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The service fee charged by Open Door covers their expenses for buying and reselling homes, including holding costs, repairs, and administrative expenses. The service fee typically ranges from 5% to 7% of the home’s sale price and is deducted from the final offer.
To finalize your offer, we conduct a walkthrough of most homes. During the walkthrough, one of our team members will take photos and a short video of your home to review a few details: Layout, ke...
- How Repairs Work in A Traditional Sale
- The Opendoor Home Condition Assessment
- Getting Started Is Easy
When you sell your home the traditional way, you’ll usually do two rounds of repairs. The first round happens before you put your home on the market—you’ll invest in repairs to get your home “show ready” for open houses and showings.
When you sell to Opendoor, you only need to think about repairs once. Because you don’t need to list your home to get an offer from Opendoor, you don’t need to spend time and money worrying about the fresh paint, new carpet, and curb appeal you’d normally invest in to get your home “show-ready”. We’ve streamlined the repair process so it offers mor...
Start by requesting an offer, the process is simple and takes about ten minutes. After you tell us about your home online, our goal is to have a competitive, all-cash offer in your inbox in 24-48 hours (market dependent). If you like the offer, you can then schedule the home condition assessment when it’s convenient for you. You’ll also have the op...
- 1 Post St, Fl 11, San Francisco, 94104
Jan 31, 2017 · It takes a service fee of 6%, plus a fee that assesses the riskiness of the transaction, bringing the total charge to an average of 8%. Opendoor appeals to home sellers who value the certainty of a sale over getting the highest price and home buyers who value the flexibility and freedom Opendoor is offering.
Oct 3, 2024 · Yes, Opendoor is legit. It’s a real estate company that buys homes for cash and it’s available in 50+ markets across the US. The Opendoor business model relies on charging sellers service fees of approximately 5% and reselling homes for a profit. The fees it charges are used to cover its carrying and resale costs.
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- Opendoor's cash offers could be worth it if selling fast is your top priority. Opendoor can close on your home in as little as 14 days. However, if...
- No, Opendoor is upfront about its pricing structure and doesn't charge hidden fees. Selling to Opendoor typically costs 7–10% of your home's sale p...
- Opendoor's preliminary offer is automatically generated, and the company will make it within 48 hours. Opendoor's final offer is based on a virtual...
- As a seller, you can try to negotiate your Opendoor offer. However, the company doesn't usually adjust its offer unless it made a significant error...
- Yes, you can cancel your Opendoor contract at any time before closing, with no cost. This is one of the perks of selling your home to Opendoor as o...
Dec 26, 2023 · Opendoor ensures that its clientele are provided with support even after the transaction has been consummated. This continuity of service is reflective of their commitment towards ensuring customer satisfaction and enhancing overall user experience.
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CA: Opendoor Brokerage Inc. DRE #02061130. NY: Licensed as Opendoor Brokerage LLC, Fair Housing Notice. TX: TREC Information About Brokerage Services, TREC Consumer Protection Notice. Opendoor Labs Inc. is working with Accessible360 to enhance the accessibility of our websites and mobile applications. We view accessibility as a continually ...
