MarketPro Homebuyers is an East Coast real estate company that buys houses for cash. They also run a property listing portal for real estate investors. MarketPro Homebuyers Reviews speaks of quick cash and easy selling process. If your house is in a rough shape which requires a lot of repairs then you can consider selling to MarketPro Homebuyers as they buy houses as is.
» In this guide, we’ll cover:
- What is Market Pro HomeBuyers?
- MarketPro: At a Glance
- Is MarketPro Legit?
- Should You Sell to MarketPro?
- MarketPro – How does It Work?
- Customer Reviews
- Alternatives to MarketPro Homebuyers
- Houzeo At a Glance
- Final Word
- Frequently Asked Questions
What is MarketPro HomeBuyers?
MarketPro Homebuyers offers to buy homes in any condition (as is) for cash, saving homeowners the time and money spent preparing and listing their home which would otherwise be required with an agent.
The company was started in the year 2018. MarketPro Homebuyers buys an average of 25 houses every month – that’s 300 homes per year just in the DC, Maryland, Northern VA, and Pennsylvania communities.
It streamlines the real estate transaction which helps the owners with a quicker alternative to a traditional sales transaction, but the drawback with MarketPro Homebuyers is that they will offer you a lower price compared to the open market which means you may miss out on more money on the open market.
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The company buys houses from sellers if: the house needs a lot of repairs, they repair and sell it, they buy and hold the property then rent it out or buy and resell it to the investor on MarketPro Deals. (The company is owned by MarketPro Homebuyers for investors.)
MarketPro Homebuyers: A Glimpse
|🚩 Hidden Fees||None|
|🎈 Location||Washington DC, Maryland, Virginia, Pennsylvania|
|Companies Owned||MarketPro Deals|
|Cash Offer Time||Within 24 hours|
|Deal Closing Time||7 days or less|
|Services||Buy & Sell (for cash), rental|
|🗣️ Customer Reviews||4 out of 5 (81 reviews)|
Is MarketPro Homebuyers Legit?
Yes, MarketPro Homebuyers is a legitimate company that buys houses for cash. It also has a separate website, MarketPro Deals, just for investors. So, MarketPro is not only a cash buyer but also a real estate wholesaler.
As a real estate wholesaler, Market Pro finds home sellers, gets them to sign a purchase agreement, and then assigns the contract to another interested buyer. Though it is not directly mentioned on the website, they buy and hold the property then rent it out or buy and resell it to the investor on MarketPro Deals They act as an intermediary between the buyers and the sellers.
MarketPro handles all communication for both parties to the transaction. You never have to be concerned about keeping in touch with the investor.
Usually in wholesaling, after entering into a purchase agreement with the seller, finding the buyer might stretch the buying-selling process a bit. There are chances that the sellers or the investors might back out of the agreements/contracts. But if at all the wholesaling doesn’t go as planned.
But, if you work with MarketPro, the deal will go through no matter what, and if the investor doesn’t meet their end of the bargain, MarketPro will step in and close the deal.
Pros and Cons of using MarketPro Homebuyers
|PROS of MARKETPRO|
|🤝🏽 Quick Sale: If you need a quick sale then MarketPro can be a good option. The Closing Time is less than a week.|
|🛠️ Sell As-Is: You don’t need to do any repairs or renovation. You can sell your house as-is.|
|🏷️ Instant Quote: You can get an instant quote once you submit your details. You do not have to wait|
|📄 No Legal Work, No Inspections, No-Hassle: There are no banks, inspectors, mortgage companies, or other people to drag out the closing process.|
|📅 Closing Date: You can choose the closing date that works best for your unique situation.|
|CONS of MARKETPRO|
|👎🏼 Low Offer Price: The offer price might be low as compared to the price offered on the open market.|
|🌐 Low Market Availability: MarketPro Homebuyers are available in limited states.|
Better Exposure, Better Bargain, Better Offer.
START YOUR MLS LISTING NOW
Looking for other cash companies? Check out 👉 13 Best “We Buy Houses for Cash” Companies Reviews
MarketPro – Who they Help?
