Mark Spain Real Estate offers home sellers an easy and quick home sale through their Guaranteed Offer program, which connects sellers with investors willing to buy all-cash and close in as few as 21 days. However, some drawbacks exist that might discourage those prioritizing profit over fees when selling.
Mark Spain Real Estate was established by former Keller Williams agent Mark Spain in 2016, who left to establish it. Based in Alpharetta, Georgia (a suburb north of Atlanta), its offices span across southeastern United States offering home selling, buying and renting services.
Mark Spain Real Estate differs from traditional “we buy houses” companies in that it doesn’t purchase properties directly, instead using its network to find investors who are capable of purchasing it at cash offers from homeowners. Unfortunately, this process can take time, with many Reddit users reporting they never received one offer for their property.
Mark Spain Real Estate provides homeowners with both investors and traditional listing services for listing properties on the open market. In this scenario, homeowners work closely with a local Mark Spain agent to assess and list their home. Negotiation and closing assistance services are also provided through this option – in which case homeowners typically pay between 2.5-3% in commission to their agent.
Mark Spain Real Estate touts their Guaranteed Offer program as an effective means for homeowners to sell their homes quickly and without hassles such as showings and open houses. Agents claim that homes listed with them receive offers in as few as 21 days with closing occurring as quickly as 28 days thereafter. In order to qualify, homes must be single-family dwellings built after 1950 and valued at less than $50,000 and be in good condition – plus have received offers in under 28 days!
However, Opendoor’s marketing doesn’t clearly demonstrate how its Guaranteed Offer program differs from traditional home selling processes. According to its website, this program connects homeowners with investors willing to make all-cash offers within 21 days for closing costs that don’t include seller commissions and closing costs – although no details were given as to who these investors might be or their fees may apply. In some instances, these investors could include private equity firms or iBuyers like Opendoor which also make all-cash offers on homes but don’t charge seller commissions or closing costs when closing costs or costs for seller commissions or closing costs when closing costs come into effect.
Another big difference lies within the Guaranteed Offer program itself, in which homeowners pay Mark Spain Real Estate a full realtor commission of 3% of their home’s sale price to Mark Spain Real Estate as part of the Guaranteed Offer agreement. This amount may seem excessive compared to working with investors who purchase cash-for-homes; homeowners looking to maximize profits without incurring fees should instead consider working with another company that either provides direct cash offers or sells on open market.