Portsmouth · Navy veteran-owned
An older house with original wiring, orders away from the shipyard, a parent’s place in Cradock sitting empty, or a tax bill that keeps climbing. Angel prices repairs like the contractor he has been and sends a fair, no-obligation cash offer, fast.
Your situation
You have a Portsmouth house and a reason it needs to go. Maybe the furnace is older than you are, the porch is pulling away from the siding, and every repair quote comes in higher than the last.
Maybe you got orders while your family was still settling in near the shipyard. Or the house belonged to your grandmother in Park View, and you now pay the tax, the water bill and the lawn service on a place nobody lives in.
You do not have to fix the porch or clear out her closets before you call. Start by finding out what the house is worth to us today, exactly as it stands.
Your options
Here is how each route really plays out in Portsmouth, including the routes where you should not call us.
Portsmouth’s median detached sale price was $291,450 in September 2026, down 1.2% from a year earlier (excludes waterfront and new construction).
Source: Hampton Roads Real Estate Ramblings, citing REIN MLS (Oct 8, 2026) (opens in a new tab)
Why us
The man behind Remodeling Investment Group is Angel Gomero. U.S. Navy service, work as a contractor and a lot of closings as a real estate investor all shape how he looks at a Portsmouth house. Hampton Roads is home, for him and for the company.
With the shipyard and the naval hospital in town, orders and duty changes are part of life here. Angel has lived on a Navy schedule, and he builds the sale around your dates rather than his.
Older Portsmouth houses hide things: plaster over lath, cast-iron drains, wiring from another era. Angel has the background to price that work like a builder would, without inflating it to drive your number down.
Portsmouth is home to Norfolk Naval Shipyard, Naval Medical Center Portsmouth and Naval Support Activity Portsmouth. Many owners here are military families or shipyard workers, and orders or a new job can move them on short notice.
Leaving town leaves you three choices: keep the house as a rental, try to sell it long-distance through a listing, or sell it before the movers show up. With us, the closing lands on a date that works with your report date, and nobody tours the house while you pack.
A NAVSEA shipyard that repairs and modernizes Navy ships. The name says Norfolk, but the yard is in Portsmouth.
The Navy’s military hospital on the Elizabeth River, right beside the Park View neighborhood.
Source: TRICARE: Naval Medical Center Portsmouth (opens in a new tab)
An installation under Navy Region Mid-Atlantic, located in the city.
Source: Navy Region Mid-Atlantic: Naval Support Activity Portsmouth (opens in a new tab)
Flood risk
Portsmouth sits on the Elizabeth River. If a storm has left your crawl space soaked, your floors buckled or mold behind the drywall, you already know that drying out and rebuilding is slow and expensive.
You do not have to finish that work before you sell. We buy water-damaged houses in Portsmouth as they are, wet drywall and all.
Be ready for two Virginia disclosure rules. One is a buyer-beware notice about flood zones. The other is a firm duty if you know the house has a repeat flood-claim history.
Older housing
Ask the Census Bureau when the typical Portsmouth house was built and the answer is 1967. Put plainly, half the houses in the city went up in 1967 or earlier, and a house that age has usually outlived its original systems.
A financed buyer’s inspector is likely to flag things like galvanized supply lines, two-prong outlets or a patched roof. We expect those things going in, so you skip the repair negotiation altogether.
Tax bills
Portsmouth assessments rose 6.0% heading into FY2027, and the proposed budget held the rate at $1.24 instead of lowering it. The city’s own notice calls that a tax increase.
For an inherited or vacant house, that higher bill lands on top of insurance and utilities, with no rent coming in. If the bills have started to slip, selling before they stack up keeps your options open.
Rentals
If your Portsmouth house has been a rental for years and you are tired of managing it, you do not have to wait for a lease to end or a unit to sit empty.
A tenant in the house does not stop us from making an offer. You give the notice Virginia requires and credit the deposit at closing. After that, rent collection and repairs are no longer yours.
Local costs
In Portsmouth the tax bill keeps coming for as long as you own the house, and at closing Virginia charges its grantor tax to the seller by default. Here is what both look like.
Real estate tax, FY2026
$1.24 per $100 of assessed value
This is the FY2026 rate the city cites in its FY2027 budget notice. The proposed budget kept it, even after assessments rose 6.0%.
Holding cost example: at that rate, a house assessed at $246,900 owes about $3,062 a year in real estate tax, roughly $255 a month.
