Now Live: Opendoor, eXp Realty launch innovative product integration to support home sellers

A few months ago, we announced a partnership with eXp Realty to provide greater certainty for the millions of people who move every year. Towards that goal, today we’re launching our  integrated API tool, becoming the primary cash offer solution powering eXp’s ExpressOffers platform. 

Our partnership program, Opendoor for Agents, gives agents a simpler and more efficient way to support their clients. The launch of this product enables eXp Realty’s nearly 90,000 agents to easily request a cash offer on qualifying properties on behalf of their clients directly within their eXp dashboard, and present the Opendoor offer alongside the option of a market listing for the client’s home.

With today’s uncertain market conditions and fall throughs, our data shows that sellers overwhelmingly want three things: certainty, speed, and cash. The majority (87%) say that having certainty an offer won’t fall through is extremely important, followed by 74% wanting to sell as fast as possible, and 58% highly valuing a cash offer.

“Once I went into the portal and said that my clients had accepted the Opendoor offer, it was the smoothest, easiest process after that,” said Ellen Pool, eXp Realty agent in Houston, Texas. “The Opendoor option will be part of every single one of my listing presentations going forward. You never know what someone’s going to say yes to until you ask them.”

“At its core, this product integration was created for our shared customers. It enables more sellers to have the option of a certain cash offer from Opendoor brought to them by their trusted eXp Realty agent,” said Nick Boniakowski, Head of Agent Partnerships at Opendoor and a third generation broker. “Whether a seller is prioritizing the certainty of the sale not falling through, a quick transaction, or an all-cash offer, our product integration is delivering for homeowners nationwide.”  

Here’s how it works: eXp Realty agents can easily manage their client’s home selling process online, from offer to close.

• Get a preliminary offer in minutes: eXp Realty agents enter the seller’s address in their dashboard and answer a few questions. Once the preliminary offer is displayed in ExpressOffers, they will be directed to Opendoor to continue the process.

• Refer or represent sellers, and get paid either way: eXp Realty agents have the option to “Refer” or “Represent” their client. The agent will receive the final offer a few days later, followed by choosing the closing date. 

• Get paid within days of closing: Whether referring or representing, when the transaction closes, eXp Realty agents will be eligible for a commission and Opendoor's Agent Access points for additional rewards. 

If you’re an eXp Realty agent: Go to your ExpressOffers dashboard to begin the selling process for your client today.