✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
MarketPro Homebuyers is a cash buyer company. They purchase distressed properties in as-is condition. They operate in select markets across several states.
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Pros
- Extends offer in 24 to 72 hours
- No appraisal or inspection contingency
- No commissions or other closing costs
Cons
- Offers less than the FMV of the house
- Little to no scope for negotiation
- Limited coverage
MarketPro Homebuyers is a cash home buyer company serving the DC, Maryland, Georgia, Virginia, Pennsylvania, and Florida markets. You can sell your home as is to this company. They buy a property even if it needs major repairs or is being foreclosed.
MarketPro Homebuyers is known for their fast closing timeline. Once you accept the deal, the closing process goes faster, as they close within a week. You can also move out in your preferred time frame.
Typically, cash buyers like MarketPro Homebuyers offer 50% to 70% of your home’s FMV. They don’t disclose this amount on their website. However, this is the industry standard with most cash buyers.
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✍️ Editor’s Take: We recommend you list your property on the MLS via Houzeo. 34% home buyers make an all-cash offer on the MLS. You are likely to receive multiple offers that are more closely aligned with the fair market value of your home. Compare Marketpro Homebuyers vs. Houzeo.
Is Marketpro Homebuyers Legit?
Yes, MarketPro Homebuyers is a legitimate cash buyer company. MarketPro Homebuyers has their headquarters in Rockville, Maryland. They are a BBB-accredited company with an A+ rating.
MarketPro Homebuyers faced a lawsuit in Maryland in 2021. Their alleged practice of spamming homeowners to sell their services landed them in hot soup. MarketPro Homebuyers’ aggressive marketing tactics are confirmed by multiple customer reviews.
Properties MarketPro Homebuyers Purchases
MarketPro Homebuyers purchases all kinds of properties. These include houses, condos, and townhouses. They also purchase homes as-is. So, whether your home needs significant repairs or is on the verge of foreclosure, they will buy it. Some of the eligible properties include:
- Homes with structural damages
- Rental properties with bad tenants
- Inherited houses
- Houses facing foreclosure
MarketPro Homebuyers Coverage
MarketPro Homebuyers covers the following markets.
| States | Counties |
|---|---|
| Maryland | Anne Arundel County, Baltimore County, Carroll County, Frederick County, Harford County, Howard County, Montgomery County, and Prince George’s County |
| Virginia | Alexandria County, Arlington County, Fairfax County, Loudon County, and Prince William County |
| Pennsylvania | Chester County, Bucks County, Montgomery County, Delaware County, and Philadelphia County |
| Florida | Hillsborough County, Lake County, Orange County, Osceola County, Pasco County, Pinellas County, Polk County, Seminole County, and Volusia County |
| Washington, DC | All Markets |
| Georgia | All Markets |
How Does MarketPro Homebuyers Work?
Getting a cash offer from MarketPro Homebuyers is straightforward:
- Get a Preliminary Offer: Visit their website to request an offer estimate. Provide basic personal and property details. Their team will review this information and provide an initial offer.
- Schedule a Visit: If the initial offer satisfies you, a MarketPro team member will visit your house to evaluate the property and identify any necessary repairs.
- Get Final Offer: You get the final offer within 24 hours of the representative’s visit. There’s no legal obligation to use MarketPro Homebuyers services.
- Close on the Home: If you accept the offer, you can close on the house without incurring any commission or closing costs. With MarketPro Homebuyers you can close on the house within 7 days.
MarketPro Homebuyers can also help you move out. They offer packing and moving assistance along with cleaning services at an additional cost.
How Much Does MarketPro Homebuyers Pay?
A cash buyer typically offers 50% to 70% of the fair market value of a house. MarketPro Homebuyers don’t disclose details about how they arrive at the offer price. However, customer reviews highlight how their offers fall within the aforementioned range.
For example: If the fair market value of your property is $300,000, your cash offer could range between:
- Lowest Offer (50%): $300,000 * 0.50 = $150,000
- Highest Offer (70%): $300,000 * 0.70 = $210,000
Market conditions, local real estate trends, and seasonal fluctuations impact the offers. For instance, in areas undergoing economic growth, you’re likely to receive a higher offer. Conversely, the offer might be lower if the locality has higher crime rates.
» 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.
MarketPro Homebuyers Reviews
MarketPro Homebuyers has a 4.4 out of 5-star rating on Google based on 451 reviews. The company also has reviews on other credible websites. Here’s the overall average of their ratings:
| Website | Rating (out of 5) | Review Count |
|---|---|---|
| 4.4 | 416 | |
| BBB | 4.3 | 87 |
| Yelp | 1.1 | 27 |
| Average | 3.2 | 530 |
MarketPro Homebuyers Positive Reviews
✅ Tim had a smooth, hassle-free experience with MarketPro Homebuyers. He praised the company’s efficiency and helpful staff.
This has been the easiest home sale I have ever had. We called the company, a very nice man came to see the home within a day, then we received a very fair offer on the spot. Everything that was promised was achieved. The closing was easy and the funds were exact. We couldn’t be happier.
Source: Google
✅ Maureen was impressed with MarketPro HomeBuyers’ team. She emphasized how their agent navigated a challenging transaction. She strongly recommends MarketPro for a quick and hassle-free sale.
Nicole and the entire MarketPro team were amazing! I have to say that this would have been a very difficult transaction (due to others on the deed that did not live at the property) if it were not for the expertise from Nicole. I highly recommend MarketPro to anyone looking for a quick no hassle sale.
