Best Way to Sell Your House for Cash in Memphis: 8 Options Compared

There is no single best way to sell a house for cash in Memphis. The right choice depends on how fast you need to close, what condition the house is in, and whether you want to work with one buyer or shop around. Some paths pay you more but take months. Others close in a week.

This guide ranks eight ways to sell your Memphis house fast, and it names the actual cash buyers active in the metro so you can compare them side by side. For more detail on the numbers behind cash offers, see our guide on how much cash buyers pay in Tennessee.

How the Options Compare at a Glance

Cash routes close in days to a few weeks. Listing with an agent can net more but usually runs a month or two. Here is how the main approaches stack up on typical time to close in Memphis.

Figures below are illustrative and vary by property and condition. Company details are as of publication.

1. Propcash: Direct Cash Homebuyer (Best Overall)

For most Memphis sellers who want speed and certainty without repairs or fees, selling directly to a cash homebuyer is the best fit. You work with the buyer directly, from the first call to closing, and the offer is based on local market data with the reasoning shown to you.

How It Works

1. Submit your property details, which takes about 2 minutes.
2. Propcash reviews recent Memphis sales and your home's condition.
3. You get a cash offer, with an explanation of how we reached the number.
4. You take your time to decide. The offer stands, with no countdown clock.
5. Close at a title company on the date you choose.

Pros

• No fees or commissions: Free for sellers, with no closing costs charged to you.
• Sell as-is: No repairs, no cleaning, no showings.
• Fast and certain: Close in as few as 7 days, or later if that suits you.
• Transparent pricing: The offer is based on local market data, and we show you how we got there.
• No pressure: The offer does not expire in 24 hours, and there are no follow-up calls unless you want them.

Cons

• A cash price is below full retail value, which is the tradeoff for speed and skipping repairs and fees.
• It is not the right move for every seller. If you have time and the house shows well, an agent may net you more.

Best for: Owners who want a fast, as-is sale with a clear number and no surprises.

Or call (615) 552-4296 to speak with the Propcash team about Memphis.

2. National iBuyers and Franchises (Opendoor, Offerpad, HomeVestors)

The national brands buy in almost every metro, Memphis included, so they belong in one section rather than three. They are worth a quote if your home is newer and in good shape, or if you want a recognized national name. As of publication, here is how the three compare.

• Opendoor is a national iBuyer that uses software to make quick cash offers and operates in the Memphis metro. It suits newer, well-maintained homes where a fast, mostly online sale is the priority. A service fee of roughly 5 percent comes out of your proceeds, and the number can be adjusted after the home assessment.
• Offerpad is another national iBuyer available in the Memphis area. It works much like Opendoor, with a quick software-based offer and some added flexibility on move-out timing. Expect a service fee in the 5 to 7 percent range, and repair costs can be deducted from the final offer.
• HomeVestors, known for the We Buy Ugly Houses brand, is a national cash-offer franchise with independently owned offices, including in the Memphis area. Local franchisees buy houses in any condition for cash, and terms depend on the individual owner you reach.

Pros

• Recognized names: Long-running national brands with standardized processes.
• iBuyer convenience: Opendoor and Offerpad start online with a quick offer.
• Any condition option: HomeVestors franchisees buy homes that need major work.

Cons

• Fees or lower offers: iBuyers charge 5 to 7 percent; the franchise route often pays under a data-based number.
• Condition limits: Opendoor and Offerpad favor homes that need little work, and many older Memphis homes do not qualify.
• Offer can change: iBuyer numbers may be reduced after the assessment.

Best for: Sellers who want a national name, either an online iBuyer quote for a newer home or a franchise buyer for one that needs work. Details are as of publication, so verify current terms.

3. Fair Cash Deal (Local)

Fair Cash Deal is a Memphis and Mid-South cash buyer based in Cordova that has bought houses in the area since 2016. As of publication it is BBB accredited with an A-plus rating and makes all-cash offers on homes in as-is condition.

Pros

• Established locally: A track record in the Memphis market since 2016.
• As-is: Buys homes that need repairs, with no seller fees.
• Fast close: Can close in as little as 7 days.

Cons

• One buyer, one offer: No second opinion unless you shop around.
• Below retail: As with any quick cash sale, the price sits under market value.

Best for: Sellers who prefer an established local company over a national brand.

4. Buyerhouse (Local)

Buyerhouse is a family-owned Memphis cash buyer run by a husband-and-wife team, with an office on Kirby Parkway. As of publication it is BBB accredited with an A-plus rating and no complaints on file. It buys houses as-is for cash with no repairs required and closes on a timeline you choose.

Pros

• Family-run and local: You work directly with the owners, no middle layer.
• Clean BBB record: A-plus rating with no complaints on file as of publication.
• As-is: No repairs, cleaning, or showings.

Cons

• Smaller operation: Availability can depend on current volume.
• Below retail: A cash price, like the others here.

Best for: Sellers who value a personal, family-run process and a clean local record.

5. Your Town Buyers (Local)

Your Town Buyers is a Memphis-area cash buyer, founded by Michael Johnson and Koby Drake, that purchases homes across Shelby County and into North Mississippi. As of publication it is BBB accredited with an A rating and advertises a strong record of five-star customer reviews. It buys houses as-is with no fees or commissions and can close in as little as 7 days.

Pros

• Wide local reach: Buys across Shelby County and into North Mississippi.
• Fast close: Can close in as few as 7 days.
• As-is: No repairs and no seller fees.

