Frequently Asked Questions

Buyers FAQs

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?
What does it cost to purchase a home from Opendoor?
How do I visit an Opendoor home?
Why should I buy an Opendoor home?
How does buying from Opendoor work?
How does the closing process work when you buy from Opendoor?
Which inspections should buyers consider?
Inspection Contingency
What is an Option Period?
Earnest Money Deposit (EMD)
Which contingencies should I include in my offer?
Appraisal Contingency
Loan Contingency
Home Sale Contingency
Closing and recording
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 should I offer?
What happens after I create an offer with 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.