Company News
Opendoor launches Buy + Sell in San Diego
Reading Time — 3 minutes
December 6, 2022
By Opendoor Team
Reading Time — 3 minutes
December 6, 2022
Buying or selling a home is complicated enough, but when you have to sell your current home to buy a new one, the need to coordinate multiple parties and timelines intensifies. But just as you use your phone to book a flight, hail a ride, or order groceries, imagine that you buy and sell your home the same way.
Now, homeowners in San Diego can do just that using Opendoor to both Buy + Sell their home, with complete control over the entire transaction. Homeowners get the flexibility they need, including lining up closing dates to avoid paying double mortgages or having to move twice.
When Stefen Blasingame and his family moved from New York to Arizona, they quickly bought a home, but they knew deep down it wasn’t their forever home. Two years later, the family’s dream home came on the market, and they didn’t want to delay. But they needed to first sell their current home, and then coordinate the big move. With young kids, Stefen and his wife didn’t want to uproot their family by moving multiple times, or even renting for a period of time in between homes. So they turned to Opendoor.
“We knew that if we were going to make the move a reality, Opendoor was our best bet to make that dream happen for us,” said Stefen. “It was really, truly on our own terms and we appreciated that, especially with our past experiences.”
One-stop shop
Like the Blasingame family, 65% of Opendoor sellers are also buyers. And customers want a one-stop shop when it comes to real estate: 82% of sellers nationwide say they would prefer to use one company for all real estate transactions. Opendoor provides that one stop, combining selling and buying into a single, seamless transaction. Here’s how it works:
Get an Opendoor offer on your home: Sell your home directly to us. Confirm a few details about your home, and we’ll make you a preliminary offer in minutes. Or, you have the option to list your home with an Opendoor agent.
Find your next home: Browse and tour any home on the market, with a member of our team or over a video call.
Buy your new home with our cash and save up to 11%*: You and your Opendoor agent will make an all-cash offer to the seller to buy the home, so there’s no loan contingency. To make it even stronger, there’s no appraisal contingency. And they’ll help negotiate on things like closing costs, give advice, and guide you every step of the way until close.
Cash offers could help buyers get their dream home and save up to 11% when competing against financed offers. On a $400,000 home, that could be as high as $44,000*.
We can buy it for you: If the seller accepts your offer, we’ll buy the home and hold it while you shop for a mortgage. When you find a loan you like, we’ll guide you through the process of buying the home back for the same price that we bought it for.
Close on your schedule: When your offer gets accepted, we’ll help coordinate your closing dates, so you don’t have to pay for two mortgages or two moves.
In 2021, we were excited to introduce a new way to tackle the challenges of moving the old-fashioned way for homeowners who need to sell and buy at the same time. In addition to San Diego, homeowners can Buy + Sell with Opendoor in Atlanta, Austin, Charlotte, Dallas-Fort Worth, Denver, Houston, Jacksonville, Los Angeles, Orlando, Phoenix, Raleigh-Durham, Riverside, Sacramento, San Antonio, Tampa, and Tucson.
Our vision is simple: buy, sell and move at the tap of a button. If you’re looking to sell and buy your home in San Diego, visit Opendoor.com.
*“A UCSD study of home sale data estimated that mortgaged homebuyers paid an average premium of 11% over all-cash buyers. Buying experiences may vary.”
