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Opendoor offers a way to sell your home for any situation, with a built-in cash offer or a market listing. Learn how to get an estimated offer, see the breakdown of costs and fees, and explore the market with Opendoor.
- Should You Use Opendoor?
- How Much Does Opendoor Pay?
- Opendoor Fees
- Opendoor vs. Competitors
- Opendoor vs. A Realtor
- Opendoor Reviews
- How Does Opendoor Work?
- What Kinds of Homes Does Opendoor Buy?
- Where Is Opendoor available?
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Opendoor could work well for you if you: 1. Need a fast home saleor flexible closing timeline 2. Have a home in relatively good condition but want to avoid repairs and showings 3. Are willing to sell for less than fair market value in exchange for selling your house as is If you meet Opendoor’s purchase criteria, you can get a higher offer than inv...
“One of the clear disadvantages post-2020/2021 is you can expect [Opendoor] to give you a lower price than a traditional MLS listing,” says a Reddit userwho sold his home to the company in early 2024 for about $8,000 less than a realtor’s suggested price. Another Reddit userclaimed their Opendoor offer was a full 15% below market value. They ultima...
Opendoor’s service fee is 5% of your home’s sale price (on par with the average real estate commission), but the total cost ranges from 7–10%+ when you include repair deductions and closing costs. Repairs are typically one of the biggest costs associated with selling to Opendoor, but they can be especially difficult to predict. For example, Jesse Z...
Opendoor competitors include other iBuyersand “we buy houses” companies. Both options can give you a cash offer within days. But iBuyers only buy homes in good condition, and they offer closer to market value. “We buy houses” companies are more willing to take on homes in poor condition, but they rarely pay more than 70–85% of what they think they’...
Another option is to list on the multiple listing service (MLS) with a realtor using a cash offer as backup. When you use a traditional real estate agent to sell your home, you usually pay 5–6% in agent commissions, 1–2% for seller concessions, and another 1–2% for closing costs. That’s a total of 7–10% to sell with an agent — right around what you...
Opendoor reviews from customers are generally positive, with an average rating of 4.2/5 across 3,800+ reviews. But not all reviews for Opendoor are positive. In fact, the company has 139 complaints on its Better Business Bureau page and poor-to-average ratings on both Google and Trustpilot. Here are some common themes among Opendoor customers.
Sell to Opendoor | Offer Lock | Buy from Opendoor | Buy & Sell You can sell your home to Opendoor using the company’s iBuying service, or you can list with an Opendoor agent and use its cash offeras a backup. You can also buy a home directly from Opendoor, buy a home on the open market with one of its agents, or trade in your home for a new one usi...
Opendoor doesn’t make an offer on every home. The company is typically only interested in buying homes that meet specific criteria. Opendoor doesn’t make offers on homes that are mobile, prefabricated, or located in a flood zone.
Opendoor is available in over 50 metro areas — far more than any other iBuyer. However, the company doesn’t offer all its services (such as Opendoor Exclusives) in every market. You can see a complete list of markets and available services here.
Offerpad Reviews: How Does It Compare to Other iBuyers?Offerpad is an iBuyer that offers a flexible closing date to home sellers. In this complete guide, you’ll learn how the company works, how real customers feel about the company, and the pros and cons of selling your home to Offerpad. Offerpad vs. Opendoor vs. Knock: Which Should You Choose?Offe...
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Opendoor is a service that offers cash offers for homes and helps you move without the hassle of listing, showings and months of stress. You can also browse homes for sale on Opendoor and find your next dream home.
Jan 28, 2024 · What fees does Opendoor charge? Opendoor’s service fee is 5%, which is the same as what Offerpad, the other main iBuyer, charges. On top of its service fees, you’ll also pay closing costs and repair estimates. Here’s how the total fees break down: Service fee: 5%; Closing costs: ~1%; Repairs: Varies; Total: ~6%, plus repair fees
- Yes, Opendoor offers are legitimate. It's the largest iBuyer in the U.S., operating in more than 50 cities. Opendoor provides quick, all-cash offer...
- Opendoor says it is willing to negotiate by phone or email until an agreement is reached, but you'd need to show that the company made a significan...
- Selling to Opendoor is worth it if you’re comfortable handling everything online in exchange for a quick sale. You'd likely pocket more money by wo...
Whether you sell directly to Opendoor, on our exclusive marketplace, or on the multiple listing service (MLS) — all of our ways to sell include an offer from Opendoor. That offer is yours to consider as you explore your selling options.
Jan 29, 2024 · Services include: Opendoor Complete: This service bundles buying, selling and closing into one theoretically seamless transaction. If you want to buy a new home using the proceeds from the...
Opendoor offers a simple and convenient way to buy homes without bidding wars or stress. You can tour and buy Opendoor-owned homes on your schedule, pay one simple price, and get your money back if you change your mind.
