How does a cash offer for my house work?

You give us the address and a few details about the home. Within 24 hours we send a written cash offer based on a clear formula — roughly 70% of after-repair value minus our estimated repair cost. If you accept, we pick a closing date (as few as 7 days), and a Virginia title company wires you the funds at closing. No repairs, no showings, no commissions.

How much will I get if I sell my house for cash?

Typically 70-75% of what your home would sell for fully repaired and listed on the MLS, minus our estimated repair budget. The exact number depends on your home's after-repair value, the work it needs, and current Hampton Roads market conditions. We always walk you through the math line by line so you can see exactly how we got there.

How long until cash hits my account after I accept?

Closing happens 7-21 days after you accept, depending on the timeline you want. At closing, the title company wires the funds to your account or hands you a certified check that day. There's no financing contingency, no appraisal contingency, no waiting on a bank — so once we sign, the closing date is the closing date.

Is the cash offer the same as the price I keep, or are there fees?

The offer is the amount you walk away with. We pay all standard closing costs. There are no agent commissions because we're buying directly, not listing. No inspection deductions after the fact (we know what we're buying when we make the offer). No hidden fees.

What's the difference between a cash buyer and a wholesaler or iBuyer?

A wholesaler doesn't actually buy your house — they put it under contract and try to assign that contract to a real investor for a fee. Many deals fall through. An iBuyer (Opendoor, Offerpad) is an out-of-state company that gives you an algorithm-generated price, then deducts repair costs and service fees after inspection — and they don't operate consistently in Hampton Roads. We are the actual buyer. We close with our own money through Friend in Realty LLC. We don't assign, we don't reprice, we don't wholesale.

Hampton Roads cash home buyerNorfolk

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We buy houses in Norfolk for cash.

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Offer in hand

Or call (757) 347-8487

Written cash offer within 24 hours · Close in as few as 7 days

If you've been searching for a cash offer on your Norfolk house, you've probably gotten yard signs stapled to telephone poles, out-of-state 800 numbers calling at dinner, and lowball investors who reprice you after inspection. We do it differently in Norfolk: a real written cash offer with the math shown line by line, from a team that has bought and sold hundreds of houses across Norfolk since 1999.

A real written offer on your Norfolk house.

Within 24 hours of walking your Norfolk property, we send a written purchase agreement with the price, the closing date, and our proof of funds. You can show it to your attorney, your spouse, or anyone else before signing. We don't quote a range over the phone and then reprice you at inspection. The number you see is the number we close on.

Cash means a wire — closed at a Norfolk-area Virginia title company.

"Cash" doesn't mean we show up with a briefcase. It means there's no bank, no mortgage underwriter, and no appraiser standing between you and the money. Closing on your Norfolk house happens at a Virginia title company you can walk into. The title company wires the funds to your account that day.

The offer is what you keep.

We pay all standard Norfolk closing costs. No agent commissions (we're buying your house directly, not listing it). No "service fees" deducted after the fact. No surprise repair credits at the closing table. The cash offer you sign is the amount the title company sends you.

Timeline honesty

Sell your Norfolk house fast — how fast really depends on your situation.

If you searched "sell my house fast Norfolk," you probably have a hard date you're working against — PCS orders, a job start out of state, a foreclosure sale date, or a family situation that just needs to be done. Fast means different things depending on which one you're facing.

Our fastest documented Norfolk close was 7 days from signed offer to wired funds — a Navy family in Ocean View with orders to Pearl Harbor. Typical is 9-14 days. The gating factor is almost always title work, not us — how fast the Virginia title company can clear liens, verify chain of title, and get to closing. If your Norfolk house has clear title, we can close inside 10 days almost every time.

If you need it faster than that, tell us the exact date and we'll tell you honestly whether we can hit it. We turn down deals we can't close on time rather than promise a date and miss it.

If you have 30-90 days and speed isn't the main driver, we'll usually tell you to list traditionally — you'll almost always net more. Barry is a licensed VA agent (LPT Realty), so if listing pays more, we can list it for you. Same team, whichever path serves you best.

Local Norfolk cash home buyers

We're the cash home buyers in Norfolk who actually live here.

Most "cash home buyers Norfolk" search results are national iBuyers with a call center in Phoenix, or wholesalers who put your address into an algorithm and reprice you after inspection. We're different: Barry Jenkins has lived in Hampton Roads for 27 years, is a licensed VA agent through LPT Realty, and Legacy Home Team has bought and sold hundreds of Norfolk houses since 1999.

When you call us about your Norfolk house, you're talking to someone who knows the difference between Ocean View flood zones and Larchmont's older housing stock. Someone who knows that Naval Station Norfolk PCS cycles drive Ocean View turnover in summer and Ghent rentals in winter. Someone who can drive past your Norfolk property tomorrow, not schedule a Zoom call from three time zones away.

Proof of funds: we can send you a bank verification letter within an hour of a serious conversation. No "funding partner" that goes silent at inspection. No assignment fees. When we say cash, we mean a wire transfer from a Virginia title company to your account on closing day.

That's what "local cash home buyers in Norfolk" should actually mean — and it's the standard we hold ourselves to on every offer.

How the math works in Norfolk

How we calculate your Norfolk cash offer.

Every Norfolk cash offer we make is built from the same formula. We share it openly because we'd rather you understand the number than feel pressured by it.

The formula: After-Repair Value (ARV) × 70% − estimated repairs − holding & closing costs = your cash offer.

