FSBO in Memphis
Memphis has one of the most affordable housing markets in the South, with median prices around $200,000–$280,000. Tennessee does not require an attorney for residential closings, and Memphis has significant investor activity — cash buyers are common.
Step 1: Price with Memphis Market Data
Shelby County property data is available at assessor.shelby.tn.us. Use Zillow and Redfin for days-on-market trends. Memphis neighborhoods vary dramatically: Germantown and Collierville command premium prices; North Memphis and Whitehaven are much more affordable. Cash investor offers are common — evaluate them against financed offers carefully.
Step 2: Tennessee Disclosure Requirements
Tennessee Code §66-5-202 requires sellers to complete a Tennessee Residential Property Condition Disclosure. The form covers structural condition, systems, environmental hazards, and legal matters.
Lead paint disclosure required for pre-1978 homes.
Step 3: Flat Fee MLS on MLS of Memphis
Memphis uses the MLS of Memphis (MAAR/MAIS). Use a flat fee service ($275–$400) that covers this MLS.
Step 4: Title Company Closing
Tennessee uses title companies. Tennessee charges a realty transfer tax of $0.37 per $100 of sale price. On a $240,000 Memphis sale: $888.
What FSBO Saves You in Memphis
On a $240,000 home at 5%: