Last verified: August 6, 2026. Written by Jarrod Frankum, founder of Electrum Properties, Lubbock, TX.

If you need to sell a house in Lubbock quickly, you have five real options. This page lays out all of them, including the ones that don’t involve us, with honest timelines and what each one actually costs. We buy houses for cash, so we have an obvious bias — we’ve tried to write this so you can check our math rather than take our word for it.

The short answer

The single most useful thing to know: in Texas, foreclosure auctions happen on the first Tuesday of the month at the county courthouse, and a lender must give at least 21 days’ notice before that sale. If you are behind on payments, that date is your real deadline, and it governs which options on this page are still open to you.

Option 1 — List with a Lubbock real estate agent

Timeline: typically 60–90 days from listing to funded closing

What it costs: commissions (typically 5–6% of sale price, split between agents), plus seller-paid closing costs, plus whatever repairs the buyer’s inspection turns up

Nets you the most money if the house is in decent condition and you can wait

This is the right answer for most sellers most of the time, and any cash buyer who tells you otherwise is selling you something. On a $250,000 Lubbock house, agent commissions run roughly $12,500–$15,000 — but a well-presented house on the open market usually sells for enough more than a cash offer to cover that and come out ahead.

When it doesn’t work: when the house won’t pass a lender’s inspection, when you can’t afford the repairs a buyer will demand, when you can’t have strangers walking through, when the deadline is closer than 60 days, or when the sale depends on multiple parties agreeing and you need it done.

Option 2 — Sell to a local cash buyer

Timeline: 7–21 days

What it costs: no commissions, no listing fees, no repairs — but the offer is below full retail value

Buys you speed, certainty, and the ability to sell a house in any condition

A local cash buyer purchases with its own funds, as-is. There’s no lender, so there’s no appraisal contingency and no financing fall-through — which is the single most common reason a traditional Lubbock sale collapses at the last minute.

Cash buyers active in the Lubbock market include Electrum Properties (that’s us), 806 House Buyers, Gem Homes, JDub Buys Houses, and Mitchell Property Group, alongside national franchises like HomeVestors / We Buy Ugly Houses.

How Lubbock-area cash buyers compare

How we checked: every figure on this page was read directly from each company’s own Google Business Profile, its BBB profile at bbb.org, or its own website in August 2026 — not from third-party listing sites, which we found to be out of date on several of these companies. Ratings, review counts and BBB status all change over time, so treat anything here as accurate as of August 2026 and check current numbers yourself before deciding.

How to vet any cash buyer, including us. Ask these four questions. A legitimate buyer answers all of them without hesitating:

1. Are you buying this yourself, or assigning the contract to someone else? Both are legal and normal, but you deserve to know which. If they’re assigning, your closing depends on their buyer showing up.
2. What title company will we close at? A real buyer names one immediately. Every legitimate sale closes at a licensed Texas title company, never directly between the two parties.
3. Can I see proof of funds? Yes, you can ask. Yes, they should show you.
4. Is there any fee, deposit, or charge to me at any point? The answer should be no. If anyone asks a seller for money up front, walk away.

Never pay a fee to receive an offer, and never sign anything you haven’t read. You’re always entitled to have an attorney or title company review a contract before you sign it, and a buyer who pressures you against that is telling you who they are.

Option 3 — iBuyers and online cash-offer platforms

Timeline: 14–45 days

What it costs: service fees around 5% of the price, plus deductions for repairs found in their assessment

Best for houses in good condition where you want speed without a local negotiation

Platforms like Opendoor, Offerpad, Homeward, and HomeLight’s Simple Sale operate at various levels in Texas markets. They generally pay more than a local cash buyer, but they only want houses in good condition — the cosmetically dated, foundation-cracked, or fire-damaged house is exactly what they decline. Coverage in Lubbock specifically is thinner than in Dallas or Houston, so check current availability by ZIP code.

Read the fee schedule carefully. A “no commission” headline with a 5% service fee is a commission with a different name.

Option 4 — Sell to a fellow investor or a landlord you know

Timeline: varies wildly

What it costs: nothing formal, but no structure either

If you already know someone local who buys rentals, this can work. It is also where the most avoidable mistakes happen — no title company, no written contract, handshake terms that get remembered differently later. If you go this route, still close at a title company. It costs a few hundred dollars and it protects you.

