Sell your house for cash in Virginia

How to sell a house for cash in Virginia, step by step

1. Get your numbers first. Call your lender for a payoff statement and check your county tax bill. Run a quick estimate with our cash offer calculator so you know what a fair offer looks like.
2. Request several offers. One offer tells you nothing. Get at least two, from local investors, iBuyers that serve your area, or Cash Offer Desk where we buy, and check each one with the calculator.
3. Compare more than price. Look at the closing date, who pays closing costs and the transfer tax, the inspection period, earnest money, and whether the buyer will assign the contract.
4. Close with a professional. Licensed settlement agents, either attorneys or title companies, handle Virginia closings. An attorney is not required.
5. Get paid at closing. Your mortgage and any liens are paid from the sale proceeds, and the rest is wired to you or paid by check.

Wholesalers in Virginia

Yes. A 2024 amendment to the broker definition (Va. Code 54.1-2100) covers anyone who deals in real estate contracts, including assignable contracts, two or more times in any 12-month period, so frequent wholesalers need a license.

Wherever you live, ask every buyer one question: “Are you buying this house yourself, or will you assign the contract?” A wholesaler can still be a fine option if they are upfront about it. Read our guide to wholesaling for sellers before you sign.

Closing costs and taxes

The seller pays a grantor's tax of $0.50 per $500 of price (0.1%), plus a regional congestion relief fee in Northern Virginia. The buyer pays the state recordation tax of $0.25 per $100 (0.25%) plus local recordation tax.

Many cash buyers offer to pay closing costs. Get that in the contract, and ask which costs it covers. Capital gains rules are federal and state; a tax professional can tell you what you will owe.

Do you have to disclose problems?

Under the Virginia Residential Property Disclosure Act (Va. Code 55.1-700 and following), sellers give a buyer-beware statement rather than a full condition report, plus certain specific disclosures required by law.

If you are behind on payments

Most Virginia foreclosures are non-judicial trustee sales and are among the faster processes nationally.

Selling before a foreclosure sale can protect your equity and your credit, but watch for foreclosure rescue scams. Never sign your deed over to anyone outside of a formal closing. A free HUD-approved housing counselor can walk you through every option. More in our foreclosure guide.