Sell your Virginia land for cash

Yes, Virginia's state recordation tax is 25 cents per $100 of the price or the assessed value, whichever is greater. A county or city can add a local recordation tax equal to one-third of the state tax. A separate grantor tax is 50 cents per $500, not counting any lien that stays on the land. In the nine localities of the Northern Virginia Transportation Authority, such as Fairfax and Loudoun counties, two regional fees add 10 cents per $100 each. Localities in the Hampton Roads Transportation District add a regional fee of 6 cents per $100. Ask the circuit court clerk or your title company for the total in your locality. Source: Va. Code 58.1-801, 58.1-802, 58.1-802.3, 58.1-802.4, 58.1-802.5 and 58.1-814.

Penalties and interest start, and the county or city can ask a court to sell the land. Localities can add a penalty of up to 10%, interest generally up to 10% a year, and attorney or collection fees of up to 20%. A judicial sale is allowed once taxes are still unpaid on December 31 after the second anniversary of their due date. For land assessed at $100,000 or less, the court can allow a sale one year sooner. At least 30 days before suing, the treasurer must send a notice saying you can ask for a payment plan of up to 72 months. Source: Va. Code 58.1-3916 and 58.1-3965.

No, your right to redeem ends on the sale date. Before then, you can redeem by paying all taxes, penalties, interest, costs and a reasonable attorney fee. A partial payment does not stop the sale. Some low-value parcels can be auctioned by the treasurer without a court case, or deeded by court order to the locality or its land bank. The former owner or heirs can claim any surplus over what is owed within two years of the sale or its confirmation. Your county or city treasurer can tell you which process applies to your parcel. Source: Va. Code 58.1-3974, 58.1-3965(B), 58.1-3967, 58.1-3970.1 and 58.1-3975.

Not the state's residential disclosure statement. Virginia's Residential Property Disclosure Act applies only to residential property with one to four dwelling units, so vacant land with no dwelling falls outside it. A lot in a property owners' association is different. The contract must say so, and the seller must get the association's resale certificate for the buyer. The buyer can usually cancel within three days of receiving it, or any time before settlement if it never arrives. Ask a Virginia real estate attorney what your sale needs. Source: Va. Code 55.1-701, 55.1-2307, 55.1-2308 and 55.1-2312.

Not a sale of the whole tract by itself. Roll-back taxes apply when land taxed at its use value changes to a nonqualifying use, or the owner asks for a more intensive zoning. A new owner who keeps the qualifying use and does not rezone does not trigger them. Selling off part of a tract can trigger roll-back on that part unless each new parcel meets the minimum acreage and stays in qualifying use. Without a local sliding scale ordinance, the roll-back tax is the deferred tax for the five most recent complete tax years, plus simple interest. Ask your commissioner of the revenue how a sale affects your parcel. Source: Va. Code 58.1-3237 and 58.1-3241.

Yes. Liberty Acres buys land anywhere in the US, so you do not need to live in Virginia to sell to us. We close through a title company and pay back taxes and all closing costs. There are no agents and no commissions.

Usually, yes. A nonresident seller must register with Virginia Tax. The real estate reporting person for the closing must collect your registration form and send it to Virginia Tax. If you do not complete the form at closing, that person files one for you. If the sale is exempt from federal and state income tax, you give an exemption form instead. Ask a tax professional whether you owe Virginia income tax on the sale. Source: Virginia Tax, Registration of Nonresident Property Owners (Va. Code 58.1-317).