4.5
Editor's Rating (673 Reviews)1
User Rating (3 Reviews)Mark Spain Real Estate is a cash buyer. They are popular for their Guaranteed Offer Program. They help homeowners sell fast without showings or open houses.
Pros
- Mark Spain can help you close the deal in as little as 21 days.
- Besides cash offers, they’re known for their experienced agents.
- They are a full-service brokerage with personalized options.
Cons
- Their cash offer may be only 50% to 70% of your home's Fair Market Value.
- They don't purchase distressed properties.
- Their coverage is limited to just seven states in the southeastern United States.
Mark Spain is a cash buyer and brokerage in the Southeastern U.S. and Texas. Their “Guaranteed Offer” program provides a quick cash offer. However, they have strict eligibility criteria for the homes they buy. If a home qualifies, they can close the sale in three weeks.
Like most cash buyers, Mark Spain Real Estate usually offers 50%–70% of your home’s Fair Market Value. This can cost you thousands of dollars. Instead, if you sell on a cash buyer marketplace, you can get up to 100% of your home’s worth.
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✍️ Editor’s Take: We recommend Houzeo over Mark Spain Real Estate. As America’s #1 cash buyer marketplace, Houzeo provides stellar technology, nationwide coverage, and 5-star customer support. All these features help you get the fair market value of your home. Compare Mark Spain Real Estate vs. Houzeo.
Is Mark Spain Legit?
Yes, Mark Spain Real Estate is a legit cash buyer. Mark Spain, a second-generation real estate agent, founded this company in 2016. They’re headquartered in Alpharetta, Georgia. They claim to have nearly 30 years of experience with over 58,000 satisfied clients.
How Does Mark Spain Work?
Mark Spain Real Estate, like other cash home buyers, offers quick cash for your house. Here’s how you can sell a house to them:
- Submit Your Details: Fill out a form with your property details and contact information.
- Verification of Details: In the next step, their team will check your information and confirm the home inspection date.
- Home Inspection: A certified real estate agent will visit your home to assess its condition.
- Get an Offer: Mark Spain Real Estate typically makes an offer within 24 hours of the visit.
If you accept the offer, they provide you with the contract that same day. You can close in as little as 21 days.
Ways to Sell Your Home With Mark Spain
» Jump to: Guaranteed Offer | Market Listing | Accelerated Offer
1. Guaranteed Offer Program
Mark Spain Real Estate’s Guaranteed Offer provides an all-cash offer with no showings or open houses. Additionally, you can close in as little as 21 days. This program helps you secure a competitive offer, sometimes multiple offers, depending on your home.
To be eligible for Mark Spain’s Guaranteed Offer program, your home must meet the following conditions.
| Criteria | Eligibility |
|---|---|
| 🏠 House | Must be built after 1950. |
| 👪 Family | Single-family homes. |
| 💸 Worth | Must be worth between $50,000 – 1.5M. |
| 👥 Occupancy | Owner-occupied or vacant. |
| 🔧 Condition | Non-distressed, no foundation issues, and not in or near flood zones. |
2. Market Listing Program
This feature connects you with an Exclusive Listing Agent. Plus, you receive a Comparative Market Analysis and your home gets maximum exposure. Additionally, homes sell in 28 days on average with this program.
3. Accelerated Offer Program
Mark Spain Real Estate offers this unique program to attract high demand for your property. So they list your home and price it strategically. It’s ideal for those who don’t qualify for the Guaranteed Offer but still want a quick sale.
Mark Spain Real Estate Coverage
When it comes to coverage, Mark Spain Real Estate has certain limitations. They operate in only seven states, primarily in the Southeastern U.S.
Mark Spain Cash Offer Reviews
Industry rates for cash offers typically range from 50% to 70% of your home’s market value. Expect a similar offer from Mark Spain Real Estate. For instance, if a property’s market value is $500,000, the offer from Mark Spain Real Estate could be as low as $250,000.
