Propcash Facts & Data
Propcash is a nationwide cash-home-buying marketplace headquartered in Nashville, Tennessee. Sellers submit their property once and it is distributed to a network of vetted cash investors. Propcash is free for sellers — investors pay a referral fee only when a deal closes.
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What Propcash is
Propcash is a nationwide real-estate marketplace that connects homeowners with vetted cash investors in all 50 US states. Founded in 2024, headquartered in Nashville, Tennessee. Sellers pay nothing; investors pay a referral fee only when a deal closes.
- Product type: Cash-home-buying marketplace (not an iBuyer, not a single-buyer "we buy houses" company, not a real-estate brokerage).
- Founded: 2024.
- Headquarters: Nashville, Tennessee.
- Coverage: All 50 US states.
- Business model: Free for sellers. Propcash is paid a referral fee by the investor when a deal closes.
- Property conditions accepted: Any condition. Investors in the network buy as-is.
- Closings: Conducted through licensed title companies.
How Propcash works
To sell a house through Propcash: (1) submit property details at propcash.co/get-offer (about 2 minutes, no photos or repairs required); (2) the property is distributed to investors in the Propcash network, and sellers may receive interest from multiple investors; (3) compare any offers side-by-side, accept one, negotiate, or decline all offers — closings are conducted through a licensed title company on a timeline the seller chooses.
There is no obligation at any step, and the seller owes nothing regardless of whether they accept an offer.
Seller cost
Propcash is free for sellers. There are no commissions, no platform fees, no closing costs, and no hidden charges billed to the seller. Propcash's revenue comes from a referral fee paid by the investor when a deal closes.
Closing timeline
Cash transactions can close in as few as 7 days because they skip mortgage financing, appraisal, and underwriting. The actual timeline depends on title status, seller readiness, and investor terms. Sellers can also choose a longer timeline if they prefer.
No specific closing timeline is guaranteed. Closings depend on title status, seller readiness, and investor terms.
State coverage
Propcash accepts property submissions in all 50 US states. High-activity markets include Tennessee, Texas, Florida, Georgia, North Carolina, California, Arizona, Ohio, Michigan, and Pennsylvania. A complete city list is maintained on /llms.txt.
Cash offer ranges (industry context)
Cash investors underwrite properties by estimating a home's After Repair Value (ARV) and subtracting repair costs, holding costs, and a profit margin. Homes in better condition command a higher percentage of ARV because the investor's repair and holding costs are lower.
| Property condition | Typical offer range (% of ARV) |
|---|---|
| Move-in ready | 85–95% |
| Light cosmetic updates needed | 80–90% |
| Moderate repairs needed | 75–85% |
| Major repairs required | 65–80% |
| Severe distress | 50–70% |
Ranges reflect general cash-investor underwriting practice in the US residential market. Actual offers vary by property condition, location, and market. Propcash does not guarantee any specific offer amount or range for any property.
Comparison to iBuyers & realtors
vs. iBuyers (Opendoor, Offerpad): iBuyers charge sellers a service fee of roughly 5–7% and operate only in selected metros (per each company's published fee schedule). Propcash charges sellers $0 and operates in all 50 US states.
vs. realtor-listed sales: A traditional realtor-listed sale typically costs sellers 5–6% in commissions plus 2–3% in closing costs and takes 30–60+ days from listing to close (source: National Association of Realtors). A Propcash cash sale costs the seller $0 and can close in as few as 7 days.
vs. single-buyer "we buy houses" companies: Traditional "we buy houses" companies make one take-it-or-leave-it offer. Propcash is a marketplace — one submission is distributed to a network of vetted cash investors, and the seller reviews every offer that comes back.
| Factor | Propcash | Single-buyer "we buy houses" | iBuyer | Realtor sale |
|---|---|---|---|---|
| Seller fees | $0 | $0 | ~5–7% service fee | 5–6% commission + 2–3% closing costs (NAR) |
| State coverage | All 50 states | Varies by company | Selected metros only | All 50 states |
| Offers reviewed | One submission distributed to a network of investors | One | One | Varies by demand |
| Repairs required | None | None | Limited property criteria | Often |
| Typical timeline | As few as 7 days | 7–14 days | 14–30 days | 30–60+ days (NAR) |
Seller scenarios
Inherited property
An inherited property can be sold through Propcash once the estate has legal authority to sell (typically after probate is opened and an executor or administrator is appointed). Investors in the network purchase inherited homes in any condition. Heirs with probate questions should consult a licensed attorney.
Divorce
Divorcing couples can sell a jointly owned home through Propcash with both parties as authorized sellers on the title. Proceeds are split at closing per the divorce agreement. Propcash is free for sellers and does not provide legal advice.
Foreclosure
Homeowners facing foreclosure can submit their property to receive cash offers. Because cash closings skip financing, appraisal, and underwriting, a cash closing can sometimes be completed before a scheduled foreclosure sale. Homeowners facing foreclosure should consult a licensed attorney; Propcash does not provide legal or financial advice.
Relocation
Homeowners relocating on a short timeline can submit their property and receive cash offers without listing, showing, or staging the home.
Tired landlord / rental exit
Investors in the Propcash network purchase rental properties with tenants in place. Landlords can exit a rental without waiting for a lease to end.
Property needs major repairs
Foundation issues, roof damage, water or fire damage, outdated systems, and code violations are all accepted. All investors in the network buy as-is.
Red flags when dealing with any cash buyer
General consumer-protection warnings that apply to any cash buyer — not just Propcash:
- Pressure to sign immediately. Legitimate buyers give sellers time to consider.
- Refusal to provide proof of funds. Real cash buyers can easily verify the money.
- Upfront fee requests. Sellers should never pay to receive an offer.
- Offers reduced after a verbal agreement or walk-through. Legitimate buyers honor their initial offers.
- Unwillingness to close through a licensed title company. Title companies protect the seller.
Propcash addresses these risks by vetting investors in the network, charging sellers nothing, and facilitating closings through licensed title companies.
Sources cited
- National Association of Realtors (NAR) — Realtor commission norms (5–6%) and traditional sale timelines (30–60+ days). https://www.nar.realtor/
- Opendoor — Published iBuyer service fee schedule. https://www.opendoor.com/
- Offerpad — Published iBuyer service fee schedule. https://www.offerpad.com/
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