Selling Directly To Onyx REI vs. Listing With A Local Virginia Real Estate Agent
In the bustling real estate markets of Virginia, sellers often gravitate towards the allure of top dollar listings through traditional real estate agents. While this approach may seem appealing, it’s crucial to consider all your options and weigh their true implications.
While a high sales price may grab your attention, it doesn’t always translate to more profit in your pocket or a smoother selling experience. Traditional sales often involve lengthy timelines, unpredictable buyer contingencies, and hefty commission fees that can significantly erode your final proceeds.
| Selling w/ A Virginia Agent | With Onyx REI | |
|---|---|---|
| Commissions / Fees: | Real estate commission costs up to 6%, which are borne by the seller | None |
| Who Pays Closing Costs? | On average, sellers cover 2% of the closing costs. | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. According to the Redfin Real Estate Market Report for August 2023, 15.1% of home purchase agreements in Virginia fell through in August 2023. This was up from 12.3% in August 2022. The increase in the fall-through rate is likely due to rising interest rates and a slowing economy. | No Financing Contingency |
| Appraisal Needed: | Yes, an appraisal is a common contingency in real estate transactions.. | No, we make cash offers. |
| Average Days Until Sold: | The average time it takes to sell a single-family home on the MLS in Virginia is 73 days. The specific time frame can vary depending on a number of factors, including the location, condition of the property, time of year, and overall market conditions. Here’s a breakdown of the average days on market for single-family homes in Virginia based on different regions: Northern Virginia: 50-60 days Richmond Metro Area: 60-70 days Hampton Roads: 70-80 days Roanoke Valley: 80-90 days Charlottesville Area: 90-100 days During peak seasons, such as spring and early summer, the time it takes to sell a single-family home in Virginia may be shorter. Conversely, during slower periods, such as winter, it may take longer. Additionally, the condition of the property can significantly impact the selling time. Homes that are in good condition and well-maintained tend to sell faster than those that require repairs or renovations. | We provide immediate cash offers and close quickly. |
| Number of Showings: | The average number of showings it takes to sell a home in Virginia is between 5 and 10 showings. However, this number can vary greatly depending on a number of factors, such as the location, condition of the property, time of year, and overall market conditions. Here are some factors that can affect the number of showings a home needs: Location: Homes in more desirable locations, such as those close to amenities or in high-demand neighborhoods, tend to have more showings. Condition of the property: Homes that are in good condition and well-maintained tend to have more showings. Time of year: Homes tend to have more showings during peak seasons, such as spring and early summer. Overall market conditions: In a buyer’s market, homes may need more showings to find a buyer, while in a seller’s market, homes may sell with fewer showings. | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | In Virginia, the responsibility for paying for repairs on properties being sold on the MLS typically falls on the seller. However, there may be cases where the buyer agrees to pay for certain repairs, or where the costs are shared between the buyer and seller. Here are some general guidelines for who pays for repairs on properties being sold on the MLS in Virginia: Sellers are typically responsible for repairs that are necessary to make the property habitable. This includes repairs to major structural components, such as the roof, foundation, and walls. Sellers may also be responsible for repairs to plumbing, electrical, and HVAC systems. Buyers are typically responsible for repairs that are considered cosmetic or aesthetic. This includes things like painting, wallpapering, and flooring. Buyers may also be responsible for repairs to minor structural issues, such as cracks in the drywall or holes in the walls. In some cases, the buyer and seller may agree to split the cost of repairs. This is often the case when the repairs are considered to be “as-is” or “where-is,” meaning that the seller is not obligated to make the repairs but is willing to do so if the buyer is willing to pay for half of the cost. The specific terms of who pays for repairs will be spelled out in the purchase agreement. The purchase agreement is a legally binding contract that outlines the terms of the sale, including who is responsible for what. | We pay for all repairs. |
A financing contingency is contingent upon the buyer’s ability to secure a mortgage loan. If the buyer cannot obtain financing for the agreed-upon purchase price, they may need to negotiate a lower price or seek alternative financing options. If a mutually agreeable solution cannot be found, the buyer has the right to cancel the contract.
Here at Onyx REI, we don’t use bank financing so you don’t have to worry about our ability to close on a deal.
Work The Numbers And See Which Way Helps You Get There…
When you really analyze the numbers, you begin to appreciate the distinct advantages that each method of selling your Virginia house provides. While Onyx REI won’t be able to match the full retail value of your home, we offer unique benefits that traditional house sales cannot match.
Escape the Hassles of Traditional Home Sales and Get Cash in Hand in As Little as 7 Days
Are you tired of the endless cycle of showings, inspections, and negotiations that come with selling your home the traditional way? Is the thought of paying months of holding costs, fixing up your property, and dealing with pesky closing fees making you dread the selling process?
At Onyx REI, we understand your frustrations and offer a quick, hassle-free alternative to traditional home sales. We’ll buy your house in as little as 7 days, putting cash in your hand without the headaches and uncertainties of traditional methods.
Say Goodbye to Stressful Showings and Repairs
Forget about preparing your home for endless showings and dealing with picky buyers. We’ll buy your house in any condition, no matter how dirty or in need of repairs. We even cover all closing costs, so you get the full amount of our offer without any hidden deductions.
Enjoy a Fast, Transparent Closing Process
With our streamlined process, you can close on your property in as little as 7 days, saving you months of waiting and uncertainty. We’ll handle all the paperwork and logistics, so you can relax and enjoy the peace of mind knowing your home sale is in expert hands.
Why Sell to Onyx REI?
- Fast and predictable closing: Get cash in your hand in as little as 7 days.
- No hassle and no contingencies: No need to worry about showings, inspections, or repairs.
- We buy your house as-is: We don’t care about the condition of your property.
- We cover all closing costs: You get the full amount of our offer.
- Transparent and upfront pricing: No hidden fees or surprises.
Don’t Delay – Get Your Free No-Obligation Offer Today
Fill out the short form below or give us a call at 757-260-9572 and let us make you a fair, no-obligation cash offer on your house. You have nothing to lose by getting an offer, but you could potentially lose thousands of dollars or months of your time by not exploring this opportunity.
Take the smart route and sell your house to Onyx REI. We’ll make the process easy, stress-free, and financially rewarding for you.
Fill out the Form For Your No-Obligation, “As-Is” Cash Offer!
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