There are a plethora of reasons why someone might require immediate cash. MarketPro Homebuyers seeks potential customers who meet the following criteria:
1. Need to downsize their homes
Downsizing is the process of purchasing a home that is smaller than the one you currently own. The majority of people who make this decision are those who have an empty nest, are having difficulty keeping up with the upkeep of their home, or are finding the associated costs difficult to bear. MarketPro looks for potential sellers who want to downsize their house, get out of financial distress, or just those who want to sell their house fast for cash.
2. Inheritance and Power of Attorney Issues:
Have you ever inherited a property? Do you know the hassle and responsibility behind taking care of your loved one’s property or even selling it? MarketPro makes it simpler and easier for you. If you do not have enough time and energy to wait till the property gets listed and sold, then you can consider choosing MarketPro Homebuyers. They will sell your property within a week.
3. Owners of Distressed Homes:
A distressed property is a home that is either on the verge of foreclosure or has already been taken over by the bank. Investors frequently seek out these properties because they offer the opportunity to purchase a home at a reduced price.
They are, however, taking a chance that the property will require extensive repairs in the future. For the most part, a distressed sale is the result of one of three factors. Let’s take a closer look at each of the scenarios.
Foreclosures are the cause of a large number of distressed properties. This occurs when a home buyer is no longer able to make their monthly mortgage payments on a timely basis.
- REO Properties
In the real estate industry, properties that do not sell at foreclosure auctions are referred to as real estate owned property (REO property). These residences are classified as distressed real estate.
- Short Sales
A short sale occurs when a buyer purchases a distressed property for less than the amount of money owed on the mortgage by the current homeowner. In this way, the current owner can avoid paying foreclosure.
Perhaps you’ve inherited a house that’s difficult to keep up with the upkeep. Perhaps you are the owner of a property that is in danger of being foreclosed. It’s possible that the house requires extensive renovations and repairs. MarketPro purchases the houses As-Is.
4. Landlords Selling a Rental Property
Sometimes what you think does not work that way. If your rental property is causing you more stress by draining your finances then it is better to go towards a more profitable venture. Right from the repairs to selling the property will be taken care of by the MarketPro.
5. Probate Issues
If the property was owned by a deceased individual and the deed does not automatically get transferred to another person or entity at the time of the owner’s death then such property needs to go through probate. In such situations also Market Pro.
6. Seniors Transitioning to New Housing
Illness, injury, and aging frequently make living independently and keeping up with household demands impossible.
A spouse has died, and a change is necessary. Perhaps extended family members would feel more at ease in an assisted living facility with their loved ones. The reasons could be many for shifting to a new house. Easy transitioning is preferred for senior citizens so selling the house for cash quickly is only the way to help them with the process.
7. Trouble Selling
If at all the house is in a poor condition and requires a lot of repairs and renovation you want to sell the house As-Is or vacant homes at the earliest then MarketPro helps them get the house sold at the earliest.
Should You Sell to MarketPro?
Selling to MarketPro depends on your objective as a home seller. MarketPro homebuyers’ reviews say if you are selling a house in a hurry or due to any of the above reasons then MarketPro is a better option. The offer will be made within a day and the house will be sold within a week.
Remember, the money that you get will not be the actual value of the house, which otherwise would be higher if you sell it on the open market.
To get a fair price within a reasonable time period, listing on MLS is a better option as you will not only get top-dollar value for your house but also within a reasonable period.
Houzeo is one of the most technologically advanced FSBO websites. Not only this, but it is also the top Flat Fee MLS platform in the United States. As FSBO, it provides a lot more features than you could ask for.
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Here’s a summary of what Houzeo brings to the table:
|💰 Savings||Houzeo has pre-defined low-cost plans that help sellers with the listing process. The plans are much cheaper than real estate commissions leading to savings.|
|📲 Automated Process||Houzeo is 100% online and digitized when compared with other FSBO platforms.|
|📖 MLS Listing||Houzeo provides an option to the sellers to list their property on the local MLS thus giving it the maximum exposure.|
|🧧 Buyer Offer||The platform allows the seller to directly view the offer received from a buyer. Thus, you skip buyer agents in the process.|
|✍️ View/Edit/Counter||With Houzeo, sellers can view, edit, and even counter offers as received from the buyers.|
|🏠 House Showings||Houzeo gives you an option to schedule a house showing with its mobile app. A seller can feed the schedule as per the convenience which can be viewed by buyers/agents. Accordingly, they can request a slot.|
|📷 Photographs||The website gives you an option to upload quality pictures of your property on the platform.|
|🗣 Social Media Exposure||Houzeo provides nifty social media sharing tools.|
|🤝🏿Buyer Agent Commission||You can specify the buyer's agent commission from the platform itself.|
MarketPro – How Does It Work?
