Guaranteed Purchase

Frequently Asked Questions

What price will you buy my home for?

We agree to a price ahead of time based on our market analysis of your property. If you don’t agree, you don’t accept it. It costs nothing to find out what we will offer.

What is the cost of the program?

Marketplace Homes will buy your home for fair market value and charges a 10% commission. This works out to be about what you would net out with a traditional agent.

How fast can you close?

We close on the old home the same day as the new home and can be as fast as 1 week. A typical timeframe is about a month on a completed inventory home for a builder. We also can close as far out as 6 months to 12 months if your build time is longer.

Can I buy a used home?

Marketplace Homes specializes in new construction homes, so our Guaranteed Sale program and 1% listing are exclusive to buying a new home.

Are you my agent?

Marketplace Homes will act as the buying agent on the new home and will be the buying agent on the old home.

What if I am moving across the country?

We are uniquely set up to be able to purchase in your state and assist when you buy in another. We operate in most areas that many wish to move, but not all.

What if I have multiple homes?

We often purchase multiple homes if you buy a new home. Many times this has assisted newly married couples that have 2 homes and are consolidating households. Imagine the stress of lining up all of those closings! Much simpler to have them all close at the same time and move into a new home, wouldn’t you agree?

What if I can’t get a loan?

You need to pay cash or have a good source for funding your new home. We work with many professionals and can offer recommendations for preferred loan officers, but we are not a financing company.

What is the cost if you buy the home?

We purchase the home at fair market value less a 10% commission. If you had a $100K home, you would net $90K from our purchase. That is about what you would get with a traditional agent. Consider, they charge 6%. You often have to pay 2% in concessions and 2% in price negotiations. Plus, you can not control the timing and may have double moves or double payments.

No one visits my home… how do you know how awesome my home is?

We believe that speed is very important in real estate. In this market homes are sold very fast and if you found your dream home, you need to act quickly and get a value for your old home fast too. Technology has evolved to a place that we can get interior and exterior pictures of your property prior to even speaking with you, 95% of the time. This allows us to value and price your home in about a day. If you home isn’t in our system, we might need to request interior pictures from you.

How do you value homes?

We use advanced automatic algorithms, but we also manually underwrite each offer based on comparable sales and our market knowledge. This means our experienced team reviews every home to make sure that human experience can differentiate between a fully updated home and one that isn’t so hot. Additionally, our local team must review your property for accuracy as well.