In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder Norfolk homeowners ditch repairs and choose cash buyers for a hassle-free sale!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. The solution? List on cash buyer marketplaces! Your home will be visible to local and national cash buyers instantly.
Key Takeaways
- The best cash buyer companies in Norfolk are Clever Offers, Houzeo, Opendoor, Advantage Homebuyers of America, Marketpro Homebuyers, and We Buy Ugly Houses.
- Clever Offers is the top choice for getting quick cash in Norfolk. You can get offers from multiple buyers in just 7 days.
- Houzeo is the next best option, where multiple cash buyers can submit offers. This may drive up your home’s price.
- While Advantage Homebuyers of America and Marketpro Homebuyers offer speed, their offers are often lower and non-negotiable.
- iBuyers such as Opendoor provide convenience, but have strict eligibility criteria.
- To avoid cash buyer scams, verify buyer credentials and read company reviews before accepting any offer.
Reviews: 6 Top Cash Home Buyers in Norfolk
1. Clever Offers
QUICK CASH OFFERS
Listing Fee: None.Clever Offers, part of Clever Real Estate, connects you with multiple cash buyers to compare offers and find the best deal for your timeline. They have three programs:
- Cash Offers: You can sell your home as-is to vetted cash buyers. It’s a fast and convenient way to sell your home without repairs and staging.
- 7-Day Sold: This is a short MLS listing aimed at competing cash bids. It allows you to list your home for 7 days, improving your chances of securing the highest and best offer.
- Instant Cash Offer: You get most of your home’s value upfront, plus a bonus when the buyer resells. This program is perfect for sellers who want quick funds and a chance to benefit from future market gains.
Comparing cash offers is free. Depending on the option you choose, a partner service fee may apply.
Clever Offers have several advantages:
- Multiple Cash Offers: Get competing bids from vetted investors (often within 24–48 hours).
- Customized Assistance: Whether you want speed, certainty, or the best possible payout, Clever Offers gives you flexible options to match your goals.
- As-Is Sale: Skip repairs, showings, and cleanup; buyers on Clever Offers purchase the property in its current condition, which speeds up and simplifies the process.
- Concierge Support: A licensed team reviews your offers, walks you through next steps, and, if needed, provides a quick open-market opinion for comparison.
- Nationwide Coverage: Clever Offers operates across all 50 states in the US. However, specific offer types may vary by market.
- Flexible Options: Side-by-side options let you balance speed, certainty, and price — so you don’t have to settle for a one-size-fits-all solution.
Here are some drawbacks we found about Clever Offers:
- Offers Can Vary: Some cash home buyers follow the 70–80% of the after-repair value rule of thumb, which is less than what you’d likely get on the open market. Competition usually helps, but outcomes differ by market and condition.
- Market Availability: Specific programs (e.g., iBuyers, Instant Cash Offer) depend on local coverage.
Clever Offers is a part of Clever Real Estate, which boasts a 4.9 out of 5 star-rating from over 3,696 reviews on Trustpilot.
👉 Our Take: Clever Offers is a good choice if you need to sell quickly, want to avoid repairs or prefer an easy process. Their three different programs give you more flexibility to choose what works best for your situation.
2. Houzeo
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $149Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers, increasing the number of offers you receive.
- Pricing: $149 + 1% at Closing
- MLS Listing: Your home gets full 6-month MLS exposure with unlimited high-quality photos showcasing its best features.
- Cash Buyer Network: Your listing is automatically visible to major cash buyers like Opendoor, HomeVesters, Offerpad, We Buy Houses, and dozens more.
- Unlimited Updates: Make as many listing changes as needed—adjust price, photos, or details without restrictions or extra fees.
- Closing Support: Get expert guidance from contract to closing with dedicated consulting to ensure a smooth transaction.
» Houzeo Reviews: Find out why Houzeo is one of America’s best “Sell my house for cash” option.
Houzeo is America’s #1 “Sell my house for cash” option because:
- Your Property will be on All Major Real Estate Websites: Houzeo’s packages give you access to the MLS. This showcases your property on 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo has cutting-edge tech. For you, this means easy listing, fast changes, online showings, and online offers on your phone, from your couch.
With Houzeo, there are no dealbreakers—it’s so simple, a 5-year-old could sell a house!
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
👉 Our Take: We recommend Houzeo's Gold plan to maximize your cash offers. It delivers complete transparency with zero hidden fees. Plus, you can access Houzeo’s advanced features to negotiate the best terms for your cash offer.
3. Opendoor
SEASONED IBUYER
Service Fee: 5%Opendoor is the biggest iBuyer in the U.S. They offer cash for your home within 24 to 48 hours of submitting your details on their website. Opendoor is also flexible with closing timelines and move-out dates.