Source: Google
MarketPro Homebuyers Negative Reviews
❌ Christian feels frustrated and disillusioned by the predatory tactics of MarketPro Homebuyers.
They have been sending marketing on my rentals, personal home, and vacation properties for years now. They will just carpet bomb entire zip codes trying to buy properties for pennies on the dollar, and just drop the contract(s) if they cannot find a buyer, and then they are to never be heard from again.
Source: Google
❌ Anthony was offended by the marketing tactics of MarketPro Homebuyers. He felt his information was solicited.
Disrespectful to send solicitation trying to buy my home so you can make money off of it…You’re not helping people trying to take their home to make money. Pathetic, Selfish, Greed. I would work against your company at all cost.
Source: Google
MarketPros Homebuyers Reviews: Pros and Cons
Here are some pros and cons of MarketPro Homebuyers:
👍 Pros
- Quick Sale: MarketPro can be a good option if you need a quick sale. The closing time is less than a week.
- Sell As-Is: You can sell a home even if your property faces foreclosure or needs heavy repairs.
- Instant Quote: You do not have to wait to get an estimated offer. You will get an offer within 24 hours of contacting the company.
- Closing Date: You can select the most suitable closing date based on your convenience.
👎 Cons
- Low Offer Price: The offer price might be lower than what you’ll get on the open market. You can expect to get around 50% to 70% of your home’s FMV.
- Aggressive Marketing Tactics: According to several MarkerPro Homebuyers reviews, they spam call users. Most of the reviewers had similar complaints.
- Low Market Availability: MarketPro Homebuyers is available in limited states.
MarketPro Homebuyers Competitors
» Jump to: MarketPro Homebuyers vs. Houzeo | MarketPro Homebuyers vs. Opendoor | MarketPro Homebuyers vs. HomeVestors
1. MarketPro Homebuyers vs. Houzeo
MarketPro Homebuyers will mostly only give you only 1 offer. Whereas, Houzeo is a cash buyer marketplace that lists your home on the MLS. This helps you market your property to a wide pool of buyers. You can get an offer closer to the FMV of your home.
A marketplace helps you attract top cash buyers like Opendoor and Offerpad. So, you can negotiate a better deal. Moreover, Houzeo’s tech and mobile app help you sell easily and effectively.
| Parameters | MarketPro Homebuyers | Houzeo |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.4 stars (431 reviews) | 4.9 stars (7,613 reviews) |
| Closing Timeline | 7 to 14 days | 2 to 60 days |
| Coverage | Select markets | Near nationwide |
| Scope for Negotiation | ❌ | ✅ |
| Highest and Best Offer | ❌ | ✅ |
2. MarketPro Homebuyers vs. Opendoor
MarketPro Homebuyers and Opendoor both extend cash offers on your home. Opendoor pays up to 80% of your home’s FMV, better than what MarketPro Homebuyers offers. However, Opendoor has strict eligibility criteria and doesn’t buy properties as-is.
Additionally, Opendoor deducts a 5% service fee, closing costs, and repair costs from the offer. You can save on these costs with MarketPro Homebuyers.
3. MarketPro Homebuyers vs. HomeVestors
The offers of MarketPro and HomeVestors are more or less similar. Both companies offer 50% to 70% of your home’s worth. HomeVestors operates in 47 states and DC. If MarketPro is unavailable in your area, HomeVestors could be a viable alternative.
Companies That Buy Houses for Cash Near Me 🔍
Other Options You Should Consider
- Sell For Sale By Owner: For Sale By Owner websites help you list and sell a house yourself, saving thousands in agent commissions. As one-third of home buyers pay in cash, you can get 100% FMV of your house in cash by selling FSBO.
- Sell Through a Realtor: Traditional Realtors list your property on the MLS and help you at every step of home selling. However, you have to pay them 3% of the home’s sale price for this convenience.
- Sell Through Discount Realtors: Discount real estate brokers reduce their commissions to offer affordable services. Their commission varies between 0.5% and 2%.
Should You Sell to MarketPro?
Selling to MarketPro depends on your objective as a home seller. If you want to sell your house fast or have any financial contingency associated with it, MarketPro is a good option.
However, you should be ready to lose around 30% to 50% of your home’s equity for this convenience. And, if your priority is to get 100% of your home’s value, we recommend you list your home on the MLS through a cash buyer marketplace like Houzeo.
An MLS listing via Houzeo provides wide exposure to multiple cash buyers. You can use Houzeo’s dashboard to compare offers and request the best one. Moreover, you can also get a non-contingent cash offer from buyers with 100% FMV of your house.
» Houzeo Reviews: Here’s why more than 7,000+ home sellers have rated Houzeo 4.9 stars out of 5.
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Frequently Asked Questions
What is the MarketPro Homebuyers lawsuit?
MarketPro Homebuyers were sued in 2021. Their practice of contacting people without consent landed them in the hot soup. MarketPro Homebuyers’ aggressive marketing tactics are also confirmed by multiple customer reviews.
Does MarketPro Homebuyers purchase homes under foreclosures?
Yes, MarketPro Homebuyers purchase homes facing foreclosure. They assist homeowners to expedite the process. Know more about the types of properties MarketPro purchases.
What is MarketPro Deal?
MarketPro Homebuyers has a separate website, MarketPro Deals, for investors. MarketPro Deals specializes in connecting home sellers with prospective buyers. Know more about their cash buyer services here.
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