. 

Q: How often do you add new investment land to the site and VIP Buyers List? A: We’re always sourcing new investment land… and add new properties to this site on a continual basis. So, check back often as our properties tend to sell very very quickly. 

Q: Do you charge any fees to buy or sell? A: We don’t charge home owners any fees to help them find a solution. We purchase properties at win-win price. When you buy an investment property from us, we buy the property at a steep discount, add on our property acquisition fee which is our profit for finding and negotiating the deal… and you pay a still deeply discounted price. A win-win for all.  

Q: Does the property have utilities? A: Unless indicated in the description, the rural properties we represent do not have utilities. They’re perfect for a solar- or wind-powered “green getaway.” 

Q: Can I raise crops on the property? A: Yes, the property is zoned for agriculture, mining and recreation. You can do almost anything you’d like with it, including installing a manufactured home or trailer. 

Q: Can I raise animals on the property? A:Yes, but usually only if the property is zoned for agriculture. 

Q: Is land a safer investment than the stock market? Some of the wealthiest people on earth got their start in real estate, and for good reason. Simply put, they’re not making any more land. There is a finite supply, and as the world’s population grows, rural, undeveloped land will likely become even more valuable. 

Q: How much are property taxes and are they current? A: The property taxes are typically current unless otherwise stated and will vary from parcel to parcel. We will disclose the tax information in all of our listings. 

Q: How does your money-back guarantee work? A: We want you to be 100% satisfied with your purchase of rural land. If you’re not satisfied for any reason with the first 90 days after closing, simply call us, and we will either exchange your parcel for one you like better, or refund your note payments up to that point and take back the deed. It’s simple: if you don’t love it, we don’t want you to own it. One of the benefits of working with LuRoo Land is that you’re dealing with the actual owner of the property, not some developer or shell corporation. And we want you to be happy.

  Q: Why should I buy from you instead of a real estate agent? A real estate agent’s fees can range from 5% to 8% of the purchase price. We eliminate the middleman, saving you even more.  

Q: How do I apply for owner financing? There is NO application process! No credit checks. You are already pre-approved. Simply put, if you can afford the down payment and terms, I’ll finance you. 

  Q: How do I make arrangements to inspect the property before I buy it? Your property isn’t “locked in” until we receive your down payment. Before making arrangements to see a specific parcel, we strongly encourage you to pay your down payment to ensure that the property hasn’t been sold to someone else by the time you arrive. (Remember, your down payment is covered by our 100% satisfaction guarantee.) We’ll then make arrangements with you to visit the property at your own expense. Will give you maps, GPS coordinates we’ll even connect you with a local surveyor. 

Q: What documents do I need to apply for owner financing? None. Our process is so simple that no documentation is required. 

Q: How long does it take to close on a property after I make my down payment? Once your down payment clears, we’ll send out your entire deed package via email using docusign.com (we are going green by saving tons of paper). This packet will include maps, photos, your Land Contract, Promissory Note, and Purchase Sale Agreement. 

Once you sign the documents digitally we will set you up on automatic payments (another way to save trees by avoiding payment coupons). Once you pay off your note, we will issue your Deed. The county will then mail you the original recorded deed for your files. It’s that simple. The whole process usually takes about two weeks, and most of that is the time it takes for the county to process the paperwork. 

Once you make your final payment on the property, we’ll Issue you your Warranty Deed. At that point you own it free and clear.