Hey y’all, it’s Spencer from Spencer Buys Houses.
When you decide to sell your home, it’s usually because you’re ready to move on to the next chapter. Maybe you need to downsize, maybe you're relocating, or maybe you want the cash. Whatever the reason, the last thing you need is a buyer who drags their feet, plays games, and wastes your time.
Unfortunately, the real estate market is full of people who talk a big game but can’t actually cross the finish line. I see it happen all the time to good folks here in Memphis.
I want to make sure you don't get caught in the runaround. Here are the major warning signs that mean your "buyer" is about to leave you hanging.
1. They Won’t Put Down Earnest Money
Earnest money is basically a good faith deposit. It shows that a buyer is serious and has skin in the game. If a buyer hesitates or straight up refuses to put down earnest money, run. It usually means they want to tie up your property while they try to figure out if they can actually afford it.
2. They Can’t (or Won't) Show Proof of Funds
If someone says they are a "cash buyer," the very first thing they should be able to produce is a bank statement or a letter showing they actually have that cash sitting in an account. If they make excuses, stall, or refuse to show you the proof, it's a massive red flag. Real cash buyers don't hide their funds; they use them.
3. They Constantly Ask for Extensions
Are they asking to push the closing date back 30 days? And then asking for another week after that? If a buyer keeps trying to shift the goalposts, it’s a clear sign that their financing is falling apart behind the scenes. They’re stalling for time, and every day your house sits off the market is money out of your pocket.
4. They Want a Bunch of Walkthroughs
A standard walkthrough or inspection is normal. But if they keep bringing "partners," "inspectors," or "contractors" by for a third, fourth, or fifth walkthrough, look out. A lot of times, these aren't actually buyers at all—they are wholesalers who don't have the money to buy your house. They are trying to find someone else to sell your house to before their contract with you expires.
How We Do Things Differently
At Spencer Buys Houses, we don’t play those games. We don't need to stall, because we have real, liquid funds ready to go right now.
We are continuously purchasing properties all over the Memphis area—just like the ones you see us closing on every single week. When we make you an offer, it’s straightforward, honest, and backed by actual cash.
If you want to skip the stress, avoid the open houses, and get a fair cash offer from a local team you can trust, we are ready to connect with you.
Give my team a call today at (901)-979-9848 and let's talk about your property. Peace, have a good day, and God bless!