5 Top We Buy Houses for Cash Companies in Hampton Roads
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
In Hampton Roads, Virginia, the real estate landscape is witnessing a growing trend toward We Buy Houses for Cash companies. These firms are known for making all-cash offers on homes, often that require a lot of work. For homeowners without the time, money, or expertise for home repairs, opting for a cash sale can be a swift and effective solution to move forward with life’s plans.
Whether it’s a sudden relocation, financial necessity, or other life changes, selling your house for cash can offer a viable exit strategy in unpredictable times.
This article explores the benefits and drawbacks of choosing a cash-for-homes company in Hampton Roads. Understanding these aspects will help you, as a homeowner, make an informed decision about selling your property.
Sell Your Hampton Roads House Fast With an All-Cash Offer
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Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Hampton Roads area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Hampton Roads
Engaging with house-buying companies in Hampton Roads can be a straightforward path to selling your home quickly. Here are the key steps involved in the process:
- Research and select a company: Research reputable We Buy Houses for Cash companies in Hampton Roads.
- Initial inquiry: Contact the selected company to express interest and provide basic details about your property.
- Property evaluation: The company typically will evaluate your property to assess its condition.
- Receive an offer: The company will present a cash offer based on the assessment.
- Acceptance of offer: If you agree to the offer, you’ll accept it.
- Closing the deal: Finally, you’ll close the deal, sign the necessary documents, and receive the cash for your home.
Popular We Buy Houses for Cash companies in Hampton Roads
If selling to a house-buying company in Hampton Roads sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies that will pay cash for your bungalow-style or your parents’ Colonial-style home. By selling to one of these companies, you can sell your Hampton Roads home in as little as a week or two.
Hampton Roads House Buyers
Hampton Roads House Buyers is a veteran-owned company offering homeowners in Virginia a fast, hassle-free way to sell their houses. With zero fees or commissions, they provide fair cash offers regardless of a property’s condition — whether facing foreclosure, in need of repairs, or simply unwanted.
Once homeowners submit their information, they typically receive a cash offer within 24 hours. They can close in as little as seven days or on the seller’s schedule, with the potential for a check in hand the very same day.
Locations: Virginia, including Hampton Roads
Closing costs: Sellers pay no closing costs; Hampton Roads House Buyers covers them.
Hampton Roads House Buyers has been BBB accredited since 2021 and holds an A+ rating. They have a perfect 5-star Google review rating, and consistently receive high praise for their professionalism, quality of work, and responsiveness. Clients appreciate the effortless experience of purchasing homes that have been meticulously rehabbed, noting that each renovation meets high standards and enhances both functionality and aesthetic appeal. Many reviewers emphasize the company’s transparency throughout the buying process, highlighting their willingness to answer questions and address concerns promptly.
Customers also commend the speed and efficiency of transactions, with several mentioning quick responses and expedited closings, often within 30 days. The company’s ethical approach and commitment to treating clients like family have made them a top choice in the region. Overall, clients feel confident recommending Hampton Roads House Buyers to anyone looking to buy or sell a home, underscoring the positive impact of their expertise in real estate.
Website: hamptonroadshousebuyers.com
Phone: 757-498-2101
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Hampton Roads and across the country can request a cash offer for their home. Simple Sale connects you to the largest network of cash buyers in the US, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in locations throughout Hampton Roads.
With Simple Sale, you can get a no-obligation, all-cash offer in as little as 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Hampton Roads
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB-accredited with an A+ rating. The company has 4.8 stars on Google based on hundreds of user reviews. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.
Learn more: homelight.com/simple
Phone: 844-488-8455
Hampton Roads Cash Home Buyer
Situation Solutions One — DBA Hampton Roads Cash Home Buyer — is a premier home buying company serving all of Hampton Roads, Virginia. Unlike traditional real estate agents, they focus on providing innovative and creative solutions tailored to homeowners’ unique needs. Their services include fair cash offers for properties without charging upfront fees or closing costs, allowing homeowners to sell their houses as-is, on their terms, and without the stress of repairs or listings. As a for-profit business, they prioritize customer satisfaction by helping clients avoid the complications often associated with conventional sales, such as agent dependency, prepayment penalties, and foreclosure risks. Hampton Roads Cash Home Buyer strives to make the home-selling process smooth and efficient, putting cash in homeowners’ hands when they need it most.
Locations: Hampton Roads and surrounding areas
Closing costs: Sellers pay no closing costs; Hampton Roads Cash Home Buyer covers them.
Situation Solutions One Inc. has a Google review rating of 4.5 stars, and has garnered positive feedback for their professionalism and commitment to providing a seamless home buying and selling experience. Clients frequently highlight the smooth transactions, noting the team’s availability and responsiveness throughout the process. Many reviewers express satisfaction with the quality of renovations, particularly in older homes, emphasizing how they appreciate the attention to detail that makes these properties turnkey.
