How Do I Sell My House In Virginia Fast For Cash?
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We’ll present you w/ a no-obligation offer
We close at a local reputable attorney
Selling Your Virginia Home Is As Easy As Pie!
Below is a detailed explanation of how the entire house buying / selling process works, from start to finish. Reading through this article will make you an expert on selling a home!
What You Will Need:
- Internet Access or a Phone
- A Reliable Form Of Communication / Think E-mail or Cell Phone
- A Computer or a Phone
- We speak on the phone for a few minutes
- You sign the agreement ELECTRONICALLY on your phone or computer
- We go to look at your property (10 minutes) and you don’t even have to be there. (This is just to verify the condition that we have agreed to buy your house in)
- We go to closing at our attorney. ( You don’t even have to go in-person. We can buy your house completely virtually!)
- You get your money. (The whole process can be as fast as a week, or as long as you need)
What Is A Cash Home Buyer?
A Cash Home Buyer is a person or company, who is capable of buying your house without the need to borrow money from banks or financial institutions. When the purchaser is using their own money, they are the final decision-maker, thereby eliminating the need for approvals or inspections from banks or 3rd parties.
Here are the 4 Easy steps to get your house in VA sold fast!
1) Find A Cash Buyer (Like Us)
Not all cash buyers are created equal. The methods they use to calculate your offer can vary greatly from one company to another. Make sure you go over the “How It Works” page, as well as their “About Us” or “Our Company” pages. You are looking for a transparent organization, with clear explanations, and a website that reflects pride in their business.
2) Fill Out The Online Form
Once you find a House-Buyer, get your cash offer started by submitting your information on their website. The information needed from you is:
- A reliable way to contact you (Phone or E-mail)
- The address of the property you want to sell
- Some details of the current condition of the home, including needed repairs.
3) Schedule Your Appointment
An appointment will be scheduled where you can meet the buyer, and walk through the property together. You can ask them any questions, and by the end of the walk-through, you will be presented with an offer. There should never be any cost associated with your offer, and never any pressure or obligation to accept.
4) Schedule Your Closing And Get Your Cash
After your offer is presented and you decide to accept it, you can set a closing date. At closing you will receive your cash. It’s that simple. Usually the Cash Buyer will pay all of the closing costs as well, therefore the amount you’re offered is the amount you’ll get!
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You Want To Sell Your House Fast For Cash?
Most “We Buy Houses” companies will start by giving you the lowest possible offer. As an established business, this doesn’t make any sense to us. We expend a great deal of time, energy, and resources analyzing properties, as well as driving all over Virginia to look at homes for sale. All of these services are FREE to you. No intelligent seller would accept a low-ball offer, and we would have spent a lot of time and resources for nothing.
How We Make Our Offers To Buy Your Va Home
Academy Home Buyers can only stay in business by getting offers accepted. The only way to do that is to give offers that you will be happy with! We do honestly try our best to give you the highest possible offer the first time, every time!
Our Offers Are Based Upon Your Home’s ARV (After Repair Value)
In simple terms, this means that we look at what the value of your home will be, once it’s completely fixed up. This value is used to formulate our offer.
- You have a house to sell.
- Now imagine that your neighbor’s house is identical to yours, EXCEPT that they have made a few upgrades. (Maybe updated kitchen or countertops, fresh paint, new roof, or new floors, etc..)
- Now imagine that the neighbor’s house sold for $300,000.
What Does This Information Tell Us?
We know the market value of your home if we fixed it up properly, and we know the cost of those repairs and upgrades. We can now make you an offer that works for our business. If this offer also works for you, awesome! We go to closing and you get your cash. As you can see, our offers are based upon market factors, not based upon how desperate or motivated you are to sell.
The Offer Calculation
We value honesty and transparency over virtually anything else. Therefore, we have no problem showing you exactly how we formulate our offers.