Option 5 — Repair it, then list it

Timeline: 90–180 days

What it costs: repair capital up front, plus carrying costs, plus commissions at the end

Nets the most money of any option, if you have the cash and the time

The catch is real: you’re spending money before you receive any, on a house you’re leaving, with no guarantee the market rewards the specific repairs you chose. This works well for cosmetic updates — paint, flooring, landscaping. It works badly for foundation and roof work, where you rarely recover what you spend.

What will a cash buyer actually pay?

This is the question every seller wants answered and almost no cash-buyer website answers directly, so here it is.

A cash offer is calculated roughly as: what the house will be worth once repaired, minus the cost of those repairs, minus the buyer’s margin. Industry-wide, cash investors pay in the neighborhood of 65–75% of a home’s after-repair value — one 2026 analysis put the figure at 67.5%. On a Lubbock house worth $245,000 fixed up, that implies a range around $160,000–$185,000 before subtracting the actual repair cost.

Two things follow from that, and both matter:

1. A cash offer will be below what a fixed-up house would fetch on the MLS. Anyone promising “full market value in cash, as-is” is either not going to close or is going to renegotiate later.
2. The gap narrows the worse the house’s condition is. For a house needing $60,000 of work, the retail buyer pool is nearly empty and the repair estimate does most of the discounting anyway — so the practical difference between listing and selling for cash gets small, while the certainty gap stays large.

If your house is in good condition, list it. If it isn’t, run the numbers on both.

Frequently asked

Who buys houses for cash in Lubbock, Texas?

Local cash buyers in the Lubbock market include Electrum Properties, 806 House Buyers, Gem Homes, JDub Buys Houses, and Mitchell Property Group, plus national franchises such as HomeVestors. Local buyers can usually move faster and are willing to take houses in worse condition; national platforms and iBuyers tend to pay more but only for houses in good shape.

How fast can you actually sell a house in Lubbock?

Seven days is realistic with a cash buyer, and the limiting factor is usually the title company’s turnaround rather than the buyer. A traditional financed sale takes 30–45 days minimum after you accept an offer, because the buyer’s lender needs that long.

Can I sell my Lubbock house if I’m in foreclosure?

Usually yes, right up until the auction. Texas foreclosure auctions are held on the first Tuesday of the month at the county courthouse, and a lender must give at least 21 days’ notice before selling. If a cash sale closes before that date and pays off the loan, the foreclosure stops. The earlier you start, the more options you have — but even a few weeks out is worth a call.

Do I have to make repairs to sell my house fast?

Not to a cash buyer. Cash buyers purchase as-is, including houses with foundation movement, roof damage, fire or water damage, mold, hoarding conditions, code violations, or unpermitted work. To sell to a buyer using a mortgage, you generally do — most loan programs require the house to meet minimum condition standards.

What does it cost to sell to a cash home buyer?

Nothing out of pocket. No commissions, no listing fees, no repair costs, no charge for the offer. The cost is embedded in the price: you accept less than full retail in exchange for speed and certainty. Any cash buyer asking a seller for a fee up front is not a cash buyer.

Is selling to a “we buy houses” company a scam?

The model itself is legitimate and has operated for decades. Individual operators vary. The reliable signals are: a named owner you can look up, a local phone number answered by a person, reviews on Google, closing at a licensed title company, and a written contract you’re free to have reviewed. A storefront is not one of them — most legitimate cash buyers travel to the seller rather than keeping an office sellers visit. The warning signs are: pressure to sign immediately, any fee charged to you, refusal to name a title company, and no verifiable local presence.

About the author

Jarrod Frankum founded Electrum Properties in Lubbock in 2019 and has bought houses directly from owners across Lubbock and the South Plains since. Electrum holds a 5.0-star rating from 18 Google reviews. If you want a cash offer, call 806-630-0875 or request one here — and if this page convinced you to list with an agent instead, that’s a fine outcome too.

Electrum Properties LLC · Lubbock, TX · 806-630-0875 · We come to you.