Hello, everybody. This is Alex from Coastal Edge Homebuyers. I hope everybody’s having a good day.
I wanted to spend some time to go over some options for those of you who live out of state, but have a property here in the Hampton Roads area and you’re wondering, “How do I sell my house fast for cash in Hampton Roads, Virginia?” The house may be in any of the different cities around here. We work in Virginia Beach, Chesapeake, Norfolk, Suffolk, Portsmouth, Hampton, and Newport News.
Imagine that you have a house, let’s say, in Portsmouth, and you live out of state. You’ve been renting the house out for years, but you’re getting older. It’s time to retire. It’s time to unload that house. So what do you do? Well, if you live out of state, you have a couple of options. You can either fix it up, do some work to it, make it fully renovated if you want to get the best dollar for it, list it with an agent (a real estate agent) and basically you’re going to get top dollar for that house.
But, of course, that means you have to work with a real estate agent. You have to pay them commissions. For example, on a $200,000 house, that would be $12,000. The commission is 6%. You’re going to pay these commissions – 3% for the selling agent and 3% for the buying agent for whoever’s going to buy your house, they’re represented by someone called a buying agent. That’s how the real estate commissions work. When you’re considering that option, you also have to know that there has to be showings. So you have to stage, prepare your house. You have to clean it up too and do repairs.
Just a quick note on the repairs here. All these nice houses that you see online that are selling for top dollar in your neighborhood, well guess what? They have been renovated in the last one to three months. If you want to have the same amount paid for your house, you’re going to have to fix it up the same way as those other houses were fixed up, same level of rehabbing. A lot of people don’t realize that. They think, “Okay, maybe I renovated the house couple years ago. My kitchen and my bathrooms are great shape.” Well, they are great to you, but for the retail market, you’re competing for the top dollar with a house that was renovated in the last one to three months. So, if somebody walks into that other house, it’s going to look like it’s almost brand new. So obviously, they going to sell it for a higher amount than yours.
There’s different ways these formulas work. But basically, if you want to deal with contractors, and real estate agents, it will take some time to sell your house. It may take months. You have to fix up the house, put it on the market, do showings, and everything. If you’re remote, let’s say in another state, that may be a bit of a challenge, obviously.
But if you want to sell the house fast for cash, if you want to do it quickly, we can help you with that. Company like ours, this is exactly what we do. We are Coastal Edge Homebuyers. We buy houses locally, anywhere in the seven cities of Hampton Roads. We’ll be happy to take a look at your house and give you some options.
Basically, the cash option is the most popular one for people who want to do something very fast. We can close in about a week, if everything is great with the documents and the title. That is the quickest, fastest, easiest way to sell a house. Yes, you’ll be getting cash. It’s going to be a bucket load of hundred dollar bills. Well, I’m joking, of course. It’s not going to be like that. You’re going to get a check. But long story short, you’re going to get a check on the closing date, and you’ll be out on your way with some money in your pocket. So, the fastest way is to sell it for cash.
The slowest way, if you want to get the best dollars, would be yes to work with a real estate agent, fix it up, and then put it up on the MLS or other sites, and sell it retail. Again, it just depends on your personal situation. We can go over some of these options with you. If you’re willing to wait, we can get you a higher price, but if you’re willing to wait and be paid on terms. We can explain all that if you give us a call. Believe me, it’s not going to be confusing. We’re going to give you the top three best options for you, and you can do whatever is best for you in your situation and in the manner in which you want to sell that house.
Just remember that we are Hampton Roads’ premier cash buyer. We are Coastal Edge Homebuyers, and we buy houses locally. And yes, we can buy yours. It doesn’t matter where it is. If it’s in the Hampton Roads area, it doesn’t matter what location, or what condition. We’ll buy any type of single family home, also duplexes, triplexes, and anything in between. So just give us a call. We’ll be happy to help and present you with some options. This is Alex from Coastal Edge Homebuyers. You can find us online at coastalegdehomebuyers.com or on the phone by calling (757) 414-7117.