MarketPro Homebuyers Reviews: What to Know Before You Sell

MarketPro Homebuyers reviews | Pros and cons | How it works | Alternatives

What is MarketPro Homebuyers?

MarketPro Homebuyers is one of the biggest cash buyer companies in the Washington Metropolitan area — buying around 25 homes each month.

Like other cash-buying companies, sometimes called house flippers, MarketPro offers homeowners a quicker alternative to a traditional sale. The company buys homes in any condition and pays for them in cash — allowing homeowners to bypass the time-consuming and costly process of preparing and listing their house with an agent.

Once MarketPro purchases a home from a seller, it does one of three things:

• Makes repairs and sells it
• Holds the property and rents it out
• Sells the property to an investor on MarketPro Deals

There are no service fees or closing costs when you sell to MarketPro Homebuyers. The trade-off is that MarketPro will offer you less — typically tens of thousands of dollars less — than what you could get on the open market.

Who is MarketPro HomeBuyers best for?

Selling to MarketPro could be right for you if your home is in extremely poor condition or you need cash quickly. The company purchases homes in as-is condition — meaning you won't need to pay for repairs — and can close in as few as seven days. However, like most cash buyers, it tends to offer less than your home is really worth.

Before accepting an offer from MarketPro Homebuyers, you should request additional offers from other cash buyers in your area. Comparing multiple offers can help you ensure you get the best price for your home.

If you want to sell your house fast, Clever Offers makes it easy to get cash offers from local buyers quickly. Clever's free service will match you with an experienced realtor who'll bring you offers from top cash home buyers in your area. You'll also get a professional home valuation so you can see what your house is worth on the open market.

Pros and cons of using MarketPro Homebuyers

MarketPro Homebuyers reviews from real customers

Customer reviews for MarketPro Homebuyers are very positive, with aggregated ratings from Google Reviews, the Better Business Bureau, and Facebook giving the company over 4.2 out of 5 across 448 reviews.

Most customers say MarketPro is:

• Easy to work with
• Communicative
• Professional

Norris W. says working with MarketPro was a smooth and easy process:

Gia D. states that she was offered a fair price for her inherited home:

Greg B. claims MarketPros additional services went a long way when he sold his home:

And while MarketPro Homebuyer reviews online are mostly positive, there are a few negative customer experiences centered on their marketing tactics and dishonesty.

Paul L. said MarketPro sent him random text messages:

Sabrina B. says MarketPro withheld information from her when she purchased a home from them:

The majority of negative MarketPro Homebuyers reviews center around their aggressive marketing tactics — mailers, texts, and phone calls. Homeowners who receive any of their marketing can opt-out by calling or emailing the company to remove their name from the list.

Is MarketPro Homebuyers legit?

MarketPro Homebuyers is a legitimate business that has been buying homes for cash since 2018. The company has a 4.2/5 star rating across hundreds of customer reviews.

In addition to being a cash buyer, MarketPro is also a wholesaler. Wholesalers find sellers, get them to sign a purchase agreement, and then assign that contract to another interested buyer. When you sell your home to MarketPro, a third-party investor might actually be buying it — while MarketPro collects a finder's fee for your property.

Although MarketPro customer reviews are generally positive, you may want to consider other options. We Buy Houses or a local investor might offer a slightly better price when you sell your home to them directly.

What types of homes does MarketPro Homebuyers purchase?

MarketPro Homebuyers purchases homes in almost any condition — even those in extreme disrepair. The only time the company won’t consider purchasing a home is when it is a complete teardown.

MarketPro Homebuyers helps a wide variety of homeowners, including those facing:

One of the ways MarketPro makes money is by reselling these homes to investors — who typically make repairs and flip them for a higher profit. By targeting homes in various conditions, they can attract a bigger pool of buyers willing to make offers on their homes.

