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.
“We Buy Houses Cash” Hampton Roads, Virginia, companies are known for making all-cash offers on homes that often 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.
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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 of selling your house for cash:
- Research and select a company: Research reputable We Buy Houses for Cash companies in Hampton Roads.
- Reach out to your chosen firm: Contact the selected company to express interest and provide basic details about your property.
- Arrange for a property evaluation: The company will visit your property to assess its condition.
- Receive an offer: Based on the inspection, the company will present a final cash offer.
- Review the offer: If you agree to the offer, accept it.
- Close 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 the quick process of 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 working with 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. It features one of the largest networks 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 7 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 platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it received its BBB accreditation in 2019 and now holds an impressive 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.
Website: homelight.com/simple
Phone: 844-488-8455
Situation Solutions One
Situation Solutions One is a premier home buying company that focuses on providing innovative and creative solutions tailored to homeowners’ unique needs. Their services include presenting fair cash offers without charging upfront fees or closing costs. The team allows homeowners to sell their houses as-is, on their terms, and without the stress of repairs or listings.
Prioritizing customer satisfaction, they help clients avoid the complications often associated with conventional sales, such as agent dependency, prepayment penalties, and foreclosure risks. Situation Solutions One 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; Situation Solutions One covers them.
Adhering to high standards of ethical business practices, Situation Solutions One has been BBB accredited since 2010 and holds an A+ rating. On Google, it earned 4.5 stars, and has garnered positive feedback for the team’s professionalism and commitment to providing a seamless home buying and selling experience.
Customers commend how easy the company makes the whole selling process, especially for people dealing with tough situations. The team’s professionalism and helpful attitude, especially when it comes to staying in touch and sorting out issues, stand out. Overall, people recommend Situation Solutions One for their fair offers and genuine care, making them a go-to choice for real estate solutions.
Website: hamptonroadscashhomebuyer.com
Phone: 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 stars, and reviewers highlight a consistently positive experience among clients who appreciate the promptness, professionalism, and transparency of the team. 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. Integrity Cash Home Buyers has an A+ rating with the BBB and has been accredited since 2022.
Website: integritycashhomebuyers.com
Phone: 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. The team provides 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. The company emphasizes personalized service, with the founder handling all transactions directly, and aims to tailor offers according to each homeowner’s unique situation.
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 and has received consistent praise for the team’s professionalism, responsiveness, and expertise in the real estate market. Clients have highlighted their exceptional communication skills, patience, and resourcefulness throughout the home-selling process.
Reviewers appreciated his honesty 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. Christian Buys Houses has been accredited with the BBB since 2023 and has an A rating.
Website: christianbuyshouses.com
Phone: 757-705-8812
Why sell your Hampton Roads house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Hampton Roads, selling a home on the open market using an agent takes around 61 days. That includes an average of 20 days listed on the market until a signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual 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: This option is ideal for those facing job transfers and needing to move on short notice.
- Divorce proceedings: A cash sale offers a simple solution for splitting marital assets during divorce.
- Financial emergencies: Selling for cash can be a lifeline during financial strain.
- Foreclosure solution: When you work with a house-buying company, they can help you avoid foreclosure, preventing further damage to your credit.
- Unwanted inheritance: Selling an inherited property for cash can simplify estate settlements.
- Home disrepair: A cash sale can be practical if your home is in poor condition and requires significant repairs.
- Landlord issues: If you’re tired of dealing with tenants, house-buying companies let you 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:
- Speedy sale: The process is typically much faster than traditional real estate methods, as it doesn’t require listings, showings, or waiting for buyer financing.
- No need for repairs: These companies will buy your house as-is, saving you the hassle of renovations.
- Easy process: The sale involves less complexity and paperwork, with no need for appraisals, inspections, or agent negotiations, making it a straightforward and stress-free experience for sellers.
- Guaranteed sale: A cash offer provides certainty in an uncertain market, eliminating the risk of deals falling through due to financing issues or last-minute buyer withdrawals.
Cons
However, there are some drawbacks to consider:
- Lower price offers: Expect offers below the market value of your home, as house-buying companies factor in repair costs, holding expenses, and the convenience they provide by streamlining the sale.
- No negotiations: Sellers have little to no room to negotiate, as the initial offer is sometimes fixed.
- Limited market exposure: Your property won’t be listed or marketed to a broader audience, which then reduces the likelihood of fetching higher offers.
- Scam risks: Some entities pose as legitimate cash buyers but actually operate house-buying 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.
Moreover, 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
Working with iBuyers
Instant buyers, or 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, iBuyer companies like Opendoor and Offerpad charge service fees of about 5% to 6% of the home’s sale price.
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 $25,000 of work to get there.
($340,000 x .70) – $25,000 = $213,000
In this example, a Hampton Roads We Buy Houses company might offer you about $213,000 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 they look for homes in better condition. An iBuyer might pay you 90% or more of the 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 | 61 days average; 20 to attract an offer, 41 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on 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 the title before you can sell the 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 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s sale price on top of the agent’s 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 $315,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $340,000.
| Sell to a We Buy Houses for Cash company in Hampton Roads | Sell with a top Realtor in Hampton Roads | |
| Estimated sale price | ($340,000 x .70) – $25,000 = $213,000 | $315,000 |
| Market preparations | 0 | $3,150 (1% of the sale price) |
| Agent commissions | 0 | $9,450 (3% of the sale price) |
| Closing costs | 0 | $4,725 (1.5% of the sale price) |
| Estimated take-home for seller | $213,000 | $297,675 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be challenging in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Speedy, convenient sale: 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.
- Due diligence: Thoroughly vetting the buying company is crucial to avoid scams.
- Property value insights: Know your home’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.
Editor’s note: This post is for educational purposes only. Links to and mentions of Hampton Roads area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (fireandstone / DepositPhotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.