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9 min read Mar 20, 2024

6 Best Companies That Buy Houses for Cash in Virginia Beach in 2024

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Edited By

Jason Joshi

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Editor
Edited By

Jason Joshi

Editor, Houzeo
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Jason is a passionate content editor working at Houzeo. He has an eye for detail and keeps himself updated with the recent trends in the real estate market. He also likes to travel and explore places.

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2024 continues to be a bumpy ride with increasing home prices and declining home sales. But out of the 317 homes that sold last month, most of the transactions were all cash. Cash is still king in Virginia Beach’s housing market.

Getting a cash offer in Virginia Beach is easy, but getting top dollar is not. If you get a cash offer from a single cash home buyer, they will lowball you. That’s why you need to get cash offers from multiple local and national cash buyers. But how do you do that?

Answer: List on a Cash Marketplace! When you list on a cash buyer marketplace like Houzeo.com, your listing is syndicated to hundreds of real estate websites. So, you market your property to local and national cash home buyers looking for homes for sale in Virginia Beach.

Companies that buy houses for cash in Virginia Beach offer instant cash for homes. But, it may not always be the best cash offer for your home.

Some cash companies may get you 100% of your property’s fair market value, while others may offer as low as 50%. We’ve reviewed and ranked the 6 best cash home buyers in Virginia Beach.

Reviews: 6 Best Companies That Buy Houses for Cash in Virginia Beach

Here are the 6 best cash buyers in Virginia Beach. Some of them may get you up to 100% of your property’s fair market value, while others may offer you as low as 30%. Here are the rankings of “We Buy Houses Cash Virginia Beach” companies:

1. Houzeo.com: Virginia Beach’s #1 Cash Home Buyer Marketplace

Max Exposure to Cash Buyers

Houzeo

Houzeo Logo
  • Service Fee: $399 Listing Fee
  • Available in 80+ U.S. Markets
  • 5 Stars 4.9/5 (7,800+ reviews)

Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers. In an attempt to win your property, investors could make multiple cash offers for your home.

  • Fee: Houzeo does not charge a 5% service fee or any undisclosed closing fee
    • $399: MLS Listing: 6-Months, 24 photos
    • $399+0.5% at Close: Maximum Photos, Premium Yard Sign
    • $429+0.5% at Close: Pricing Assistance, Contract Review, Real Estate Forms, Licensed Broker Assistance
    • $449+1% at Close: Virtual Full-Service with Licensed Broker, Offer Negotiations
  • Typical Offer: Up to 100% of your property’s fair market value (FMV).
  • Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
  • Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to Houzeo’s advanced features to negotiate the best terms for your cash offer.

Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:

  1. Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
  2. 5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
  3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
  4. No Listing Commission: In most states, you’ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!

There are no dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.

» Houzeo Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google and Trustpilot!

Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.

With a typical cash house buyer, you only get an offer from that specific investor. On a cash buyer marketplace like Houzeo, you could receive multiple cash offers on your house. This increased number of cash offers can help you get up to 100% of your home’s value.

2. Opendoor

BIGGEST IBUYER

Opendoor

Opendoor Logo
  • Service Fee: 5%
  • 📍 Coverage: 45 markets
  • Opendoor has 4.4 stars out of 5 4.4/5 (3,250+ reviews)

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes with flexible closing timelines.

  • Service Fee: 5% of Home Sale Price.
  • Typical Offer: 70% to 80% of your property’s fair market value (FMV).
  • Eligible Properties: Opendoor will make cash offers only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres. Prefabricated homes, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
  • Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days out. The final offer terms may change after the home inspection.

» Opendoor Reviews: Why Opendoor will Pay Much Less than Fair Market Value in 2023?

  • Broad Coverage: Opendoor pays cash for houses in 51 markets– including Boston, Albuquerque, San Francisco, and San Jose.
  • Flexible Closing Dates: Opendoor gives you the ability to close at your convenience up to 45 days out.
  • Late Checkout Upto 14 Days: Opendoor allows sellers to close on their homes, receive sale proceeds, and temporarily rent their homes.
  • No Cancellation Fees: You can cancel the contract without any cancellation fee.
  • No Upfront Costs: When you sell to Opendoor, you skip the traditional home selling process. No need to fix, repair or stage the property!

» Opendoor complaints: Click here to learn about the pros and cons of them.

  • Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
  • Hefty Service Fees: Opendoor revises the final cash offer based on the inspection report. The service fees may increase from 5%. The repair cost breakdown is not disclosed in the closing statement.
  • Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
  • Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs.”
  • Strict Eligibility Criteria: Opendoor doesn’t pay cash for inherited properties, homes with tenants, pre-fabricated or mobile homes, and properties located in a flood zone.

» Opendoor Complaints: Check out the common complaints of Opendoor.

