If you need to sell your house in Memphis, you have options. But not all cash buyers are the same — some offer fair prices, some offer 50 cents on the dollar, and some make it harder than it needs to be.
This guide breaks down what it actually looks like to sell to a "we buy houses" company in Memphis, what you should watch for, and why thousands of Memphis homeowners have chosen Spencer Buys Houses when they need to sell fast.
What Does "We Buy Houses Memphis" Actually Mean?
When you see "we buy houses Memphis" signs or ads, those are usually cash investors who skip the traditional listing process entirely.
Here's how it works:
- You submit your property info (address, condition, situation)
- A buyer reviews it and makes a cash offer — usually within 24 to 48 hours
- You accept (or don't)
- You close on a date you choose — sometimes in as little as 7 days
No listing on the MLS. No agent commissions. No open houses. No waiting months for a buyer to get financing approved. You get a check and move on.
Who uses cash buyers most often?
- Homeowners facing foreclosure who need to stop the clock fast
- People who inherited a property and don't want to manage repairs or probate delays
- Landlords tired of problem tenants and ready to exit
- Sellers going through divorce who need a clean break
- Anyone with a house that needs major repairs and can't afford to fix it first
How Spencer Buys Houses Works
Spencer has been buying houses in Memphis for over 10 years. More than 400 homes purchased across Shelby County and the surrounding area. Rated 4.9 stars from 113 verified reviews. Accredited with the BBB with an A+ rating.
Here's the process:
Step 1 — Call or submit your address online
Takes about 2 minutes. Tell us the address, condition, and your timeline. That's it.
Step 2 — We review your property
Spencer's team looks at comparable sales in your neighborhood, the condition of the home, and what makes sense for both sides. No games.
Step 3 — You get a cash offer within 24 hours
A real number, in writing. No pressure, no expiration deadline designed to rush you.
Step 4 — You pick the closing date
Need to close in 7 days? Done. Need 30 days to get your stuff together? Fine. We work on your timeline.
Step 5 — You get paid at closing
Cash or wire — your choice. No commissions, no repair deductions, no surprise fees.
What to Watch for With Cash Buyers in Memphis
Not every company that says "we buy houses" in Memphis operates the same way. Here's what you should ask before signing anything.
What percentage of market value are they offering?
Many national "we buy houses" companies offer 50% to 70% of fair market value. That sounds fast and easy — and it is — but you're leaving real money on the table. Spencer Buys Houses aims to offer fair value, not lowball numbers designed to maximize investor profit.
Are they actually local?
National companies process Memphis properties the same way they process properties in Phoenix and Philadelphia. Spencer grew up in this business here. He knows Frayser from Bartlett. He knows what a house in South Memphis is actually worth versus what an algorithm spits out.
Will they actually close?
Some buyers make offers and then re-trade the price right before closing. Spencer closes. The title company is Bradsher, Albert & Stuart, PLLC — a licensed Memphis firm that handles the paperwork and holds funds in escrow.
Any fees or commissions?
None. You don't pay a listing agent (typically 3%), you don't pay closing costs, and there are no service fees. What you agree to is what you get.
What Kinds of Houses Does Spencer Buy?
Any condition. Any situation. Here's a short list of what Spencer has purchased in Memphis:
- Houses that need full gut renovations
- Fire-damaged and flood-damaged properties
- Inherited homes coming out of probate
- Vacant houses with delinquent taxes
- Rentals with tenants still in place
- Homes with code violations or lien issues
- Properties mid-foreclosure
If you're wondering whether your specific situation qualifies — just ask. The answer is almost always yes.
Memphis Neighborhoods Where Spencer Buys Houses
Spencer buys throughout the entire Memphis metro area, including:
- Midtown Memphis — older homes, often in need of updating
- South Memphis / Whitehaven — high rental demand area
- Frayser — strong investor activity, quick turnarounds
- Raleigh / Bartlett — suburbs with solid resale values
- East Memphis — higher-value properties, owner-finance candidates
- Cordova — growing suburban market
- Germantown / Collierville — premium zip codes
- North Memphis — active acquisition area
Don't see your neighborhood listed? Call anyway. Spencer buys across Shelby County and into neighboring counties.
How Much Will I Get for My Memphis House?
There's no universal number — it depends on your property. But here's how cash buyers calculate offers:
ARV (After-Repair Value) — What your home would sell for on the open market once fully repaired and updated.
Repair costs — What it would cost to bring the home to sellable condition.
Holding costs + profit margin — What the buyer needs to make the deal work.
Most national cash buyers offer 60% to 70% of ARV minus repairs. Spencer competes on being fair — the goal is an offer that makes sense for you, not just the minimum that keeps the deal together.
If you want a ballpark before calling, pull recent sales in your zip code on Zillow or Redfin, subtract what you think repairs would cost, and use that as your floor. A legitimate buyer should be close to that.
Selling a House Fast in Memphis: Your Three Options
Option 1 — List with a real estate agent
Best for: sellers who have time, a move-in-ready home, and want top dollar.
Typical timeline: 30 to 90 days to close after accepting an offer.
Cost: 5–6% in commissions, plus repairs, staging, and carrying costs.
Option 2 — Sell to a cash buyer
Best for: sellers who need speed, have a distressed property, or want zero hassle.
Typical timeline: 7 to 30 days.
Cost: None — no commissions, no fees.
Option 3 — For Sale By Owner (FSBO)
Best for: experienced sellers comfortable negotiating contracts.
Typical timeline: Varies widely — can be faster or slower than using an agent.
Cost: Lower fees, but more work on your end.
If speed and certainty matter more than squeezing out the last dollar, a cash buyer is the right move.
Why Memphis Homeowners Choose Spencer Buys Houses
- Local. Spencer has operated in Memphis for over 10 years. He knows the neighborhoods, the market, and the people.
- Fast. Cash offers within 24 hours. Close in as few as 7 days.
- Verified. 4.9★ from 113 reviews. BBB A+ accreditation. Licensed title company at every closing.
- No fees. No commissions, no closing costs, no deductions.
- Flexible. You pick the closing date. Need 7 days or 60 days — both work.
- Real people. You talk to someone on Spencer's team, not a call center in another state.
Frequently Asked Questions
How fast can you close on my Memphis house?
Spencer Buys Houses closes in as little as 7 days. If you need more time, we work with your schedule.
Do I need to make repairs before selling?
No. Spencer buys houses in any condition — foundation issues, roof damage, outdated systems, fire damage. You leave it as-is.
Will I pay any fees or commissions?
None. Spencer covers closing costs. You walk away with the agreed amount, period.
How do I know the offer is fair?
Spencer provides a written offer with no pressure and no expiration gimmick. You're free to compare it with other offers. Most sellers find it competitive — especially once you factor in what you'd pay in repairs, commissions, and carrying costs on a traditional sale.
What if my house has liens or back taxes?
Call anyway. Spencer has experience buying properties with title issues, delinquent taxes, and other complications. It doesn't automatically kill a deal.
What areas of Memphis do you buy in?
All of Memphis and Shelby County, plus parts of Tipton, Fayette, and Crittenden counties.
Is Spencer Buys Houses a legitimate company?
Yes. Spencer has purchased 400+ homes in the Memphis market over 10+ years. The company holds a BBB A+ rating and carries 4.9 stars across 113 verified customer reviews.
Get Your Cash Offer Today
If you need to sell your Memphis house fast, start here. Submit your address or call Spencer's office. You'll have a cash offer in your hands within 24 hours — no pressure, no games.
Memphis, TN
4.9★ | 113 reviews | BBB A+