FSBO in Coastal Virginia
Virginia Beach has a median home price of $340,000–$440,000. The military presence (Naval Station Norfolk is nearby), coastal lifestyle, and strong job market create steady demand. Virginia does not require an attorney for closings (though often used), and the FSBO process is manageable.
Step 1: Price Using Virginia Beach Data
The Virginia Beach Real Estate Assessor has public sale data. Use Zillow and Redfin for market timing. Oceanfront and North End command significant premiums; the Southside and Chesapeake areas are more affordable. Military relocation buyers are common — price with VA loan appraisal values in mind.
Step 2: Virginia Disclosure Requirements
Virginia Code §55.1-703 requires sellers to complete a Residential Property Disclosure Statement. The standard form covers known defects but Virginia uses a more limited disclosure approach compared to some states.
Also: lead paint for pre-1978 homes.
Step 3: Flat Fee MLS on REIN
Virginia Beach/Hampton Roads listings go through REIN (Real Estate Information Network). Use a flat fee service that covers REIN. Budget $300–$425.
Step 4: Title Company and Grantor Tax
Virginia uses title companies. Virginia grantor tax: 0.25% of sale price. On a $390,000 sale: $975.
What FSBO Saves You in Virginia Beach
On a $390,000 home at 5%: