✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Virginia’s real estate landscape is in transition. While home prices remain high, overall sales are low. Only one aspect remains constant: the power of cash offers. 34.5% of homes were bought with cash in February, mostly in the Old Dominion.
Virginia Beach topped this list with 24.0% of cash sales. This indicates a growing trend of cash home sales in Virginia. But here’s the catch: cash buyers often come with “lowball” offers.
Consider a different approach to maximize your home’s value and achieve a quick sale. Opt for a cash buyer marketplace. You could get offers from multiple local and national cash home buyers, possibly driving up your home sale price.
Reviews: 6 Best Cash House Buyers in Virginia
Here are the 7 best companies that make cash offers for homes in Virginia. Some may get you up to 100% of your property’s fair market value, while others may offer you as low as 30% cash for your house.
1. Houzeo.com: Virginia’s #1 Cash Home Buyer Marketplace
Max Exposure to Cash Buyers
Houzeo
- Service Fee: $399 Listing Fee
- Available in 80+ U.S. Markets
4.9/5
(10,020+ reviews)
4.9/5
(10,020+ 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 secure 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 + $350 at Close: 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:
- Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
- 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.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. The Houzeo Mobile App is also very powerful.
- No Listing Commission: In most states, you’ll pay just a small flat fee to list on MLS. Houzeo covers 47 states and DC! Remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
- Home Value Estimator: Houzeo’s home value estimator is online and quick to know the FMV of your home. It provides free home value estimates within 30 seconds.
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 10,000+ home sellers on Google and Trustpilot!
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
Houzeo is the best option for getting the most value for your home. It is a marketplace for all types of home sellers – whether you’re looking for a quick sale, an as-is sale, or a cash offer. Houzeo also gives your home maximum exposure to house-buying companies and individual investors.
2. Opendoor
BIGGEST IBUYER
Opendoor
- Service Fee: 5%
- 📍 Coverage: 45 markets
- 4.4/5
(3,250+ reviews)
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?
You can get a maximum of ~80% of your property’s fair market value with this iBuyer. If you meet their eligibility criteria, you can sell your home and close the sale in just 2 weeks.
However, the Opendoor cash offer could be much lower than your property’s FMV. Their service fee is also a steep 5% of your home’s sale price. Moreover, their repair cost breakdown is not disclosed in the closing statement.
3. Advantage Homebuyers of America
Local Cash home Buyer
Advantage Homebuyers of America
- Service Fee: None
- 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 Reviews: Read 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
Cash Offer Option
- Service Fee: None
- Closing in 3 weeks
- 2.33/5
( 5+ reviews)
2.33/5
( 5+ reviews)Pricing
Cash Offer Option helps you sell your home very quickly. They provide you with a no-obligation offer.
- Sell at $0 Commission: You can sell your home with a few photos and a basic property description without paying any agent commission.
- Zero Closing Costs: You don’t have to pay any closing costs as the company pays them.
👉 Our Take: We recommend a Cash Offer Option for added exposure outside MLS or real estate websites. You can negotiate the price for your home and close the deal without closing fees.
- Sell Your Home As Is: You can avoid the typical delays in foreclosure and renovations and sell your home as is.
- Get a Cash Offer Regardless of Condition: You can get an offer regardless of the condition of your home.
- Complete Assistance: The experts of Cash Offer Option will work with you and help you understand the process.
We found no deal breakers regarding the Cash Offer Option.
Customers talk positively about the services and support from the team.
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.
» Selling a Home As Is in Virginia: Check out our guide for selling your Virginia house as-is.
5. We Buy Houses
QUICK AND EASY SALES
We Buy Houses
- Service Fee: None
- Closing in 3 weeks
- 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
- Service Fee: None
- Close in 3 weeks
- 4.4/5
(420+ reviews)
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.
Top “We Buy Houses in Virginia” Companies Near You
| 1. Norfolk, VA | Cash Home Buyers in Norfolk, VA |
| 2. Virginia Beach, VA | Cash Home Buyers in Virginia Beach, VA |
Are Companies That Buy Houses for Cash Legit in Virginia?
Yes, companies that buy houses for cash in Virginia are legitimate and operate legally nationwide. Local companies are generally a group of wealthy investors, while banks back national cash buyers.
“We Buy Houses for Cash” companies purchase properties to renovate and sell them for a profit. This process is often referred to as “flipping houses in Virginia“. They will make an offer if your property can be bought and sold for a profit.
Types of Companies That Buy Homes in Virginia
Companies that buy homes for cash in Virginia help you skip the hassle of marketing, home staging, etc. There are 4 types of cash home buyers:
- We Buy Houses for Cash Companies: The best home-buying companies specialize in purchasing distressed properties. They typically offer prices ranging from 30% to 70% of the fair market value (FMV) and aim to renovate the homes for resale.
- iBuyers: They provide instant cash offers based on Comparative Market Analysis (CMA). While convenient, these offers often come in at 70% to 80% of the FMV.
- Buy-and-Hold Investors: Unlike flippers, these buyers acquire properties to hold them as rental investments. Their offers may be more competitive compared to flippers or iBuyers. They may not be ready to buy your home as is.
- Home Trade-In Services: These cash homebuyers give you cash before you move out to enable a smooth transition. These types of buyers are not easily found.
Companies that buy houses in Virginia wait for potential gold (such as your home) to hit the market. When you sell your home for cash, an ‘as is’ property with minimal repairs nets VA cash home buyers big profits.
