Our Home Buying Process Explained In 3 Steps
Selling your home the traditional way can be a lengthy process, involving numerous steps, prolonged negotiations, and unexpected delays. At O’Neill Home Buyers, we’ve simplified everything into just three straightforward steps, allowing you to close on your property in as little as seven days.
Our approach eliminates the need for formal inspections or third-party approvals, making the entire process smooth and stress-free. With O’Neill Home Buyers, there are no open houses, no multiple showings, and no unnecessary delays. Sell your house on your timeline with a transparent and hassle-free solution you can trust, guaranteed.
Fill Out the Form
Share some information about the property and schedule a walkthrough.
Get a Cash Offer
Then, we’ll make a fair, no-obligation, cash offer for your house based on its current condition within 24 hours.
Close Quickly
We can close on your sale quickly on a schedule that works for you.
We Make The House Selling Process Easy
Selling your home can feel like a daunting task, both physically demanding and emotionally draining. At O’Neill Home Buyers, we know how overwhelming the process can be, which is why we’ve designed a simple and straightforward way to sell your house fast for cash.
Below, we outline exactly how our stress-free process works, so you can see just how easy it is to sell your home to a trusted cash home buyer in Virginia Beach and the surrounding areas.
Our Clients Have Had Great Experiences With Us!
Many people recommend us to be your local Virginia Beach cash home buyers. Here's what they're saying:
How You Get GREAT Cash Offers From Us
At O’Neill Home Buyers, we specialize in buying houses in Virginia with a focus on transparency, fairness, and providing the best solutions for motivated sellers. Whether you’re facing foreclosure, dealing with an inherited property, or simply need to sell your house fast, we’re here to help.
Our approach prioritizes you—the homeowner. By keeping our profit margins modest, we can consistently offer some of the most competitive cash offers in the market.
Here is how we calculate your cash offer:
How We Calculate Your Home Cash Offers
1
After Repair Value (ARV)
ARV, or After Repair Value, represents the market price of your home after it has been purchased, renovated, and resold. This value is determined by analyzing recent comparable sales of similar properties in your neighborhood, ensuring an accurate and fair assessment.
2
Selling Costs
These are the collective fees typically required to buy and resell a house, generally amounting to 10% of the ARV or sales price. Fortunately, when you work with O'Neill Home Buyers, you will not have to pay a single dollar in agent fees, closing taxes, title fees etc. At O'Neill Home Buyers, we cover these fees entirely, ensuring a seamless and cost-free selling experience for you.
3
Cost of Repairs (COR)
This is the estimated cost of repairs needed to to bring your home up to market value after we buy it. By selling your house to us, you save yourself the hassle of paying for expensive repairs, coordinating contractors in and out of your house and all the headaches home renovations can cause.
4
Return on Investment (ROI)
ROI represents the profit we take home at the end of the day. In this step, we deduct the selling costs, cost of repairs and other expenses involved in buying and renovating a house in Hampton Roads.
Our offers are based on the After Repaired Value (ARV) of your house, allowing us to provide the highest fair cash offer possible while maintaining a reasonable profit.
We calculate your cash offer by starting with the market value of your house after repairs. From this, we subtract all necessary repair costs and our transparent, minimal profit margin. This ensures a straightforward and honest process, giving you the best possible offer for your property.
[Your Offer] = [After Repair Value] - [Repairs Costs] - [Selling Costs] - [ROI]
How To Sell Your House Fast In Virginia: A Real Life Case Study
1
Walkthrough and Assessment
We begin the process by scheduling a walkthrough of your property. During this visit, we bring along our trusted contractor to evaluate the home and provide a precise estimate of the repair costs needed to renovate it.
For instance, take your kitchen in its current state: it may be functional but could benefit from updates to compete effectively with other homes on the market.
2
Determine Needed Updates and Repairs
Next, we’ll compare your home to similar houses in your neighborhood to determine its potential market value. For example, consider your neighbor’s house across the street:
- They renovated their 70’s kitchen with new cabinets and quartz countertops.
- Additionally, they invested in a new roof, updated siding, and modern flooring.
Here’s what their kitchen looks like now:
Thanks to these improvements, their home sold for $300K, showcasing the value of strategic updates.
3
How We Determine a Fair Cash Offer For Your House
After the walkthrough, we calculate the cost of essential repairs needed to bring your home to its after-repaired market value. For instance, if renovations are estimated at $70K, this figure is factored into determining your home’s post-renovation value.
