Learn The Truth About MarketPro Homebuyers (How It Works + Reviews)

By 

Emily Kordys

Updated 

May 18th, 2021

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What is MarketPro Homebuyers? | Pros and cons | Locations | How it works | Customer reviews | MarketPro vs. a realtor

Editor’s Take: Selling to a cash buyer like MarketPro Homebuyers is only a good choice if you have no other options. While they can buy your home quickly — even if it’s in poor condition — you could be losing out on the opportunity to sell for tens of thousands of dollars more on the open market. 

MarketPro Homebuyers is a real estate company located on the East Coast that purchases homes for cash. They also operate a listing portal where real estate investors can find properties.

Homeowners should consider selling to MarketPro if their homes are in poor condition or they need cash quickly. The company purchases homes in as is condition — with no need for repairs — and can close in as few as seven days.

The tradeoff is MarketPro Homebuyers will offer you less than the full market value on your home — meaning you could potentially be losing out on the opportunity to net more money on the open market.

» CONNECT: To an agent and get a free comparative market analysis to learn how much your home is actually worth

MarketPro Homebuyers, at a glance
⭐⭐⭐⭐(4.3 stars, 172 reviews)
Closing time 
As little as seven days
Offer time 
Offers can be made the same day
Maryland, Southern Pennsylvania, Northern Virginia, and the District of Columbia
Service fees 
None
Other companies owned by MarketPro
MarketPro Deals

What is MarketPro Homebuyers?

Launched in 2018, 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, MarketPro streamlines the real estate transaction process by offering homeowners a quicker alternative to a traditional sale. The company offers to pay all cash for homes in any condition — 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, they do one of three things:

  • Make repairs and sell it (house flipping)
  • Hold the property and rent it out
  • Sell the property to an investor on MarketPro Deals

There are no service fees or closing costs when you sell to MarketPro.

Is MarketPro Homebuyers legit?

MarketPro Homebuyers is a legitimate business that buys homes for cash.

However, we found that they can be less upfront than other cash buyer companies like We Buy Houses.

In addition to being a cash buyer, MarketPro is also a wholesaler, meaning they find sellers, get them to sign a purchase agreement, and then assign that contract to another interested buyer. They do not make this readily apparent on their website.

In some cases, 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 for homeowners working with MarketPro is that the deal will go through regardless of what happens as they are obligated to step back in and close the transaction if the investor fails to perform.

Here's how MarketPro's wholesaling operation works:

The company has a separate website for their wholesaling operation: MarketPro Deals. Using this site, real estate investors can bid on properties once they provide proof of funds and their company’s LLC documents.

MarketPro takes care of all communication for both sides of the transaction. You never have to worry about being in contact with the investor.

And while an investor may be the one purchasing your home, MarketPro keeps all of the contract agreements separate. Your initial agreement with MarketPro will allow them to assign the property to an investor. The investor will then sign a separate contract with the company stating the terms of the assignment agreement.

Does your home qualify for MarketPro Homebuyers?

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:

🧳 Life changes
Relocating, divorcing, looking to downsize
😰 Financial trouble
In foreclosure, falling behind on mortgage payments
🔨 Inheritance issues
Probate, power-of-attorney concerns
🏚️ Trouble selling 
Poor condition, landlords who want an exit, vacant homes

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.

What does this mean for you as a seller? You’re likely to get a cash offer since the company needs houses to keep up with the demand from investors.

Pros and cons of using MarketPro Homebuyers

 Pros
  • Ease and speed. You’ll receive a no-obligation offer the same day that MarketPro Homebuyers conducts their inspection.
  • Choose your own closing date. When you sell to MarketPro, you can choose your own closing date – no matter how far out it may be. 
  • Moving and packing expenses are covered. MarketPro will pay for all of your moving expenses when you sell your home to them — even if you're moving across the country. This isn't something that other cash buying companies typically offer.
❌ Cons 
  • Lower sales price. MarketPro claims they offer 10% below what you could net with a real estate agent. You could potentially be missing out on thousands of dollars. 
  • Limited market availability. MarketPro Homebuyers is only located in the Northeastern region of the United States.

Locations

MarketPro Homebuyers purchases and sells homes in Northern Virginia, Southern Pennsylvania, Maryland, and Washington DC.

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:


Selling to MarketPro
Selling with an agent
Sale Price
$229,500
$300,000
Realtor commission
None
$18,000 (6%)
Closing costs
None
$9,000 (3%)
Repairs
None
$18,000 (6%)
Net earnings
$229,500
$255,000

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.

Customer reviews

Customer reviews for MarketPro Homebuyers are very positive, with aggregated ratings from Google Reviews, the Better Business Bureau, and Facebook giving the company over four stars.

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 the reviews 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 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.

Selling to MarketPro Homebuyers vs. selling with a real estate agent

Sellers could make tens of thousands of dollars more on the open market with a real estate agent than if they sold their home to a cash buyer, like MarketPro Homebuyers.

This is because cash buyer companies try to purchase homes for a fraction of the price. MarketPro says they pay sellers 10% less than what they could net with a real estate agent after all expenses are paid. And while this may seem like a good deal, it's in the company's interest to exaggerate how much commission fees and repairs might cost.

You should only work with a cash buyer if you’ve exhausted all of your other options. We encourage sellers to interview qualified local agents and ask them to help you evaluate all of your options.

If you're looking to sell your home fast and are unsure of which way to go, Clever can help! Get in touch to speak with our team of real estate experts who can help assess your situation and connect you with the best solutions for your needs.

FAQs about MarketPro Homebuyers

Does MarketPro Homebuyers pay for closing costs?

Yes, the company pays for any and all closing costs. 

Does MarketPro Homebuyers help sellers in foreclosure?

The company does help homeowners who are facing foreclosure. The process does not differ from a typical purchase. They have to work with the bank’s trustee to ensure the settlement takes place before the bank purchases the home. 

Does MarketPro Homebuyers help sellers going through the probate process for an inherited home?

Yes, they work with inheritance situations frequently. They can put the home under contract and offer to handle and pay for legal costs.