Cons

• Single offer: One quote, so it helps to compare terms elsewhere.
• Below retail: A cash price sits under full market value.

Best for: Sellers in Shelby County or the North Mississippi suburbs who want a quick as-is close.

6. New Horizon Home Buyers (Regional)

New Horizon Home Buyers is a family-owned Tennessee cash buyer that works statewide, with a Memphis office plus locations in Nashville, Chattanooga, and Knoxville. As of publication it buys homes as-is for cash, charges no seller fees, and covers closing costs. Because it operates across the state, it is more of a regional buyer than a Memphis-only company.

Pros

• Covers closing costs: No agent commissions and no seller fees.
• Family-owned: You work directly with the buyer, no agents involved.
• As-is: Buys homes in poor condition or facing foreclosure.

Cons

• Regional, not Memphis-only: Its focus is spread across several Tennessee metros.
• Below retail: A cash price, like the other quick-sale buyers here.

Best for: Sellers who want a well-established regional buyer that covers closing costs.

7. MemFixerUpper (Local)

MemFixerUpper is a local Memphis cash buyer that purchases homes as-is across the metro. As of publication it makes a cash offer within about a day, charges no fees, and lets you pick the closing date.

Pros

• Fast offer: A cash offer within about a day.
• Flexible closing: You choose the closing date.
• As-is: Buys homes in any condition with no fees.

Cons

• Smaller local buyer: Less of a public track record than the longer-established names here, so ask for references.
• Below retail: A cash price sits under market value.

Best for: Sellers who want a simple, direct as-is sale to a local buyer.

8. List With a Top Memphis Agent

If your house shows well and you can wait a month or two, listing with a strong local agent usually nets the most money, even after commission. This is the honest counterpoint to every cash option above.

Pros

• Highest typical proceeds: Retail buyers pay more than cash buyers.
• Professional guidance: The agent handles pricing, marketing, and paperwork.
• Wide reach: The MLS reaches both cash and financed buyers.

Cons

• Commission: You pay 5 to 6 percent in agent fees.
• Slower: Memphis homes now take a median 58 days to sell (Redfin, March 2026).
• Prep and showings: Repairs, staging, and strangers walking through.

Best for: Sellers with a move-in-ready home, time to wait, and a goal of maximum proceeds.

How to Choose the Right Option for Your Memphis Home

The best option depends on your situation. Ask yourself these questions.

How Fast Do You Need to Close?

• About a week, with a clear number: A direct cash homebuyer like Propcash.
• A couple of weeks, condition is rough: A local cash buyer or a national franchise like HomeVestors.
• You can wait a month or more: An iBuyer or a top agent.

What Condition Is Your Property In?

• Needs major repairs: Propcash, a local cash buyer, or a national franchise.
• Newer and move-in ready: An iBuyer or an agent becomes viable.

What Are Your Priorities on Price?

• Highest possible proceeds and you have time: List with a top agent.
• A fair number without repairs or fees: A direct cash homebuyer.
• Speed above all: Compare two or three cash buyers and pick the best terms.

Frequently Asked Questions

What is the best way to sell my Memphis house for cash?

For most Memphis sellers who want a fast, as-is sale, the best way is selling directly to a cash homebuyer like Propcash. You work with the buyer directly, pay no fees or commissions, and get an offer based on local market data. National iBuyers and franchises like Opendoor, Offerpad, and HomeVestors, plus established local cash buyers such as Fair Cash Deal and Buyerhouse, are solid alternatives worth comparing.

Who are the main cash home buyers in Memphis?

Memphis sellers can choose from several types of cash buyer. Propcash is a direct cash homebuyer. Opendoor and Offerpad are national iBuyers, and HomeVestors, known for its We Buy Ugly Houses brand, is a national franchise. Fair Cash Deal, Buyerhouse, Your Town Buyers, New Horizon Home Buyers, and MemFixerUpper are established local or regional cash buyers serving the Memphis area. Details are as of publication, so verify current terms and reviews before you choose.

How much do cash buyers pay in Memphis?

A single quick-sale company often pays 60 to 75 percent of a home's value, while a direct cash homebuyer that prices from local Memphis market data typically lands higher. Getting more than one offer and reviewing the full terms, not just the price, is the best way to judge whether a cash offer is fair.

Do I have to pay taxes when I sell my Memphis house for cash?

Tennessee has no state income tax, so you will not owe the state anything on the sale. Federal capital gains tax may apply if you have lived in the home less than 2 of the past 5 years or if your profit exceeds 250,000 dollars (single) or 500,000 dollars (married). Consult a tax professional for your specific situation.

What if my Memphis house needs major repairs?

Cash buyers purchase homes as-is, regardless of condition. Roof damage, foundation issues, outdated kitchens, and deferred maintenance are common. Older homes in areas like Frayser, Raleigh, and Whitehaven that need significant work are often better suited to a cash sale than a retail listing.

Can I sell my Memphis house if I am behind on the mortgage?

Yes. A cash buyer can work with your lender and pay off the mortgage at closing. If you owe more than the home is worth, you may need to pursue a short sale, where the lender agrees to accept less than the balance owed.

Disclosure: Propcash publishes this guide and is one of the options ranked above. We ranked the options by speed, fees, certainty, and control for a seller who wants a fast, as-is cash sale, and we note where listing with an agent may net more. Company details are as of publication; verify current terms and reviews before choosing.