6 Best Companies That Buy Houses for Cash in Memphis

From the downtown historic district to the quieter suburbs of the Memphis housing market keeps changing. But one thing stays constant: houses for cash buyers remain a quick route to sell. In 2024, roughly 29–30% of U.S. home sales were all‑cash — Spencer sees similar activity. Some cash buyers will offer near market value, while others make much lower bids.

Finding a fair cash offer is like landing the right chord in a local jam—some offers sing, others miss the mark. The smartest move? List on cash-buyer marketplaces so your home is visible to both local investors and national iBuyers at once.

Get fast cash offers near you in Memphis
Enter your address
Compare Cash Offers
Powered by Clever Offers, this tool helps you find fast cash offers from home buyers.

Key Takeaways

Top cash buyer options serving Spencer include Spencer Buys Houses, Houzeo, New Horizon Home Buyers, ASAP Cash Home Buyers, Express Homebuyers, and Opendoor.
Clever Offers ranks highest for speed and choice, letting you gather multiple offers in about a week.
Houzeo exposes your home to many cash buyers via the MLS, which can increase competitive offers.
Companies like New Horizon and ASAP prioritize speed; expect lower, often nonnegotiable, offers.
iBuyers such as Opendoor are convenient but have stricter eligibility rules.
To avoid scams, verify buyer credentials, read reviews, and confirm contract terms before accepting any offer.

Reviews: 6 Best “We Buy Houses for Cash” Companies in Memphis

1. Spencer Buys Houses 4.9/5 — Local reviews QUICK, LOCAL CASH OFFERS

Cash Offer Terms: Varies based on property condition and program.

Highlights:

Local focus: Spencer Buys Houses purchases properties throughout Spencer and nearby neighborhoods, specializing in as-is sales.
Fast timeline: They typically provide an initial offer quickly and can close in days to weeks, depending on the seller’s needs.
Clear process: Emphasis on straightforward communication, transparent offers, and handling paperwork to simplify closing.
Flexible solutions: Options for inherited homes, foreclosure avoidance, vacant or tenant-occupied properties, and houses needing repairs.

Our Take: Spencer Buys Houses is a strong local choice if you need speed, minimal hassle, and a buyer who understands Spencer’s neighborhoods and market nuances.

2. Houzeo 4.9/5 — 11,050+ reviews MAX EXPOSURE TO CASH BUYERS

Cash Offer Terms: Typical plan $149 + 1% at closing.

Highlights

Full MLS exposure for up to six months, putting your home in front of numerous local and national cash buyers.
Tools for managing listings, unlimited updates, and professional-grade photos.
Good option to encourage multiple competitive offers.

Our Take: Houzeo works well if your goal is maximum exposure to spark competitive cash offers and potentially increase the sale price.

3. New Horizon Home Buyers 4.9/5 — 35+ reviews POPULAR CASH HOME BUYER

Cash Offer Terms: Often 50%–70% of fair market value.

Highlights

Focus on distressed or difficult-to-sell properties.
Closes quickly—often within 7–30 days.
No listing fees; buys properties as-is.

Our Take: Use New Horizon when speed and convenience outweigh maximizing sale proceeds.

4. ASAP Cash Home Buyers 4.8/5 — 35+ reviews NATIONWIDE COVERAGE

Cash Offer Terms: Generally, 50%–70% of market value.

Highlights

Quick, simple offers for a broad range of properties.
Flexible closing timelines to suit seller needs.
No repair or staging requirements.

Our Take: ASAP is practical for sellers needing a quick, no-fuss transaction and willing to accept a discounted price.

5. Express Homebuyers 4.4/5 — 165+ reviews CASH HOME BUYER NETWORK

Cash Offer Terms: Typically 50%–70% of fair market value.

Highlights

Buys inherited, distressed, or problem properties quickly.
Flexible closings, usually within 2–4 weeks.
No service fees charged to sellers.