On the other hand, a cash buyer marketplace ensures you get up to 100% of your home’s actual worth. Houzeo is America’s #1 cash buyer marketplace, with more than 10,000 positive customer reviews. Check Houzeo’s pricing to learn more about the services you will receive.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
Mark Spain Real Estate Reviews
Mark Spain Real Estate has an average rating of 4.5 out of 5 stars on Google, based on 673 customer reviews. Additionally, they have a 3.1-star rating out of 5 based on 96 customer reviews on Better Business Bureau.
Mark Spain Real Estate Reviews: Praises
✅ Andre Rivera Jr. praised the Mark Spain professional for being knowledgeable, highly responsive, and dedicated.
I had an excellent experience working with Vick Sura. From the start, Vick was professional, knowledgeable, and incredibly responsive. Vick took the time to explain every step of the process and made what could have been a stressful experience seamless and straightforward. Vick went above and beyond to ensure every process step went smoothly. I highly recommend Vick to anyone looking for a reliable and skilled Real Estate Agent!
Source: Google Reviews
✅ Fornesa Rogers praised the Mark Spain representative for their dedication, communication, and genuine support.
Words can’t express or explain how I feel about my Leasing Agent Patricia Ley! She went above and beyond to get my house sold. I felt like it wasn’t just about getting money she was looking out for what was Best for me! She was honest, trust worthy and communicated! I don’t know what I would have done without her! Thank you for assigning Patricia Ley to me. I couldn’t have asked for a better Leasing Agent and now feel like I gained a friend as well! If you’re looking for a Leasing Agent I HIGHLY recommend Patricia Ley you won’t be disappointed or let down! Thank you so much Patty for everything ,even with 1000 tongues I couldn’t Thank you enough! YOU ARE TRULY THE BEST
Source: Google Reviews
Mark Spain Bad Reviews
❌ Chan Slor did not receive the guaranteed offer as expected. They were frustrated as visitors kept arriving despite their request to stop the listing.
Condo been on the market for 120 days and I was supposed to get a guaranteed offer. Randy lied to me. I’m a disabled veteran. I didn’t even know my condo was on the market. I told him to stop. It’s bs. I said I’m not okay with listing and cut off all communications. I had people coming to my door.
Source: Google Reviews
❌ Joshua Snooty was frustrated with the company’s slow process and lack of effort. Additionally, they were offered $160,000 for a home worth $280,000.
They are the absolute worst I’ve ever messed with I’ve never seen any company move so slow at doing their job and put forth little to no effort to help you. my house is worth $280,000 right now and they offered me 160 because my driveway was too steep they said
Source: Google Reviews
Mark Spain Real Estate Pros and Cons
Here are some pros and cons of Mark Spain Real Estate:
✅ Mark Spain Real Estate Reviews Pros
Let’s see some of the advantages of working with Mark Spain Realty:
- Quick Closing: Mark Spain Real Estate closes on your home in as little as three weeks.
- Professional Assistance: Mark Spain Real Estate is known for its qualitative service and experienced real estate agents.
⛔ Mark Spain Real Estate Reviews Cons
Mark Spain Real Estate has the following disadvantages:
- Lowball Cash Offers: You will likely get an offer of around 50% to 70% of your home’s FMV with Mark Spain. This is standard industry practice with cash buyers.
- 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.
- Does Not Buy Distressed Properties: Mark Spain Real Estate does not buy homes with structural damage, foundation issues, or unpermitted additions.
- Limited Coverage: Mark Spain Real Estate only operates across 17 markets in 7 states including Texas.
Mark Spain Real Estate Competitors
» Jump to: Mark Spain vs. Houzeo | Mark Spain vs. Homevestors | Mark Spain vs. Opendoor
1. Mark Spain vs. Houzeo
Selling to Mark Spain Real Estate seems hassle-free. But you may not get the Fair Market Value for your home. On the other hand, Houzeo equips you with advanced technology to request the highest and best offer. You can also counter offers to get a deal closer to your expectations.
| Features | Mark Spain Real Estate | Houzeo |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.5 stars (673 reviews) | 4.9 stars (10,126 reviews) |
| Closing Timeline | 21 days | 2 to 60 days |
| Fees/Commissions | ❌ | $199 |
| Closing Costs | ❌ | 0.5% to 1.25% |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
2. Mark Spain vs. HomeVestors
HomeVestors is a cash buyer who buys houses as-is. They have near-nationwide coverage so you can sell them regardless of your location.
