How to Find Cash Home Buyers in Tennessee for a Hassle-Free Home Sale
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re a homeowner in Tennessee looking for a quick and hassle-free home sale, connecting with a cash buyer could be a good idea. Whether you’re in Nashville, Memphis, or a charming town in between, Tennessee’s growing real estate market attracts both local and out-of-state investors eager to make cash offers.
Selling your home for cash in the Volunteer State can save you from the traditional market’s headaches, such as contingencies or financing delays. This guide will walk you through finding and selling to Tennessee cash home buyers, providing the insights necessary to make an informed and smooth sale.
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How to find cash home buyers in Tennessee
Partnering with cash buyers takes the guesswork out of selling your home. Some purchase properties as-is, while most can close on your schedule. This makes them a reliable choice for anyone seeking a faster, smoother sale. Here are a few ways to find trusted cash home buyers in Tennessee who may offer a fair price for your property.
Work with a reputable local real estate agent
Even for a cash sale, partnering with a real estate agent can be beneficial. They often have connections to cash buyers, saving you the effort of researching and vetting numerous buyers. An agent-recommended buyer is likely trustworthy, reducing your risk.
If you don’t have an agent yet, HomeLight can connect you with top agents in Tennessee. Though real estate commissions apply, the time and stress saved can be worthwhile.
Focus on investors rather than owner-occupiers
Tennessee sees significant activity from institutional buyers like limited liability companies and corporations that purchase homes for cash. To attract these investors, post your property on investment websites or attend real estate investing events.
Search for local “We Buy Houses for Cash” companies in Tennessee. Many have websites where you can submit your property details and receive a no-obligation offer within days. Compare multiple offers so you can identify which company provides the fairest price and the most convenient closing timeline.
Do your due diligence
Researching cash-for-homes companies is key to avoiding scams. Use the Better Business Bureau (BBB) to verify companies and reach out to local chapters, including the BBB of Greater East Tennessee, BBB of Southeast Tennessee & Northwest Georgia, and BBB of the Mid-South.
Read reviews on Google, Yelp, Facebook, or Trustpilot. Check the company’s track record, licenses, and customer referrals to ensure you’re working with a reputable buyer.
Ask for proof of funds before signing an offer
Choose a cash buyer who’s financially capable of completing the purchase. Ask for proof of funds, such as a bank statement or a letter from a financial institution. If a buyer is unwilling to provide proof, consider it a red flag and find a more trustworthy option.
Inside the Tennessee cash home buyers market
Cash home buyers come from all kinds of backgrounds, each with their own reasons for skipping traditional financing. Many are investors, flippers, or individuals simply looking for a fast, simple purchase. Knowing who typically pays cash for homes can help you attract the right buyers and close your sale more efficiently.
Here are some other buyers who will purchase your home for cash:
New residents
Tennessee, with its affordable cost of living, attracts new residents from states with higher living costs. Overall expenses, including housing, groceries, childcare, transportation, healthcare, and taxes, are roughly 10.1% below the national average. Moreover, the state’s tax-friendly environment makes it a popular destination for cash buyers.
Cities like Nashville and Chattanooga draw cash buyers with their rich cultural offerings and growing job markets. Those moving from higher-priced states choose to purchase homes in Tennessee outright, bypassing the complexities of mortgage financing.
To appeal to these cash buyers, emphasize the city’s affordability and vibrant cultural offerings in your listing. Additionally, staging your home to showcase the state’s inviting atmosphere can help buyers envision themselves living there.
Baby Boomers
Baby Boomers make up a large share of today’s cash home-buying market. With decades of built-up equity and savings, many prefer to purchase homes outright rather than take on a mortgage.
According to recent data from the National Association of Realtors (NAR), about half of older boomers and two out of five younger boomers pay for their homes in full, avoiding traditional financing altogether.
To attract boomer cash buyers, highlight features like first-floor primary suites, low-maintenance outdoor spaces, or wide doorways and hallways in the listing description.
Property investors
The state’s affordable housing market and potential for profitable returns draw many real estate investors. In 2024, investor buyers accounted for 12.7% of Tennessee’s market, marking a 0.9% increase from the previous year. Among the 150 largest U.S. metropolitan areas, Memphis ranks among those with the highest proportion of investor purchases.
Investors often prefer cash deals for their speed and reliability, making them a reliable option for homeowners looking to close quickly. Some of the investors you may encounter as you sell your home for cash include institutional buyers, house flippers, buy-and-hold investors, wholesale investors, and iBuyers.