Here’s what happens next:
- Due Diligence: We carefully review the contractor’s repair estimate and perform additional research to ensure the numbers are accurate.
- Transparent Offer: Within 24 hours, we’ll provide you with a fair and competitive cash offer based on your home’s current condition and its potential value after renovations.
This means you won’t need to spend a dime on repairs or worry about finding contractors—we handle everything for you.
Our contractor provides us with a detailed and accurate estimate for the Cost of Repairs (COR). The more precise these numbers, the higher your cash offer can potentially be.
We carefully review the contractor’s estimate and conduct our own due diligence to ensure every detail is accounted for. This allows us to present you with a fair, honest, and transparent cash offer within 24 hours.
For example, if our contractor estimates the repairs at $70K, we use this figure as part of our calculation to determine your home’s true value and offer you the best possible deal.
Now We Are Ready To Make You An Offer!
Here Are The Numbers:
As Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $70k
Our Selling Costs = 10% of $300k = $30k
Let's Say Our Profit For This Purchase = $45k
[Your Offer] = [ARV] - [COR] - [Our Selling Costs] - [Our Minimum Profit]
Your Offer = $300k - $70k - $30k - $45k
Your Offer = $155k
Analyzing Your Offer
Imagine your house is valued at $190,000 as-is. This means if you listed it with an agent, you might sell it for that price without making any repairs.
However, after deducting approximately 10% in agent fees and closing costs—about $19,000—your actual take-home amount would likely be closer to $171,000. Additionally, this process could take 30-60 days or more from the time your house hits the market, and there’s no guarantee it will sell at that price—or sell at all.
Here’s where you have two clear options:
- Option 1: Sell your house quickly for a guaranteed cash offer of $155,000 and close in as little as 10-30 days.
- Option 2: List it on the market, aim for $190,000, and hope to walk away with $171,000—assuming financing doesn’t fall through and there are no delays in closing.
But what if the cost of repairs (COR) came in much lower than expected? For example, instead of $70,000, let’s say it’s only $50,000. Suddenly, the equation becomes far more compelling.
Option 1: Our Offer
As Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $50k
Our Selling Costs = 10% of $300k = $30k
Let's Say Our Profit For This Purchase = $45k
Your Offer = $175k
Timeline: You pick the closing date, guaranteed closing.
Option 2: List With A Realtor
List Price = $190k
Closing Costs = $19k
COR (Cost Of Repairs) = $5k
Your Offer = $166k
Timeline: 3+ months on market, no guaranteed closing.
Our offer will net you $9k more in your pocket vs listing the property as is on the market with a real estate agent. Not to mention, our offer is guaranteed to close in as little as 7-10 business days vs on the market for 3+ months with no guarantee.
Do You Lose Money When Selling To O'Neill Home Buyers?
That’s the best part—you don’t! While it might seem like you’re losing money on paper, you’re actually saving on the significant expenses of a traditional sale, including closing costs, fees, and repairs.
At O’Neill Home Buyers, we value authenticity, honesty, integrity, and transparency. We buy houses across Virginia and its counties using a straightforward approach that removes the stress and hassle of selling your home the traditional way.
As local buyers, we make fair, true offers with no hidden fees. Unlike traditional sales that involve banks, inspectors, or financing contingencies, we buy homes as-is and work entirely on your timeline. No delays, no complications—just a simple and seamless 3-step process.
See How It Works
Learn our simple home buying process.
Get To Know Us
Get To Know Us So You Feel Comfortable Selling To Us!
Contact Us
Reach out to us today to get started on your all cash offer.
Simply put, it all boils down to this simple concept:
Your offer will be based on the market value of your house after repairs, minus all the costs required to bring the property to its fully renovated condition. Naturally, we also subtract our modest profit margin to ensure a fair and transparent offer.
Sell Your House To A Local Virginia Homebuyer Today!
Are you looking to sell your house? O'Neill Home Buyers is here to guide you through every step of the process. Our mission is to make selling your home simple, transparent, and completely stress-free.
Join the countless satisfied homeowners who have successfully sold their houses to us. Click the button below to get started today!
Get your free cash offer today
Buying houses for cash quickly is what we do best. We purchase homes across Virginia from homeowners like you, making the process fast and hassle-free.
No matter the condition, we’re committed to giving you our highest and most competitive offer right from the start, every time. Just fill out a form on our website to begin the process.
We buy houses all around Hampton Roads, and chances are we buy houses in your area too!
We buy houses in all over Hampton Roads: Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News, Suffolk, Richmond and more!