Opendoor has a rating of 4.4 out of 5 stars on Reviews.io.

» Opendoor vs. Houzeo: Which should be your first choice?

Opendoor provides a straightforward and convenient solution for obtaining cash for your home. You can sell your home as is and close on the sale in just 2 weeks. You can expect to get around ~80% of your property’s fair market value.

However, their offer now could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price. The repair cost breakdown is not disclosed in the closing statement.

3. Advantage Homebuyers of America

Local Cash home Buyer

Advantage Homebuyers of America

Companies that buy homes for cash in Virginia
  • Service Fee: None
  • 5 Stars  5/5 (out of 93 reviews)

Advantage Homebuyers of America helps sellers get cash for their houses quickly in Virginia Beach, VA. For the last 25 years, this property investor has been providing all-cash offers on distressed properties that pass their criteria.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Offer Terms: This local cash buyer provides a flexible closing date, up to 30 days out. Offer terms are inflexible, and some franchisee offices may use controversial tactics to close the cash home deal.

👉 Our Take: Advantage Homebuyers of America is among the best VA cash buyer options that close on properties quickly. However, an MLS listing will get you multiple offers with cash buyers.

» Pros and Cons of Advantage Homebuyers of America: Read our blog to find out

  • Fast Cash Offer: Advantage Homebuyers of America extends free, no-obligation offers for damaged properties within 24 hours.
  • Flexible Closing: They provide flexible closing timelines of up to 30 days.
  • No Additional Costs: They charge no service fees, no commissions, and no closing costs.
  • Sell As-Is: You will save on repair costs and staging costs when you sell your house as-is to them.
  • Good Customer Reviews:  They only have stellar reviews from previous customers.

In our research, we found some major drawbacks of Advantage Homebuyers of America:

  • Limited Coverage: Advantage Homebuyers of America covers only select areas of Virginia, including Virginia Beach, Suffolk, Norfolk, and Hampton.
  • Inconsistent Quality of Service: When you sell to Advantage Homebuyers of America, you sell your house to a local investor. The service quality will differ based on that investor’s franchisee.

Advantage Homebuyers of America has 5 out of 5 stars from 93 reviews on Google Reviews.

» Advantage Homebuyers of America ReviewsRead our in-depth review.

Advantage Homebuyers of America is a local Virginia-based cash home buyer with 25+ years of experience. You can get a fast, fair offer on your house
without paying fees and commissions.

However, they work on franchisees with local investors which can make your experience different as per the their individual services.

4. We Buy Ugly Houses

NATIONWIDE COVERAGE

We Buy Ugly Houses

We Buy Ugly Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.5 Stars 2.3/5 (45+ reviews)

We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.

👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.

  • Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
  • Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
  • Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
  • Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
  • Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.

» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?

In our research, we found some We Buy Ugly Houses drawbacks.

  • Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
  • WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
  • Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
  • Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

We Buy Ugly Houses has 1.6 out of 5 stars with 9+ reviews on Yelp.

» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.

We Buy Ugly Houses, a trademark of “HomeVestors,” operates on a franchisee model. Each WeBuyUglyHouses franchisee has its own rules, so the cash offer terms and service quality may not be consistent. If your house needs dire repairs, they make cash offers starting from 30% of its FMV.

5. We Buy Houses

QUICK AND EASY SALES

We Buy Houses

Logo - We Buy Houses
  • Service Fee: None
  • Closing in 3 weeks
  • 2.6 Stars  2.33/5 ( 5+ reviews)

WeBuyHouses.com is a pre-vetted real estate investor network. We Buy Houses “thoroughly” vet their investors before authorizing them to operate independent offices in their respective jurisdictions.

  • Service Fee: None
  • Typical Offer: 50% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Distressed properties with structural issues, relocation of the homeowner, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
  • Closing Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible.

👉 Our Take: We Buy Houses operates on a franchise model, so the quality of service may differ. You should check the reviews of their local franchise before requesting cash for your home.

  • Fast Cash Offers for Houses: You will typically receive WeBuyHouses.com’s initial cash offer within two days.
  • Zero Service Fees: WeBuyHouses doesn’t charge any service fee in exchange for the convenience of selling your home for cash
  • Fast Closing: We Buy Houses.com will close in just seven days after you accept their cash offer.
  • Firm Cash Offer: We Buy Houses Com’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
  • Broad Coverage: We Buy Houses makes cash offers on properties in 200 markets in over 30 states. WeBuyHouses com has 2,700 offices nationwide.
  • Zero Upfront Expenses: When selling to WeBuyHouses Com, you don’t need to prep the home or worry about repairs.

» What is “We Buy Houses”? To know more about them check this out.

