Online brokerage firm Rex Real Estate has expanded its offerings with a 30-day home buyback guarantee.
The Woodland Hills company, which charges a 2 percent total fee to sell a home, said that if a Rex buyer isn't satisfied with his or her new home for any reason, the company will buy it back at full price within 30 days of closing. However, the offer has a few terms and conditions designed to protect consumers who intend to live in the house and prevent abuse by speculators.
“The home buyback program enables us to offer greater peace of mind to buyers,” Rex Chief Executive Jack Ryan said in a statement. “We are proud to offer this extra layer of protection, that we hope will exceed expectations on one of the biggest purchases consumers will ever make.”
Rex also has partnered with International Association of Certified Home Inspectors on a 90-day Home Buyback Guarantee. It will be offered after a home inspective if material defects are revealed that were missed, such as issues with the foundation or roof.