Your Real Estate FAQs
Find expert guidance on buying, selling, and navigating Virginia’s real estate market.
Buyer FAQ – Frequently Asked Questions for Homebuyers in Virginia
How do I start the home buying process in Virginia?
Begin by getting pre-approved with a trusted local lender. If you don’t know where to start with a lender, we have some great recommendations we can share with you! This gives you a clear price range and strengthens your offer when you find a home in Martinsville, Henry County, or surrounding Virginia areas. Next, partner with an experienced REALTOR® who knows the local market and can guide you through each step.
What does a buyer’s agent do for me?
A buyer’s agent protects your interests. First and foremost, we educate you on the real estate process. We negotiate on your behalf, help you analyze property values, schedule showings, review and explain contracts, guide you through inspections, and ensure you get the best deal possible in the Virginia real estate market.
How much money do I need for a down payment?
Down payments vary depending on your loan type. Many Virginia buyers put down between 3–5% for conventional loans, while VA loans and USDA loans offer 0% down for qualified buyers. FHA Loans typically require a minimum 3.5% down payment. Your lender will help you choose the best loan program for your situation and explain all the details.
How long does it take to buy a home in Virginia?
Once under contract, most closings in Virginia take 30–45 days. This timeline includes inspections, appraisal, and final underwriting.
What costs should I expect as a homebuyer?
Expect earnest money, inspection fees, appraisal fees, and closing costs (typically 2–4% of the purchase price). Many first-time buyers may qualify for grants or seller-paid closing costs.
Do I need a home inspection?
While not required, a home inspection can reveal hidden issues and help you make an informed decision. Even in competitive markets, a professional home inspection gives you peace of mind. If needed, other inspections are available, including well, septic, and termite inspections. Specialist inspections may also be recommended to ensure you’re buying the right home.
Can I buy a home while selling mine?
Yes. Many Virginia homeowners buy and sell at the same time. We help coordinate timelines, negotiate possession dates, and explore options like rent-backs or bridge loans.
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Seller FAQ – Frequently Asked Questions for Home Sellers in Virginia
What is my home worth in the current Virginia market?
Your home’s value depends on location, condition, updates, acreage, and recent comparable sales in places like Martinsville, Henry County, Patrick County, and surrounding areas. We provide free comparative market analyses (CMAs) with accurate, local data.
How do you market my home to get the highest price?
We use professional photography, drone video, social media marketing, extensive online marketing, also using all third party sites through our local MLS (Zillow, Realtor, Redifin, Homes.com, and more) plus our Havenmore buyer network to maximize visibility and buyer interest.
How quickly can my house sell?
Homes priced correctly in Martinsville and Henry County often receive strong activity within the first 3-5 days on market. Average days-on-market varies, but presentation, marketing, and pricing strategy are key. Market activity is most always based on location, condition, and price.
Should I make repairs before listing?
We offer guidance on repairs that deliver the best return on investment. Sometimes small updates—fresh paint, landscaping, decluttering—can make a large difference in your sale price.
What closing costs do sellers pay in Virginia?
Most sellers pay a portion of title fees, prorated taxes, and brokerage compensation. There may also be HOA fees, repairs negotiated after inspection, or buyer incentives depending on the deal.
Do I need to be present for showings?
No. It’s actually better if sellers step out during showings. Buyers feel more comfortable exploring the home, which leads to stronger offers.
What happens after I accept an offer?
Once you accept an offer, CONGRATULATIONS, you’re going UNDER CONTRACT! The buyer will make their earnest money deposit, then schedule inspections and their lender will order an appraisal. We handle negotiations, paperwork, and communication through each step of the process, all the way to the closing table so the process is smooth and stress-free.
Have a question that is not on here?
We’re happy to help.