[Your Offer] = [A.R.V.] – [Cost Of Repairs] -[Selling And Holding Costs] – [Our Minimum Profit]
Terms and Definitions:
After Repair Value (ARV): This is the market value of your home AFTER we buy it and renovate.
Cost Of Repairs: This is what it costs us to repair and update your home after we purchase it from you.
Selling And Holding Costs: After we purchase your home, we have to pay the taxes and insurance while we also pay for the repairs an upgrades. AFTER it’s been fixed up and ready to sell, we have agent fees, closing costs, transfer taxes, and attorneys to pay. These are all of the fees you do not have to pay when you sell directly to us. When added up, these costs can be 10% to almost 15% of the selling price! (Our selling costs = 10% of the ARV)
Our Minimum Profit: Yes, we are in business to make a living, and we would not be in business very long if we didn’t make some profit. See, our business model however, is based upon keeping our per-deal-profit to a minimum, so that we can make the best offer possible, and therefore make more deals. More deals means more work for plumbers, carpenters and trades, which means better relationships for us.
IN SIMPLE TERMS PLEASE!
In Plain English, this formula is:
The market value of your house (After we fix it up), minus ALL of the costs, is our offer. It really is that simple.
Let’s say your house is in need of some extra attention. It may be livable, but could definitely stand to have some work done.
Your neighbor’s house is almost exactly the same, except they have a new roof, granite counter tops, and have recently updated the kitchen and bathrooms. The floors are new, as are the windows. See what this house looks like.
In order for us to sell your house for $300,000, we need to bring it to the same condition as your neighbor’s house, or better!
Would you pay $300,000 for your house in its current condition, if all of the other homes for sale in your neighborhood, at or around $300,000, were in better condition than yours?
Of course you would not!
Ok. So if the house would sell for $300,000 AFTER it’s fixed up, what would it sell for right now? As Is?
We will confer with our agent and our contractor, to determine what exactly needs to be done to the home in order to bring it to neighborhood standards, as well as give us a detailed analysis of the costs of those upgrades.
Let’s say our contractor tells us it will cost $70,000 to bring your house to its full condition.
We are ready to make you an offer!
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300K – $70K – $30K – $30K = $170K
Your Offer = $170K
I have some questions…
What does “as-is” mean?
We buy your Hampton Roads home in as-is condition… meaning you don’t have to worry about doing repairs, fixing your home up, or getting it ready for showings. We’ll handle all repairs, inspections, etc. after we purchase your home. We’ll factor this into our offer, of course, but it saves you the money and the headache associated with getting your home ready to sell.
What does “all-cash offer” mean?
All cash means exactly that – all cash! Because we are real estate investors who are purchasing your home directly, we don’t rely on traditional financing like retail homebuyers. When you sell to us, there’s no risk of financing falling through or closing being delayed. When we make you an offer, that’s the full amount you’ll receive if you sell us your Hampton Roads home.
How “fast” is a “fast closing?”
After you send us information about your home, we can make you a no-obligation, fair-cash offer in as little as 24 hours. After that, we can close at a local, reputable title company in as little as 7 days. Compare that to the 30+ days it can take to close when listing your house the traditional way, and the benefits are obvious!
What if I don’t need a “fast closing?”
At Academy Home Buyers, we work on your time frame. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc – we can schedule the closing on the day that works best for you!
Will I get a low-ball offer?
Our goal is to provide you with the most fair offer possible. Unlike other buyers or the big tech giants, we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. We’re entirely transparent with this offer process and happy to walk you through how it works.
Click here to learn more about how we calculate your offer.
Is this even legit?
Yes – the real estate industry is rapidly changing, and thousands of Americans are exploring their options when it comes to selling their house the fastest, easiest, and most transparent way. That’s where we come in. We offer an alternative for those who may not have the time or ability to list their house on the market for top dollar. We’ll work with you to assess your situation, make you a transparent all-cash offer and close on your timeline.