6 Best Companies That Buy Houses for Cash in Memphis in 2024

Houzeo 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.

• Fee: Houzeo does not charge any undisclosed closing fee.
  • $399 + $350 at Close: 6-month MLS listing, 24 photos
  • $399+0.5% at Close: Maximum photos, premium yard sign
  • $429+0.5% at Close: Pricing assistance, contract review, seller disclosures, licensed broker assistance
  • $449+1% at Close: Virtual full-service with licensed broker, offer negotiations
• Typical Offer: Up to 100% of your property’s Fair Market Value.
• Eligible Properties: On Houzeo Marketplace, you can sell your house as is.
• Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You can access Houzeo’s advanced features to negotiate the best terms for your cash offer.

» 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:

1. Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
2. 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
3. 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
4. No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission! All fees are disclosed upfront, so there are no Houzeo hidden fees.
5. Home Value Estimator: Houzeo’s home value estimator can get you a quick and free estimate of your property’s market value in 30 seconds.

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.

Offerpad is an iBuyer that makes cash offers on homes that meet their eligibility criteria. This cash offer is based on their patented evaluation tool’s calculations.

• Typical Offer: It is 70% to 80% of the market value of your property.
• Service Fee: 5% of the home sale price and 1% as closing costs.
• Eligibility: Offerpad offers cash for houses built after 1960, with a maximum lot size of 1 acre, and a max valuation of up to 1M. 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.

👉 Our Take: When you sell to Offerpad, you can close in as early as 2 weeks. So, if you want to sell fast and are open to leaving cash on the table Offerpad is a good option.

• 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, you don’t incur upfront costs to fix, prepare or stage your house.
• Extended Checkout: You can extend your stay in your home even after the closing date.
• Broad Coverage: Offerpad buys houses for cash in 27 markets across the country.

• Lowball Cash Offer: Offerpad extends two offers- an initial one and a final one. The difference between the two can be quite high. One home seller was offered $189,000 initially but received a lowball offer of $149,000 post Offerpad’s home inspection.
• High Service Fees: Offerpad charges a steep 5% service fee for their cash offer. This fee covers title insurance, escrow fees, HOA transfer fees, taxes, etc.
• Offerpad Cancelation Fee – 1%: If you’re 4 days from closing and decline Offerpad’s cash offer, they’ll charge 1% of the home sale price as a cancelation fee.

Offerpad has a 2.7 out of 5-star rating on TrustPilot.

» Offerpad Reviews: See what customers have to say about Offerpad.

New Horizon Home Buyers is a reliable cash buyer that specializes in providing fair offers and support for selling your house as-is.

• Service Fee: None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• 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.
  

👉 Our Take: New Horizon Home Buyers is a reliable option for homeowners seeking a trusted cash buyer. However, they have a minimal coverage area.

• Fast Cash Offer: Get an offer in approximately 24 to 48 hours.
• No Additional Charges: You won’t even need to pay any extra fees, as they even cover your closing costs.
• No Renovation or Repair Costs: New Horizon Home Buyers purchase houses as-is. You do not need make any repairs to your house before the sale.

• 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, Louisiana, 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 2024.

Express 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: Express Homebuyers do not charge any upfront fees.
• Typical Offer: Their cash offer ranges from 50% to 70% of the house’s fair market value (FMV).
• Eligible Properties: Express Homebuyers deals in inherited houses, home sales after divorce, foreclosure properties, rental properties, etc.
• Closing Offer Terms: While they usually close within 2 to 4 weeks, they have a flexible closing timeline and can buy your home at your convenience.

👉 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.

• No Obligations Offers: You will receive a free estimate for your property, no matter how many major fixes it needs.
• Near Nationwide Coverage: Express Homebuyers offers cash for houses in 20 states including major states like Florida, California, Texas, Washington, etc.
• Flexible Closing Date: Closing dates can be finalized as per the home seller’s terms.
• No Charges or Fees: Express Homebuyers do 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 save on repair costs, and sell your house as-is.

» What is Express Homebuyers? Read our in-depth analysis of Express Homebuyers.

• Poor Customer Support: Previous clients have complained about their lack of communication and half-hearted responses.
• Non-Negotiable Offer: Your house will receive a cash offer of not more than 70% of the property’s fair market value.

Express Homebuyers has a rating of 4.4 out of 5 stars with 135+ reviews on Google Reviews.

» Express Homebuyers Reviews: Is there really no service fee?

We Buy Houses is a network of pre-vetted real estate investors. Each investor is thoroughly screened before being authorized to operate independently.

• Service Fee: None
• Typical Offer: 50% to 70% of the property’s fair market value.
• Eligible Properties: Distressed properties with structural issues, homeowners facing relocation, flawed mortgage financing, inherited homes, or homes in high-crime neighborhoods.
• Closing Offer Terms: We Buy Houses provides a flexible closing date, typically 7 to 14 days. The offer terms are not flexible.

👉 Our Take: We Buy Houses is an ideal option to sell your home quickly without the hassle of repairs. However, be prepared to settle for a lowball offer. 

• Fast Cash Offers: You will typically receive the initial cash offer within 2 days.
• Zero Service Fees: We Buy Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
• Fast Closing: We Buy Houses can complete the entire home sale process in just 7 days after you accept their offer.
• Zero Repair Costs: When selling to We Buy Houses, you don’t need to prep the house or worry about repairs.

• Service Quality Varies: We Buy Houses operates on a franchise model. It means service quality can vary depending on the location.
• Limited Scope for Negotiation: We Buy Houses extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
• Unsolicited Calls: Some reviews mention receiving unsolicited calls and texts from the company.

» We Buy Houses vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 1 star out of 5 on Better Business Bureau from only 4 customer reviews.

» We Buy Houses Reviews: Read this comprehensive review to learn more about the company.

ASAP Cash Home Buyers, founded in 2013, offers quick and hassle-free home sales. It specializes in assisting homeowners who need to sell their property fast for cash.

• Service Fee: None
• Typical Offer: 50% to 70% of the Fair Market Value (FMV)
• Eligible Properties: The company buys properties that have structural issues, have bad mortgage financing, and are located in high-crime areas. They also offer cash for inherited houses and empty lots.
• Closing Offer Terms: You close the deal in 3 weeks after accepting the offer. You also have the option to choose a closing date that suits your needs.

👉 Our Take: ASAP Cash Home Buyers’ is a good choice if you want to save on repair costs. However, you have to settle for a price that’s almost half of the home’s fair market value.

» Pros and Cons of Asap Cash Home Buyers: Must read before you make a decision.

• Nationwide Coverage: The cash home buyer offers its services in all the 50 states of the U.S.
• Flexible Closing Date: You can choose a closing date that works best for you.
• No Hidden Costs: ASAP Cash Home Buyers clearly outline all their fees upfront.
• Purchase of Distressed Home: You can sell your home as-is to the cash buyer. This would save you time and help close the deal faster.

• Varying Level of Service: ASAP Cash Home Buyers partners with independent investors nationwide. Therefore, there’s no guarantee that you will work with knowledgeable and responsive agents.
• 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 have a rating of 4.8 out of 5-stars with 40+ reviews on Google.

» ASAP Cash Home Buyer Review: Read our in-depth analysis.