In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder Memphis homeowners ditch repairs and choose cash buyers for a hassle-free sale!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. Don’t stress—just enter a cash buyer marketplace. Here you can receive offers that can reach up to 100% of your home’s value!
Reviews: 5 Best Cash Home Buyers in Memphis
1. Houzeo: Memphis’ #1 Cash Home Buyer Marketplace
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $199Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers, increasing the number of offers you receive.
- Pricing:
- Silver Plan – $199: 6-month MLS listing, 24 photos.
- Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
- Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.
» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.
Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:
- Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
- No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission!
There are no dealbreakers with Houzeo.
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
With Houzeo, you can connect with Memphis’ best cash home-buying companies and individual investors. You can also get multiple competitive offers for your home. This increased exposure helps you get maximum profit.
2. New Horizon Home Buyers
POPULAR CASH HOME BUYER
Service Fee: NoneNew Horizon Home Buyers is a reliable cash buyer in Chattanooga, TN, that specializes in providing fair offers and support for selling your house as-is.
- Typical Offer: 50% to 70% of Fair Market Value.
- Eligible Properties: New Horizon Home Buyers specializes in distressed properties facing structural issues, inherited properties, tenant problems, code violations, and more.
- Closing Offer Terms: They offer a closing timeline of 7 to 30 days.
- Service Fee: None.
New Horizon Home Buyers emphasizes a hassle-free and cost-free selling experience, focusing on speed, convenience, and direct transactions with homeowners.
- Fast Cash Offer: Get an offer in approximately 24 to 48 hours after you submit your details.
- No Additional Charges: You do not need to pay any extra fees, as they cover all seller closing costs.
- No Renovation or Repair Costs: New Horizon Home Buyers purchases houses as-is. You do not need to make any repairs to your house before the sale.
While New Horizon Home Buyers presents a streamlined and convenient option, sellers should consider the potential trade-offs associated with cash offers and the company’s business model.
- Non-negotiable Offer: New Horizon Home Buyers will not offer more than 70% of your property’s fair market value. After a thorough home inspection, they quote an offer based on the after-repair value.
- Limited Coverage: They provide services only in selected states, such as Georgia, Tennessee, Arkansas, Alabama, South Carolina, North Carolina, Florida, and Texas.
New Horizon Home Buyers has 4.9 out of 5 stars with 35+ reviews on Google.
» New Horizon Home Buyers Reviews: Know why it is not the best way to sell with New Horizon Home Buyers in 2025.
New Horizon Home Buyers is based in Chattanooga, TN. They buy distressed properties after evaluating the property. They update the house and then sell it for a profit. You will only be offered up to 70% of the home’s fair market value.
3. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: NoneASAP Cash Home Buyers aims to provide a straightforward process for quick sale. They offer cash for properties in various conditions including damaged homes due to fire or flood and not covered by insurance.
- Typical Offer: While not explicitly stated on their website, the offers typically range from 50% to 70% of the property’s Fair Market Value.
- Eligible Properties: The company buys a variety of properties including condos, townhouses, etc. Properties with structural issues or facing foreclosure homes, even those in high-crime areas, are also considered.
- Closing Offer Terms: They aim for a fast closing, with timelines potentially ranging from 7 to 28 days after accepting the offer.
- Service Fee: None
Here are some of the benefits that you get with ASAP Cash Home Buyers:
- Nationwide Coverage: ASAP Cash Home Buyers operates across all 50 states, offering broad accessibility.
- Flexible Closing Date: They aim to work with your preferred closing timeline, potentially closing in as little as 7 days.
- No Hidden Costs: ASAP Cash Home Buyers mention all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to save time and without any minor repair work.
In our research, we have found certain drawbacks of ASAP Cash Home Buyers:
- Varying Level of Service: ASAP Cash Home Buyers partners with other real estate investors. Therefore, there’s no guarantee that you will work with a knowledgeable and responsive buyer.
- Only Purchase Homes: ASAP Cash Home Buyers does not buy property interests like timeshares, hotels, or rental communities. Thus, if you want to sell other properties, you need to consider other options.
- Limited Negotiation: Since they have a streamlined process, it can result in fixed terms and conditions. This means you have less opportunity to negotiate on the offered price.
ASAP Cash Home Buyers has a rating of 4.8 out of 5 stars with 35+ reviews on Google.
» ASAP Cash Home Buyer Review: Read our in-depth analysis.
ASAP Cash Home Buyers was founded in Fort Lauderdale, FL. They are a group of real estate professionals with over a decade of experience. They don’t charge a closing fee and can buy your Memphis house in 7-28 days.
4. Express Homebuyers
AS-IS CASH HOME BUYER NETWORK
Service Fee: NoneExpress Homebuyers specializes in making all-cash offers on distressed houses. They cater to home sellers who want to sell their houses fast without making any repairs.
- Service Fee: None.
