Mark Spain Real Estate is a large regional brokerage that offers traditional home selling services as well as its “Guaranteed Offer” program, promising fast, hassle-free sales. Mark Spain Real Estate advertises that their agents will shop offers from real estate investors and iBuyers to achieve the highest price possible, but careful inspection reveals hidden caveats.
At Alpharetta Real Estate Group, the firm was founded by former Keller Williams real estate agent Mark Spain in 2016. Since 2016, their sales have doubled annually and passed 10,000 home closings milestone. Furthermore, 300 team members were added as they opened new offices and expanded into two additional markets.
Mark Spain Realty stands out from other brokerages by operating both as a traditional real estate firm and an iBuyer, purchasing homes directly from homeowners. Under this business model, homeowners can work with Mark Spain agents to list their properties on the open market and receive commission-free sales or use its guaranteed-offer program to receive an all-cash offer directly from Mark Spain itself.
Under this program, a homeowner fills out an online form or contacts their local branch to notify Mark Spain they are interested in selling their home. After visiting, an agent from Mark Spain visits and assesses its condition before offering a fair market offer on behalf of the seller – they can then decide whether or not accept this offer, negotiate higher price or decline it altogether.
If the homeowner accepts Mark Spain’s offer, their agent will file a short-sale application with their local county. From here on out, the process should run much like any regular home sale would.
Mark Spain does offer traditional full-service home selling, however their primary focus lies with their iBuyer and guaranteed-offer programs; thus they do not publish or promote commission figures on their website or promotional materials. A Reddit user did note that for traditional listings Mark Spain charges 3-5% listing fee comparable to other brokerages.
Note that searching for Mark Spain Real Estate reviews can be challenging as many comments don’t mention which agent worked with a particular client. Evaluating a broker can be challenging due to this disparate experience; one bad review doesn’t reflect how other agents perceive him/her. As many Mark Spain agents operate across multiple states, it’s smart to research reviews in your local market before selecting this firm to sell your home. By understanding more of how their model and local market work together, the better prepared you’ll be for what lies ahead. Choose an agent with whom you feel most at ease working; an established and trustworthy agent will ensure you find an optimal offer and close quickly – good luck!