We Lost This Deal. Then Bought It Anyway. (Cordova)

How Spencer Buys Houses Closed a Cordova Home Twice

Sometimes the best deals don’t go the way you planned.

A few months ago, a seller’s son reached out to us about his family’s inherited home in Cordova, Tennessee. It was a solid brick colonial — well-maintained, quiet street, good neighborhood. Exactly the kind of property we love.

We put in an offer. We were confident. We’d actually closed on another home just up the road on Chimneyrock a month earlier, so we knew the area well.

They went with someone else.

It happens. Not every deal closes. I asked my team what went wrong. The short answer: someone offered more. We accepted it and moved on.

Then, about a week later, a wholesaler emailed us.

Same house. Same address. Same Cordova street.

The buyer who beat us had assigned the contract to a wholesaler — who was now trying to sell it for a profit. That’s the game. We’ve seen it a hundred times.

We bought it from the wholesaler.

$220,000. Done.

Now we own two homes on the same street in Cordova. And we’re actively looking to buy more in that area.

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What This Deal Teaches Us About Buying Inherited Homes in Memphis

This situation plays out more often than people realize.

When a family inherits a home, there’s usually more than one decision-maker. Someone wants to sell fast. Someone wants to wait for top dollar. Someone hires an agent. Someone talks to a cash buyer. It gets complicated.

In this case, the family went with another offer — which is completely their right. But that buyer flipped the contract to a wholesaler, who brought it back to us anyway.

The end result: the house found its way to the right buyer. We cleaned it up, and now a new family will have a home in a great Cordova neighborhood.

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We Buy Houses in Any Condition. Any Situation.

The seller left this house clean. That made our job easier. But we want to be clear: it doesn’t matter to us.

We’ve bought homes that were completely trashed. Homes in probate. Homes with tenants still inside, back taxes owed, foundation issues, roof problems — you name it.

We don’t need the house to be perfect. We need the seller to be ready.

Here’s what our process looks like:

1. You call or text us — we talk about the property, no pressure
2. We make a cash offer — usually within 24-48 hours
3. You choose your closing date — we work around your schedule
4. We close — cash in hand, no repairs, no commissions, no surprises

500+ deals closed in the Memphis area. We’ve seen every situation.

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Why Cordova, TN Is One of Our Favorite Markets

Cordova is one of the strongest submarkets in the greater Memphis area. Solid schools, established neighborhoods, good rental demand, and strong long-term appreciation.

When we find the right deal there, we move fast. And when we own two homes on the same street, we look for a third.

If you’re sitting on a property in Cordova — whether it’s inherited, a rental you’re tired of managing, or just a house you need to sell — we want to talk.

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Ready to Sell Your House in Cordova or Memphis?

You don’t need to fix anything. You don’t need to clean anything. You don’t need an agent. Call – 901-487-2991 or visit SpencerBuysHouses.com.