  • Lowball Cash Offer: We Buy Houses investors may put in lowball cash offers around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
  • WeBuyHouses.com is Not 100% Online: WeBuyHouses has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. We Buy Houses does not offer a mobile app.
  • Non-Negotiable Cash Offers: A ‘We Buy Houses’ investor may not offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
  • Inconsistent Quality of Service: When you sell to a cash buyer franchise like WBH, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

» WeBuyHouses.com vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 2.33 stars out of 5 on Better Business Bureau from 5+ customer reviews.

» webuyhouses.com reviews: Check this out to know more about them.

WeBuyHouses.com is a group of real estate investors who buy properties as-is for a lucrative flip. They are a good option if you want to sell your home fast for cash and your property only needs some cosmetic repairs.

6. Marketpro Homebuyers

AS IS CASH WHOLESALER

MarketPro Homebuyers

MarketPro
  • Service Fee: None
  • Close in 3 weeks
  • 4 Stars 4.4/5 (420+ reviews)

MarketPro Homebuyers is one of the biggest cash home buyers on the East Coast, buying 25 houses monthly. Apart from being a home cash buyer, MarketPro Homebuyers is also a wholesaler.

  • Service Fee: None
  • Typical Offer: 30% to 70% of Fair Market Value (FMV)
  • Eligible Properties: Houses that need extensive repairs, homes with probate or power of attorney issues, homes of couples going through a divorce, inherited properties, vacant homes, etc.
  • Closing Offer Terms: MarketPro Homebuyers provide a flexible closing date, up to 60 days out.

👉 Our Take: With MarketPro, there is a certainty of getting a cash offer because of Marketpro’s investor network. The cash offer may not be more than 70% of the home’s fair market value though.

  • Packing & Moving Assistance: Marketpro makes moving to a new house hassle-free with an in-house moving service.
  • No Renovation or Repair Costs: Marketpro.com purchases houses as-is. There is no need to renovate or repair before requesting a cash offer or after an offer has been made.
  • Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketProHomebuyers.com closes in as little as seven days.
  • No Transfer and Recordation Costs: When you sell to Marketpro, you don’t pay any closing costs.

» Is Marketpro homebuyers legit? Check this out to know more about them.

  • Marketpro Pays Below Market Value: Market Pro HomeBuyers prides itself on giving below-market-value cash offers. The cash offer will likely not be more than 70% of the fair market value.
  • Marketpro’s Invasive Sales Tactics: 73 out of 427 Google reviews are from consumers complaining about being on Marketpro’s Lead list. Even if you don’t request cash from Marketpro, once you are on this list, you will be spammed with mailers, emails, postcards, etc.
  • Limited Coverage: MarketPro Homebuyers buy real estate for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside Marketpro’s coverage.

» MarketPro Homebuyers Coverage: Find the real estate markets where MarketPro offers cash.

MarketPro HomeBuyers has a rating of 4.4 out of 5 stars on Google with 420+ reviews.

MarketPro Homebuyers is a cash buyer of houses that owners want to get rid of. Whether it’s a property with bad tenants or you want to sell an inherited home, you should consider these AS-IS property buyers.

Marketpro’s uncanny marketing gimmicks are difficult to understand. In nearly 70 out of the 337 Google reviews, homeowners have complained about unsolicited emails, messages, and postcards.

Are Companies That Buy Houses for Cash in Virginia Beach Legit?

Yes, companies that buy houses for cash in Virginia Beach are legitimate and operate legally nationwide. Cash house buyers will offer cash for your house to fix and flip for a profit. These are companies that buy homes as is.

🚨 Cash for Houses Scams: Remember to inspect how the cash company operates before you sign any real estate contract. A legitimate home buyer will never ask you to pay upfront costs!

Types of Cash Companies That Buy Homes in Virginia Beach

Companies that buy homes for cash in Virginia Beach help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:

  • “We Buy Houses for Cash” Companies: These “fix-and-flip” house buyers buy distressed properties, make repairs, and sell them on the open market. Virginia Beach cash home buyers pay 30% to 70% of the FMV and don’t have any service fees.
  • iBuyers: Such home-buying companies use proprietary algorithms to determine a cash offer for your house. In 2024, iBuyer’s cash offer for homes will range from ~70% to 80% of the fair market value.
  • Buy-and-Hold Cash Buyers: A buy-and-hold cash buyer in Virginia Beach will convert a distressed house into a rental property. They do not sell the upgraded property for a one-time profit and will enjoy a steady source of income.
  • Home Trade-In Services: They are house flipping companies that will offer cash on your house to help you buy another property. They fund your next house while you sell your house for cash.

Companies that buy houses in Virginia Beach wait for potential gold (such as your home) to hit the market. An ‘as-is’ property with minimal repairs makes these companies buying a house for cash a big profit.

How to Sell to Companies That Buy Houses for Cash?

