Mark Spain Real Estate specializes in buying and selling houses to homebuyers, with its most recognizable service being its Guaranteed Offer program, which gives homeowners a fast cash offer in just 21 days and helps close sales quicker. They operate as full-service brokerage in both Texas and the southeastern United States and also act as real estate agents for homeowners wanting to put their property on the open market.
Customers working with the company to list their property on the open market are connected with a local agent who performs a comparative market analysis and lists their home just like any traditional real estate agent would. They may also take advantage of marketing and advertising services provided by the company for increased exposure, which come at an extra charge of 3% commission upon closing.
Homeowners who enroll in the Guaranteed Offer program will be connected with an investor who will make a cash offer on their home, which may reach up to 70% of its fair market value (depending on where it’s located). While certain investors don’t buy distressed properties, others have specific criteria about which homes they will buy – customers have reported finding this process frustrating in cases when their house doesn’t fit within those parameters.
Homeowners who accept the terms of a Guaranteed Offer will sign an agreement and receive their cash offer in 24 hours. A home inspector will visit to assess its condition; if it passes inspection according to company standards, an offer can be finalized that day and accepted/negotiated/declined as desired by seller/buyer respectively; with accepted offers being paid out, paid directly back at an agreed upon price in a few weeks for closing on property ownership.
Though Mark Spain Real Estate is known for its efficient service, customers have complained of high fees and miscommunication from its agents. These agents have often been aggressive when signing new clients up; furthermore, their commission rates remain opaque which should serve as a red flag to anyone considering working with this company.
If you’re seeking an easier, more transparent process when selling your home, low-commission real estate companies could provide an ideal solution. They pair you with highly-rated local agents at a fraction of what Mark Spain charges; plus some offer cash buyers who may purchase directly. Clever Offers offers such cash buyers who typically offer 50%-70% of fair market value of property purchases within three weeks – providing more opportunities to find buyers than ever! To start selling with an online cash buyer right now click below!