How to Sell Your Home for Cash in Virginia?
Selling your home for cash can be a quick and convenient way to get the money you need. However, it’s essential to approach the cash-for-homes process with caution. Here’s a breakdown of the steps involved:
1. Evaluate Your Options:
Determine your timeline and your home’s condition. How quickly do you need to sell, and what repairs, if any, are necessary? This will help you set realistic expectations and a price based on comparable sales. You can also use a home worth calculator.
2. Find Potential Buyers:
Research all companies buying houses for cash in Virginia. Explore cash home buyers, including iBuyers, or consider selling your home independently through a Virginia flat fee MLS listing.
3. Get Multiple Offers:
Get a cash offer from multiple companies that pay cash for houses and compare them carefully. Consider factors like price, closing timeline, and any additional fees. Negotiate the terms to maximize your return and fulfill your objectives.
4. Due Diligence:
Thoroughly research any potential buyer and read their reviews. Avoid companies without a proven track record. Carefully review all contract terms before you sign, and consult a Virginia real estate attorney.
5. Close the Deal:
Once the offer meets your requirements, finalize the deal. Gather all the necessary paperwork for selling a house without a Realtor. Attend the closing meeting to complete the sale.
How Much Do “We Buy Houses for Cash in Virginia” 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.
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
So, if your home’s purchase cost is $400,000 and you spent $66,000 to fix it, the after-repair value will be $466,000.
| # | Cost Breakdown | Cost ($) |
| PPP | Property Purchase Price | $400,000 |
| COR | Cost of Repairs | $66,000 |
| – Roof Repairs | $50,000 | |
| – Sewage Replacement | $15,000 | |
| – Lawn Mowing Costs | $1,000 | |
| ARV | After-Repair Value | $466,000 |
Virginia cash home buyers offer only 70% of the ARV, so you can expect an offer of about $326,200.
Pros and Cons of Companies That Buy Houses for Cash in Virginia
Here are some pros and cons you should consider before selling your house fast for cash:
✅ Pros of Virginia Home Buyers
- 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 can get a cash offer within 24-48 hours if you submit your details on their website.
- Flexible Closing: Cash home buyers in Virginia move faster than traditional buyers. Home sellers can close on their timeline and need not wait for listing paperwork.
- No Service Fees: A Virginia cash house buyer doesn’t charge any service fee. The net profit after they fix and sell your home is enough to sustain the fix-and-flip model.
❌ Cons of Virginia Home Buyers
- Lowball Cash Offers: Cash companies that buy homes in Virginia 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 offer is usually take-it-or-leave-it. You can try to negotiate if the company overlooked something important, but most cash buyers will not budge.
- 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.
Alternatives to Companies That Buy Houses for Cash in Virginia
- List Your Home With a Flat Fee MLS Service: You can get up to 100% cash for your home on the open market. Your property gets maximum visibility to cash buyers and investors on the Virginia MLS.
- Hire a Top Realtor: Virginia 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. But, only high-tech For Sale By Owner websites in Virginia like Houzeo can help you sell your home for cash on the MLS!
» How to Sell a House By Owner in Virginia: Get to know how to make a profit when selling your home yourself.
Cash Home Buyers vs. MLS vs. Realtors
| Feature | Cash Buyer | Flat Fee MLS | Realtor |
|---|---|---|---|
| Price | Often 20% to 50% lower | Close to FMV | Close to FMV |
| Speed | Within 30-50 days | Varies | Varies |
| Fees | No commission, potential closing costs | Flat fee, closing costs | Commission, closing costs |
| Condition | Typically as-is | Can be sold as-is | May need repairs |
| Control | Minimal control | Some control | Less control |
Should You Sell to Companies Buying Houses in Virginia?
Yes, but only if you want to sell your home at the earliest or are okay with leaving money on the table. Don’t settle for an offer from the first company that buys houses for cash. Take a look at all the available offers from Virginia home buyers.
To get these offers, list your home on Virginia’s #1 cash buyer marketplace, Houzeo. Your listing will be active in less than 24 hours. Moreover, multiple cash buyers will ultimately drive up your final home price.
» Houzeo Reviews: See how Houzeo home sellers sell with Houzeo technology and MLS exposure.
Frequently Asked Questions About Virginia Home Buyers
Which is the best company that buys houses for cash in Virginia?
Houzeo is the most popular cash marketplace for selling homes for cash in Virginia. iBuyers like Opendoor and other 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 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 comes to you.
How can I sell my house fast for cash in Virginia?
Opt for a cash buyer marketplace to sell your home fast. “We Buy Houses for Cash” companies in Virginia are best for distressed homes. They will offer 30% to 70% of your home's FMV. An iBuyer has strict purchase criteria and may not offer more than 70%.
How fast can I sell my Virginia house?
You can sell your house in 7 to 30 days when selling your house for cash in Virginia. Also, if you're looking for a new home before you sell your existing one, take a look at VA homes for sale near you.
Is it a good idea to sell my house to cash home buyers?
No! If you want top dollar for your property, you need to sell your house by owner. If you want sell a distressed house and fast, then it is a good idea to sell your home on a cash buyer marketplace.
What to look for when choosing cash home buyers?
Look for legitimate cash home buyers that have been in business for a couple of years. They should have positive customer reviews on platforms like Google and Yelp.
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