Selling your home in Memphis in 2025 can be easy with expert guidance and the right steps. At Spencer Buys Houses, we make selling fast, fair, and simple for homeowners in Memphis. Whether you are moving, downsizing, or need quick cash, we are here to help. Memphis home prices rose 1.8% in November 2024 to an average of $170,000, making it now a good time to sell. Follow these eight easy steps to sell your Memphis home with support from Spencer Buys Houses.
Step 1: Find Out Your Home’s Value
Before selling your house, it is important to know the current price of your house. In March 2025, the average home price in Memphis was $205,000, up 9.0% from the month before. At Spencer Buys Houses, we give you a free cash offer in 24 hours, based on your home’s condition and the local market.
Step 2: Know What’s Happening in the Memphis Market
Before putting your house on the market, it is important to understand what is happening in Memphis. According to Zillow (late 2024), the average home price in Memphis is about $179,000, which has gone up by 7% in the past year. This means more people are buying homes, which is good news for sellers. But things like interest rates and the economy can still affect how fast your house sells. Keep an eye on these trends to make smart decisions.
Step 3: Pick a Selling Method
There are three ways to sell your house in Memphis. With a realtor, by yourself (called FSBO), or to a cash buyer like Spencer Buys Houses. Selling to us means no repairs, no fees, and a quick sale. In March 2025, Memphis had 2,985 homes for sale, up 14.8% from February, so a cash sale helps you move faster.
Step 4: How Do I Sell My House by Owner in Tennessee?
Selling your house by yourself in Tennessee can save you realtor fees, which are 5–6% of the sale price (about $10,200 on a $170,000 home). Here’s how:
- Price Correctly: Check similar home sales or get a valuation.
- List on the MLS: Pay for a flat-fee service to get on sites like Realtor.com.
- Show Your Home: Plan open houses or tours, keeping safety in mind.
- Review Offers: Look at cash offers and terms, maybe with a lawyer ($150–$500/hour).
- Close the Sale: Sign papers like title deeds with legal help. FSBO takes work, but Spencer Buys Houses makes it easy with no fees, no repairs, and closings in as little as 7 days.
Step 5: Choose an Offer
Look at offers based on price, terms, and closing dates. In January 2025, only 13.8% of Memphis homes sold above the asking price, so buyers have more choices. Spencer Buys Houses gives you a clear cash offer, avoiding back-and-forth and ensuring you know what you’ll get.
Step 6: Negotiate Offers Wisely
When offers come in, review them carefully. Look at more than just the price, check for things like contingencies, closing dates, and financing terms. Sometimes a lower offer with better terms is a smarter choice than a higher one with strings attached. Don’t be afraid to negotiate if needed. If you work with Spencer Buys Houses, you’ll get a straightforward cash offer, avoiding a lot of the back-and-forth.
Step 7: Close the Sale
Closing means signing papers like title deeds and escrow forms. Sellers in Tennessee pay 8–10% in closing costs, like taxes and lawyer fees. After signing, you get your money, and the sale is complete.
What Is the Hardest Month to Sell a House?
February is the hardest month to sell in Tennessee. Homes stay on the market longer, about 78 days in February 2025, and sales dropped 4.0% to 5,675 homes. June is the best month, with homes selling for $22,397 more than the yearly average and taking only 45–47 days. Try to sell in spring or summer for better results. But Spencer Buys Houses buys homes any time, so you can sell fast no matter the month.
Why Prefer Spencer Buys Houses?
At Spencer Buys Houses, we make selling your Memphis home easy. We buy houses in any condition and give you a fair cash offer with no hidden fees or commissions. Our process is quick, and you can close in as little as seven days. Whether you’re facing foreclosure, need to move fast, or just don’t want the hassle of selling traditionally, we’re here to help.
Final Thoughts
Selling your Memphis home doesn’t have to be complicated. Follow these seven steps, and you will be on your way to a successful sale. From preparing your home to negotiating offers, each step brings you closer to your goal. And if you ever need help, Spencer Buys Houses is just a call away. Contact us today for a free, no-obligation offer and sell your home stress-free.
NOTE: The stats mentioned in this article are based on publicly available data as of late 2024 and may change over time.
FAQs
1. How fast can I sell my Memphis home to Spencer Buys Houses?
We can make a cash offer in 24 hours and close in as little as 7 days, depending on your schedule.
2. Do I need to fix my home before selling?
No! We buy homes as-is, so you don’t need to spend money or time on repairs.
3. Are there any fees when selling to Spencer Buys Houses?
None! We cover all closing costs, and there are no commissions or hidden fees.
4. Can I sell my home if I’m behind on payments?
Yes, we help homeowners in tough situations, like financial stress or foreclosure, with a quick cash sale.