6 Top We Buy Houses for Cash Companies in Memphis
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Richard Haddad, Executive EditorClose
Richard Haddad Executive EditorRichard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
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Sam Dadofalza, Associate EditorClose
Sam Dadofalza Associate Editor
Sam Dadofalza is an associate editor at HomeLight, where she crafts insightful stories to guide homebuyers and sellers through the intricacies of real estate transactions. She has previously contributed to digital marketing firms and online business publications, honing her skills in creating engaging and informative content.
Maybe you’ve just landed a job in another city and need to leave your home in Whitehaven behind before your new position starts. Or perhaps you’ve inherited a house in Berclair that needs more repairs than you can afford, and the thought of spending months getting it ready to sell feels overwhelming. In situations like these, We Buy Houses Memphis, TN, companies can offer a faster alternative to listing your property on the traditional market.
Many let homeowners sell as-is, which means you may be able to skip costly repairs, repeated showings, and some of the waiting that comes with finding a buyer. But before you accept a cash offer, let’s look at how these companies work, what they typically pay, and how to decide if selling to one makes sense for your situation.
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Popular We Buy Houses for Cash companies in Memphis
Selling a house for cash in Memphis, TN, typically starts with sharing some basic information about your property, including its location, condition, and any repairs it may need. The buyer will use these details to put together an initial offer and may schedule a visit to inspect the home before deciding on a final price. If you accept the offer, a title company can help prepare the closing documents and guide you through the final steps of the sale.
Before settling on a buyer, consider getting quotes from multiple cash-buying companies that operate in Memphis, whether your property is in Hickory Hill, Parkway Village, Frayser, or another local neighborhood. Compare each offer alongside any fees or closing costs you might be responsible for, and ask how long the buyer expects the process to take. This way, you can weigh your options and choose a sale that aligns with your financial needs and timeline.
Ready Door Homes
About
Ready Door Homes, a Memphis-based company led by Jonathan Wiener, specializes in buying houses directly from homeowners, providing an alternative to the traditional selling process. Operating since 2020, the company accepts properties in any condition, helping sellers avoid repairs and delays. Homeowners can also choose their preferred closing date, giving them greater control over the timing of their sale.
Locations: Memphis
Closing costs: Sellers pay no closing costs; Ready Door Homes covers them.
Reviews
Accredited by the Better Business Bureau (BBB) since 2023, Ready Door Homes achieved an A+ grade. On Google, past sellers gave the company a perfect score of 5 out of 5 stars. Most of them commend the team for delivering a stress-free and professional home-selling experience from the first call through closing.
They say that Jonathan was able to complete the sale quickly, while commending his professionalism and responsiveness throughout the process. He earns praise for being readily available to answer questions and provide support whenever needed.
Contact
Website: readydoorhomes.com
Phone: 901-883-0966
Simple Sale (a HomeLight platform)
About
Simple Sale is an online platform by HomeLight that lets sellers in Tennessee (and across the country) request a cash offer for their home. It connects homeowners to one of the largest networks of cash buyers in the U.S.
Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Tennessee.
With the platform, homeowners can get a no-obligation, all-cash offer in 24 hours and sell their homes in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Memphis
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Reviews
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been BBB accredited since 2019 and now holds an impressive A+ rating. The company has 4.7 out of 5 stars on Google based on hundreds of user reviews.
Below, you can hear from Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, about how he closed within three and a half weeks and what he thought of the process overall.
Contact
Website: homelight.com/simple
Phone: 844-488-8455
Buyerhouse
About
Buyerhouse is a locally operated, family-owned business led by husband-and-wife team Jamison and Joy Hendricks, who have over a decade of real estate experience. Rooted in values of integrity, transparency, and family, the company is dedicated to reducing the stress of selling a home by providing straightforward cash offers.
Homeowners can begin the process by submitting a short form or making a quick call. After that, the team conducts a property walkthrough. A cash offer is usually presented within 24 hours, with the flexibility to close in as little as 7 days or on the seller’s preferred timeline.
Locations: Memphis and other Tennessee areas, including Bartlett and Cordova
Closing costs: Sellers pay no closing costs; Buyerhouse covers them.