State grantor tax
$0.50 per $500 of value
By default this one is the seller’s to pay; a buyer can agree to cover some or all of it. Ask who pays it with every Portsmouth offer you get, ours included.
| Example sale price | $246,900 |
|---|---|
| $500 units | 494 |
| Grantor tax at $0.50 each | $247.00 |
Example price: the Census median value of an owner-occupied Portsmouth home. Source: U.S. Census Bureau, ACS 2020–2024 5-year, Portsmouth city (via Census Reporter) (opens in a new tab). Law: Va. Code § 58.1-802(A) (opens in a new tab)
Selling to us
Recording the deed carries a separate state tax: 25 cents per $100, figured on the sale price or the latest assessment, whichever is greater. The Code section does not assign it to buyer or seller.
Your yearly bill is your assessed value times the rate, and the City Assessor’s office is where Portsmouth assessments come from.
Source: City of Portsmouth: City Assessor (opens in a new tab)
Examples are illustrations from public figures, not a quote or tax advice.
Where we buy
We buy across every part of Portsmouth, from the historic blocks by the river to the newer streets out west. A few of the areas we hear from most often:
Historic blocks beside the downtown Elizabeth River waterfront, in a city whose median home dates to 1967.
An older waterfront neighborhood north of downtown. Dated kitchens and baths are no problem for us.
The streets beside Naval Medical Center Portsmouth. If the hospital is sending you elsewhere, we work around the move.
Source: TRICARE: Naval Medical Center Portsmouth (opens in a new tab)
One of Portsmouth’s older planned neighborhoods. Original floors and tired wiring are expected, and we buy the house with them.
Another of the city’s older planned neighborhoods. A family house here that needs everything can be sold without fixing a thing.
Suburban streets on the western side of the city. Built before or after the city’s 1967 median year, your house is one we buy as it is.
A residential part of Portsmouth. Original kitchen, original windows: leave them, and we price the house that way.
Another Portsmouth residential area. If the roof, furnace or bathroom is due, sell before you pay for it.
Your part of Portsmouth is not listed? We buy from one end of the city to the other. Get my cash offer
Your situation
Whatever the reason, you can leave the house exactly as it is.
How it works
You can stop at any point. Asking for an offer costs nothing and commits you to nothing.
Share the address and a few details online. It takes a few minutes, and there is no obligation.
We look at the house as it is and give you a fair, no-obligation cash offer, fast.
If you accept, you pick the closing date. We close on that date, once title is clear.
Sellers
Smooth transaction with true professionals.
As an investor looking to reallocate capital, I needed a fast exit on a fix-and-flip project that fell behind schedule. Remodeling Investment Group made a straightforward cash offer and closed in 10 days. Looking forward to doing business with them again.
Saved me from a huge headache!
I inherited a property that needed a massive amount of work—roof leaks, outdated plumbing, you name it. I didn’t have the time or funds to fix it up before putting it on the market. Remodeling Investment Group came through with a fair cash offer within 24 hours. The process was smooth, transparent, and we closed in under two weeks. Couldn't recommend them enough!
Seamless experience from start to finish.
I had to relocate for a new job on short notice and needed to sell my home fast without dealing with endless open houses or repair demands from retail buyers. Remodeling Investment Group made a direct cash offer, handled all the paperwork, and let me pick my closing date. Truly stress-free!
Questions
All of them, and anywhere else inside city limits, in any condition. Olde Towne, Port Norfolk, Westhaven and Simonsdale too. Send the street address and Angel takes it from there.
Yes. Old wiring, a failing roof, a wet basement or a dated everything is exactly what we price for. You do not fix, clean or empty anything first.
You can usually get started now, but the first year after a death has a catch. Under Va. Code § 64.2-534, an heir’s sale inside that year generally does not hold up against the estate’s creditors unless certain conditions are met, so let an attorney or the title company confirm the steps. Meanwhile the empty house still owes Portsmouth real estate tax (the FY2026 rate is $1.24 per $100 of assessed value), which is why it pays to know your options early.
The FY2026 rate is $1.24 per $100 of assessed value, according to the city’s FY2027 budget notice. The proposed FY2027 budget kept that rate while assessments rose 6.0%.
Nothing goes to an agent, because there is no commission, and standard closing costs are on us. The state grantor tax falls on the seller by default, though a buyer can agree to take on part or all of it (Va. Code § 58.1-802), so ask us about it with the offer. Your settlement statement lists every charge, and we walk through it with you before you sign.
It can be the better move. If the house is updated and you can wait out a normal listing, the open market will often pay more. If it needs work or you are on a deadline, set our offer beside what a listing would leave you after repairs, commissions and the months of taxes and utilities while it sits.
Free · No obligation · As-is
Send the address and a few details. You get a fair, no-obligation cash offer, fast, and you decide what happens next.
Rather talk it through? Call (757) 386-0307 or send a text.