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Opendoor vs. REX Real Estate

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OpendoorREX Real Estate
as of 05/21/2018
as of 08/01/2018
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Comparing different models Opendoor buys your home directly from you while REX Real Estate offers a discount online service to sell your home.

What is Opendoor

Opendoor purchases your home directly from you. You can sell your home without listing it on the market and close on your own timeline. It is free to request a no-obligation offer from Opendoor. Offers are based on unique details and features of your home, recent comparable home sales around you, and market conditions and trends. If you are looking to buy, you can browse Opendoor's inventory and easily make an offer through their app or by getting in touch.

How Opendoor works

  • Request an offer from Opendoor, and receive an offer based on market data and unique information about your home.
  • Opendoor arranges a free home assessment. If there are needed repairs, you can take care of them or Opendoor will do the work and deduct the costs.
  • Set a closing timeline, and a title and escrow agent will set a time for you to sign the necessary documents. Opendoor will visit the home in a final walkthrough to make sure the home is still in the same condition.
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What is REX Real Estate

REX is a low cost full service real estate company that represents home buyers and sellers. You will get the service of a traditional agent while paying a significantly lower fee.

How REX Real Estate works

  • REX will list your home on the MLS and other syndicated sites.
  • REX runs a digital marketing campaign for your property that includes alternative channels such as Yahoo homes, Facebook, Instagram, and more.
  • Rex will manage, negotiate, and oversee offers you receive. They will negotiate with buyers, craft counter offers, assess contingencies, arrange appraisals, and offer legal help.
  • Your REX agent oversees and guides you through escrow, from the inspection to closing.
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Compare services

Service offerings by Opendoor compared to REX Real Estate
Service
Opendoor
REX Real Estate
Home Purchase
Digital Marketing
Social Media Marketing
Online Listing (Zillow, Trulia, etc.)
Remote Agent Assistance
In-Person Agent Assistance