Reviews
Buyerhouse, accredited by the BBB since 2022, holds an A+ rating. On Google, customers rate the company a near-perfect review score of 4.9 out of 5 stars for its professional home-buying services. Clients consistently praise the staff for its professionalism, friendly service, and streamlined process.
Some share that Jamison was easy to work with, as he offers a fair cash deal. Others praise the team’s communication, noting how their questions were answered promptly and without hesitation.
Contact
Website: buyerhouse.com
Phone: 901-979-9929
New Horizon Homebuyers
About
New Horizon Home Buyers, led by Erik Wright, offers a streamlined alternative for those looking to sell their homes in Chattanooga and nearby cities, including Memphis. The company specializes in purchasing residential properties regardless of condition or the seller’s circumstances.
Sellers can expect a prompt and direct offer within 24 hours of sending property information. The company can close on the seller’s preferred timeline, simplifying the entire process and removing common obstacles tied to traditional home sales.
Locations: Memphis and other Tennessee cities, including Chattanooga, Nashville, Knoxville, and Cleveland
Closing costs: Sellers pay no closing costs; New Horizon Homebuyers covers them.
Reviews
New Horizon Homebuyers has been accredited by the BBB since 2020 and now holds an A+ grade. Its Google Business Profile features a high 4.9-star rating. Clients say selling to New Horizon Homebuyers is a seamless experience, including those with investment properties.
Others praise Erik for being supportive and putting their best interests first throughout the home-selling process. When unexpected title issues threatened to derail the sale, he and his team helped work through each detail and get the deal across the finish line. Their hands-on support and problem-solving skills made a stressful situation easier, allowing the sellers to move forward with confidence.
Contact
Website: newhorizonhomebuyers.com
Phone: 901-202-0512
Peak Offer
About
Peak Offer, established in 2017, is a locally operated home-buying company serving Tennessee homeowners seeking a fast, hassle-free sale. Run by the dedicated couple Zac Vanheyningen and Kali Huynh, the company provides cash offers for homeowners selling distressed properties, including those with fire damage, mold issues, or bad tenants.
The staff prioritizes transparency, clearly explaining how each offer is determined through careful due diligence. Sellers typically receive a fair cash offer within 24 hours and can close in as little as 7 days.
Locations: Throughout Tennessee, including Memphis
Closing costs: Sellers pay no closing costs; Peak Offer covers them.
Reviews
Peak Offer maintains an A+ grade on BBB and a high review score of 4.7 out of 5 stars on Google. Clients speak highly of the team’s persistence, transparency, and commitment to providing the best possible offer.
Some praise Zac for providing compassionate support during emotional home sales, such as selling a parent’s house. They appreciate his guidance, professionalism, and steady communication throughout what can be a difficult process. His dedication has earned him strong recommendations, with clients expressing confidence in Peak Offer.
Contact
Website: peakoffer.co
Phone: 901-799-3453
Fair Cash Deal
About
Fair Cash Deal offers homeowners a more convenient way to sell their properties without the usual complications of a traditional sale. The process starts with sellers sharing basic home information, followed by a property inspection and a no-obligation cash offer.
Under Rashard Alomari’s leadership, the company aims to keep things moving by presenting offers within 24 hours and completing closings in as little as 7 to 14 days. Sellers can also work with the team to set a closing date that fits their schedule, giving them more flexibility as they prepare for their next chapter.
Locations: Throughout Tennessee, including Memphis, Germantown, and Bartlett
Closing costs: Sellers pay no closing costs; Fair Cash Deal covers them.
Reviews
Fair Cash Deal has an average Google rating of 4.8 out of 5 stars, with many praising the team for its fairness, professionalism, and supportive approach. Some describe the experience as smooth and reassuring, even during stressful circumstances.
Others emphasize how the staff goes he extra mile, answering questions patiently and offering assistance with moving, making sellers feel genuinely cared for throughout the process. Some commend specific team members, like Lorin Barrett, who made the experience enjoyable, keeping sellers informed at every stage.
Contact
Website: faircashdeal.com
Phone: 901-531-9917
What can affect a cash offer for a home in Memphis?
