Company News
Feels like home: Opendoor live in the SF Bay Area
Reading Time — 3 minutes
February 8, 2022
By Jessie Smith
Reading Time — 3 minutes
February 8, 2022
When we founded Opendoor in 2014, we had a handful of people working relentlessly in a one-room office in San Francisco. It was a small team with a simple but ambitious mission – empower everyone with the freedom to move, one that remains true today. Together we are changing a broken process and making it possible to buy, sell, and move at the tap of a button. Many of us at Opendoor have personally experienced the stress and uncertainty people face when moving, and we are determined to give homeowners a better way.
Eight years later, our team has grown, and we’ve proudly helped more than 100,000 people buy or sell a home in more than 44 markets in the U.S. Today, we’re coming full circle by launching one of our largest markets to date right here at home in the San Francisco Bay Area.
A Simpler Way to Sell in the Bay Area
With today’s launch, Opendoor is redefining how Bay Area homeowners move in the modern world. We’re delivering a tech-driven process that is simple, certain and fast. Whether homeowners are looking to upgrade, downsize, change neighborhoods or find the perfect place to pursue a passion or raise a family, Opendoor is giving Northern Californians the confidence and control to make life-changing moves.
By selling to Opendoor, homeowners avoid showings and manage their sale online. Homeowners can request a competitive, cash offer on their home through Opendoor.com. Currently, Bay Area houses built after 1940 and valued between $400,000 and $2.5 million are eligible for purchase. Additional buying criteria information can be found on the Opendoor website. From there, homeowners can have their home virtually assessed, decide if they’d like to move forward with the offer, and choose their closing date—so they can move on to their next chapter with ease.
Changing Bay Area Real Estate with Technology
There are countless reasons why people love living in the Bay Area, from the region’s breathtaking views to its diverse culture. But with so many draws and a notorious lack of available housing, San Francisco has also become known as a complex and dynamic housing market for homeowners, and we’re working to change that.
Over the past eight years, we’ve built the operational muscle and the deep technology needed to scale our business across the U.S., including a market as dynamic as the Bay Area. In fact when we first launched Opendoor in 2014, we were worried that pricing homes in this market would ultimately prove to be too difficult. But our investments in engineering, data science and pricing systems have enabled us to broaden the range of homes we buy and expand options for our customers.
In the Bay Area, we’re now able to purchase roughly 60% of homes, meaning we can support more customers in more areas. The reason we’re able to reach such an incredible breadth of homes? The strength of our pricing and operational capabilities. Our Bay Area coverage spans across more than 200 ZIP Codes in several counties from Sonoma to Santa Clara.
Scaling our Talented Team in the Bay Area and Across the Country
As our footprint has grown, so has our team, and we’re just getting started. In order for us to achieve our vision of making buying and selling a home as simple as the tap of a button, we need to continue to scale our business with top talent across Engineering, Design, Pricing, Operations and more. If you’re excited by the opportunity to change the status quo in the trillion-dollar real estate industry – check out our open roles.
At Opendoor, we’re powering life’s progress, one move at a time. And we’re excited to serve even more customers in the place where our company was founded. Considering a move? Visit Opendoor.com.
