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Use our home sale calculator to estimate the cost of selling and the net proceeds you could earn from the sale. Home sale price Enter the selling price of your home. Real estate agent fees In a traditional home sale, the seller pays fees to both their agent and the buyer's agent. It's common for the total commission to be around 5-6% of the ...
- How much does it cost to sell a house? - Opendoor
According to Realtor.com, sellers typically pay between 1%...
- How selling works - Opendoor
Our experts can walk you through how Opendoor is different...
- How much does it cost to sell a house? - Opendoor
According to Realtor.com, sellers typically pay between 1% and 3% on average at closing. If you’re hoping to sell your home for $250,000, you could potentially pay $2,500 to $7,500 in closing costs. Closing costs are usually lower for the seller because there are fewer fees involved.
- 1 Post St, Fl 11, San Francisco, 94104
- How Much Are Opendoor Fees?
- Opendoor vs. Realtor Fees
- Opendoor Fees vs. Competitors
- Does Opendoor Charge Hidden Fees?
- Bottom Line: Are Opendoor's Fees Worth paying?
When you sell to Opendoor, you pay a 5% service fee, plus the typical 1% in closing costs. Closing costsinclude title fees, transfer taxes, and prorated property taxes. You also pay for any repairs that Opendoor thinks are necessary after its home inspection. Repair costs can vary widely from seller to seller. We talked to Opendoor customers who pa...
Opendoor's 5% service fee is comparable to the 5–6% realtor commission you’d pay in a traditional home sale — although you can generally save a lot on realtor fees with a reputable low-commission brokerage. However, the most important factor isn’t fees, but the overall profit you’ll get from your home sale. You’ll usually make more money selling wi...
Opendoor’s main competitor is Offerpad. Offerpad charges a 5% service fee in line with Opendoor's 5%. But whether you'd sell for more with Offerpad or Opendoordepends on your situation, including repair costs. We talked to Bradley Carpenter, a seller in Kansas City, who got offers from both companies. He told us, “Offerpad's initial offer was highe...
Opendoor doesn't have hidden fees. The company prides itself on transparent pricing. However, repair costs might be significantly higher than you anticipated — and Opendoor's final offer could be much lower than your original estimate. This situation is mentioned in several Opendoor BBB customer complaints. For example, Jesse Zappia told us that Op...
Whether Opendoor's fees are worth it depends on how much profit you're willing to sacrifice in order to avoid the traditional listing process. Jesse Zappia, who sold his home to Opendoor in 2022, said this about the trade-off: "We were in a position where taking ... less money was worth it for us. If you go in with that mindset, it's great. But if ...
Sep 22, 2024 · Our analysis of roughly 200 homes bought and sold by Opendoor between December 2022 and September 2024 showed that Opendoor sold properties for an average of 5.64% more than it originally paid, or roughly $23,000 per home. Factoring in Opendoor's 5% service fee, sellers paid an average premium of more than 10% for the convenience of selling to ...
Our experts can walk you through how Opendoor is different and help you decide if it’s right for you. Call 888-352-7075 or email at support@opendoor.com. Call us.
- 1 Post St, Fl 11, San Francisco, 94104
When you request an offer, you’ll be connected with a Customer Experience Partner who can answer any questions you may have. You can also reach our support team via email or phone. Email: support@opendoor.com. Phone: 1-888-352-7075 (available 5:00 AM - 7:30 PM MST) When you sell to Opendoor, you’re choosing to streamline the home sale ...
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Sep 23, 2023 · Advertisement. Opendoor offers are close to market value, though they charge a service fee of 5% of the sale price, plus closing costs estimated at 1 to 2% and repair costs estimated at 1 to 3%. Overall, the amount you'll pay to sell to Opendoor is about the same as using an agent and, perhaps, slightly less. The offers are fair, and the entire ...