Memphis homes can come with a few local quirks that affect what an investor is willing to pay. From older houses that may need lead-safe repairs to properties with drainage concerns, these details can change a buyer’s budget. Here are Memphis-specific factors that may influence your cash offer:
- Older homes and potential lead-paint issues: The City of Memphis identifies 176,139 homes built between 1940 and 1979, and homes built before the federal lead-paint ban in 1978 may contain lead-based paint. Investors may need to budget for updates to aging systems or lead-safe work if renovations disturb lead paint. However, a home’s age alone doesn’t mean it contains lead or needs major repairs
- Existing housing-condition problems: Over 3,000 occupied housing units lacked complete kitchen or plumbing facilities. Investors buying homes with similar problems may need to spend more on plumbing, kitchen renovations, and other work before reselling or renting them. These figures describe the city’s housing stock overall, so a property inspection is needed to determine what a specific home requires.
- Flood risk: Since Memphis sits near the Mississippi River and nearby waterways, some homes may be more prone to flooding, especially in low-lying areas. Investors will look at whether a property is in a flood zone, has drainage problems or a history of water damage, and could come with higher insurance costs before deciding how much to offer.
Before accepting an offer, consider how these factors could affect your home’s value and the buyer’s renovation budget. It’s worth getting more than one offer and comparing the proposed price, fees, and closing timeline.
Keep in mind that house-buying companies pay less than a home’s potential market value in many cases because they account for repairs, holding costs, and resale risk. Understanding the pros and cons of working with a cash buyer can help you decide whether the convenience of a faster, as-is sale is worth the potential difference in price.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Other options to sell your home quickly
Working with iBuyers
Instant buyers, or iBuyers, use automated valuation models (AVMs) to analyze property details and market data, helping them make quick offers with minimal hassle. These firms typically buy homes in good condition with all-cash offers and aim to close quickly, often offering around 90% of a home’s market value.
For homeowners in Memphis neighborhoods like Frayser, Raleigh, and Binghampton, iBuyers may be an option if the property meets their eligibility requirements. However, major companies like Opendoor and Offerpad have typically charged service fees of around 5% to 6% of the sale price, though current terms vary. iBuyers may suit sellers who want a fast, mostly online sale, provided their home qualifies and the net proceeds make sense.
Listing with an agent
Working with a top real estate agent in Memphis can help you sell quickly, especially in a seller-friendly market, through strategic pricing and effective marketing. Selling on the open market may also help you get a higher price, with HomeLight data showing that the top 5% of agents sell homes for up to 10% more than average agents.
Whether your property is in Midtown, East Memphis, or another Memphis neighborhood, an agent can prepare a comparative market analysis (CMA) to estimate its value and recommend a listing price. A knowledgeable agent may also connect you with cash buyers willing to make competitive offers. Many agents provide a CMA for free, giving you a clearer picture of your options before deciding how to sell.
If you want to explore this option, HomeLight can connect you with a top-performing agent in Memphis.
»Learn more: Not sure whether to fix up your home with an agent or sell it as-is to a cash buyer? Try our Home Cash Offer Comparison Calculator to compare potential offers and see which option could put more money in your pocket.
Final thoughts on We Buy Houses in Memphis
If you need to sell your Memphis home quickly, a cash buyer could be a practical alternative to listing it on the market. This route may make sense if you’re relocating for work, dealing with an older property in Hickory Hill that needs major repairs, or hoping to skip the cleaning, staging, and showings that come with a traditional sale.
However, a faster closing doesn’t guarantee the best price, since investors consider your home’s condition, location, and estimated repair costs when making an offer. Before committing, request offers from several cash buyers and compare what you’d likely take home from each sale with the net proceeds from a traditional listing after repairs, agent fees, and closing costs.
Weighing the numbers can help you decide whether a quicker, more convenient sale is worth the potential difference in price. To explore your options, try HomeLight’s Simple Sale to connect with cash buyers or use the HomeLight Home Value Estimator to get an initial idea of what your Memphis property may be worth.
Editor’s note: This post is for educational purposes only. Links to and mentions of Memphis area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Gabriel Tovar / Unsplash)
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