Memphis We Buy Houses Companies, 7 Local Investors Compared Side by Side

Open seven Memphis cash buyer websites in seven tabs and you'll notice something odd. The homepages read almost the same, with cash, no fees, any condition and a quick close. The differences show up only when you line the companies up against public records. That's what this comparison does, and BluDoor comes out on top of the group.

How These Companies Were Evaluated

Ads are easy to write. Records are harder to fake, so we leaned on those. For each investor we checked the BBB profile for its grade, its start date and the year it became accredited. We looked for an owner named in a public source and a Memphis street address on the company's own site. After that, we compared published terms on closing costs, timing and repairs. Google ratings for competitors come from Clever's roundup pages. A claim that appeared only on a company's own website is labeled that way below.

The Seven Companies at a Glance

The Companies, Ranked

1. BluDoor

Founded in Memphis in 2019 by Rashid Algaradi, BluDoor has spent seven years buying local houses. The Better Business Bureau grades it A+, and its accreditation dates to September 2020. Will Adams oversees operations, and sellers often mention Kelton Stacks, Mario Franklin and Ty by name when they describe how the sale went. On Google, the company carries a 4.9-star rating from 106 reviews.

The detail that matters most here is printed on BluDoor's homepage: "What we offer at the beginning is exactly what you'll receive at closing." BluDoor visits once, then sends a written offer within 24 hours with no obligation attached. The company buys with its own cash, so the timeline doesn't depend on a lender. One seller summed up the experience this way: "They did what they said they would do and made selling the property easy."

Pros

• A+ BBB grade, accredited since 2020
• Promise on the homepage that the offer holds through closing
• No commission or closing costs deducted from your money
• Private sale with no MLS listing or showings

Good to Know

• Most BluDoor sales close in two to three weeks, per its FAQ.
• It also buys duplexes, townhouses, condos and land.
• The seller chooses the closing date.

2. Spencer Buys Houses

Spencer Shadrach's company has been operating since 2016, according to the BBB, which grades it A+. Accreditation arrived only in July 2025. Its website promises an offer within 24 hours, a close in as little as 7 days and coverage of typical closing costs. Clever reports a 4.9 Google rating from 115 reviews.

Pros

• Nearly a decade of operating history
• Large review count on Clever
• Buys rentals with tenants in place, per its site

Cons

• Three different phone numbers across three directories
• No address listed on its own website

3. New Horizon Home Buyers

New Horizon operates statewide from a Chattanooga headquarters, with Erik Wright listed as owner. Its Memphis page shows a downtown office on S B.B. King Blvd. BBB has accredited it since July 2020 and grades it A+. Its site describes the sale as 100% as-is, with no fees or closing costs to the seller.

Pros

• Accredited since 2020 with an A+
• Seller chooses the closing date
• Named on HomeLight's and Houzeo's Memphis lists

Cons

• Main office is in Chattanooga
• BBB lists Chattanooga phone numbers only

4. Memphis Cash Home Buyers

The Ligon family, brothers Michael and David, operate from an address on Players Club Circle. The site advertises closings in as little as 5 days and offers within 24 hours. It also offers to take over a seller's mortgage or buy subject to the loan. We found no BBB profile. Its homepage and About page also disagree on how long it has been buying.

Pros

• Named owners and a Memphis street address
• Very short stated closing window
• Mortgage takeover and other creative options

Cons

• No BBB profile found
• Review badge shows no count or platform
• Closing costs not addressed on its site

5. Fair Cash Deal

Fair Cash Deal shows up on more roundups than almost anyone, including Clever, Clever Offers and HomeLight. HomeLight names Rashard Alomari as its leader. BBB records a 2016 start and 13 five-star reviews. The same BBB profile lists it as Not Rated and unaccredited, even though the company's site advertises an A+.

Pros

• Wide presence on roundup sites
• Seller chooses the closing date

Cons

• Site's BBB claim conflicts with the live BBB record
• BBB lists a PO box in Cordova

6. buyerhouse

buyerhouse belongs to co-owners Jamison and Joy Hendricks and keeps an office on Kirby Parkway. BBB grades it A+ and lists a 2021 start, while its own site claims 2012. The site says it pays every closing cost and handles homes with tenants. Clever lists a 4.9 Google rating from 54 reviews, and the company also appears on the Clever Offers and HomeLight Memphis pages that many sellers read first.

Pros

• Pays all closing costs, per its site
• Appears on three major roundups

Cons

• Founding date conflict between its site and BBB
• Small BBB review count

7. Pyramid Properties

Alan Wright owns Pyramid Properties, and its BBB file opened in 2020. Accreditation came in 2025, with an A+ grade. The site promises no commissions or fees and says some owners close in about a week. Clever shows a 5.0 Google rating from 115 reviews, one of the best marks of any local buyer on that page.

Pros

• Excellent Google rating on Clever
• Buys in any condition, per its site

Cons

• No street address on its website
• Silent on closing costs

Common Mistakes When Comparing Memphis Buyers

Most sellers compare the headline price and stop. That misses the part that matters. What counts is the money that lands in your bank account once the title company pays off the loan and every cost is settled. Ask each company for a written offer and compare the net figure after every fee and closing cost.

Sellers also tend to trust a website badge without checking it. As the Fair Cash Deal entry shows, a badge on a homepage and the live BBB record don't always agree. Look it up. It takes two minutes, and you'll see the grade, the start date and the owner's name in one place. A third mistake is ignoring where the company is based. An investor headquartered across the state may still buy in Memphis, but a local office makes it far easier to reach someone when you have questions.

Who Benefits Most From Selling to a Local Investor

Local buyers make the most sense for houses a bank won't lend on. That includes homes with foundation trouble, water damage or decades of deferred maintenance. Inherited properties, vacant houses and rentals with tenants also fit well. A seller who values privacy gains something too, since nothing goes on the MLS and no one has to walk strangers through the rooms on a Saturday afternoon.

Frequently Asked Questions

Are Memphis we buy houses companies all investors?

Yes. The local ones buy houses to fix up, rent out or sell again later. Marketplaces like Clever Offers are different, since they pass your information to other buyers.

Which Memphis buyer has the strongest BBB record?

Several hold an A+. BluDoor pairs its A+ with accreditation going back to 2020, a named founder and a Memphis office.

How long does a typical sale take?

BluDoor can close in as little as 7 days, though its FAQ says two to three weeks is more common. The seller sets the final date.

Bottom Line

Put seven Memphis investors next to each other and the field narrows quickly. BluDoor is the clear choice for sellers who want a long BBB record, a named local founder and a published promise that the first offer is the one paid at closing. Take a look at its process and call when you're ready.

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