Mark Spain Real Estate is best-known for their Guaranteed Offer program, which gives homeowners quick cash offers on their home without going through the traditional home-selling process. They operate across southeastern US locations such as Atlanta, Charlotte and Tampa and their agents have received high marks for professionalism; however some customers have voiced reservations over their business model.
Mark Spain does not purchase homes directly, but instead brokers sales to individual homebuyers and investors via iBuyers and Offerpad-type platforms, which enables its agents to collect commission on sales that would have gone without agent representation otherwise.
Start here to begin – homeowners simply complete an online form or contact their local Mark Spain office, then a licensed agent will arrange an in-home viewing of their property if it meets criteria for the Guaranteed Offer program. In that instance, their licensed agent will shop offers from investors and iBuyers on behalf of the homeowner to secure offers as needed.
Once an offer has been accepted by the homeowner, their agent will present it to them for approval and close in as little as 21 days – typically the case with other brokerages. Standard real estate commission is around 3% which makes closing easy!
Many homeowners opt to list their home on the open market rather than accept a Guaranteed Offer because its offer often comes in at significantly less than its fair market value and only applies to properties meeting specific eligibility requirements set by the company.
One major drawback of Mark Spain’s Guaranteed Offer program is that it may deceive homeowners into thinking they’re getting a great deal on their home, when in reality the company may only offer up to 70% of its fair market value (similar to an iBuyer offer), which may lead them to opt out altogether. Many customers choose not to work with him because of this factor.
Although Mark Spain receives many positive reviews from customers, some have raised complaints regarding its business model. Most notably, customers have voiced displeasure with its lack of transparency during the selling process as well as inability to negotiate better prices and high-pressure sales tactics employed by some agents.
Even with their critics, Mark Spain remains an excellent option for most home sellers. Their agents are well-trained and highly professional; clients report fast and successful sales with them. Furthermore, their knowledge of local real estate markets enables them to help sellers determine a competitive listing price for their properties. For more information about Mark Spain or to schedule a consultation please visit their website or request one now!