Mark Spain Real Estate Reports on Charlotte Real Estate Market Becoming Top 5 for iBuyer Growth

CHARLOTTE, N.C. - March 11, 2020 - PRLog -- The iBuyer (instant buyer) movement has only existed since 2014. Media coverage of this new and faster way to sell one's home has experienced an uptick in the last year. But how is it affecting the Charlotte real estate market?

Mark Spain Real Estate, an independent real estate brokerage annually named to the Inc. 5000 list of fastest-growing, American private firms, has insights, both from an internal perspective and overall market growth. Mark Spain Real Estate implemented its Guaranteed Offer program a few years ago, allowing homeowners to sell their home hassle-free without showings or open houses and closings in as little as 21 days. Now, it's hard to miss, as the firm has billboards around Charlotte about its Guaranteed Offer.

Because Mark Spain Real Estate's Guaranteed Offer provides clients similar benefits to selling to an iBuyer, company founder Mark Spain monitors the iBuyer market. The number of homes sold through programs like Mark Spain's Guaranteed Offer has increased by over 300 percent since 2015, with the largest growth in the South and Southwest. The average home price in these areas is below the national median home price, allowing iBuyers to make strategic investments.

iBuyers were responsible for 4 percent of home sales transactions in four southern markets in the 2019 third quarter. iBuyers purchased an average of 3.1 percent of homes sold (compared to 1.6 percent a year earlier). Charlotte came in above the 18-city average at 4.3 percent,* making Charlotte the fourth most productive U.S. iBuyer market.

Selling a home through the Mark Spain Real Estate (https://markspain.com/charlotte) Guaranteed Offer program provides sellers the protection and expertise of a traditional real estate agent while allowing homeowners to close quickly. In the Charlotte real estate market, the Mark Spain Guaranteed Offer program experienced sustainable growth in 2019 with 382 percent more families selling their homes through a Guaranteed Offer versus 2018.

The overall growth of the Mark Spain Real Estate Guaranteed Offer, company wide across all markets in which they have an office, includes a 184 percent growth in requests for Guaranteed Offer and 484 percent more Guaranteed Offer closings year-over-year.

The firm broke the $1 billion annual gross sales benchmark for the first time, ending 2019 with over 4,200 transaction sides. Earlier this month, the firm held a grand opening for its larger Charlotte office, that's triple the size of its previous location to accommodate its growing sales team and client needs.

* Statistics all from recent Redfin report, "iBuyers Bought More Than 4% of the Homes Sold in 4 Southern Markets Last Quarter," December 2019