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Redfin vs. Xome

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RedfinXome
as of 05/21/2018
as of 06/04/2018
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What is Redfin

Redfin is a low cost full service real estate brokerage that represents home buyers and sellers with their local agents. You will get the full service of a traditional agent while paying a much lower commission. Redfin agents get paid bonuses based on the review their clients give them, so they are highly motivated to provide the best possible service when helping you sell your home. Since launching in 2006, Redfin has sold over 120,000 homes and saved customers over $400 million.

How Redfin works

  • Redfin will recommend local professionals to get your home cleaned, painted, landscaped, or fixed. They will then pay for professional photography and a 3D scan for potential buyers to tour your home remotely.
  • After a consultation and walk through of your home, your Redfin agent performs a Comparative Market Analysis (CMA) for pricing guidance. Your home is then listed on the MLS and other syndicated sites.
  • Redfin will install a for sale sign in your yard, directional signs around your neighborhood, create custom flyers and brochures, run targeted email campaigns, hold open houses, and develop a marketing plan to sell your home.
  • Redfin will manage, negotiate, and oversee offers you receive. Once you have an offer you like, your agent will send a ‘Last Call’ email that can potentially lead to more offers and a higher sale price.
  • Your Redfin agent oversees and guides you through escrow, from the inspection to closing.
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What is Xome

Xome will sell your home at no cost to you, with the help of a full service local agent. In addition to being listed on the MLS and online listing sites, your home will also be listed on the Xome Offer Marketplace. The Xome Offer Marketplace is a auction platform that allows buyers to bid on your home. You will have full control over the pricing and the decision of selling. You will not have to pay any commissions, as Xome charges the buyer a commission.

How Xome works

  • Submit home and contact information
  • Xome agent calls you to coordinate initial listing documentation
  • Agent coordinates a marketing plan for your house
  • Your home will be listed on the MLS and syndicated sites
  • Schedule your home to be listed as a featured listing on the Xome Offer Marketplace
  • Xome agent coordinates home showings
  • Your agent will guide you through reviewing offers
  • Your agent guides you through closing
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Service offerings by Redfin compared to Xome
Service
Redfin
Xome
Photography
Comparative Market Analysis
MLS Listing
Listing Syndication
For Sale Signs
Manage Offers