Customers commend the company’s ability to simplify the selling process, especially for those facing personal challenges, allowing them to transition to new homes without added stress. The professionalism and support provided by team members, particularly in communication and issue resolution, have made a lasting impression on clients. Overall, reviewers recommend Situation Solutions One Inc. for their fair offers and dedication to client satisfaction, making them a trusted choice for real estate needs. Hampton Roads Cash Home Buyer has been BBB accredited since 2010 and holds an A+ rating.
Website: hamptonroadscashhomebuyer.com
Phone number: 757-327-4444
Integrity Cash Home Buyers
Integrity Cash Home Buyers is a local, family-owned business dedicated to helping residents in Hampton Roads, Virginia, sell their homes quickly and efficiently. With a mission to relieve homeowners of the stress associated with property sales, the company provides fair cash offers within 24 hours and can close in as little as 14 days, regardless of a property’s condition. Known for their professionalism, transparency, and compassion, Integrity Cash Home Buyers offers a hassle-free experience without hidden fees or closing costs. The team, led by Mike McClung, prioritizes integrity and commitment to the community, ensuring a seamless process that empowers families to move forward confidently.
Locations: Virginia, including Hampton Roads
Closing costs: Sellers pay no closing costs; Integrity Cash Home Buyers covers them.
Integrity Cash Home Buyers has a Google review rating of 4.8, and reviewers highlight a consistently positive experience among clients who appreciated the promptness, professionalism, and transparency of the team, particularly Mike. Many reviewers noted the ease and efficiency of the home-selling process, praising how the company lived up to its name by providing stress-free transactions and fair offers. Customers felt supported throughout, with several mentioning how accommodating the team was regarding timelines and specific needs. Overall, the testimonials reflect a strong recommendation for anyone seeking a hassle-free way to sell their home, underscoring the company’s commitment to integrity and customer satisfaction. Integrity Cash Home Buyers has an A rating with the BBB but is not currently accredited.
Website: integritycashhomebuyers.com
Phone number: 757-276-3322
Christian Buys Houses
Christian Buys Houses, founded by Christian Dunlap, prides itself on offering an uncomplicated, no-pressure approach, emphasizing transparency and catering to those facing unconventional selling situations. As a cash home buyer with five years of experience, he and his father, Blair, provide fast and fair offers, allowing for quick closings on the seller’s preferred date. They buy houses in any condition, eliminating the need for costly repairs and making the process simple and transparent. Christian emphasizes personalized service, handling all transactions directly, and aims to understand each homeowner’s unique situation to tailor his offers.
Locations: Virginia, including Hampton Roads
Closing costs: Sellers pay no closing costs; Christian Buys Houses covers them
Christian Buys Houses has 4.9 stars with Google reviews, where Christian has received consistent praise for his professionalism, responsiveness, and expertise in the real estate market. Clients have highlighted his exceptional communication skills, patience, and resourcefulness throughout the home selling process. Many noted that he provided valuable information on options available, successfully listing homes quickly, often under contract within days. Reviewers appreciated his honesty, respect, and ability to answer questions thoroughly, making the experience smooth and informative. Several clients expressed their willingness to recommend his services to friends and family and to work with him again in the future.received overwhelmingly positive reviews from homeowners. Reviews suggested recommending this company to friends and family, emphasizing the team’s team’s respectful and understanding nature. Christian Buys Houses has been accredited with the BBB since 2023 and has an A rating.
Website: christianbuyshouses.com
Phone number: 747-705-8812
Why sell your Hampton Roads house for cash?
A homeowner in Hampton Roads may choose to partner with a cash-for-homes company for several compelling reasons. The standout benefits include rapid transactions, guaranteed outcomes, and exceptional convenience, making the selling process seamless and efficient.
In Hampton Roads, selling a home on the market typically takes about 75 days using an agent. That includes an average of 31 days on the market plus the typical 44 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in Hampton Roads, and it’s clear why these cash-for-homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
There are several scenarios in which selling your home to a top We Buy Houses for Cash company in Hampton Roads could be the right move for you:
- Quick relocation: For those facing job transfers and needing to move on short notice.
- Divorce proceedings: A cash sale offers a simple solution during divorces.
- Financial emergencies: Selling for cash can be a lifeline during financial strain.
- Avoiding foreclosure: A quick cash sale can help you avoid foreclosure.
- Inheritance: Selling an inherited property for cash can simplify estate settlements.
- Home disrepair: A cash sale can be practical if your home requires significant repairs.
- Landlord issues: Ideal for landlords looking to offload rental properties quickly.
If you’re dealing with any of these situations, a house-buying company in Hampton Roads could offer the quick and efficient sale you require. It’s a route that promises speed and convenience, but it’s not without its trade-offs.
As we move forward, we’ll explore the pros and cons to give you a comprehensive picture of what to expect and help you decide if selling your Hampton Roads home for cash aligns with your goals.