- Typical Offer: You can get up to 50% to 70% of your house’s Fair Market Value (FMV).
- Eligible Properties: Express Homebuyers deals in inherited houses, homes sold after divorce, foreclosure properties, rental properties, and more.
- Closing Offer Terms: The company has a flexible closing timeline and can buy your home at your convenience. Usually, they close within 2 to 4 weeks.
Following are some of the reasons, that makes Express Homebuyers are good choice to sell your home:
- Flexible Closing Date: Closing dates can be finalized as per your terms.
- No Charges or Fees: Express Homebuyers does not charge you any fees. You will receive the full selling price based on market research and the house’s conditions.
- Sell As-Is: You need not prep the home for listing, home staging, or worry about making repairs.
The company has some negatives to look out for as well:
- Unresponsive Customer Support: Previous clients have complained about their lack of communication and half-hearted responses.
- Non-Negotiable Offer: You must either accept or decline the offer without requesting changes or modifications. The offer will not be more than 80% of the property’s Fair Market Value.
Express Homebuyers has a rating of 4.4 out of 5 stars with 160+ reviews on Google Reviews.
» Express Homebuyers Reviews: Is there no service fee for real? 😲
👉 Our Take: Express Homebuyers can be a great option to sell an extremely distressed property. However, if your house needs minimal or no repairs, then you should consider listing on the MLS.
Jud Allen and Brad Chandler founded Express Homebuyers in 2003. They are based in Springfield, Virginia, but they buy homes across the nation.
They will extend a cash offer that is up to 30%-70% of your home’s fair market value. However, they have poor customer support which can delay your sale.
5. Offerpad
QUICK CLOSING
Service Fee: 5%Offerpad is an iBuyer that purchases homes directly with cash offers based on specific eligibility criteria. They offer cash based on their patented evaluation tool’s calculations.
- Typical Offer: It is 70% to 80% of the Fair Market Value of your property.
- Eligibility: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre, and a max valuation of up to one million dollar. Homes with foundational issues are not eligible.
- Closing Offer Terms: They make an initial offer within 24 hours of submitting your details. However, the final offer may change after they conduct a home inspection.
- Service Fee: 5% of the home sale price and 1% as closing costs.
Here are some of the benefits that you get with Offerpad:
- Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.
- Lightning Fast Closing: With Offerpad’s cash-for-house offer, you can close your property in a fortnight.
- Save on Minor Repair Costs: When you sell your house for cash with Offerpad, you don’t incur upfront costs to fix, prepare, or stage your house.
- Stay Beyond Closing Day: You can extend your stay in your home even after the closing date.
In our research, we have found certain drawbacks of Offerpad:
- Low-ball Cash Offer: Offerpad gives two offers – initial and final. The gap can be large. One seller’s offer dropped from $189,000 to $149,000 after inspection.
- High Service Fees: Offerpad will charge you a steep 5% service fee.
- Offerpad Cancellation Fee – 1%: If you’re 4 days from closing and you decline Offerpad’s cash offer, they’ll charge 1% of the home sale price as a cancellation fee.
Offerpad has a 2.2 out of 5 star rating on TrustPilot.
👉 Our Take: We recommend Offerpad if you need to close fast. However, you might have to leave cash on the table for this convenience.
Offerpad extends cash offers that are up to 80% of your home’s fair market value within 24 to 48 hours. They use advanced algorithms that compare local property prices to calculate offers.
The biggest downside to selling to Offerpad is their strict eligibility criteria. They can withdraw from the sale if your home doesn’t meet their requirements at any point during the transaction.
Are Companies That Buy Houses for Cash in Memphis Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in Memphis. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Memphis
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Opendoor and Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in Memphis
Not sure how to sell your home for cash in Memphis? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.
How Much Do Cash Buyers in Memphis Pay?
Memphis cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc. Here’s how the After-Repair Value is calculated:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you were selling your $186,000 home in Memphis. With a traditional cash home buyer, you could get just $130,200. But on a cash buyer marketplace like Houzeo, you could get multiple offers, potentially driving your sale price to 100% of its FMV.
| Service Provider | Service Fee | ARV Estimate | Actual Offer |
| Cash Buyer | None | 70% | $130,200 |
| iBuyer | 5% | 80% | $148,800 |
| Houzeo | $199* | Up to 100% | $185,801 |
» Houzeo Reviews: Find out why Houzeo is Memphis’ best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Memphis
Given that more sellers are opting for companies that buy houses for cash in Memphis, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in Memphis close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: Memphis cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Tennessee. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Memphis cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in Memphis
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Tennessee Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using yard signs, word of mouth, open houses, etc. Tennessee FSBO websites also limit your home’s exposure, which lowers your home sale price.
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in Tennessee charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Memphis?
Yes, you can sell to cash buyers. But say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, on a cash buyer marketplace, you can get multiple offers, sell fast, and potentially keep more money.