A real Norfolk example. A three-bedroom brick ranch in Norfolk near Naval Station. Comparable updated Norfolk homes are selling around $300,000. The home needs a roof, HVAC replacement, and cosmetic updates — about $40,000 in work. Holding costs and standard closing costs add another $9,000 before we resell.

$300,000 ARV × 70% = $210,000
− $40,000 repairs = $170,000
− $9,000 holding & closing = $161,000 cash offer to you

The 70% multiplier covers our profit margin and the risk we take. We have to budget for surprises — a hidden mold issue, a tax lien, a slower-than-expected Norfolk resale. If everything goes perfectly we make a fair return. If we hit problems, the math still works — for us and for you.

Norfolk market context: Norfolk's median is around $260K citywide, with older stock in Ocean View and Park Place running lower and Larchmont/Ghent commanding premiums. We pull comps from your specific Norfolk neighborhood, not a citywide average.

When we walk you through your specific Norfolk cash offer, we share the comps we used, our repair estimate, and the holding cost assumption. If you disagree with any line, we talk about it. We've adjusted offers when Norfolk sellers showed us comps we missed or proved a repair was lighter than we estimated.

Norfolk situations we buy in

Why Norfolk sellers call us.

Norfolk is home to Naval Station Norfolk — the largest naval base in the world. PCS orders drive a steady stream of Norfolk sellers who need to close before a hard report date, and cash is often the only way to hit that timeline.

PCS orders

You have a hard report date and can't wait 60-90 days for a traditional Norfolk sale to close through underwriting and appraisal.

Ocean View flood zone properties

Insurance rates on older Norfolk waterfront homes make them slow to sell. We buy in the flood zones other buyers walk away from.

Older Norfolk homes needing work

Larchmont bungalows, Ocean View ranchers, and Park Place row houses often need roofs, HVAC, or foundation work. We buy them in current condition.

Inherited Norfolk property

You inherited a house in Norfolk that's out of state and full of belongings. We handle the cleanout and the closing so you don't have to fly back to Virginia twice.

Neighborhoods we actively buy in across Norfolk: Ocean View, Ghent, Larchmont, Colonial Place, East Beach, and Park Place. If your Norfolk property is in a different area, we still want to hear from you — we cover every Norfolk ZIP.

"Most cash buyers won't show you the math. We do — line by line, before you ever commit. If the offer doesn't make sense, you should be able to see why."

Barry Jenkins · Founder · Licensed VA Real Estate Agent · LPT Realty

Norfolk cash offer FAQ

Norfolk sellers ask us these questions the most.

How fast can you actually close in Norfolk?

Our fastest documented Norfolk close was 7 days from signed offer to wired funds — a PCS seller in Ocean View with hard report-date orders. Typical range is 9-14 days, gated by how fast the title company clears any liens or tax issues. If you need a specific date, tell us and we'll tell you honestly whether we can hit it.

Do you buy houses in Ocean View flood zones?

Yes. Ocean View, Willoughby, and Riverpoint properties with elevation certificate issues or high flood insurance quotes are exactly the kind of Norfolk homes traditional buyers walk away from — and exactly the kind we buy. We factor the flood insurance into our number instead of using it as an excuse to lowball you at inspection.

What about houses near Naval Station Norfolk with jet noise or lease-back tenants?

We buy Norfolk houses near NS Norfolk regularly. Jet noise doesn't scare our resale pipeline. If you're currently deployed and have tenants in the property, we can coordinate closing around lease terms and even keep good tenants in place after we buy.

Will your Norfolk cash offer be lower than a traditional listing?

Yes — that's the honest math. Our Norfolk cash offer is typically 70% of after-repair value minus repairs and holding costs. If your Norfolk house is move-in ready and you have 60-90 days to list traditionally, listing will usually net more. We tell you that honestly. Barry is also a licensed VA agent (LPT Realty), so if listing pays more we can list it — same team, either path.

Do you charge Norfolk sellers any fees?

No. No commission, no service fees, no repair credits at closing. We pay all standard Norfolk closing costs. The number on the purchase agreement is what the title company wires to your account.

Service area

We buy Norfolk houses across every ZIP — Ocean View, Ghent, Larchmont, Colonial Place, East Beach, and everywhere in between. We also cover the other six Hampton Roads cities.

Other Hampton Roads cities we cover: Virginia Beach · Chesapeake · Portsmouth · Suffolk · Newport News · Hampton. We also buy in the Outer Banks NC, Northern Neck VA, and Virginia's Eastern Shore — call us if your property is just outside Hampton Roads.

Ready when you are

Get your cash offer. No obligation.

Takes 30 seconds to tell us about your home. You'll have a written cash offer within 24 hours. If you'd rather talk first, call — we answer the phone.

Get my cash offer Or call (757) 347-8487

Required Disclosures

Dual role: Barry Jenkins is a licensed Virginia real estate agent with LPT Realty. Cash offers presented through this site are made by Friend in Realty LLC, a company in which Barry has an ownership interest. When acting as a direct purchaser, Barry is acting as a principal in the transaction — not as your agent — and does not owe you fiduciary duties in that capacity. Sellers always retain the right to list with the agent of their choice, including listing with Legacy Home Team on the open market.

Brokerage: Legacy Home Team is a team of real estate professionals affiliated with LPT Realty, LLC. Our brokerage office is located at 1545 Crossways Blvd, Suite 250 #242, Chesapeake, VA 23320.

Equal Housing Opportunity. All offers are presented in writing. You are under no obligation to accept any offer. Read our full "How We Work With You" disclosure.