Selling property creates a stressful situation for anyone who wants to do it. The process of moving quickly generates major stress levels for people who need to relocate right away. The traditional route?You’d hire a real estate agent and watch 6% of your sale price disappear in commission.The value of the home drops below $200,000 which results in a loss of $12,000. Homeowners choose to use Richmond sell my house fast services because they need to sell their houses right away.
What is a company that buys houses?
Cash home buyers can make quick offers.
A company that buys houses offers property owners immediate cash offers for their properties. The entire process of showing homes and negotiating back and forth and waiting for months disappears when you skip it. The majority of these businesses operate within their local communities so you should understand the market if you want to sell your house fast in Virginia.
Here’s the thing: these companies often buy homes in any condition.The condition of a leaky roof or foundation problems does not affect the situation. The company will respond to you within a few days or sometimes within a few hours to tell you if they want to buy.
Types of companies that buy houses
Every investor follows distinct investment strategies.
House Flipping Companies
House flipping companies purchase properties to renovate them before reselling for profit. The buyers search for 1970s split-level homes which require major renovations including removing orange shag carpet. The homeowners will get better offers when they invest in new kitchens and bathrooms and possibly remove some walls.
iBuyers
iBuyers operate through a distinct operational system. They use online home transactions to generate instant market-based offers. The companies choose properties which require minimal work because they only need to perform painting and carpet replacement. Speed is their game, not major renovations.
Buy-and-Hold Companies
Certain investors choose to avoid property flipping as an investment approach. They maintain ownership of their properties for an extended period while receiving monthly rental income. The owners would decide between floor covering replacement or painting the walls with neutral colors before they start their search for tenants. You’ll find plenty of these in markets like sell my house fast in Norfolk, where rental demand stays strong.
Worked Pricing Example
Let me break down the math: Say your house could sell for $150,000 as-is.The buyer sets the repair budget at $25,000 for roof replacement and HVAC system modernization and kitchen modernization. The seller requires $15,000 in profit along with $5,000 to cover closing and holding expenses. Your offer? Probably around $105,000 cash.The final amount results from subtracting all expenses from $150,000.
Pros of Selling a Property to a Company that Buys Houses
You can sell your home as-is to avoid spending money on repairs and to speed up the process.
- No commission fees: That 4–6% stays in your pocket.
- Cash offers: No waiting for buyer financing to come through.
- Fast closings: We’re talking days or weeks, not the usual 30-45 days.
- Sell as-is: Forget fixing that broken dishwasher or patching the hole in the wall.
- Certainty: Cash deals rarely fall apart at the last minute.
Local buyers like Eagle Cash Buyers can apparently close quickly on any property type—whether it’s a fixer-upper or just outdated—in areas like sell my house fast in Chesapeake.
Drawbacks of Selling to a Company that Buys Houses
The convenience you receive comes at a cost because you must accept lower prices. Sometimes a lot of dollars.
Potential scams: People who say they have money might not actually have any.
Business first: Some companies might prioritize their bottom line over what’s best for you.
Seller Checklist Before Accepting an Offer
- Google the company. What are past sellers saying?
- Ask for proof they actually have the money.
- Get a rough idea of your home’s market value first.
- Read every line of that contract. Yes, even the boring parts.
- Pin down exactly when they’ll close.
- Watch for sneaky fees buried in the paperwork.
List of Companies that Buy Houses
Eagle Cash Buyers
The BBB-accredited company offers cash payments without requiring customers to pay any commissions or closing expenses. They claim they won’t pressure you—though that’s what they all say, right?
HomeGo
A flipper who will give you an immediate cash offer after someone sees your house in person.
HomeVestors
You’ve probably seen their “We Buy Ugly Houses” billboards.The process for them to make an offer usually takes two days and they may complete the sale within three weeks.
iBuyHomes
The financing and closing procedures belong to them. They can sometimes finish everything within seven days.
Opendoor.com
An iBuyer that makes offers within 24 hours.Closing takes 14–60 days, but they do charge a service fee.
Zillow
The platform provides fast property value assessments through its Zestimate tool. Just know they’ll charge fees for repairs and closing costs.
FAQs
The time it takes to sell to a cash home buyer depends on various elements.
The typical duration falls between 7 and 14 days when all elements fit together properly. The condition of your property alongside your personal situation will determine the outcome.
Will I get market value for my home?
Honestly?Probably not. The offers need to be lower than market value because they must cover repair costs and carrying expenses and still make a profit.
Are all companies that buy houses legitimate?
No, the answer turns out to be negative. Do your homework.If the person refuses to show proof of funds or appears too aggressive then you need to leave.
Can I sell an inherited house quickly?
You can. Several companies actually specialize in inherited properties and know how to navigate the legal stuff and deferred maintenance.
Do I need to clean or repair before selling?
Cash buyers operate with the advantage that they acquire properties in their existing state. Leave that broken garage door alone.
For more local guidance, see our page on sell my house fast in Newport News.
