We created a new model for selling a home, often called iBuying. Sellers who work with Opendoor skip the costly preparation, frequent showings, and months of uncertainty that come with the traditional process. Instead of listing your home on the market and waiting to find a buyer, Opendoor purchases your home from you. You also get to choose your close date to avoid expensive double-moves, double-mortgages and storage units.
Opendoor aims to provide a competitive, all cash offer for your home and takes a single service charge that enables us to provide a streamlined experience from offer to closing. The charge is based on how long we predict it will take to sell the home, and currently is no higher than 5%. Our service charge also helps us cover costs like maintenance, utilities, and taxes while we’re holding the home so you can move on to what’s next.
For additional information, check out our blog post on how Opendoor’s cost compare with a traditional home sale.