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How long does it take to sell your home in Virginia Beach? The simple answer is 7-10 days if it’s a cash sale with no title issues. One of the biggest delay’s when trying to sell your house fast is waiting on the buyer’s lender. There are many reasons for this including, waiting on the appraiser to complete the appraisal, allowing the buyer to perform a home inspection, and even waiting on the buyer to produce various documents above and beyond what would typically be required. Every circumstance is vastly different, but what you can and should expect when attempting to sell your house fast is complete transparency. 

Avoid Wholesalers At All Costs

Just because you sign a contract from a cash investor with a fast closing date does not always mean you’ll close on that closing date. It really depends on the contract you are signing. Many times, cash investors are cloaked as wholesalers looking to sell the contract to other real estate investors. When this is the case, wholesalers will typically try to extend the timeline by including a much longer study period. They’ll say pretty much anything imaginable during this study period, but at the end of the day, this is a bad option when you need to sell quickly. It’s during this study period that they will try to sell the existing contract with you to another investor.  

Sell My House Fast vs. Dealing With Wholesalers

If you are on a tight deadline and absolutely have to sell your home fast, it’s best to be cautious and ask important qualifying questions to the investor that’s giving you the cash offer. This will prevent you from possibly having to release the contract with a wholesaler in Virginia Beach who never had intentions on purchasing your home and most likely, didn’t understand how to accurately negotiate the purchase price either. Here’s the top three red flags that will prevent your home from selling fast with a wholesaler posing as a cash investor: 

  1. Due Diligence – This is a glorified inspection. Allow the investor enough time to perform one inspection on the property. In certain circumstances, like severe structural issues, a second inspection may be required. In either case, there should be little need to have multiple appointments. Have any due diligence or study periods reduced as much as possible. 
  2. Property Access – Similar to the due diligence period, allowing property access multiple times is a red flag. While it’s imperative to have architectural designers, photographers, contractors, etc. view the property to give estimates or get ahead of the game, it’s not as important as selling your home fast – within 7 to 10 days.  
  1. Assignment – Allowing another party to assign your existing contract should simply not be allowed unless it can be thoroughly explained. Assignability screams wholesaling is involved and anytime the initial investor assigns the rights to your contract to another investor, it will add time to the process.

The goal is to sell your house as fast as possible and not allow the buyer to hold your house hostage for lengthy periods of time due to the contract. Knowing what to look for can help you avoid these perils.   

Questions To Ask When Trying To Sell Your House Fast

  1. How long do you need to inspect my house? 
  2. Are you going to have to bring more than 2 people to view my home?
  3. How many houses have you purchased in Virginia Beach?
  4. Can I see at least 3 tax records, showing your company name as the owner of the homes?
  5. Are you using a hard money lender? 
  6. You are not trying to wholesale my home are you?
  7. Can you sell my house fast and in less than 10 days?
  8. You won’t assign our purchase agreement to any other investors, correct? 
  9. Can I see proof of funds? 
  10.  How long is it going to take to perform a title search?
  11.  What real estate attorney or settlement company do you use? 

Title Issues Can Slow Everything Down

We come across title issues often. There’s no need to worry though. The good news is we can have a title examiner perform a title search in about 3 days. However, there are cases where the title examiner needs to spend many hours researching the chain of title. Typically, if we see any red flags when researching your property, prior to making an offer, we will do our best to inform you of potential delays due to title issues. Either way, this is a very important part of the process and we can expedite it if necessary.  

How We Buy Houses Fast

757 Offers is a cash home buyer located in Virginia Beach. We primarily purchase detached single family homes in and around Hampton Roads. We provide real cash offers. If you are trying to sell your house fast, we can close within 10 days assuming there are no issues with title as mentioned above. To explore more about our process, check out Our Process.