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- According to multiple sources, REX Real Estate ceased operations in May of 2022. 1 2 To find an alternative to REX that's available near you, see our list of the best low commission real estate brokers. REX Homes is a discount real estate brokerage that offers reduced realtor commission rates for home sellers.
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My partner and I are currently in the very early stages of house hunting- found an ideal location, determined a budget, and are in the process of getting pre-approved. A number of the homes that are popping on our Zillow radar in the meantime are being sold through REX Homes.
I recently completed a home purchase with REX as my buying agent. With the REX system I found it surprising and pleasing to pay no fees from the buyer's end (included in the seller's fees). REX made what normally would be a stressful time (home purchase) painless and comfortable.
Buying My Home. Why is making an offer with REX easier than traditional methods? Do I need to qualify for financing for my offer to be accepted? How do inspections work with REX? What is the process after I make an offer on a REX home? Will REX handle all of my paperwork? How do I close the deal on a home?
- What Is Rex Real Estate?
- How Does Rex Work?
- Rex vs. Traditional Realtors
- Selling with Rex
- Buying with Rex
- Rex Real Estate reviews: Pros, Cons, and Areas of Concern
- Rex Alternatives to Consider
- Related Links
REX Real Estate’s business model attempts to help home sellers save on realtor commissions by cutting the buyer’s agentout of the equation. In a typical home sale, the seller offers 5-6% of the home’s sale price in total commission fees. The seller’s agent and buyer’s agent split these fees, each earning 2.5-3%. If you sell with REX, you’ll still p...
Most discount real estate brokeragescreate savings by lowering their listing fees and offsetting those discounts with various cost-cutting measures. REX’s strategy is different — and in our opinion, FAR riskier. REX doesn’t charge “less” than the other guys. Its 2.5% listing fee is roughly what you’d expect to pay a traditional listing agent. When ...
REX’s website claims its agents offer the “greatest service” at the “lowest cost.” But the truth is that listing with REX comes with HUGE disadvantages compared to listing with a traditional realtor.
In some respects, listing with REX should be a comparable experience to selling with a traditional brokerage. Your agent — or another REX team member — will assist you during each stage of the process. This includes support for things like: 1. Pricing 2. Professional photography 3. Open houses 4. Reviewing offers 5. Negotiating with buyers 6. Closi...
REX also offers savings for home buyers — but only if you’re buying a home that’s NOT listed by REX. If your purchase qualifies, you could earn a commission rebate worth up to 1.5% of the sale price. Lots of discount services offer home buyer rebates. These refunds always come with many terms and restrictions, so read the fine print to verify that ...
As REX Homes reviews show, this company offers some advantages compared to traditional real estate brokerages. But it’s important to weigh those benefits against the risks. Only then can you decide if REX is your best option, or if another discount serviceprovides superior value.
Although it claims to offer the “lowest fees” in the real estate industry, many REX Real Estate competitors offer much better value with a LOT less risk.
If you’re looking to save on realtor commission, REX Homes may not be your best option. We recommend reading the following resources to learn more about alternatives that offer better savings with fewer risks. What Companies Offer the Lowest Real Estate Commission Fees?: Which companies actually offer the lowest commission fees? Compare your option...
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- 2.5% (min. $9,000)
- 2.5-3%
- 5-5.5%
We work for you, not commission. With REX you get a dedicated licensed REX agent who will help price your home, provide a complimentary professional photoshoot, host showings and open houses, and everything else you need up through the sale of your house.
Jan 18, 2023 · REX Homes is a discount real estate brokerage that offers reduced realtor commission rates for home sellers. REX claims it can sell your house for a 2.5% commission fee, compared with the 5-6% average real estate commission rate that real estate agents typically charge.
Trying to submit an offer to REX, it's painful. Anyone w/experience or insight? UPDATE: I was finally able to reach the agent who's assigned to the property and get her contact information.
