How to find cash home buyers in Memphis

Looking to sell your home fast and easily? Cash buyers can be a great option. Here are a few ways to find trusted cash home buyers in Memphis who may be willing to make a fair offer on your property.

Work with a reputable local real estate agent

• Agent connections: Real estate agents often have established relationships with cash buyers who are ready to purchase homes.
• Time-saving: Partnering with an agent-recommended buyer can save you the trouble of researching and vetting potential buyers.
• Expert help: If you don’t have an agent, HomeLight can connect you with top agents in your area to help streamline the process.
• Understanding costs: Agents can explain real estate commissions and other fees involved, ensuring transparency.

Focus on investors rather than owner-occupiers

• Institutional buyers: Memphis has a notable presence of institutional buyers, including companies and LLCs that buy houses for cash.
• Attracting attention: List your property on investment websites or attend real estate investing events to catch the eye of potential buyers.
• We Buy Houses: Searching online for “We Buy Houses for Cash” companies can also yield results. Be aware that house flippers often adhere to the 70% rule, offering 70% of your home’s value minus repair costs.

Do your due diligence

• Research: It’s vital to vet cash-for-homes companies to ensure they are legitimate.
• Verification: Use the Better Business Bureau to check the credibility of these companies.
• Reviews: Read reviews on Google, Yelp, Facebook, and Trustpilot to gauge the company’s reputation.
• Track record: Verify licenses and customer referrals to ensure you’re working with a reliable buyer.

Before signing an offer, ask for proof of funds

• Proof of funds: Ensure the buyer can provide documentation showing they have the cash needed to complete the purchase.
• Red flags: If a buyer is unwilling to provide proof, consider it a warning sign and look for more trustworthy buyers.