Mark Spain Real Estate advertises their “Guaranteed Offer” program as promising home sellers a cash offer for their homes. However, multiple reviews indicate that this promise does not come to pass; rather than purchasing for cash themselves directly through an agent they connect sellers with on iBuyers or similar websites for cash offers; plus they charge a standard realtor commission of 3% which may be much lower elsewhere in comparison.
At Mark Spain Real Estate, the first step of working together is filling out an online form or calling your local office and inquiring about our Guaranteed Offer program. Once that has taken place, an agent will schedule an in-home visit to assess and discuss options regarding your property if eligible; you should then receive a cash offer within 21 days if eligible.
Homeowners eligible for the program include single-family properties built after 1960 with values between $50,000 and $1.5 million that are between 50-100% of market value, are owner occupied or vacant, not bank-owned or distressed, aren’t located within a flood zone, and agree to a transfer fee that typically ranges between $500 – $700; offers typically come in below market value with some offers as low as 50% below after-repair value; additionally iBuyers often charge service fees of 8% of sale price as well.
If you choose not to opt into the Guaranteed Offer program, your Mark Spain Real Estate agent will list your home on the open market and help set a fair market price, conduct a comparative market analysis and advertise it on major listing sites. They’ll also assist with negotiation process, inspections and closing. Their average customer rating across 5,566 online reviews stands at 4.61/5!
Though there may be occasional complaints against Mark Spain Real Estate, most are directed at specific agents rather than overall service quality. Therefore, it is vital that you read reviews of agents within your area prior to choosing Mark Spain Real Estate as your agent.
Houzeo provides five-star customer support, a listing management dashboard, pricing assistance and transparent home buying process that makes understanding their options and selecting the ideal one easier for homeowners. Furthermore, you can use Houzeo’s free app to track real-time offer status; their feature to select highest and best offers saves you both time and hassle; additionally you’ll find an agent specialized in selling homes just like yours who will work closely with you every step of the way.