MarketPro Homebuyers Reviews speaks of the easy and quick services. The company’s team deals with every aspect of the selling or moving process—from financial questions, to finding a new place to live, packing, moving, and more.
The Process Includes the Following Steps
1. Lead Capture Stage
The process starts with a short fill-out form which includes address, name, phone number, email id, and how they found the company. There, the home seller will get a quote on the MarketPro Homebuyers website for their home. This is a free, no-obligation offer.
2. Inspection of the House
The representatives will call to fix an appointment with the seller. The sellers will fix a date and time to show the house to the representative to understand the structure and condition of the house. Once the house is inspected the representative will estimate the possibility that might be incurred if they go for the repairs and renovation.
3. Get A Fair Price
After all the inspections the seller is presented with a no-obligation cash offer that will include how much money you may receive listing your home on the market so the sellers can weigh it against tan As-Is. The profit if the seller chooses an agent to sell and the profits if the seller chooses to sell with MarketPro Homebuyers.
👉 IMPORTANT: 2022 is an unusually strong seller’s market, so it may be possible to sell your home for more than what iBuyers offer, even if their offers are above market value. Save 3% listing agent commission and list your house on the MLS within 60 mins!
» Additional Services:
MarketPro Homebuyers, in addition to completing the transaction on the seller’s schedule, assist with the packing, moving, and cleaning of the homes they purchase prior to the closing date.
They will also cover the costs of moving for sellers who are located anywhere in the continental United States.
MarketPro Homebuyers Reviews
Positive MarketPro Homebuyers Customer Reviews
Most of the MarketPro Homebuyers reviews are about quick closing, good communication, and friendly services.
👩🏾💻 Seemless Process
Negative Reviews: Marketpro Homebuyers’ Complaints
Bad Sales Practices
Most of the MarketPro Homebuyers’ negative reviews talk about the unsolicited message blast which mentions the customer’s mail and asks them to fill in the details of the properties unnecessarily even if they are disinterested!
Alternatives to MarketPro Homebuyers
Flat Fee MLS Services
You will need an agent if you want to list your home as only the real estate agents have the license to list on any MLS platform.
In general, home sellers who list their homes on the open market with the assistance of a real estate agent will make more money than those who sell to a cash buyer like MarketPro.
Selling to MarketPro, on the other hand, allows home sellers to avoid repairs, receive an offer with no contingencies, and close on their own schedule.
While these advantages may be worthwhile for some home sellers, you should weigh all of your options before selling. Even if you’re selling as-is, a real estate agent can help you sell your house quickly and for more money, and is the better option for most home sellers.
With Houzeo, you get better cash offers! Houzeo also gives an option to list on MLS. So, if you want to save some money then Houzeo is worth considering.
- Listing Fee: $249 to $399
- Available nationwide
- Listings featured on Houzeo App
Houzeo is America’s #1 Flat Fee MLS listing service.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
⚡ Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, there is a live person picking up the phone on the other line.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage showing appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
No other low cost real estate listing website comes close to offering such features.
👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
Start your free listing on Houzeo.com today!
Houzeo is available nationwide.
Introducing the Houzeo Mobile App!
- View your listing
- Manage your showings online
- Review and compare offers
- Counter an offer
- NEW! Buyers can now search your property and save it in “Favorites”
Discount Real Estate Brokers
For a reduced fee, discount real estate brokers (or low-cost real estate agents, or discount realtors) provide specific services. For example, instead of charging a standard 3 percent listing agent commission, a discount realtor will work for 1 to 2 percent (or a flat fee) and provide limited services.
