How to Sell My House for Cash in Memphis
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Cheyenne Wiseman Associate EditorClose
Cheyenne Wiseman Associate EditorCheyenne Wiseman is an Associate Editor at HomeLight.com. Previously, she worked as a writer for Static Media (Mashed.com and Chowhound.com) and as an editor for CBR.com. Cheyenne holds a bachelor’s degree in English from UC Davis, where she also founded and led a literary magazine called Open Ceilings. She has four years of experience writing and editing on topics including real estate, financial advising, and pharmaceuticals.
If you’re thinking, “I want to sell my house for cash in Memphis, TN,” chances are you’re looking for a quick and simple process. With a cash sale, you can avoid prepping the home, skip repairs and showings, and choose a closing date that works for you.
You’re probably wondering:
- How do I sell a house for cash in Memphis?
- What does this convenience cost?
- How much more can I get for my Memphis house if I make repairs?
In this post, we’ll break down the two most common ways to get a cash offer in Memphis — and what that offer might look like based on who you sell to and whether you sell “as is” or make repairs first.
Compare Options: Investor Cash Offer vs. Top Memphis Agent
Get an all-cash, no-obligation offer on your Memphis home through HomeLight’s Simple Sale platform. Close in as few as 10 days with no repairs or showings. You can also see an estimate of what your home might sell for using a top Memphis agent.
Options to sell my house for cash in Memphis
If you’re a homeowner in Memphis looking to sell for cash, you typically have two main options: Work directly with a house-buying company or investor, or partner with a real estate agent who can help secure a cash offer from a traditional buyer. Each path offers different advantages — and can result in varying proceeds.
Before we break down the details, try the calculator below to quickly compare what your cash offer could look like based on how you choose to sell in Memphis.
As you’ll see, homes in better condition tend to receive higher cash offers in Memphis. But if you’re short on time, dealing with a major life change, or selling an inherited property from out of state, the ease of an all-cash offer can be hard to match.
Let’s explore what to expect from each method of selling your house for cash in Memphis.
Option 1: Sell to a cash buyer company in Memphis
House-buying companies — sometimes known as “We Buy Houses” companies — specialize in fast, all-cash purchases. Many will buy homes in as-is condition, meaning you don’t need to clean, fix anything, or stage your Memphis property for showings.
Other house-buying companies that serve Memphis, known as iBuyers, only purchase homes in good condition or move-in-ready “turnkey properties.” Companies like Opendoor and Offerpad offer more competitive prices than traditional investors but often charge a service fee of around 5%.
We Buy Houses companies in Memphis typically follow a similar streamlined process:
- You submit basic details about your Memphis property online or over the phone.
- The buyer evaluates your home using local sales data and may conduct an in-person walkthrough.
- You receive a no-obligation cash offer, often within 24 to 48 hours.
- If you accept, the deal can close in as little as 7 to 14 days.
Some Memphis investors flip homes, while others rent them out or hold them as long-term assets. Most look to buy properties below market value so they can profit after repairs or resale.
Many follow what’s called the 70% rule, aiming to purchase homes for no more than 70% of their after-repair value (ARV) minus estimated renovation costs. The calculator above applies this formula, along with a more generous 80% benchmark used by rental property investors.
That said, offers can vary depending on your home’s location, condition, and value.
»Learn more: 5 Top We Buy Houses for Cash Companies in Memphis
Pros and cons of selling to a Memphis cash buyer company
| Pros | Cons |
| Fast closing: Close and get paid in a matter of days, not months | Lower sale price: Offers are typically below market value |
| As-is sale: Sell your Memphis home in its current condition | Firm terms: Most offers are non-negotiable |
| Simple process: No showings, open houses, or negotiations | Limited exposure: No listing on the open market reduces competition |
| No fees or commissions: Most companies cover closing costs | Not always ideal: A traditional sale may bring better results |
| Certainty: Less risk of a deal falling through due to financing | Potential scams: Some cash buyers lack transparency or credibility. |
While Memphis has many reputable investors, it’s smart to stay cautious. Watch for companies with little to no online presence, vague offers, or pressure tactics. Prioritize buyers with solid local experience, verified reviews, and open communication.
»Learn more: We Buy Houses Pros and Cons: Make an Informed Decision
A better way to find trusted cash buyers in Memphis
HomeLight’s Simple Sale platform can connect you with the largest network of thoroughly vetted cash buyers in Memphis and nationwide — helping you review offers with no guesswork or digging required.
The Simple Sale process has four steps:
To sum it up, enter a few details about your Memphis home, and you’ll receive a no-obligation offer within 24 hours. If you accept, the deal can close in as few as 7 days, or you can pick your closing date. You’ll also receive a professional estimate of what your home might sell for using a top Memphis real estate agent, so you can compare each option.
Option 2: Attract a cash buyer with a top Memphis agent
Not all cash offers come from investors or companies. In Memphis’ competitive housing market, many individual buyers pay with cash, whether they’re downsizing, relocating after selling a home in Little Rock or Jackson, or looking for a second home to enjoy warmer weather and a slower pace than bigger cities. A top Memphis real estate agent can help position your home to attract these buyers.
»Learn more: Why Hire a Real Estate Agent When You’re Selling or Buying
Pros and cons of selling with a top Memphis agent
| Pros | Cons |
| A higher sale price: Agents can boost exposure to attract multiple offers | Longer timeline: A typical listing can take weeks or months to close |
| Professional guidance: Pricing, promotion, and negotiations are handled for you | Home prep work: You may need to clean, stage, or make repairs before heading to market |
| Wider reach: Reach more cash buyers through the MLS and agent networks | Showings and open houses: Selling this way usually involves multiple walkthroughs |
| Peace of mind: Agents manage complex tasks, reducing your stress | Commission fees: You’ll need to budget for agent fees (a percentage of the sale price) |
| Legal protection: Assists with disclosures and federal fair housing laws | Uncertainty: There’s no guarantee of a quick sale, and offers can fall through |
»Learn more: Should I Sell to a Home Investor or List With an Agent?
The easy way to find top-rated Memphis agents
Thinking about using an agent? HomeLight’s free Agent Match platform can connect you with Memphis’s best-performing agents based on real transaction data. We analyze over 27 million transactions and thousands of reviews to determine which agent is right for you based on your needs.
Whether you’re planning to request a cash offer or just exploring your options, a skilled Memphis agent can help you make the most of your sale. For a no-obligation consultation with a trusted agent, tell us a little about your selling goals and timeline.
Which cash sale option is right for you?
If speed, convenience, and a no-fuss experience are your top priorities, selling to a vetted Memphis cash buyer through HomeLight’s Simple Sale platform could be the better fit — regardless of whether you’re selling a Midtown bungalow or a fixer-upper near Orange Mound.
If you’re open to investing more time for a potentially higher return — and don’t mind prepping your home for listing — partnering with a top Memphis agent might be the smarter move. Local agents understand what resonates with Memphis buyers.
When you request a Simple Sale offer, you’ll also receive a professional estimate of what your Memphis home could fetch on the open market with an agent, making it easier to weigh your options side by side.
Still asking, “What’s the best way to sell my house for cash in Memphis?” Use our Home Cash Offer Comparison Calculator above to see how your options stack up. Then, request a no-obligation offer or speak with a trusted Memphis expert.
There’s no one-size-fits-all solution, but with the right guidance and market insight, you can feel confident moving forward.
Header Image Source: (isaaclee1112 / Deposit Photos)
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