How does the Virginia grantor's tax work?

Virginia charges a state grantor's tax of $0.50 per $500 of value (approximately 0.10% of sale price) under VA Code § 58.1-802 -- the seller pays. The state recordation tax of $0.25 per $100 (0.25%) is paid by the buyer/grantee under § 58.1-801. Individual cities and counties may levy an additional local recordation fee under § 58.1-814 -- verify the current local rate with your settlement agent before closing. When you sell to USA Home Buyers, we cover all closing costs.

Is Virginia a judicial or non-judicial foreclosure state?

Virginia primarily uses non-judicial foreclosure via deed of trust under VA Code § 55.1-321. The trustee can sell without court involvement, typically within 45-60 days of acceleration. Virginia has no post-sale right of redemption -- once the foreclosure sale is complete, it is final. Judicial foreclosure exists but is rarely used. Selling before the trustee sale preserves equity. Consult a Virginia-licensed real estate attorney for your specific situation.

How does probate work in Virginia?

Virginia uses Circuit Court for probate -- there is no separate Probate Court. Each jurisdiction's Circuit Court handles estate administration. Virginia small estate affidavit is available for estates under $50,000 (VA Code § 64.2-601). Richmond is an independent city -- its probate is handled by the Richmond City Circuit Court Clerk (400 N. 9th St., Richmond VA 23219), not a county court.

Does Virginia require an attorney at real estate closings?

Virginia does not require an attorney at real estate closings. Title companies are authorized as settlement agents under the Virginia Consumer Real Estate Settlement Protection Act (CRESPA), VA Code § 55.1-1000 et seq. Sellers may retain their own attorney at their option. For complex transactions, consulting a Virginia-licensed attorney is advisable.

Does Virginia require a seller disclosure?

Virginia requires a Residential Property Disclosure Statement under VA Code § 55.1-703 for most residential sales. However, sellers may elect to sell 'as-is' by completing a Disclosure Waiver. Cash buyers who purchase as-is typically receive the disclosure statement but waive inspection contingencies.

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Virginia Markets We Serve

Richmond, VA

Richmond City (independent city -- no county layer). Historic row houses, The Fan, Church Hill, Scott's Addition. Median sale price $414,500 (Redfin, Mar 2026). Compete Score 82. Non-judicial foreclosure.

→ State grantor's tax $0.50/$500 (seller pays)
→ DOM: 24 days median
→ Circuit Court Clerk handles probate (independent city)

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Selling a House in Virginia -- What You Need to Know

Grantor's Tax (Transfer Tax)

Virginia charges a state grantor's tax of $0.50 per $500 of value (~0.10%) under VA Code § 58.1-802 -- the seller pays. State recordation tax of $0.25/$100 is paid by the buyer. Individual cities and counties may add a local recordation fee under § 58.1-814 -- verify the current local rate with your settlement agent.

Non-Judicial Foreclosure (Fast Process)

Virginia primarily uses non-judicial foreclosure via deed of trust under VA Code § 55.1-321. The trustee can sell without court involvement -- typical timeline 45-60 days from acceleration. No post-sale right of redemption. Selling before the trustee sale preserves equity.

Probate (Circuit Court)

Virginia uses Circuit Court for probate -- not a separate Probate Court. Virginia small estate affidavit available for estates under $50,000 (VA Code § 64.2-601). Independent cities (Richmond, Alexandria, etc.) have their own Circuit Courts separate from surrounding county courts.

Settlement Agents and Closings

Virginia does not require an attorney at real estate closings -- title companies are authorized settlement agents under CRESPA (VA Code § 55.1-1000 et seq.). Sellers may retain their own attorney at their option. For complex transactions, consulting a Virginia-licensed real estate attorney is advisable.

Virginia Real Estate -- Key Facts for Sellers

State grantor's tax	$0.50 per $500 of value (~0.10%) -- seller pays (VA Code § 58.1-802)
State recordation tax	$0.25/$100 -- buyer/grantee pays (VA Code § 58.1-801)
Local recordation fee	Varies by city/county under § 58.1-814 -- verify with settlement agent
Foreclosure type	Non-judicial (deed of trust) primary -- VA Code § 55.1-321; ~45-60 days
Post-sale redemption	None in Virginia -- foreclosure sale is final
Probate system	Circuit Court (each jurisdiction) -- NOT a separate Probate Court
Small estate affidavit	Available for estates under $50,000 (VA Code § 64.2-601)
Attorney required at closing	No -- CRESPA authorizes title companies (VA Code § 55.1-1000)
Seller disclosure	Required (VA Code § 55.1-703) or as-is waiver available
No state inheritance tax	Virginia repealed estate/inheritance tax in 2007

Virginia Real Estate FAQs for Sellers

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