How MarketPro works

Selling to MarketPro Homebuyers has three main steps:

1. Submitting your information
2. Completing a home inspection
3. Signing the offer

Let’s look at each of these steps in more detail.

Step one: Submit your information

The first step for any home seller is to contact MarketPro Homebuyers by calling or submitting a form on their website.

The form will ask the seller to provide their:

• Name
• Address
• Phone number
• Email address
• How they found the company

The home seller will then receive a no-obligation instant quote on the MarketPro Homebuyers website for their property.

Step two: Complete the inspection

After the form is submitted online, MarketPro representatives will contact the home seller to arrange a time to view the property in person.

When they arrive, the representatives will look at the condition and layout of your home. They'll then try to estimate the resale value and the cost for all necessary renovations and repairs.

After the inspection, the seller is presented with a no-obligation cash offer that will include:

• What they could net when they sell with a real estate agent
• What they could earn when they sell to MarketPro Homebuyers

Any estimates you receive from MarketPro shouldn’t be taken at face value. It’s in their best interest to present their offers in a positive light, which could lead them to overestimate the costs of selling with a realtor.

MarketPro says their offers are generally 10% less than what you would net with a real estate agent after all earnings and fees have been subtracted. And while it may seem like a great deal at first glance, an in-depth look shows that it’s not all that it’s made out to be.

Here’s how the math would break down for a home with a fair market value of $300,000:

If you're set on selling to a cash buyer, you should compare offers from multiple companies to ensure that you're getting the most possible money.

Step three: Sign the offer

Once sellers sign a contract with MarketPro for their home, it is binding.

MarketPro Homebuyers closes on the seller’s timeline, which can be as little as seven days or as long as six months.

Additional services

On top of closing on the seller’s timeline, MarketPro Homebuyers also helps pack, move, and clean up the homes they buy before the closing date.

They also cover moving expenses for sellers anywhere in the continental United States.

MarketPro Deals: Who actually buys your property?

MarketPro also has a separate website, MarketPro Deals, where real estate investors can bid on properties once the company has made an offer on them. So in some cases, it may actually be a third-party investor purchasing your property, not MarketPro itself. The company isn't transparent about this possibility on its website.

To bid, investors need to provide proof of funds and their company’s LLC documents. From there, MarketPro takes care of all the paperwork and communication for both sides of the transaction. You won't have direct contact with the investor.

Signing a purchase agreement with a wholesaler can result in a lengthy — and sometimes unsuccessful — home-selling process. So it's not typically recommended.

The good news with MarketPro is that the deal is guaranteed to go through. The company is obligated to step in and close the transaction if the investor fails to purchase your home.

Locations

MarketPro Homebuyers purchases and sells homes in 18 metros across Virginia, Pennsylvania, Maryland, and Washington DC.

Best alternatives to MarketPro Homebuyers

If you want a quick, all-cash offer from a buyer, MarketPro is far from your only option. Here are other avenues you can try:

Find a good local agent

In a hot market where homes are selling quickly, listing with an agent might be the best way to get the most money for your home. A top agent can use their network of local buyers and investors to find someone who'll purchase your home as is. You can even find a realtor who offers a discounted commission rate while still providing full service.

» FIND: The Best Low Commission Realtors and Brokers

Sell to an iBuyer

iBuyers buy houses slightly below fair market value, make minimal repairs, and then sell the homes for a profit. They operate only in select markets and have higher standards for the houses they purchase. Selling to an iBuyer might be a good option if your home doesn't need extensive repairs and you need to sell quickly. Most iBuyers can close in as little as two weeks.

Look into other cash buyers

Other cash buyers may give you a better deal than MarketPro Homebuyers, though probably not by much. Most cash buyers pay only about 70% of a home's value. This business model ensures they'll turn a profit after factoring in repair and renovation costs.

To easily compare cash offers from top local companies, try Clever Offers. You'll be matched with an agent who can help you understand your options and make an informed decision.

FAQ about MarketPro Homebuyers

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