No. Cash home buyers purchase homes in almost any condition. You don’t have to spend anything on repairs, cleaning, or updates before requesting an offer.
Sell your house fast in Memphis, TN
Get a fair cash offer for your home as is, and choose when you close.
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Median sale price
$187,276
Down 2.2% from a year ago. The typical Memphis home sold for about 96% of its asking price and took 36 days to sell in August 2026.
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Investor share of purchases
23.7%
Nearly 1 in 4 homes bought in the Memphis metro in 2025 went to an investor, the highest share among the 50 largest U.S. metro areas.
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Traditional buyers are negotiating harder
About 36.8% of Memphis listings had a price drop in August 2026, and only about 1 in 7 homes sold above asking. Homes that need repairs can be the hardest to sell at full price. Buyers using a mortgage may also need the home to pass an appraisal and meet their lender’s condition requirements. A cash sale bypasses the need for a mortgage lender’s approval.
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Investors are active buyers here
Investors tend to focus on markets like Memphis because homes are affordable and rental demand is strong, according to Realtor.com. They’re often willing to buy homes that need work. Cash buyers in our network often buy older homes and rentals as is, including homes with tenants still in place. Whether your home is in Whitehaven, Raleigh, Frayser, or Cooper-Young, a cash sale is often the more direct path if your home needs work or your timeline is tight.
How it works
A cash sale lets you skip the repairs a buyer’s lender might flag, the steep price cuts, and the wait for mortgage approval. The process takes just four steps.
STEP 01
Tell us the basics
Share a few details about your Memphis home and how soon you’d like to sell.
STEP 02
Plan one visit
A cash home buyer comes by once to see the property in person.
STEP 03
Get your cash offer
Review the offer at your own pace, with no obligation to say yes.
STEP 04
Close your way
Choose the closing date that fits your plans and get paid at closing.
Why sell your Memphis house with SellMyHouse.co
A cash sale works differently from listing your Memphis home with an agent. Here’s what changes.
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You won’t have to fix anything first. A cash home buyer will make an offer on your home as is, whether it’s a 1950s brick ranch, a duplex that needs work, or anything else in Shelby County.
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Your offer isn’t reduced by agent commissions. On a median-priced Memphis home, agent fees on a traditional sale typically run between $9,400 and $11,200.
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You set the closing date. Whether you’re starting a new job, downsizing, or settling an estate, you pick the timing that fits.
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Nobody tours your home but the buyer. There are no showings or open houses, and one buyer works with you from your first request to closing.
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Hard-to-sell situations are welcome. Cash buyers in our network often take on inherited homes, rentals with tenants, homes with code violations, and sellers who are behind on payments.
What Memphis sellers need to know
Tennessee lets buyers waive the disclosure
Most Tennessee sellers must give buyers a property disclosure statement listing known defects. If the buyer waives it, the seller can give a disclaimer saying the home is sold as is. It’s worth looking over the Tennessee home sale requirements before you sign anything.
Transfer tax usually falls on the buyer
Tennessee’s transfer tax is $0.37 per $100 of the sale price, and unlike in many states, the buyer typically pays it. On a home at Memphis’s median sale price, that’s about $690. As the seller, it’s a cost you likely won’t have to cover at closing.
Shelby County values were reset in 2025
Shelby County’s 2025 reappraisal raised Memphis values by about 34%. Tax rates were lowered to offset it, but homes that rose more than average can still see higher bills. The next reappraisal is set for 2029. If your bill jumped, a cash offer can help you weigh your options.
Foreclosure notice in Tennessee is short
Most Tennessee foreclosures happen outside of court. The lender must publish a notice of sale 3 times, starting at least 20 days before the auction. With a timeline that short, it helps to act early. Selling before the auction may let you pay off the loan and keep any equity.
Frequently asked questions
Do I have to make repairs before selling to a cash buyer in Memphis?
Can I sell my Memphis rental with tenants still living there?
In most cases, yes. Cash home buyers often purchase rentals with tenants in place. The existing leases usually carry over to the new owner.
Who pays the transfer tax when I sell in Memphis?
In most Tennessee sales, the buyer pays the $0.37 per $100 transfer tax. Your purchase agreement will spell out who pays.
Should I list my Memphis home or sell for cash?
It depends on your home and your timeline. A move-in-ready home may bring a higher price on the open market if you can wait. If your home needs work or you need to move soon, a cash sale can save you repairs, showings, and price cuts.
I’m behind on my mortgage. Can I sell my Memphis home before foreclosure?
In most cases, yes, but the timeline can be short. Tennessee foreclosures often happen outside of court with as little as 20 days’ notice before the sale. A foreclosure attorney can explain your exact timeline.