Here’s how you can sell your house for cash to get an offer from a Virginia Beach cash house buyer:

  1. Share Your Property Details: Virginia Beach cash buyers will collect basic information like the location and condition of your property. You can submit your property details on their website.
  2. Review the Preliminary Cash Offer: They will make an initial cash offer on your house after comparing similar properties in the area. Typically, they buy your house for 30% to 70% of your home’s fair market value.
  3. Complete the Home Inspection: The cash buyers for houses will perform an inspection if you accept the initial offer. After adjusting repair expenses and holding costs, they will send a final offer.
  4. Accept the Final Cash Offer and Close: If the company’s final cash offer for your house matches your expectations, then you can finalize the closing timeline.

How Much Do Virginia Beach “We Buy Houses for Cash” Companies Pay?

Cash buyers for homes offer substantially lower prices, equivalent to 30% to 70% of the home’s After-Repair Value (ARV). The more repairs your home requires when selling a house for cash, the lower the price it would fetch.

For example, If your home’s value is $400,000 and you need a $50,000 roof replacement, the ARV will be $350,000. Since Virginia Beach cash home buyers offer only 70% of the ARV, you will get an offer of about $245,000.

“We Buy Houses for Cash” Virginia Beach: Pros and Cons

Are you considering selling your house fast for cash? Here are some pros and cons associated with cash buyers that you must account for:

✅ Pros

  • Fast Cash Sale: In the traditional model, you must list on the MLS and wait for potential buyers. However, with “We Buy Houses for Cash” companies, you get a cash offer within 24-48 hours of submitting your details on their website.
  • Flexible Closing: Cash home buyers in Virginia Beach move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
  • No Service Fees: A Virginia Beach cash home buyer doesn’t charge any service fee. The net profit after fixing and selling your home is enough for them to sustain their fix-and-flip model.

❌ Cons

  • Lowball Cash Offers: Cash companies that buy homes in Virginia Beach generally pay 30% to 70% of the home’s fair market value. They deduct all repair, utility, and re-selling expenses of your home.
  • Non-Negotiable Deals: When dealing with “cash home buyer” companies, the deal is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash companies will not budge on price.
  • Some Cash Buyers Will Make You Pay Closing Costs: Homeowners are forced to pay the seller’s closing costs, which are not disclosed on the cash buyer’s website. You should always read the terms and conditions document carefully.

» How Much are Closing Costs for Seller in Virginia: Find home sale proceeds from selling your house in Virginia Beach.

Alternatives to Companies That Buy Houses for Cash in Virginia Beach

  • List Your Home With a Flat Fee MLS Service: You can get up to 100% of the cash for your home on the open market. High-tech For Sale By Owner websites in Virginia like Houzeo can help you sell your home for cash!
  • Hire a Top Realtor: Virginia Beach Realtors can help you sell your property within a set timeline. However, the best Realtors will charge a 6% commission. That amounts to thousands of dollars!
  • Sell “For Sale By Owner”: Selling your home purely For Sale By Owner implies no access to the MLS. You market your property, conduct market research, manage offers and showings, etc., all by yourself.

Should You Sell to Companies That Buy Houses for Cash in Virginia Beach?

Yes, but don’t settle for an offer from just a single cash home buyer.

Instead, list your home on Virginia Beach’s #1 cash buyer marketplace – Houzeo. Your listing will be active in less than 24 hours. Moreover, you could receive cash offers from multiple cash buyers, ultimately driving up your final home price.

Check out how Houzeo works in this video:

What is Houzeo?

An overview of what the platform is all about

Start Your MLS Listing NOW!

Frequently Asked Questions about Virginia Beach Cash Buyers

Which is the best company that buys houses for cash in Virginia Beach, Virginia?

Houzeo is the most popular cash marketplace for selling homes for cash in Virginia Beach. iBuyers like Opendoor and multiple cash buyers have extended offers on homes listed on Houzeo. You could receive multiple cash offers, increasing your home sale price.

How can you sell to companies that buy houses for cash?

You can sell directly to Virginia Beach cash buyers or list on the Virginia MLS and receive multiple cash offers. When you sell to a cash buyer, you actively search for the best option. With an MLS listing, the best offer to comes to you.

How can I sell my house fast for cash in Virginia Beach?

Opt for a cash buyer marketplace. “We Buy Houses for Cash” companies in Virginia Beach are best for distressed homes. They will offer 30% to 70% of the FMV. An iBuyer has strict purchase criteria and may not offer more than 70% to 80% of FMV.

How fast can I sell my Virginia Beach house?

You can sell your house in 7 to 30 days when selling to cash buyers in Virginia Beach. Also, if you're looking for a new home before you sell your existing one, take a look at homes for sale near you.

Companies That Buy Houses for Cash Virginia Virginia Beach

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