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Opendoor vs. Xome

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OpendoorXome
as of 05/21/2018
as of 06/04/2018
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Comparing different models Opendoor buys your home directly from you while Xome 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 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 Opendoor compared to Xome
Service
Opendoor
Xome
Home Purchase
Photography
Market Price Estimation
Open House
MLS Listing
Comparative Market Analysis