Our Take: Express Homebuyers serves sellers of heavily distressed homes who prioritize speed over full market returns.

6. Opendoor 4.4/5 — 3,405+ reviews SEASONED IBUYER

Cash Offer Terms: Typically 70%–80% of fair market value.

Highlights

Fast initial offers—often within 24–48 hours.
Flexible closing dates and convenience-focused services.
Best for move-in-ready, owner-occupied homes that meet eligibility requirements.

Our Take: Opendoor is a good fit when your home needs minimal repairs and you value speed and convenience.

Are Companies That Buy Houses for Cash in Memphis Legit?

Yes. Many established cash buyers operate ethically and offer a faster path to close. Industry groups and local references can help confirm legitimacy. Still, scams exist—always verify company credentials, read independent reviews, and review contracts and wiring instructions carefully.

3 Types of Companies That Buy Homes in Spencer

Local investor buyers: Purchase as-is, often paying 30%–70% of market value depending on repairs and market conditions.
iBuyers: Tech-driven firms offering near-instant offers for qualifying homes (70%–80% of value, minus fees).
Trade-in/home-swap services: Buy your home so you can time your next purchase without contingent offers.

How to Sell Your Home for Cash in Memphis

Submit home details online or by phone with photos and basic info.
Receive a preliminary offer based on comps and condition.
Schedule an inspection or walkthrough to finalize the offer.
Close quickly—cash deals can be completed in days to a few weeks once both parties agree.

How to Sell Your House Fast for Cash in Memphis

List on cash-buyer marketplaces to attract investor interest.
Provide accurate photos and clear descriptions to speed valuation.
Be flexible on closing dates to increase buyer options.

How Much Do Cash Buyers in Spencer Pay? Cash offers typically range from 30% to 70% of market value, depending on condition and buyer. For example, on a $392,300 home, a typical investor offer might be around $274,610. Competition via marketplaces or local buyers can push offers higher.

Pros and Cons of Cash Home Buyers in Spencer: Pros

Quick offers (often 24–48 hours).
Fast, flexible closings (7–30 days common).
Sell as-is—no repair costs or staging required.

Cons

Offers can be significantly below market value.
Little room for negotiation with many investor buyers.
Some buyers may ask sellers to cover closing costs—verify terms.

Common “We Buy Houses for Cash” Scams

Bait-and-switch: Offers are reduced after initial acceptance.
Deed fraud: Unauthorized transfers using forged documents.
Pressure tactics: High-pressure sales to force poor decisions.
Phishing: Fraudulent emails or calls requesting wiring or personal data.

Always verify buyers, confirm wiring instructions via phone with your title company, and read contracts carefully.

Alternatives to Companies That Buy Houses for Cash in Spencer

Flat Fee MLS: List on MLS for a set fee to access more buyers and full market exposure.
For Sale By Owner (FSBO): Save commission but handle marketing and paperwork yourself.
Full-Service Realtors: Maximize exposure and sale price for a commission (typically 5%–6%).
Discount Brokers: Provide limited services at lower commission rates (0.5%–2.5%).

5 Tips to Sell Your Home Fast in Memphis

Price it right: Use a CMA or online estimator to set a competitive price.
List on a cash-buyer marketplace: Attract investor offers quickly.
Make small repairs: Minor fixes and fresh paint can improve offers.
Respond promptly: Quick replies keep buyer interest high.
Use virtual tours: High-quality photos and walkthroughs help remote buyers decide.

Should You Sell to Cash Home Buyers in Memphis?

Selling to a cash buyer makes sense if speed and convenience are your priorities, especially for as-is or distressed properties. Expect to trade some equity (commonly 30%–70% of market value) for the quicker, simpler sale. If maximizing proceeds is essential, pursue MLS listing options or work with an agent.

Get fast cash offers near you in Memphis. Enter your address. Compare Cash Offers Powered by Spencer Buys Houses, this tool helps you find fast cash offers from home buyers.