How fast can Spencer Buys Houses close on my Memphis home?

We can close in as little as 7 days. Once you accept our cash offer, we handle all the paperwork and coordinate with the title company. Most sellers close within 1–3 weeks.

Do I need to make repairs before selling to Spencer Buys Houses?

No. We buy houses in any condition — fire damage, flood damage, structural issues, or just outdated. You don't need to fix anything. We buy as-is.

Are there any fees or commissions when selling to Spencer Buys Houses?

Zero fees, zero commissions. We're not real estate agents. We're cash buyers. You keep 100% of the offer price with no deductions.

What areas does Spencer Buys Houses serve?

We buy houses throughout Memphis and surrounding areas including Bartlett, Cordova, Germantown, Collierville, Arlington, Millington, Southaven MS, Horn Lake MS, and Olive Branch MS.

How many houses has Spencer Buys Houses purchased?

We've purchased hundreds of homes across the Memphis metro area and Mid-South, buying approximately 6–7 houses per month. We have a track record spanning over 10 years in the Memphis real estate market.

What happens if my house is facing a tax sale or foreclosure?

We specialize in helping homeowners avoid tax sales and foreclosures. We can move quickly, make a cash offer, and close before the county takes action. Contact us immediately if you're in this situation.

Spencer Buys Houses vs Sundae Real Estate — Which Is Better for Memphis Sellers?

Spencer Shadrach

June 12, 2026

Spencer Buys Houses vs Sundae Real Estate — Which Is Better for Memphis Sellers?

Sundae is an investor marketplace — they auction your distressed home to a network of buyers who bid against each other, typically at 50–70% of fair market value. Sundae also deducts an admin fee and buyer's premium from the winning bid before you receive your net. Spencer Buys Houses makes a single direct offer using its own capital, covers all closing costs, and closes in 7–14 days with no deductions, no auction, and no surprises. For Memphis sellers, the direct route typically means more certainty and comparable net proceeds.

Sundae is an investor marketplace. You submit your distressed property, Sundae lists it on their platform, and a network of real estate investors places competing bids. In theory, the competition drives the price up. In practice:

Offers run 50–70% of fair market value. Sundae's own data and third-party reviews confirm this range. The marketplace model attracts investors looking for distressed properties at deep discounts — that's the point of the platform.
Sundae deducts fees from your proceeds. Despite marketing itself as "free to sellers," Sundae charges buyers a platform fee and buyer's premium — which is factored into the bids investors submit. The winning bid is already priced with those fees built in. Your net is lower than the headline offer.
The buyer is whoever wins the auction. You don't choose who you sell to. The highest bidding investor — who may be from out of state, may have never seen your property, and may use financing — closes your deal. Fall-through risk exists.
Sundae operates in select markets. As of 2026, their active markets are primarily in California, Texas, Georgia, Colorado, and Florida. Memphis, TN is not a confirmed active Sundae market — meaning Memphis sellers may not be eligible or may receive very limited bids.

How Spencer Buys Houses Works — The Direct Difference

Spencer Shadrach walks your Memphis property in person, runs real repair cost estimates based on 10+ years of local contractor relationships, and makes a single direct offer. No auction, no competing bids, no mystery buyer.

One offer — from the actual buyer. Spencer uses his own capital. No investor network. No platform fees deducted from your net.
$0 to the seller. No closing costs, no deductions. The offer number is your net at the Bradsher, Albert & Stuart closing table.
Memphis-specific valuation. Spencer knows the difference between a Whitehaven (38116) comp and a Raleigh (38127) comp. Sundae's algorithm-driven bids from out-of-state investors don't have that depth.
Close in 7–14 days. Sundae's process — submission, listing period, bid review, buyer due diligence — typically takes 2–4 weeks minimum before closing begins.

Side-by-Side Comparison

Model Direct buyer — own capital Investor marketplace / auction Who buys your home Spencer Shadrach Highest-bidding investor — unknown until auction closes Offer range (% of FMV) Fair — reflects real Memphis comps Typically 50–70% of FMV Hidden fees None — $0 to seller Admin fee + buyer's premium deducted from bids Memphis availability Active — 400+ Shelby County closings Limited / not confirmed active in Memphis Close timeline 7–14 days 2–4+ weeks (listing period + buyer due diligence) Property walk before offer Yes — Spencer in person No — remote / algorithm-based listing Reviews BBB A+ | 4.9★ / 113 Google reviews Mixed — platform reviews vary by investor

Real Case Study: Raleigh 38127 Inherited Property — Why the Seller Chose a Direct Offer

Property: Raleigh, Memphis TN 38127 | Situation: Inherited property, vacant, back taxes, seller in Atlanta | Outcome: Spencer Buys Houses — closed in 6 days, taxes paid at table

The seller didn't have weeks for an auction process. Shelby County back taxes were stacking up, the property was vacant, and waiting 3–4 weeks for a marketplace to generate bids wasn't an option. Spencer Buys Houses walked the property, made a direct cash offer, and closed in 6 days. Taxes paid from proceeds at the Bradsher, Albert & Stuart closing table. The seller never had to wire a dollar.

When does Sundae make sense?

If your property is in a Sundae active market, if you can wait on the auction timeline, and if you want to see competitive bids from multiple investors, Sundae can generate useful data. But read the fine print: the fees embedded in the bids and the 50–70% FMV range mean the auction process doesn't always produce meaningfully better numbers than a single well-priced direct offer.

For Memphis sellers specifically, the platform availability question alone is worth resolving before spending time on the Sundae process.

SpencerBuysHouses.com — Direct. Local. 901-979-9848

Spencer Shadrach

Founder, Spencer Buys Houses | Memphis, TN

Spencer Shadrach has been buying homes across Memphis, Shelby County, and the Mid-South for over 10 years — 400+ transactions closed, BBB A+, 4.9★ across 113 Google reviews. He lives and invests in the Memphis market.

About the Author

Spencer Shadrach

Spencer Shadrach is the founder of Spencer Buys Houses, a premier local real estate investment firm specializing in direct residential acquisitions across Memphis, TN. With 10+ years of experience and over 200 single-family transactions closed across the Mid-South, Spencer focuses on stabilized tenant outcomes and helping "tired landlords" exit the market with ease.

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