Frequently Asked Questions

Buyers FAQs

You don’t use lockboxes. How do I get into an Opendoor home?
My buyer wants to write a contract on one of your properties. What’s next?
Do I need homeowners insurance?
Should I buy a home warranty?
Do you negotiate on the price?
Do I need to qualify for financing before I submit an offer?
How long does the home buying process take?
I have an agent already. Can I buy an Opendoor home?
How can I buy an Opendoor home?
What is the Opendoor Guarantee?
How many homes does Opendoor have available for sale?
What’s different about Opendoor homes?
Which inspections should buyers consider?
What is an inspection contingency?
What is an Option Period?
What is an earnest money deposit (EMD)?
Which contingencies should I include in my offer?
What is an appraisal contingency?
How is a loan contingency?
What is home sale contingency?
What is closing and recording?
What is escrow?
What financial docs to I need to buy a home?
What makes an offer competitive?
How are pre-qualification and pre-approval letters different?
How do I write a competitive offer?
Should I write an offer letter?
How much are closing costs?
How much should I offer?
What happens after I create an offer with Opendoor?
How does the closing process work when you buy an Opendoor home?
How do I visit an Opendoor home?
Why should I buy an Opendoor home?
What does it cost to purchase a home from Opendoor?
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Have more questions?

Our customer support is here to assist you. Contact our support
team via email or phone: 480-351-6622.