FSBO in RVA
Richmond has emerged as one of the South's most dynamic housing markets, driven by tech job growth, Virginia Commonwealth University, and strong livability metrics. Median prices of $320,000–$420,000. Virginia allows title company closings — no attorney required.
Step 1: Price Using Henrico/Chesterfield Data
The Richmond metro spans multiple jurisdictions (Richmond City, Henrico, Chesterfield, Hanover). Each has public property records. Use Zillow and Redfin for comps. The Fan District, Scott's Addition, and Church Hill are premium urban areas; Chesterfield and Hanover County suburbs offer more affordable options.
Step 2: Virginia Disclosure Requirements
Virginia Code §55.1-703 requires a Residential Property Disclosure Statement. While Virginia's required form is limited, disclosing known material defects separately (via a supplemental disclosure) is strongly recommended.
Lead paint required for pre-1978 homes.
Step 3: Flat Fee MLS on CVR MLS
Richmond uses CVR MLS (Central Virginia Realtors MLS). Use a flat fee service that covers CVR. Budget $300–$425.
Step 4: Title Company and Grantor Tax
Virginia grantor tax: 0.25% of sale price. On a $370,000 sale: $925.
What FSBO Saves You in Richmond
On a $370,000 home at 5%: