We Buy Houses

We Buy Houses By Norfolk Buyer - CALL (757) 239-6817

We buy houses in Norfolk, Hamptons Roads, Virginia Beach and the surrounding areas and provide win-win solutions to help homeowners get out of their sticky situations like Foreclosure, owning a burdensome property, probate, or anything else. At Norfolk Buyer, we focus on providing you with a solution to your situation so you can continue to do the things you love.

Norfolk Buyer is a real estate solutions company based out of Norfolk. We’re a family-owned business and focus on helping homeowners like you find solutions for your problem whether you’re going through a foreclosure, can’t sell your property, or just need to sell their house for all kinds of reasons.

Maybe you've noticed them. They are those signs that read, 'We Buy Houses', 'Sell House Fast' or even 'Cash for Houses' and a phone number. The signs are everywhere. You may have wondered why so many people are buying homes. After all, the housing market is supposed to be bad, isn't it?

Well, those "We Purchase Homes" people are real estate investors. We pay cash for houses as investments. We buy houses below market value, do necessary repairs and then either sell the house for a profit, or rent the house out. This provides a nice profit and/or passive income.

You may be wondering why people would want to sell their house below market value. Well, there are many situations that people find themselves in where they need to sell their house fast and some just sell this way for the convenience of it. Take for instance people that inherit a property that is far away from where they live. Many people in that situation don't know how or even want to deal with the property and a cash home buyer is an answer to their prayers. Some other reasons include: people facing foreclosure that don't want to lose all of their equity, tired landlords, divorcing couples, people in bankruptcy and people that have houses that just need so many repairs that normal home buyers are just too scared to buy.


As investors, we buy houses cash and accept the property 'As-Is'. The ability to pay cash enables investors to close on your schedule, within 3 days if necessary. You don't have to worry about having dozens of complete strangers walk through your house, possibly looking through your personal items. You don't have to pay any commissions. You won't have to wait months for a qualified buyer to come along, just to find out they want you to make a ton of repairs before they will close.

Are you wondering about all those "We Buy Houses" signs on the side of the road? Do you need to sell your house fast and want to know whether it's worth calling on one of the "We Buy Houses" signs?

Here are some important points to consider.

There are many companies all over the country that advertise "We Buy Houses" by placing signs on the side of the road. In Tennessee, for example, in larger cities like Nashville, you might see several of those signs placed at each large intersection. In smaller cities like Murfreesboro TN, you won't see as many of them, but sure enough, you'll see them at busy intersections.


We Buy Houses - (757) 239-6817

In the past, many people have been very skeptical about these companies. In the recent years, however, due to the tough real estate market, more and more people realize the value that "We Buy Houses" companies bring to the marketplace.

Real estate investment companies buy houses from people in all kinds of situations. Many times, these companies provide the only viable option for those people who need quick solutions to their real estate problems. There are many cases when traditional methods of selling a house (such as going through a real estate agent) are not possible.

  • Here are some benefits from selling to a "We Buy Houses" company:

  • They can pay all cash or create win-win terms for selling your house

  • They close quickly, often within days or weeks of first contact

  • They don't charge fees or commissions for their services.

  • They buy homes in as is condition, relieving you from the stress of remodeling

  • They can often catch up back payments and instantly stop foreclosure process

While selling you house to a "We Buy Houses" company is not a perfect solution for everyone, many struggling homeowners can get instant deft and stress relief, as well as, generating some quick cash by calling one of these companies. Most of the investors are happy to talk to the homeowners, show them what solutions they can offer and let the homeowners decide whether those solutions are going to work for them.


If you were to sell your house today, what would you do first? You'd probably go find a good estate agent to guide, advice, and help you find a buyer. That is pretty much the normal thing to do, but as the average time homes stay in the market keep getting longer, some people are turning to companies that buy houses.

They're called cash home buyers, and they can complete the purchase of a house even at short notice. If you are facing foreclosure, are months overdue with your mortgage payments, or have a mountain pile of debts, you'll need to raise quick cash, and the fastest way to do that is to sell your house, which presumably is one of your biggest assets, to companies that buy houses.

Without having to depend on banks or any other type of lenders for funding, they have cash on hand that they can draw upon to make a direct purchase of any given property. They can close a sale within a few days if necessary, so if for example, you're facing repossession, then it's one of the only options you actually really have to stop it.


Norfolk Buyer Guide KWs - (757) 239-6817

And besides, if you're buried too deep in debt, the only way to get out of it is to make one bold move. In this case, you may be losing your house, but what you should be thinking about is that you're taking back your life and starting fresh. But if you're really bent on staying on at your house, then you can find a cash home buyer that offers the option to sell and then rent back.