When selling with HomeVestors, they estimate an after-repair value but give better offers. Moreover, with them, you get a chance to negotiate and secure a better deal.
3. Mark Spain vs. Opendoor
Opendoor is an iBuyer and has strict eligibility criteria like Mark Spain Real Estate. However, they offer around 70% to 80% of your home’s potential. If you have a distressed property, Opendoor is not an ideal choice for you as iBuyers usually have strict eligibility criteria.
“We Buy Houses for Cash” Companies Near You
There are other “We Buy Houses As Is” companies in the market. You can request offers from multiple cash companies and pick the one that suits you the best.
Other Options You Should Consider
- Sell to an iBuyer: iBuyers purchase homes needing minimal repairs in as-is condition. They can be a great option if you want to sell your house fast.
- Sell to Cash Home Buyers: Individual cash home buyers make all-cash offers, usually within 24 to 48 hours. They also let you skip listing on the MLS.
- Sell For Sale By Owner: For Sale By Owner websites help you list and sell a house yourself. Hence, you save thousands in agent commissions. Many FSBO websites will also help you with the paperwork.
Is Mark Spain Real Estate Worth It?
Yes, Mark Spain Real Estate is a good option if you need quick cash for your property. However, with them, you may not get the full market value for your home. Their offer would typically range between 50% to 70% of your home’s equity.
So, we recommend you sell your house with Houzeo. With Houzeo, you get 5-star customer support, a listing management dashboard, and pricing assistance. Additionally, you get negotiation support and the feature to choose the highest and best offer.
» Houzeo Reviews: Check out why more than 10,000 home sellers have rated Houzeo 4.9 stars out of 5 on Google and Trustpilot.
Frequently Asked Questions
Is Mark Spain Real Estate legit?
Yes, Mark Spain Real Estate is a legitimate cash buyer. They operate in major metro areas in the Southeast U.S. and Texas. Their headquarters is in Alpharetta, Georgia.
Does Mark Spain give good offers?
Yes, Mark Spain is known for providing good offers. They have a strong reputation, making them a trusted choice for real estate services. However, like most cash buyers, Mark Spain's cash offers typically range from 50% to 70% of your home's market value.
Does Mark Spain flip houses?
Yes, Mark Spain Real Estate is involved in house flipping as part of real estate business. It involves purchasing properties, making improvements, and then reselling them for a profit. Mark Spain has been known to engage in this type of real estate investment.
Reviews
(3 Reviews)
A complete scam and waste of time and effort
Verified Reviewer
John Gieseler
Verified Reviewer
17th Feb 2024
I was appalled at the unethical and unprofessional practices of Mark Spain Real Estate. Wanting me to sign a fraudulent document, no accountability on the employees for their rude and offense behavior, of which I have texts and emails to back my statement. This is a company you certainly want to stay away from.
North Dallas Victim
Verified Reviewer
27th Feb 2024
The agent from Mark Spain pushed hard to have us cancel our appointments with other home buyers. He promised they did not represent the buyer, and the house was selling as is, with the exception of cleaning the carpet, possibly replacing. Within weeks, there was a push to replace the roof and allow $15K for potential issues with the cast iron sewer. Spains Agent hired a plumber who scoped the drain but did not film the process or write a report. The new realtor has not indicated there was a request for the allowance by a subsequent buyer. There were no realtor open houses or even neighborhood open houses. The realtor did not follow the terms on pricing and then dropped the price to rock bottom. The listing contained inaccurate and incorrect information. The house has now sold to someone, not YET identified, for nearly $100k less than what we were told it would market for in the area. We paid an inflated sales commission of 6% AND inflated program fees. Under no circumstances would i recommend this company and am seeking counsel to pursue all legal remedies available to me . Google them for their nationwide reputation….
7th Nov 2023
This company is USELESS!! They do not put any effort into selling their house and they think that because of their gigantic size they can do whatever they want. Look at the average time their homes sit on the market (180+ days). DO NOT USE THIS COMPANY