MarketPro Homebuyers is a cash buyer and wholesaler in Maryland, D.C., Virginia, and Pennsylvania. The company purchases homes in “as is” condition, meaning they’ll buy your home even if it’s in rough shape.
The company has three strategies when they purchase homes:
- Buy the property, renovate, and resell
- Buy the property and rent it out
- List the property on MarketPro Deals for an investor to purchase (wholesaling)
For homeowners, the benefit of selling to MarketPro is that you can close on your own timeline, and you don’t have to make any repairs to your house.
While this might seem like a good offer if you need to sell fast, it’s worth comparing all of your options before you sell to a cash buyer like MarketPro. Cash buyers generally pay much less than fair market value, so you could make more money by listing on the open market.
MarketPro Homebuyers Pros and Cons
- No repairs or home prep necessary.
- Free moving service included with the sale.
- Quick closing — close in as little as seven days.
- Offers are typically less than the home’s fair market value.
- Only available to home sellers in Maryland, southern Pennsylvania, northern Virginia, and Washington, D.C.
What is MarketPro HomeBuyers?
As one of the largest cash buyer and wholesaling companies in the Washington, D.C. metropolitan area, MarketPro purchases approximately 300 homes every year.
MarketPro buys homes in almost any condition, with the exception of dilapidated homes that are beyond repair and need to be torn down.
There are no service fees or closing costs when you sell to MarketPro Homebuyers. They specialize in offering home selling solutions for difficult situations, including homeowners that…
- Own distressed homes
- Are looking to downsize
- Have financial concerns like impending foreclosure
- Are dealing with probate, inheritance, or power-of-attorney concerns
- Want to sell their rental property
Should You Sell To MarketPro?
Whether or not you should sell your home to MarketPro really depends on your situation and your goals as a home seller.
Selling to MarketPro might be a good option if you’re in a hurry, but you likely won’t get the most possible money for your home. In fact, you could be selling for as much as 50% less than what you’d be able to get on the open market.
If you want to get maximum value, listing your home on the open market is the best option — even if you’re selling “as is.”
MarketPro Homebuyers purchases and sells homes in Northern Virginia, Southern Pennsylvania, Maryland, and Washington, D.C.
How Does MarketPro Work?
Selling a home to MarketPro has three main steps:
- Submit the contact form to request an offer
- Complete the inspection
- Sign the official offer and close on your timeline
Step One: Submit the form
Home sellers can contact MarketPro using their online form or by calling (301) 691-2480. MarketPro collects basic information like:
- Phone number
- Email address
- How you found the company
Once MarketPro has this information, they’ll give you an instant quote for your property.
Step Two: Complete the inspection
Once MarketPro has your contact information, a representative will reach out to arrange a time for an inspection of the property.
When MarketPro inspects your property, they look at things like:
- The home’s overall condition
- The layout
- Estimated cost of renovations and repairs
- Potential resale value
At the end of the inspection, the representative will present you with a no-obligation cash offer that also includes a comparison of what you could net if you sold with the help of a real estate agent instead.
MarketPro’s offer is generally 10% less than what the seller could net with a real estate agent. However, 10% is deducted from the seller’s estimated net profit, so the comparison could be a bit misleading.
Step Three: Sign the offer
Once you’ve accepted and signed MarketPro’s offer, you’ve entered into a binding contract and are expected to move forward with the sale.
The company can close in as little as seven days or as long as six months, depending on the seller’s timeline.
MarketPro Doesn’t Directly Purchase All Homes
In some cases, MarketPro may assign your home’s contract to another party, who is the actual buyer of your home. This practice is known as real estate wholesaling.
If this happens when you use MarketPro, here’s what you need to know:
- It won’t impact the terms of your sale; the sale price and closing date won’t change.
- If the investor backs out, MarketPro will step in and close the transaction so that the seller isn’t left in a lurch.
MarketPro Reviews & Complaints
Overall, reviews of MarketPro from actual customers are positive:
Customers who were positive about their experience with MarketPro noted that the transaction was easy and MarketPro’s team handled all of the details.
Some customers complained about MarketPro’s aggressive marketing tactics and unreliable communication.
Selling With MarketPro vs. Selling With An Agent
In general, home sellers who list their home on the open market with the help of a real estate agent will net more money than they would with a cash buyer like MarketPro.
On the flipside, selling to MarketPro allows home sellers to avoid repairs, get an offer with no contingencies, and close on their own timeline.
While these benefits might be worth it to some home sellers, you should compare all of your options before you sell. A real estate agent could help you sell your house quickly for more money, even if you’re selling as is, and will be the better choice for most home sellers.
If you want to sell quickly for the most possible money, our friends at Clever can help.
Have you sold to MarketPro?
Leave a comment below and tell us about your experience!