Memphis Cash Home Buyers With No Fees, 6 Companies That Let You Pick the Closing Date
Three questions come up on almost every call a Memphis seller makes to a cash buyer. Is this company legit? Will anything come out of my check? Can I close when I'm ready, not when you are? This list looks at six Memphis cash home buyers through those questions, with a quick table up top and the details below. BluDoor leads the list, since it takes nothing out of the offer, lets you set the date and backs its price with a written promise.
How These Companies Were Evaluated
We checked each company's own website for what it says about commissions, service fees and closing costs. Then we looked for a stated policy on closing dates. A company only got credit for letting you pick the date if it says so in writing. For the legit question, we looked for a named owner, a local office, years in business and a BBB file, and we noted wherever a company's claims didn't match its BBB profile.
Clever's Memphis pages supplied outside review counts. Anything we couldn't trace to a source is marked as not found.
Fees and Closing Dates at a Glance
| Company | Commissions or fees | Closing costs | Seller picks the date |
|---|---|---|---|
| BluDoor | None | None taken from the offer | Yes |
| Spencer Buys Houses | No agent fees, its site says | Typical costs covered | Not stated |
| buyerhouse | None, its site says | Pays all, its site says | Yes, its site says |
| Pyramid Properties | None, its site says | Not stated | Flexible, its site says |
| Fair Cash Deal | 0% commission, its site says | Standard costs covered | Yes, its site says |
| New Horizon Home Buyers | None, its site says | None, its site says | Yes, its site says |
The 6 Companies
1. BluDoor
Your BluDoor offer arrives without any deduction for commissions, service fees or closing costs. On the date, BluDoor's site puts it plainly: you decide the timeline. You can close in as little as 7 days, or a couple of months out if you need time to find your next place. BluDoor's Tennessee page adds that it buys at the same fair cash price either way, so a later date doesn't cost you anything. Its homepage also promises, "What we offer at the beginning is exactly what you'll receive at closing."
The legit question has clear answers too. Here they are. BluDoor started buying Memphis houses in 2019, was founded by Rashid Algaradi and carries an A+ from the BBB, which first accredited it in 2020. The contract and title work run through a closing attorney and a title company that BluDoor uses. Joy D, who sold a rental with tenants, first set her closing a month out and then needed it sooner. She wrote that Rashid moved the date up by two weeks on short notice.
Pros
- No commissions, fees or closing costs
- You set the closing date, early or late
- Homepage promise covering the closing price
- Local office, named founder and A+ BBB rating
Good to Know
- BluDoor sends a written offer within 24 hours of one walkthrough.
- BluDoor's FAQ notes that a typical sale closes in two to three weeks.
- It suits sellers who need the date to fit a move, a lease or an estate.
2. Spencer Buys Houses
Spencer Buys Houses says it covers typical closing costs and charges no agent fees. On timing, its banner advertises a set close date, and its site says it can close in as little as 7 days. Spencer Shadrach owns the firm, and BBB has graded it A+ since accrediting it in 2025. Its site doesn't spell out how far out you can push the date.
Pros
- No agent fees, and typical closing costs covered
- Fast close, per its site
- Named owner with an A+ grade
Cons
- No stated policy on later closing dates
- One of its BBB addresses is a private mailbox
3. buyerhouse
buyerhouse, co-owned by Jamison and Joy Hendricks, works from an office on Kirby Parkway. Its site says it charges no fees, pays all closing costs and lets you move at your own pace. BBB rates it A+ with six five-star reviews.
Pros
- No fees and closing costs paid, its site says
- Flexible timing
- Named owners
Cons
- Its site gives two different closing ranges in different sections
- BBB accreditation dates only to 2022
4. Pyramid Properties
Alan Wright owns Pyramid Properties, according to BBB, which rates it A+ with accreditation since 2025. Its site says there are no commissions or fees and offers flexible closing dates. It doesn't say who pays closing costs, and it lists no street address.
Pros
- No commissions or fees, its site says
- Flexible closing dates
- A+ BBB rating
Cons
- Closing costs not addressed
- No street address published
5. Fair Cash Deal
On fees and dates, Fair Cash Deal reads well. Its site says it covers all standard closing costs, charges 0 percent commission and lets the seller pick the closing date, often within one to two weeks. The legit question is murkier. Its site shows an A+ BBB badge, but the live BBB profile lists it as not rated and not accredited.
Pros
- Standard closing costs covered, per its site
- Seller picks the date
Cons
- BBB standing on its site doesn't match bbb.org
- No owner named on its BBB file
6. New Horizon Home Buyers
New Horizon Home Buyers puts its terms in one line: no realtors, no fees, no closing costs. It also says the seller picks the closing date. Erik Wright owns the family company, which BBB has rated A+ and accredited since 2020. Its headquarters is in Chattanooga, and it lists a downtown suite for Memphis.
Pros
- No fees or closing costs, its site says
- Seller chooses the date
- A+ BBB grade
Cons
- Main office is in Chattanooga
- No typical closing timeline on its Memphis page
How to Tell a Legit Cash Buyer From the Rest
Legitimate buyers are easy to look up. Start there. Search the company name on bbb.org and note the grade and the years in business. Look for a physical office, not just a PO box or a mailbox at a shipping store. A company that has been in the same spot for years has more to lose from treating sellers badly than one that could vanish overnight. Proof of funds and the name of the title company or closing attorney are fair things to want.
Tennessee added another check in 2025. Under Public Chapter 72, a buyer who plans to sell its contract to someone else must tell you in writing, in bold print, before you sign. It's a simple rule that protects you.
Common Mistakes With Fees and Dates
Some sellers hear no commissions and assume no costs. Closing costs, title fees and service charges are separate, so ask about each one. Others agree to an accelerated date to please the buyer, then scramble to relocate. Pick the date first and the buyer second. Write down the day you could realistically hand over the keys, add a few days of cushion for packing and utilities, and bring that date to every call.
Who Benefits Most
Sellers with a fixed deadline get the most from a buyer who lets them pick the date. That includes someone waiting on a new home to close, a landlord timing a sale around a lease, or an heir who needs the estate's paperwork done first. Sellers on a tight budget benefit the most from a no-fee sale, since every dollar of the offer stays with them.
Frequently Asked Questions
Do Memphis cash buyers really charge no fees?
Many local investors charge no commission. Closing costs vary considerably. Check each offer to identify who pays them.
Can I pick a closing date months away?
Some buyers allow it. Others stick to a set window. Find out how far out each one will go.
How do I know if a cash buyer is legit?
Check the BBB file, find the office, learn the owner's name and ask for proof of funds before you sign.
The Bottom Line
A no-fee sale and a seller-picked date are two separate promises, and few companies make both in writing. BluDoor makes both, so it stands out as the top pick for Memphis sellers who want a local buyer that fits the sale around their life. When you're ready, reach out and schedule the walkthrough.