- Typical Offer: 70% to 80% of your property’s Fair Market Value.
- 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 or homes with tenants do not qualify for Opendoor’s cash offer.
- Closing Offer Terms: Opendoor claims to let you close at your pace, up to 45 days after their offer. However, be aware that your final offer may change.
- Service Fee: You will be charged 5% of the home sale price.
Here are some of the benefits that you get with Opendoor:
- Broad Coverage: Opendoor makes cash offers for houses in 51 markets across the country.
- Sell As-Is: Opendoor helps you avoid the hassle of making minor repairs and you can sell your house as-is.
- Late Checkout up to 14 Days: Opendoor lets you temporarily stay in your home for up to 2 weeks after closing.
- No Cancellation Fees: You can cancel the contract anytime without incurring any fine.
In our research, we have found certain drawbacks of Opendoor:
- Low-ball Cash Offer: You will get around 70% of your property’s Fair Market Value, before deductiong repair and closing costs.
- Hefty Service Fees: Opendoor will charge you a steep 5% service fee.
- Strict Eligibility Criteria: You can’t sell an inherited property, homes wiht tenants, pre-fabricated or mobile homes, and properties located in a flood zone.
Opendoor has a rating of 4.4 out of 5 stars from 3,405 reviews on Reviews.io.
» Opendoor Reviews: Read customer reviews and our breakdown of Opendoor’s cash offer to make an informed decision.
👉 Our Take: We recommend Opendoor if your home needs minimal repairs. But beware, as you may end up leaving almost 20% to 30% of your home equity on the table.
4. Advantage Homebuyers of America
LOCAL CASH HOME BUYER
Service Fee: NoneAdvantage Homebuyers of America helps to quickly secure cash for your home in Virginia Beach, in any situation:
- Typical Offer: 50% to 70% of Fair Market Value.
- Eligible Properties: Advantage Homebuyers of America buys properties in just about any situation. You can sell an inherited property, a house with bad mortgage, after a death in the family, or even when you are stuck in a divorce.
- Closing Offer Terms: They provide a flexible closing date of up to 30 days.
- Service Fee: None.
For homeowners seeking a simple way to sell a house fast, Advantage Homebuyers of America offers several key advantages:
- 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 commissions, or closing costs.
- Sell As-Is: You can sell your house as is to Advantage Homebuyers of America and save on repair costs and home staging.
- Customer Reviews: They have good reviews on Google from previous customers.
Look out for the following redflags before accepting the cash offer on a house:
- Limited Coverage: Advantage Homebuyers of America covers only select areas of Virginia, including Virginia Beach, Suffolk, Norfolk, and Hampton.
- Inconsistent Quality of Service: Service quality may differ accodingly, because Advantage Homebuyers of America sells your house to a local investor.
- Location Restrictions: Certain neighborhoods or areas may not meet their investment criteria, impacting your chances of receiving an offer.
Advantage Homebuyers of America has 5 out of 5 stars from 80+ reviews on Google.
» Want to know more? Give a read to our Advantage Homebuyers of America Reviews.
👉 Our Take: Advantage Homebuyers of America has been operating for 25 years and can be a good choice for a cash sale. However, they have limited coverage.
5. Marketpro Homebuyers
ZERO COMMISSION
Service Fee: NoneMarketPro Homebuyers is one of the biggest cash home buyers in the Mid-Atlantic region, with over a decade of experience. It serves 100+ cities in DC, Florida, Maryland, New Jersey, Georgia, Pennsylvania, and Virginia.
- Typical Offer: 30% to 70% of Fair Market Value.
- Eligible Properties: MarketPro Homebuyers purchases homes that need extensive repairs, houses with probate or power of attorney issues, homes of couples going through a divorce, selling an inherited properties or a vacant homes, etc.
- Closing Offer Terms: The cash home buyer usually closes within a week. The company lets you choose a closing date that fits your schedule best.
- Service Fee: None.
MarketPro Homebuyers can be advantageous for you according to your needs:
- Free Packing & Moving Assistance: Once you sell your house to MarketPro Homebuyers, it helps you pack your belongings, and manage the moving process.
- No Renovation or Repair Costs: You have the option to sell your house as is, leading to savings in minor repair costs.
- Fast Closing: The preliminary cash offer is sent within 24 to 48 hours. MarketPro Homebuyers closes in as little as 7 days.
- No Closing Costs: They don’t charge any fees or commission, your closing costs are also covered.
You might also wanna know the drawbacks of MarketPro Homebuyer:
- Pays Below Market Value: MarketPro HomeBuyers might give a cash offer on a house which will likely not be more than 70% of the Fair Market Value.