Pros and cons of house-buying companies in Hampton Roads
There are many pros and cons to selling your house for cash. In this next section, we will look at the obvious and not-so-obvious benefits and drawbacks of selling your home quickly for cash.
Pros
House-buying companies in Hampton Roads offer several key advantages:
- Speed of sale: The process is typically much faster than traditional real estate methods.
- No need for repairs: These companies will buy your house as-is, saving you the hassle of renovations.
- Ease of process: The sale involves less complexity and paperwork.
- Guaranteed sale: A cash offer provides certainty in an uncertain market.
Cons
However, there are some drawbacks to consider:
- Lower price offers: Expect offers below the market value of your home.
- No negotiations: The price offered is typically non-negotiable.
- Limited market exposure: Your property won’t be listed or marketed to a broader audience.
- Potential for scams: It’s important to research and verify the legitimacy of any company you plan on entering into a financial transaction with.
Next, let’s delve into how to vet cash buyers and help you understand the potential value of your home in the Hampton Roads market.
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Vet cash buyers and know your home’s worth
The integrity and service quality can vary when working with a We Buy Houses for Cash company in Hampton Roads. Your experience largely will depend on the character of the person or group you deal with. Before committing to a cash offer, thoroughly vet the company. Check their reviews, read testimonials, and research their market presence and performance.
Additionally, it’s crucial to read the buying agreement carefully before signing. Understanding the terms and conditions ensures you’re fully aware of your commitment and protects your interests.
Other options to sell your Hampton Roads home quickly
iBuyers
iBuyers use automated valuation models (AVMs) to offer fast, mostly online home sale experiences. They provide all-cash offers close to market value for homes in good condition, with the entire process ranging from days to two weeks. However, companies like Opendoor and Offerpad charge service fees of about 5% to 6%.
Listing with an agent
Despite the quick-sale focus of cash-for-homes, considering a top real estate agent could be beneficial, especially in a seller-friendly market. Agents often achieve higher selling prices and provide valuable insights through a comparative market analysis (CMAs), helping set a competitive listing price. This service is often free. They may also connect you with cash buyers offering closer to market value.
FAQs on Hampton Roads house-buying companies
Most We Buy Houses for Cash companies in Hampton Roads are legitimate businesses. Their services and transaction fees may differ, but the business model has existed for decades. If you use an established group with a track record, you can be reasonably confident that it’s legitimate.
As with any financial transaction, it’s a good idea to be alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the Better Business Bureau website. Watch for anything that just doesn’t seem right.
Most Hampton Roads We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) minus their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
Let’s look at an example offer equation to see how this might work in a real-world scenario. Let’s say your Hampton Roads Bungalow could sell for $340,000 after repairs, but it will need $30,000 of work to get there.
($340,000 x .70) – $30,000 = $208,000
In this example, a Hampton Roads We Buy Houses company might offer you about $208,000 for your home.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from a We Buy Houses for Cash company in Hampton Roads, it can feel like a double-edged sword. On one hand, you won’t incur extra costs since these companies manage nearly everything after your acceptance. On the other hand, you may receive a lower overall amount for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if hidden program fees might affect your bottom line is always a good idea.
We Buy Houses for Cash in Hampton Roads vs. top Hampton Roads agent
Let’s compare how a We Buy Houses for Cash company might stack up against working with a real estate agent.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Hampton Roads | Sell with a top Realtor® in Hampton Roads |
| Selling timeline | 7 to 30 days | 75 days average; 31 to attract an offer, 44 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
| Appraisal | None | May need to lower your asking price if the appraisal comes in low |
| Title search | Cash-for-homes companies often handle title issues | Must clear title before you can sell home |
| Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
| Agent commission | None | 3% to 5.8% average |
| Closing costs | None | 1% to 3% of the home sale price on top of agent commission |
Example net proceeds
Below, we’ve compiled one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Hampton Roads is currently worth about $340,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $365,000.
| Sell to a We Buy Houses for Cash company in Hampton Roads | Sell with a top Realtor in Hampton Roads | |
| Estimated sale price | ($365,000 x .70) – $25,000 = $230,500 | $340,000 |
| Market preparations | 0 | $3,400 (1% of sale price) |
| Agent commissions | 0 | $10,200 (3% of sale price) |
| Closing costs | 0 | $5,100 (1.5%) |
| Estimated take-home for seller | $230,500 | $321,300 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best in your situation will depend on the condition of your property, what level of repairs are needed, and your selling objectives. It could be that selling on the open market will be challenging in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Speed and convenience: Selling to a cash-for-homes company offers a quick, hassle-free transaction.
- No repairs needed: You can sell your home in its existing condition without any renovations.
- Lower offers: Be prepared to receive offers below the market value.
- Research is key: Thoroughly vetting the buying company is crucial to avoid scams.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Hampton Roads agent.
Header Image Source: (fireandstone / DepositPhotos)
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