eXp Realty outlines innovative strategies for selling vacant school buildings

The Real Estate Meeting held on June 30, 2025, in Missouri focused on the collaboration between local government and eXp Realty regarding the sale of distressed properties, particularly vacant school buildings. The meeting began with an introduction from eXp Realty representatives, who expressed their enthusiasm for the partnership and outlined their extensive experience in handling distressed properties.

The first significant discussion point revolved around eXp Realty's qualifications. A representative detailed their 12 years of experience as REO brokers, working with major financial institutions such as Bank of America and Fannie Mae. They emphasized their familiarity with the complexities of selling distressed properties, including the importance of understanding timelines and working closely with local municipalities and property preservation companies.

The conversation then shifted to specific examples of properties similar to the vacant school buildings. eXp Realty representatives shared their experience working with nonprofits, highlighting their ability to assist these organizations in meeting bank criteria and managing necessary renovations.

Marketing strategies for the properties were also a key topic. eXp Realty outlined a multi-faceted approach that includes leveraging their company website, commercial real estate platforms, and an extensive network of investors and nonprofits. They emphasized the importance of grassroots marketing and building relationships within the community to identify potential buyers.

The representatives addressed concerns about selling buildings with significant structural damage. They explained that pricing the property appropriately based on its condition is crucial for attracting buyers willing to invest in repairs. They also discussed the potential need for structural assessments to provide buyers with accurate information regarding repair costs.

Community engagement was another important aspect of the meeting. A question was raised about how eXp Realty would involve the community in the selling process and ensure that developers consider local needs, such as low-income housing and community centers. The representatives acknowledged the importance of community input and expressed their willingness to facilitate discussions between developers and community members.

In conclusion, the meeting highlighted eXp Realty's commitment to effectively marketing and selling distressed properties while addressing community concerns. The representatives emphasized their readiness to collaborate with local stakeholders to ensure that the sale of properties aligns with community interests and needs. The next steps involve further discussions with the local government and community members to refine their approach and strategies for the upcoming sales.