What is it?
ExpressOffers is our proprietary iBuying software platform that connects eXp Agents to our marketplace of Institutional Investors (iBuyers). You identify properties for the investors using their Buy Box criteria and receive the normal commission that you would negotiate for the listing side of the transaction. ExpressOffers potentially gives you a cash buyer for the sellers depending on their unique situations.
As an eXp agent, you begin by completing certification training specifically designed to build your skills as a trusted advisor allowing you to aggregate offers from our marketplace of iBuyers. You'll review buy boxes in your area to understand what the investors available to you are looking for. Then, you’ll identify sellers who may need this convenience option. Once you submit a property to the ExpressOffers Platform, the iBuyer has the option to Offer or PASS. If you receive and offer, you'll present to the seller. If seller accepts, you'll proceed like any other residential real estate transaction. At closing, you would receive the normal commission that you would negotiate for the listing side of the transaction.
What is an iBuyer?
An iBuyer is a company, investor or group of investors that use technology to make an offer on your seller's home within minutes (or days), sight unseen, based on a proprietary valuation model. If your sellers choose to accept the offer, they can ...
Texas State ExpressOffers Procedures
Watch this explanation video with your Texas state broker, Julie Floyd! Situation 1: Do you have this property already under a Listing Agreement? YES: STOP. Reach out to your Managing Broker. All ExpressOffers MUST represent the iBuyer, Intermediary ...
Colorado ExpressOffers Procedures
Jes and I created a video to explain why we have to do the procedure this way. Watch it here. Situation 1: You found an off market property that would be a candidate for the ExpressOffers program: Check to ensure the property completely fits a Buy ...
How do I use the chatrooms feature in ExpressOffers?
The Chatrooms feature is used when an iBuyer initiates contact with you. This live chat feature was created for iBuyers to ask you questions and get more information about the properties that have been submitted to them. How does it work? Only the ...
Louisiana ExpressOffers Procedures
When you do a listing presentation with a seller and believe the house might be a prospect for an iBuyer, you will complete a normal listing agreement with the seller along with all documents required. You will then write an addendum to the listing ...