A house I had an interest in was placed for sale on the Xome.com platform. My realtor signed up but was required to also enter the buyer's info.
She submitted a pre-bid but was informed it was rejected. But when the bidding started my pre-bid was shown as the highest bid. This I found very strange.
Then almost immediately I began receiving marketing materials to bid on other properties. This I found to be extremely unprofessional and unethical. Why were they trying to sell me other properties without contacting my agent? Why were they even contacting me directly?
All of this suggests to me this company plays hard, fast and very loose with the real estate norms we expect in a transaction. After reading the low success rate here, I doubt I will participate in any further auctions.
Bottom Line: No, I would not recommend this to a friend
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