- Limited Coverage: The cash home buyer purchases real estate properties for cash in 21 markets across 5 states. You should consider other reputable cash home buyers if your property lies outside their coverage.
- Aggressive Marketing Tactics: Several customers have complained about receiving persistent marketing texts and mailings for years, leading to frustration and annoyance.
MarketPro HomeBuyers has a rating of 4.6 out of 5 stars out of 625+ reviews on Google.
» MarketPro Homebuyers Coverage: Need to dig deeper? Read our in-depth review on the company.
👉 Our Take: You can sell your house to MarketPro Homebuyers in as-is condition and close as per your convenience. However, their final offer might not be handsome, as they offer only 50-70% of the Fair Market Value.
6. We Buy Ugly Houses
NATIONWIDE COVERAGE
Service Fee: NoneWe Buy Ugly Houses, a franchisee of HomeVestors, is a well-known network of real estate investors. They help you sell your property fast in any condition.
- Typical Offer: 50% to 70% of your property’s Fair Market Value.
- No Closing Costs: You don’t have to pay any seller closing costs; it is covered by the company.
- Eligible Properties: Distressed properties with structural issues, homes with flawed mortgage financing, inherited homes, homes in high-crime neighborhoods, etc.
- Service Fee: None.
Here are some of the benefits that you get with We Buy Ugly Houses:
- Sell Your Home As Is: You can sell your distressed home and avoid upfront costs to fix, prepare, or stage your house.
- Quick Closing Timeline: Once you accept the offer, you can sell your house within 2 weeks.
- Save on Closing Costs: You won’t need to pay the closing costs as they take care of it themselves.
- Free Cancellation: You can cancel your contract for free within 3 days of accepting the cash offer.
In our research, we have found certain drawbacks of We Buy Ugly Houses:
- Lowball Offers: Cash offers typically range from 50% to 70% of a home’s Fair Market Value, based on its condition and location.
- Limited Negotiation: We Buy Ugly Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- Not Ideal for High-Value Homes: This option may not be best for homes in high-demand areas where you could get more by listing on the MLS.
- Inconsistent Service Quality: Your experience may vary depending on how your local investor handles the sale.
We Buy Ugly Houses is rated 4.9 out of 5 stars from 90+ reviews on Google.
» We Buy Ugly Houses Reviews: Want to know more? Dive into our detailed review!
👉 Our Take: We Buy Ugly Houses operates as a franchise under its parent company, HomeVestors. Each franchise is independently owned and operated. This leads to variations in service quality and customer experience across different locations nationwide.
Are Companies That Buy Houses for Cash in Norfolk Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in the Land of the North People. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Norfolk
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Opendoor and Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-in Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in Norfolk
Not sure how to sell your home for cash in Norfolk? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.
How Much Do Cash Buyers in Norfolk Pay?
Norfolk cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc.
Imagine if you were selling your $314,900 home in Norfolk. With a traditional cash home buyer, you could get just $220,430. However, with the best cash buyers in the city, you may potentially get top dollar for your home!
Pros and Cons of Cash Home Buyers in Norfolk
Given that more sellers are opting for cash buyers in Norfolk, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in Norfolk close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: Norfolk cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Virginia. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Norfolk cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in Norfolk
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Virginia Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: When you sell FSBO, you’ll have to manage offers, handle paperwork, and negotiate, all by yourself. But with the best FSBO website in Norfolk, your home gets listed on the MLS with max exposure!
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in Virginia charge between 0.5% to 2.5% as commission.
5 Tips to Sell Your Home Fast in Norfolk
- Price Your Home Realistically: Get a Comparative Market Analysis report or use Houzeo’s free home value estimator before finalizing your price. The right price will attract potential buyers faster.
- List on a Cash Buyer Marketplace: Home flippers are constantly looking for investment houses for sale in Norfolk. You could get multiple offers for your home, driving up its home sale price.
- Address Minor Repairs: Fix leaky faucets and broken outlets, and give your house a fresh coat of paint to boost its appeal. Even small upgrades can significantly increase your home’s value and help you sell faster.
- Respond to Enquiries Quickly: Answering buyer inquiries promptly demonstrates your commitment to selling your house quickly. Maintain flexibility for weekend showings to accommodate busy buyers’ schedules.
- Create Compelling Virtual Tours: High-quality photos and virtual tours help your listing attract remote buyers and sell your home quickly.
Should You Sell to Cash Home Buyers in Norfolk?
Yes, but only if you’re ready to say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, with top cash buyer marketplaces, you can compare multiple offers, sell fast, and potentially get top dollar for your home.