Even better, because there is no estate agent involved in the deal, the seller can save thousands of pounds he would have paid the agent in commission. Cash home buyers also buy houses regardless of the state they are in, so whether you have a house straight out of the set of The Stepford Wives or one that needs a makeover, they'll buy it.

The criticism against this type of sale is that sellers are not given the fair value of their home. But try selling to any buyer today and you're not likely to get any offers with an asking price that is based on what you think your house is worth or what agents say its worth. In a market saturated with sellers and with too few buyers, they have the power to dictate the price, and the only way to be able to sell is to drop your asking price. And once you've accepted that reality, it only makes sense to sell to someone who can complete the purchase quick (unless of course you can afford to wait until the market recovers).

There's no exact science to pricing a home, it is one of the easiest mistakes any home seller can make. You have to compare similar properties that are being sold and have been sold recently, make adjustments for differences, and educate yourself about market movements.


Of course, if you choose to sell through an estate agent, they are going to make their own valuations. It is easy to be swayed by one who suggests the highest list price. Who wouldn't want to be able to make the most out of a home sale? Certainly, in this age of economic uncertainty, anyone would not pass up on an opportunity to earn big. But that is just one of the biggest mistakes a seller can make because in the present reality, the only person whose opinion matters is the buyer who makes an offer.

There is no reason to be afraid to list your house at a low price, it could even work to your advantage. Doing that can afford you to get multiple offers, and that should drive up the price of your house a little bit, giving the negotiating power back to you as the seller. There is very little danger in pricing too low, especially in today's sluggish market; the danger is in overpricing and choosing an agent based solely on a high valuation.

It seems everywhere you turn these days "We Buy Houses" signs dot the landscape. As more and more people face the possibility of foreclosure, numerous companies are popping up offering to solve problems for distressed homeowners by purchasing their home.

We buy houses programs can offer benefits to struggling homeowners. However, they can also cause more harm than good. Whenever there is an opportunity to make mega-money, you can bet there will be scammers. With the current housing market crisis, plenty of opportunities exist.

If you need to sell your house quick, chances are you're already in panic-mode. In today's recessed housing market it is hard to find a qualified buyer. Additionally, those who are buying want a low-ball price on an over-valued home.

Once a house falls into foreclosure the notice of default becomes public record. Chances are you will be contacted by companies offering foreclosure protection. Some will offer to buy your house for cash.

Others will claim to be certified bank loss litigators who can help you negotiate your mortgage loan. Be aware that HUD (U.S. Department of Housing and Urban Development) is the only organization that has "certified" loss litigators. Anyone else claiming such a title is lying!

In order to protect yourself from scams it's usually best to avoid "We Buy Houses" programs offered through mail, phone and TV solicitations. Instead, seek out real estate professionals specializing in short sales, foreclosure and probate properties.

Financial experts suggest interviewing three or more real estate specialists prior to making a final decision. Other recommendations include contacting references and conducting research on the company or individual. Check with the Better Business Bureau and Real Estate Commission to validate credentials.


Keep in mind; private investors usually are not listed with these organizations. This does not mean they aren't qualified to buy your house for cash. Professional investors will have no problem providing you with references and resources to validate their credibility.

Once you strike a deal, be certain to get everything in writing. Thoroughly read and understand legal documents before signing your signature. Real estate contracts can be confusing. For peace of mind it's usually best to have a real estate attorney review the document first.

Last, but not least, trust your gut. If you are picking up bad vibes and your gut is screaming "Don't do it!", then you shouldn't do it. When it comes to saving your house from foreclosure by selling it for cash, you must be careful.

Many of the "I Buy Houses" signs you see posted on street corners and in front of homes belong to private real estate investors. In today's recessed economy, a large percentage of homeowners are struggling to attract buyers. When property owners need to sell their house quick they oftentimes turn to individuals or organizations that specialize in buying houses for cash.

Before calling the number on "I Buy Houses" signs, it is important to engage in due diligence and determine the source. Unfortunately, there are many scammers in the world and currently the real estate market is a prime target.

Thanks to the Internet it is relatively easy to locate information about anyone. Business owners are required to register in each state they wish to conduct business. In most states, the Department of Revenue oversees business registrations. Other states utilize the Secretary of State office.

The Attorney General's office handles consumer complaints; as does the Better Business Bureau. Realtors and brokers are licensed through the Real Estate Commission.

As an investor, people call me nearly every day, begging me to buy their house. The biggest problem I encounter is the fact that people wait too long before they take action. By the time they call me they are panic-stricken and desperate. It shouldn't be that way.

I'll give you the same advice I give to everyone else. If you are delinquent on your mortgage, you need to call your lender now. I realize you might believe your lender is the devil incarnate, but most banks will work with you if you don't ignore their requests. Once a house falls into foreclosure there is little room for negotiation.

