How Spencer Buys Houses Closes in 7 Days Instead of 45 — And Why It Matters to Memphis Sellers

[Spencer Buys Houses]

Most homeowners assume selling a house takes months. In reality, a traditional home sale in Memphis often takes 45–90 days from contract to closing—and sometimes even longer. Between inspections, appraisals, lender approvals, and unexpected delays, many sellers find themselves stuck in a process that feels endless.

At Spencer Buys Houses, we regularly close in as little as 7 days. Not because of marketing promises, but because our process eliminates many of the obstacles that slow traditional sales. For homeowners facing foreclosure, inherited properties, landlord fatigue, relocation, divorce, or major repairs, speed and certainty can be just as valuable as the sale price itself.

The Real Story Behind a 7-Day Close​

In 2024, a landlord living in Florida contacted Spencer Buys Houses about a property on Churchill Avenue in Memphis. His tenant had moved out, leaving the property in rough condition. He had multiple offers but needed certainty more than anything.

Spencer reviewed the property, submitted earnest money immediately, and committed to closing the following Friday.

The seller accepted. A mobile notary visited him in Florida, documents were signed remotely, and the transaction closed in just seven days.

No travel. No repairs. No surprises.

Why Traditional Home Sales Take 45–90 Days​

Week 1–2: Preparing the Property​

Before listing, many homeowners spend time and money on:

• Cleaning and decluttering
• Paint and cosmetic repairs
• Staging
• Professional photography
• Contractor estimates

This stage alone can take several weeks.

Week 2–6: Showings and Negotiations​

Once listed, sellers often face:

• Multiple showings
• Low-ball offers
• Buyers backing out
• Extended market time

Many Memphis homes remain on the market for over a month before securing a qualified buyer.

Week 6–8: Inspections and Appraisals​

Even after accepting an offer:

• Home inspections may trigger repair requests
• Appraisals can come in below contract price
• Buyers may renegotiate terms

This is one of the most common reasons deals fail.

Week 8–12: Financing Approval​

Mortgage lenders require:

• Employment verification
• Credit reviews
• Bank statements
• Underwriting approval

Any issue can delay or completely derail the transaction.

Why Spencer Buys Houses Can Close in 7 Days​

No Financing Contingencies​

Traditional buyers rely on lender approval.

Spencer Buys Houses purchases properties using available funds, eliminating financing delays and uncertainty.

No Inspection Renegotiations​

We buy houses exactly as they sit.

That means:

• No repair requests
• No contractor estimates
• No post-inspection price reductions

Experienced Title Partners​

We work with trusted local Memphis title companies that handle transactions efficiently and professionally.

Strong relationships help move paperwork quickly and accurately.

No Showings or Open Houses​

You don't have to:

• Clean the property
• Stage rooms
• Leave during showings
• Keep the home market-ready

One walkthrough. One offer. Your decision.

Remote Closing Available​

If you're out of state, a mobile notary can come directly to you.

Documents are signed remotely, and funds are wired directly into your account.

What a Faster Closing Means Financially​

Holding onto a vacant property costs money.

Typical monthly expenses include:

• Property taxes
• Insurance
• Utilities
• Lawn care
• Maintenance

Many Memphis homeowners spend hundreds of dollars every month simply waiting for a traditional sale to close.

A fast cash sale helps eliminate these carrying costs immediately.

Example: Churchill Avenue Property​

Property: 5079 Churchill Avenue, Memphis, TN 38118

• Initial Contact: Friday
• Offer Accepted: Same Day
• Earnest Money Submitted: Same Day
• Closing Date: Following Friday
• Total Time: 7 Days
• Seller Location: Florida
• Repairs Required: None

The seller never traveled to Memphis and never managed a renovation project.

When a 7-Day Close Makes Sense​

A fast cash sale may be the right option if:

• Your property needs major repairs
• You're facing foreclosure
• You inherited a house
• You're dealing with difficult tenants
• You're going through divorce
• You're relocating
• A previous buyer backed out
• You simply want certainty and convenience

Why Memphis Homeowners Choose Spencer Buys Houses​

• Over 10 years of Memphis market experience
• More than 600 completed transactions
• No agent commissions
• No repair requirements
• No financing delays
• Fast closings
• Transparent communication
• Local Memphis expertise

Frequently Asked Questions​

How fast can Spencer Buys Houses close?​

Most transactions close within 7–14 days, depending on title work and seller preference.

Do I need to repair my house before selling?​

No. We buy properties completely as-is.

What if I live out of state?​

No problem. Mobile notaries and wire transfers make remote closings simple.

Are cash offers lower than market value?​

Sometimes the sale price is lower than a retail listing, but many sellers save thousands by avoiding repairs, commissions, carrying costs, and delays.

How do I get started?​

Call, text, or visit SpencerBuysHouses.com to request a no-obligation cash offer.

Author Bio​

Spencer Shadrach | Owner, Spencer Buys Houses

10+ years experience • BBB A+ • WREG Featured • 4.9★ Rating

Spencer Shadrach is a Memphis-based real estate investor specializing in helping homeowners sell quickly and easily. With over 600 completed transactions across Memphis and the Mid-South, Spencer focuses on fair offers, transparent communication, and dependable closings.

SpencerBuysHouses.com

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