Pros of working with a Tennessee cash home buyer
Cash offers can be an attractive option for Tennessee homeowners seeking an efficient and streamlined sales process. Let’s explore the key benefits of working with a cash home buyer:
- Quick closings: Cash sales often close much faster than traditional sales because they bypass the lengthy mortgage approval process. This can be especially beneficial if you need to sell your home fast due to personal or financial reasons.
- No contingencies: Cash buyers typically do not have contingencies, such as financing or home sale requirements, which can complicate and delay the sale process. This means a smoother and more certain transaction for the seller.
- As-is purchase: House-buying companies let homeowners sell as is, meaning you won’t need to invest time and money into repairs or upgrades. This can save you significant effort and expense in preparing your home for sale.
- Simplified process: Selling to a cash buyer involves less paperwork and fewer steps, streamlining the entire transaction. This simplicity reduces stress and makes the selling experience more straightforward for homeowners.
- Guaranteed sale: Cash transactions eliminate the risk of a deal falling through due to financing issues, providing greater certainty that the sale will be completed. This reliability can offer peace of mind to sellers who are eager to finalize their home sale.
How to request a cash offer in Tennessee
HomeLight’s Simple Sale platform is a convenient way to secure a cash offer for your home. Start by answering a few basic questions about your home. After completing that, you can get a no-obligation, all-cash offer within 24 hours. If you accept the offer, you can close the sale in as few as 7 days.
Choose a move-out date that works for you, up to 30 days from closing.
By using Simple Sale, you can skip the repairs, prep work, and endless showings. While cash buyers typically offer less than what you might get on the open market, selling traditionally involves fees and costs that can eat up 9% to 10% of your sale price. Depending on your situation, a cash buyer could still save you money and time in the long run.
How much are Tennessee cash home buyers willing to pay?
Most house-buying companies pay less than market value in exchange for the speed and convenience of a quick sale. Many cash buyers, especially house flippers, follow the 70% rule, which means they offer around 70% of the home’s after-repair value minus repair costs.
In the second quarter of 2025, Tennessee’s housing inventory grew by 7 to 8%, while home prices saw only a slight increase of 0.7%. Meanwhile, closings slowed down, particularly in Nashville, which recorded a 4% drop.
For sellers, this means cash offers may be a bit lower since buyers have more properties to choose from and are not in a rush to buy. That said, homes that are priced right and move quickly can still draw solid cash offers from motivated buyers.
During periods with high demand and low inventory (seller’s markets), cash buyers often come closer to a home’s market value. Offers in this scenario can sometimes range from 80% to 85% of the ARV of the property. Meanwhile, in slower markets, offers are typically lower.
What’s the process of selling to a Tennessee cash home buyer?
If you’re looking for speed and simplicity, a cash home sale may be right for you. Here’s a breakdown of how the process generally works:
Complete any required disclosures
In Tennessee, sellers must reveal any known property issues through the Tennessee Residential Property Condition Disclosure form. This form provides information about the home’s structure, systems, and any identified defects, promoting transparency and safeguarding both buyers and sellers throughout the transaction.
“We Buy Houses” companies usually prepare all necessary documents, including this form, but filling it out ahead of time can speed up the process. They buy homes in any condition, making the disclosure more of a legal formality than a sale requirement.
Let the buyer run a title search on the property
The cash buyer will verify the property’s title to ensure you have legal ownership and check for any liens or claims. Boundary disputes, unknown easements, undisclosed heirs, public record errors, and forgery are typical title problems that can arise.
Addressing these issues early can help avoid delays, minimize legal complications, and provide both buyers and sellers with confidence in a seamless, secure transaction.
Pay any associated fees
Cash sales typically have fewer closing costs, but sellers may still need to cover transfer taxes, title insurance, escrow costs, and attorney fees.
The transfer tax in Tennessee is $0.37 per $100 of the sales price, paid by the seller. But some “We Buy Houses” companies cover all closing costs in exchange for a below-market offer.
Deciding to sell to Tennessee cash home buyers
Selling your Tennessee home for cash is a viable option in this investor-rich state. The local market attracts new residents, Baby Boomers, and property investors ready to buy homes in any condition. These cash transactions offer quick closings and fewer contingencies, making for a streamlined process.
Even with a cash sale, partnering with a local real estate agent is a good move, as they can connect you with reliable cash buyers, saving you time and effort. HomeLight can connect you with top professionals and resources, offering a fast and efficient solution for your home sale needs.
Editor’s note: This blog post is for educational purposes only, not legal or tax advice. HomeLight always encourages you to reach out to your own advisor.
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