We Buy Houses for Cash Memphis, 6 Local Investors Worth Calling First

You don't need to call ten companies. Most Memphis sellers who go the cash route talk to two or three companies, compare the written offers side by side and pick the one that feels right. The hard part is knowing which two or three deserve the first calls. This list names six local investors that buy houses for cash in Memphis and explains what you'll hear from each. BluDoor belongs at the top of your call list, and the reasons start with a promise it prints on its homepage about the price.

How These Companies Were Evaluated

We ranked these companies on what makes a first call worth your time. Does the company tell you up front how it sets its price? Will you get the offer in writing, and how soon? What fees come out, and who pays closing costs? Is there a real person in charge, with a name and an office you can find? We read each company's website and BBB profile, and we used Clever's Memphis pages for outside review counts.

A company with thin public details isn't necessarily a bad company. It just gives you more homework before you can trust the number, because you'll have to get the owner's name, the office address and the fee terms on your own.

Questions for Your First Call

Keep the first call short and specific. Start with how many visits the buyer needs and when a written offer will follow. Find out who pays closing costs and whether any fee comes out of the price. Ask if you can choose the closing date, and whether you can leave furniture and other items behind. Then ask who handles the closing paperwork and whether proof of funds is available. Those few answers tell you most of what you need.

The 6 Investors

1. BluDoor

BluDoor answers those questions on its own site. It needs one walkthrough. A day later at most, a written cash offer arrives, and you're under no obligation to accept. BluDoor publishes a promise that the number it offers at the beginning is exactly what you'll receive at closing. No commissions, fees or closing costs come out. It buys with its own cash and closes through a closing attorney and a title company, and it'll share proof of funds, past closings and seller references when you ask.

Rashid Algaradi founded BluDoor, which opened its doors in Memphis in 2019. Its Better Business Bureau grade is an A+. Sellers often mention Kelton Stacks, Mario Franklin and Ty by name. One seller, William Dillon, wrote that he "loved the way they did what they said they were going to do." Another, Jill, called around and wrote that BluDoor helped her family "get the fairest price out of all the other companies we called."

Pros

Clear answers on price, fees and timing from the start
A published promise that you receive at closing what it offers at the start
Proof of funds and references on request
Seller picks the closing date, from about a week out to a couple of months

Good to Know

You can reach BluDoor at (901) 610-5815, seven days a week.
BluDoor does most of its buying in Memphis and around Shelby County.
It fits sellers who want a firm number before they commit to anything.

2. Spencer Buys Houses

Spencer Buys Houses gives you a lot to work with on a first call. Its site says you'll get an offer within 24 hours, a close in as little as 7 days and typical closing costs covered. Spencer Shadrach owns it, and BBB has graded it A+ since accrediting it in 2025. Third-party counts on Clever put its Google score at 4.9 over 115 reviews.

Pros

Clear speed and cost terms on its site
Named owner and an A+ BBB grade
Buys rentals with tenants in place

Cons

One BBB address is a private mailbox
Its own count of 500+ reviews runs far above third-party totals

3. buyerhouse

Call buyerhouse and you'll likely be talking to a family business. Jamison and Joy Hendricks co-own it, with Natalie Greene running the office on Kirby Parkway, per BBB. The site promises a walkthrough within 48 hours and an offer within 24, with all closing costs paid. Its BBB page carries an A+ and six reviews, all perfect scores.

Pros

Named owners and office staff
Pays closing costs, its site says
Takes houses in any condition

Cons

Its site claims a 2012 start, while BBB says 2021
Closing time varies between pages of its site

4. Fair Cash Deal

HomeLight says Rashard Alomari leads Fair Cash Deal, which lists an office on Poplar Avenue. The BBB file starts in 2016 and carries 13 reviews, all five stars. Its site says it covers standard closing costs and lets you choose the date. That same site claims an A+, yet bbb.org currently lists it as unrated and unaccredited.

Pros

Long run in Memphis
Good BBB review average
Seller picks the date

Cons

BBB grade on its site doesn't match bbb.org
BBB address is a PO box in Cordova

5. MemFixerUpper

Mike Stansbury started MemFixerUpper in 2015, and it's still family owned. The office is in Bartlett. BBB rates it A+, with accreditation since 2017. Its site promises an offer within 24 hours, cleanup help and a closing on your schedule, and it will take homes with tenants still living in them.

Pros

Long BBB accreditation
Named owners
Helps with cleanup

Cons

Its FAQ says it often pays closing costs, so confirm on your offer
Spread across four counties in two states

6. New Horizon Home Buyers

New Horizon Home Buyers runs its Memphis buying from a Chattanooga headquarters, though its Memphis page lists a suite on B.B. King Boulevard. Erik Wright owns the family company. The BBB grade is A+, and accreditation dates to 2020. Its site says it charges no fees, pays closing costs and lets you pick the closing date.

Pros

A+ BBB grade with six years of accreditation
No fees or closing costs, per its site

Cons

Main office is in Chattanooga
BBB lists Chattanooga phone numbers, not the Memphis one

Common Mistakes When Calling Cash Buyers

Many sellers give their address to a dozen websites at once. The calls and texts that follow can be hard to sort, and the loudest caller isn't always the best buyer. Pick your two or three, call them yourself and keep notes on what each company promised, including the offer amount, the closing date and any conditions attached.

Some sellers also accept a number over the phone. A real offer should come in writing, after someone has seen the house. Anything before that is an estimate made without seeing the kitchen or the roof.

Who Should Call a Cash Buyer First

Every property is different, and so is every seller's situation. An inherited house with an unresolved estate calls for someone who understands probate paperwork. If you own a rental, look for a company that'll respect the existing lease. Foundation or electrical problems are another matter, since you'll want repairs priced honestly instead of padded.

Calling a cash buyer first makes sense if your house needs repairs, has tenants or came to you through an estate. It also makes sense if you're behind on payments and want to sell before a foreclosure sale is set. A cash offer gives you a floor to compare against, even if you end up listing. If your home in East Memphis is ready to show and you have time, talk to an agent too, and weigh both numbers.

Frequently Asked Questions

How many cash buyers should I call?

Two or three is usually enough to see the range. More than that tends to slow you down.

Is it free to get a cash offer?

Yes. Local investors don't charge to look at your house or to make an offer.

Do I have to accept the offer?

No. A no-obligation offer means you can walk away at any point before closing without owing anything.

What should I have ready before I call?

Know your rough mortgage balance, any repairs the house needs and when you'd like to move. That's enough for a first call.

The Bottom Line

The first call sets the bar for every call after it. BluDoor stands out as the best first call for Memphis sellers who want a written cash offer backed by a published promise about the price. Call when it suits you, and set up the one walkthrough it takes to get your number.