How Spencer Buys Houses Closed a Cordova Home Twice
Sometimes the best deals don’t go the way you planned.
A few months ago, a seller’s son reached out about an inherited home in Cordova, Tennessee. Solid brick colonial. Well-maintained. Quiet street. Good neighborhood — exactly the kind of property we like.
We made an offer. We knew the area well — we had just closed on another home nearby a month earlier.
They went with someone else.
It happens. Not every deal closes. The reason was simple: someone offered more.
Then a week later, a wholesaler emailed us.
Same house. Same address. Same street.
The original buyer had assigned the contract — and now it was being marketed again.
We bought it anyway.
$220,000. Closed.
Now we own two homes on the same street in Cordova — and we’re actively looking for more.
What This Deal Teaches About Inherited Homes in Memphis
This situation is more common than people think.
Inherited homes usually involve multiple decision-makers:
- Someone wants to sell fast
- Someone wants top dollar
- Someone wants to list with an agent
- Someone talks to investors
It gets complicated quickly.
In this case, the family chose another offer — which is completely fair. But that buyer wholesaled the deal, and it ended up back with us anyway.
The result: the house landed with a buyer who could actually close, and now it’s being improved for the next owner.
We Buy Houses in Any Condition. Any Situation.
This property was clean — but that doesn’t matter to us.
We’ve bought:
- Inherited homes
- Probate properties
- Homes with tenants
- Properties with back taxes
- Houses needing full renovations
- Damaged homes (roof, foundation, etc.)
Condition isn’t the issue. Readiness is.
Our Process
- Call or text — no pressure conversation
- Cash offer in 24–48 hours
- You choose the closing date
- We close — no repairs, no commissions, no surprises
500+ deals closed in Memphis. We’ve seen everything.
Why Cordova, TN Is One of Our Favorite Markets
Cordova is one of the strongest submarkets in the Memphis area:
- Established neighborhoods
- Strong rental demand
- Consistent appreciation
When we find the right deal here, we move fast.
And when we own two homes on the same street — we look for a third.
Ready to Sell Your House in Cordova or Memphis?
You don’t need to fix anything. You don’t need to clean anything. You don’t need an agent.
📞 Call: 901-487-2991
🌐 SpencerBuysHouses.com
Frequently Asked Questions
Does Spencer Buys Houses buy inherited homes in Cordova, TN?
Yes. Inherited homes are one of our most common deal types. We simplify the process with one walkthrough, one offer, and one closing.
What is a wholesaler?
A wholesaler puts a home under contract and then assigns that contract to another buyer. They don’t actually buy the property themselves.
Can I sell without repairs?
Yes. We buy homes as-is — any condition, no repairs required.
How do you calculate your offer?
We evaluate condition, local comps, and renovation costs — then present a clear offer with full explanation.
How fast can I sell?
Offers in 24–48 hours. Closing in as little as 7–14 days.
Why Cordova?
Strong market fundamentals, stable neighborhoods, and consistent demand make it a priority area for us.
What if I get a higher offer?
That’s your choice. Just make sure you’re comparing the real net after fees, repairs, and closing costs.
Author Bio
Spencer Shadrach | Owner, Spencer Buys Houses
10+ years, BBB A+, WREG featured, 4.9★ / 113 reviews
Spencer Shadrach is a Memphis-based real estate investor focused on helping homeowners sell quickly and efficiently, especially in complex situations like inherited properties and rental exits.
SpencerBuysHouses.com