Looking at REX homes reviews, it’s clear the company does not have the best reputation. While they have received an overall 4.7 out of 5-star rating and have an A+ rating with the Better Business Bureau, REX is not without flaws. While positive reviews point to responsive professionals, negative ones focus on the fact that many homes don’t receive enough exposure on the MLS. Some even complain that REX underprices their listings to sell them more quickly.
4.7 out of 5
To differentiate itself from other real estate companies, REX has created a new model for home selling. They offer full-service real estate services for a fraction of the cost of traditional agents. The company’s technology uses artificial intelligence, machine learning, and data-driven algorithms to target the most likely buyers and sell homes faster. In doing so, REX helps home sellers sell their properties faster and for more money.
One of the main benefits of selling a home on REX is that you can save money on commissions. The REX home buyer rebate program offers a refund of up to 1% of the sale price to help buyers cover closing costs. However, buyers must be pre-approved for a mortgage to take advantage of this program.
2.5% listing fee
REX is a company that offers real estate services to buyers and sellers. Its advertised flat 2.5% listing fee is supposedly the industry’s lowest, claiming that it covers both sides of the transaction. However, REX admits that most sellers cannot find a buyer without the help of an agent.
This company advertises on social media and other referral websites, but it does not list your home on MLS. This limits its exposure to 90% of agent-represented buyers. This can reduce the likelihood of a fast sale. In addition, potential buyers may not even know your home exists if it is not listed on the MLS.
Full-service experience
If you’re planning to buy or sell a home, consider a full-service model with REX Homes. This company launched in Woodland Hills, CA, in 2015. They have an A+ rating from the Better Business Bureau, an average customer rating of 4.7, and have raised over $130 million in venture capital. Their service is used by many people every year.
The company has a history of selling homes in California. Their listings range from homes under $1 million to $44 million mansions. REX specializes in homes in the Los Angeles area. In February, the company sold a Malibu mansion for $44 million.
Marketing tactics
REX Homes is a company that lists homes without listing them on the Multiple Listing Service (MLS). They also promote the home on social media and referral websites, but REX reviews show mixed results. The homes are often difficult to find and may take longer to sell than MLS listings. The longer the home sits on the market, the lower its chances of being sold for its asking price.
The company is based in Austin, Texas. It was founded in 2015 by Jack Ryan and Lynley Sides and operated in 15 states and the District of Columbia.
Customer service
If you’re looking for a new home, you can use REX Homes for the sales process. If you want to skip the MLS, REX will list your home for 2.5% less than if you use a real estate agent. However, most sellers won’t find a buyer without using MLS. Besides, they will still have to pay the buyer’s agent’s commission if they do.
REX Homes is a real estate company launched in California and has since expanded to other states. During the first year alone, REX increased listings by 300 percent year-over-year. This represents homes worth over a billion dollars. The company says it saved customers $12 million in fees.
