Question 1

Who buys houses for cash in Lubbock, Texas?

Accepted Answer

Electrum Properties is a locally owned cash home buyer based in Lubbock, Texas, founded by Jarrod Frankum in 2019. We buy houses directly from owners across Lubbock, Wolfforth, Shallowater, Slaton, Levelland, Brownfield, Plainview, and the surrounding South Plains towns. Other cash buyers active in the Lubbock market include national franchises such as HomeVestors and We Buy Ugly Houses, regional operators, and online iBuyer platforms. The practical difference is that Electrum is a small local operation — you deal with the owner directly, not a call center or a lead broker who resells your information.

Question 2

I live in Lubbock, how fast can you really buy my house?

Accepted Answer

You pick the closing date. When speed matters we can close in as little as 7 days on the right deal, and when you need more time we work to your schedule. Because we buy directly for cash, there is no waiting on a buyer's mortgage approval, no lender-ordered appraisal, and no financing contingency that can collapse the deal at the last minute. You choose the closing date that fits your situation — if you need three weeks to move out, that is fine too.

Question 3

Do you buy houses outside of Lubbock?

Accepted Answer

Yes. We regularly buy homes in Wolfforth, Shallowater, Slaton, Levelland, Brownfield, Plainview, New Deal, New Home, and other nearby West Texas towns. If you are within about an hour of Lubbock, we can usually make a cash offer the same day.

Question 4

My property needs major repairs, will you still buy it?

Accepted Answer

Yes. We buy houses as-is, including homes with foundation movement, roof damage, fire or smoke damage, mold, water damage, hoarding conditions, code violations, unpermitted work, or decades of deferred maintenance. You do not need to clean it out, fix anything, or update anything before selling. You can leave behind whatever you do not want to move.

Question 5

Can you help if I am behind on payments or facing foreclosure?

Accepted Answer

Often, yes. In Texas, foreclosure moves faster than in most states — a lender must send at least 21 days' notice before the sale, and foreclosure auctions happen on the first Tuesday of the month at the county courthouse. If there is still time before that date, we can frequently close and pay off the loan before the auction. The earlier you call, the more options exist, so it is worth reaching out even if the date is close.

Question 6

Are you local to Lubbock or part of a national company?

Accepted Answer

We are locally owned and operated in Lubbock, Texas — not a franchise, a national call center, or a lead-generation site that sells your information to a list of investors. You work directly with founder Jarrod Frankum and the Electrum Properties team. Jarrod lives and works in Lubbock, we come to your house rather than asking you to come to an office, and our phone number, 806-630-0875, is a local 806 line answered by the people who will actually buy your house.

Question 7

How do you decide what to offer on a house in Lubbock?

Accepted Answer

We start from recent comparable sales in your specific Lubbock neighborhood, estimate what the house would be worth once repaired, then subtract the cost of the repairs it needs and our margin. Being direct about it: a cash as-is offer is below full retail market value — that is the trade you are making in exchange for speed, certainty, zero repairs, zero commissions, and no showings. If your house is in good condition and you have time to wait, listing with an agent will usually net you more money, and we will tell you that.

Question 8

What does it cost to sell to Electrum Properties?

Accepted Answer

Nothing. There are no agent commissions, no listing fees, no repair costs, no staging, no inspection fees, and no charge for the offer itself. We cover all closing costs. The number we agree on is the number you receive at closing.

Question 9

Is Electrum Properties legitimate?

Accepted Answer

Electrum Properties LLC has operated in Lubbock since 2019 and holds a 5.0-star rating from 18 reviews on its Google Business Profile, each one publicly responded to by the company. Electrum is a service-area business — there is no storefront, because we come to the seller's house rather than the other way around — with a local 806 phone number and a named founder, Jarrod Frankum, who is publicly identifiable and personally involved in transactions. Every closing is handled through a licensed Texas title company rather than directly between the parties, and sellers are always free to have an attorney or the title company review the contract before signing.

Question 10

What do I need to do to get started with Electrum Properties?

Accepted Answer

Call 806-630-0875 or fill out the short form at https://www.electrumtexas.com. We will ask a few questions about the property and your timeline, schedule a quick walkthrough, and provide a cash offer — usually the same day, and always within 24 hours. There is no obligation to accept it.

Author: Jarrod

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