Frequently Asked Questions
General
What are Opendoor Exclusives?
Do I need to pay to access Opendoor Exclusives?
How does the process work?
How is buying an Opendoor Exclusive different from the typical buying experience?
Why can’t I find these homes on other listings websites or on MLS?
What happens once the 14-day Exclusive period ends?
More details on the buying process
How often are new Opendoor Exclusives released?
What does "Add to Watchlist" do?
How can I tour an Opendoor Exclusive?
Do I need to work with an agent?
Can I use an Opendoor Partner Agent to purchase an Opendoor Exclusive?
What kind of contract will I sign?
What do I need to set up a contract?
Do I need proof of financing to set up a contract?
Should I get the home inspected?
Pricing and Perks
How does pricing work? Can I negotiate the price?
Why can I buy this home now for less than it will list for?
Why wouldn’t I just wait for it to list?
What if the home appraises for less?
What is the Appraisal Price Match Guarantee?
What if I go into contract and change my mind?
If I’m working with an agent, how are they compensated?
Do I need to use Opendoor Home Loans to purchase an Opendoor Exclusive?
Can I use an Opendoor-Backed Offer to purchase an Opendoor Exclusive?