Mark Spain Real Estate is a premier real estate brokerage operating in the Southeast U.S. and Texas. Its Guaranteed Offer program offers homeowners a cash offer in just a few days and can close as quickly as three weeks.
Mark Spain purchases owner-occupied or vacant single-family homes built after 1960 worth $50,000 to $650,000. They prefer properties in decent condition without structural damage or foundation issues. Also, they won’t buy foreclosures or short sales.
In this blog, let’s look at Mark Spain Real Estate reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: Mark Spain Real Estate offers a three-week closing promise. Their experienced agents have closed over $3.3 billion in transactions and served over 10,300 clients.
- Cons: It prefers properties without structural damage, foundation issues, or unpermitted additions. A foreclosure or short sale transaction won’t be purchased.
- Our Take: We don’t recommend Mark Spain Real Estate as you won’t get top dollar for your property. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Mark Spain Real Estate.
What is Mark Spain Real Estate?
Mark Spain Real Estate is a reputable real estate brokerage with a strong presence in major Southeast U.S. and Texas metro areas. Their Guaranteed Offer program offers homeowners a cash offer in just 48 hours, allowing for a fast and convenient home sale.
While the Guaranteed Offer service may offer a quicker sale, it’s important to note that sellers may receive a lower offer than the fair market value of their home.
Mark Real Estate is selective about the types of homes they purchase. They buy owner-occupied or vacant single-family homes built after 1960 worth $50,000 to $650,000. The properties must be in decent condition with no structural damage, foundation issues, and unpermitted additions.
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👉 IMPORTANT: Review local housing sales data and determine the Fair Market Value of your property before requesting a cash offer from Mark Spain Real Estate.
Mark Spain Real Estate vs. Houzeo
Selling to Mark Spain Real Estate seems hassle-free. But you pay for this convenience by selling your home at a reduced price.
On the other hand, an MLS listing with Houzeo’s Gold plan equips you with advanced technology to call for the highest and best offers. You can also counter offers to help you get a deal closer to your expectations.
| Mark Spain Real Estate | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 3.64 stars (94 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 21 days | 2 to 60 days |
| Fees/Commissions | ❌ | $379 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what others have to say about Houzeo.
Mark Spain Real Estate: Pros and Cons
Mark Spain Real Estate is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Mark Spain Real Estate Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Mark Spain Real Estate matches up to these expectations.
- Quick Closing: Mark Spain Real Estate reviews say they close in as little as three weeks. However, their timeline is flexible, and they can close on a date suitable to you.
- Professional Real Estate Agents: Mark Spain Real Estate is known for its qualitative service and experienced real estate agents.
⛔ Mark Spain Real Estate Cons
Mark Spain Real Estate complaints reflect the following disadvantages of the company:
- Does Not Buy As-Is: Mark Spain Real Estate do not buy homes with structural damage, foundation issues, or unpermitted additions.
- Lowball Cash Offers: Mark Spain Real Estate investors view your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
- Little to No Scope for Negotiation: With cash home buyers like Mark Spain Real Estate, you don’t have room to negotiate your cash offer. If you still want to try your luck, ensure that you back your arguments with proof.
- Limited Coverage: Mark Spain Real Estate operates across Southeast U.S. and Texas.
Best Alternatives to Mark Spain Real Estate
Even if you want to sell your house fast for cash, look for some alternatives better than Mark Spain Real Estate. We’ve listed three below:
- Houzeo: Houzeo is one of the best FSBO websites in America that lets you list your home on the MLS in just 24 to 48 hours. Here, multiple national and local cash home buyers make offers on your property, driving up its price. You can even get 100% of your home’s FMV.
- Opendoor: Opendoor is the largest iBuyer in America extending cash offers for homes needing minimal repairs. They generally pay 70% to 80% of your home’s FMV but deduct a 5% service fee, closing costs, and repair costs from the offer.
- HomeVestors: HomeVestors is a cash home buyer franchise offering 50% to 70% of the home’s FMV. However, they may deduct repair costs at closing. Further, since each office is independently owned, you won’t get consistent service across the country.
“We Buy Houses for Cash” Companies Near Me
There are other “We Buy Houses As Is” companies in the market. You can request an offer from multiple cash companies and pick the one that suits you the best.
Frequently Asked Questions About Mark Spain Real Estate
Is Mark Spain Real Estate Legit?
Yes, Mark Spain Real Estate is a legitimate company founded by Mark Spain in 2016. Their experienced agents have closed over $3.3 billion in transactions and served over 10,300 clients. They do have a strong presence in major Southeast U.S. and Texas metro areas.
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