If there is no hope of getting back on track, ask your lender to engage in a short sale. Lenders agree to accept less than is owed on the loan if the borrower can sell their home within a certain time frame. Short sales are relatively complex and require time and patience.


Short sale real estate is typically priced around ten percent under market value. In some areas, short sale properties are being sold up to 50-percent under market value. It's best to work with a real estate investor who possesses short sale experience and understands the process.

Selling your home to a private real estate investor is no different than selling to any other buyer. The exception is that investors are experienced and know what needs to be done and when to do it. Working with an experienced investor can simplify and expedite the process.

In closing, be certain to read and thoroughly understand any legal documents prior to signing them. It's always a good idea to have a real estate lawyer review the documents to ensure they are legally-binding and will stand up in a court of law if necessary.

You may have heard an advertisement on the radio, you may have seen an advertisement in your local classifieds newspaper or you may have seen signs posted on street corners. Whether you are aware of these home buying advertisements or not, I know for a fact they exist in your city.

If they have not caught your eye before they may now. Many of the local property buyers use similar language on their advertisements. Here are just a few you may see, we buy houses, we buy homes, I buy houses, we stop foreclosure, we will buy your house in 9 days, we buy houses any area any condition any situation, we buy houses in 24 hours.

So, just who are these professional property buyers? Typically property buyers are local real estate investors. They own small real estate investment companies that focus on buying houses from motivated sellers.


What serviced do local property buyers offer? Local property buyers offer to buy your house quickly so you can get on with your life. Everyone knows that life is not always easy and real estate is not always strait forward. Sometimes a large asset like a home can become a large liability. Local property buyers focus on buying homes from people who need to sell their house quickly.

Why do local property buyers exist? They exist because real estate is not always that easy to liquidate. In a slow real estate market like we are in today, selling a house can be a long drawn out process. Typically the longer the home selling process the more money it cost you to sell your home. Property buyers exist to solve your home selling need. They will give you a free offer for your house, and if you accept, you can move on with your life.

We all know that real estate is one of the best places to invest your money. No matter if your investing strategy is for capital gains or cash flow, real estate is the vehicle that can provide both. The nicest thing about investing in real estate is that a lender will give you money to buy property. Just ask your stockbroker how much she'll lend you to by $200K worth of stock!

Avoid some of the common mistakes that investors make. Unfortunately, every real estate investor out there has made investing mistakes in the past and some continue to make those same mistakes today. It's just a part of learning (that's life). The key is to minimize your mistakes, and more importantly learn from them. This short excerpt will illustrate three of the most common mistakes to avoid when buying houses.

The number one mistake to avoid is buying houses at the wrong price. Most people think of real estate as a speculation game. By this I mean they are buying at a certain price now because the market may be hot. These buyers are anticipating housing prices to appreciate rapidly. Although this method does work, it is very short sighted. This strategy is all about timing, and if you're late then you're in trouble. We've all witnessed markets that went up fast eventually came down almost as fast. The bottom line is that your profits are NOT made when the house is sold; however, profits ARE made on the front end (when you buy it right).


The number two mistake to avoid is NOT having a buyers list. This is not just a beginner mistake. Even those that have been buying houses for some time have made the mistake of not having a buyers list. Some of you may be asking, "What is a buyers list?" The answer is as simple as it sounds. A buyers list is a predetermined network of people that are willing to buy property from you. These buyers may be wholesale buyers or retail buyers. Wholesale buyers are those that want to buy houses in "as-is" condition. They do not care to do any work that is needed to be done to the property. Their goal is often times to sell the house to a retail buyer. It is this retail buyer that is the ultimate end buyer of the property. They buy houses in "move-in-ready" condition. As you may already know, the majority of properties on the MLS are for retail buyers.

The number three mistake to avoid is NOT having an exit strategy prior to purchasing a house. An exit strategy is a predetermined selling strategy that the investor uses before purchasing a property. For instance, a landlord has predetermined that before buying a 4-unit house she will sell it in 30 years. In this example, the exit strategy is to sell the house in the future after the tenants have paid for it. Another example of a predetermined exit strategy is for an investor to buy a single family house at a discounted price. Since the property is purchased at a discount, it can then be wholesaled to another investor who wants to rehab it for more profit. In this example, the original buyer bought it right (avoided the #1 mistake). The exit strategy is to wholesale the house to another investor (avoided the #2 mistake by using her buyers list).

By avoiding these common mistakes, your chances of success are significantly higher. Does this guarantee that you will not make other mistakes? Of course not, but avoiding these three mistakes can save you a tremendous amount of time and money.


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