The reduced fee can easily save the seller money. Discount real estate brokers typically offer full-service brokerage services. Their pricing is key. Discount real estate brokers typically offer the same services as full-service brokers. The key difference is in pricing.
If you want to play it safe, go with a full-service agency. If all you need is a discount company to handle the paperwork and offer additional services, choose our top candidate – Houzeo – for incredible savings and cutting-edge technology!
👍 BETTER IN ALL – AGENTS, SERVICES & SAVINGS!
Why pay a higher commission for a lower service? With Houzeo you can get better services at an affordable price!!
- 👩💼Qualified and Reputed Agents
- 💰You list your home at a very reasonable price within 24 hours
- 📣 Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- ⭐ 5-Star Customer Support
- ❌ You can cancel anytime with no obligation
» Explore more : 9 Best Discount Real Estate Brokers and Companies (2022 Rankings)
You can also consider Redfin as an option for discount real estate brokers.
- Listing Fee: 1.5% of sale price
- Available in 80+ U.S. Markets
- 3.9 / 5 (out of 209 reviews)
Redfin is one of the best online discount real estate brokers out there in the market today.
Save on commission fees: When you opt for Redfin over a traditional home-selling method, you can save up to 20% – 30% on the commission fees. Though, trying to provide their service 3x faster than the traditional method could limit their ability to provide you with personalized service.
Additional services: The discount realtor has a thorough listing agreement but it takes approximately 18 days to get a property listed on the MLS. With Redfin, you get add-on services like a professional photographer, MLS listing, open house schedule, yard sign, and much more.
Good technology: It has one of the best technology among different discount real estate brokers. They have a powerful platform that is ideal for full-service brokerage. Redfin houses a fantastic user interface for sellers to make their job easier.
- Strong technology
Redfin has an on Consumer Affairs.
Redfin covers 80+ Markets in the United States.
Traditional Real Estate Agents
A traditional agent assists you in buying, selling, renting, and all other aspects of real estate. A listing agent and a buyer agent are two types of traditional agents. Agents operate for brokerages and companies or under the supervision of a qualified broker.
Let’s get down to business with their commissions. The average overall commission fee for selling a home is 5%. This is deducted from the seller’s proceeds and shared between the listing and buyer agents. The commission rate changes on a regular basis and is determined by the location of your property.
The listing agent assists the seller in the sale and marketing of their home. The buyer’s agent, on the other hand, brings in clients who buy the house. They each get 2.5 percent after closing for a total of 5%.
For Sale By Owner
As the term indicates, a for sale by owner property is one that is sold by the owner without the assistance of a listing agent or real estate broker. It’s the most cost-effective approach to avoid commissions and selling your house quickly. FSBO is ideal for sellers with some experience with the selling process and marketing. The best way to FSBO is to list on the Multiple Listing Service. Their large database allows them to market your home to agents all throughout the country, allowing it to sell faster and with the most exposure possible.
Real estate bargain brokers fall midway between a for-sale-by-owner and a full-service agency. With MLS listing packages starting at $199 and cutting-edge technology that allows you to manage your property, review offers, counter, and manage showings online and via their mobile app, Houzeo delivers the best of both worlds.
For those who want to sell their house fast for cash or if your property is in extremely poor condition and it’s a waste to even contribute to further repairs then selling your house for cash is a perfect choice, but as mentioned earlier at a much lower price than the actual market value. This could mean that even if there are no fees, charges, or commissions you are still selling your house at a lower price and losing thousands of dollars!
There are options that can help you get a better deal, all you need to do is check how fast you need the cash, how much time is available in your hand and most importantly is it worth selling your house for a lower price?
Frequently Asked Questions
Does MarketPro Homebuyers pay for closing costs and repairs?
MarketPro Homebuyers' cover all closing costs. No need to pay for repairs and commissions.
Does MarketPro Homebuyers purchase homes under foreclosures?
The company assists homeowners facing foreclosure. The process is similar to a normal purchase. MarketPro Homebuyers will help you sell quickly.
What is MarketPro Deal?
MarketPro Deal is a company owned by MarketPro Homebuyers for investors.