Online Real Estate Auction Marketplace Zome will launch a DIY sales platform for investors. Users of the platform will not need to use a real estate agent to complete a transaction, the company announced Wednesday.
Xome is an indirect wholly owned subsidiary of. mr cooper group We provide mortgage servicers with end-to-end asset marketing and disposition strategies, collection solutions, and real estate and data services. It also allows consumers and investors to buy and sell real estate online through the auction platform.
Through the DIY sales platform, investors in the Xome Marketplace will have access to real-time bidding information and the ability to manage their properties from listing to post-closing, with no real estate agent involvement or seller fees. Investors can upload properties, add photos, set a reserve price, manage bids and offers, and sign sales documents directly through the portal.
Xome users can also have real estate professionals assist them with their transactions if needed.
“We expect the real estate landscape to continue to evolve rapidly, and Xome intends to be at the forefront of that change,” Xome CEO Mike Rawls said in a statement. “Investors are looking for options when it comes to buying and selling homes, and they want more control over the process. That's why we're constantly optimizing our platform to meet buyers and sellers not only where they are, but where they want to go.”
The company says investors have access to a national network of more than 875,000 buyers through the platform's multichannel marketing support.
“Xome already has hundreds of sellers who have chosen to exit the traditional listing route, which is why we want to give investors the flexibility they are looking for to navigate a changing market.” said Mike Jansta, Chief Operating Officer.
“Whether our customers use their own trusted agent, get matched with one of our agents, or choose an agent-free DIY option, Xome puts investors in control of the entire process. Let me hold it.”
Xome said the DIY sales platform is part of its mission to “democratize the process of buying and selling homes.” More than 115,000 properties have already been sold on Xome's auction platform, according to a news release.