We want to consistently make a competitive offer and provide an excellent customer experience, which is why we are specific about the types of homes we buy and the markets where we buy them. Due to state and local regulations as well as market fluctuations, our buying criteria may change at any time. There can also be exceptions to what we’ve listed below. Get in touch, if you’d like more information on our process.
We buy the following types of homes:
- Single family homes
- Duplexes (certain markets)
- Condos (certain markets)
*We do not buy pre-fabricated or mobile homes.
We typically buy homes where our valuation is between $100K – $500K. However, the exact range differs by market. Curious about your home value? Get an estimate before requesting an offer.
We buy homes that sit on a maximum lot size of .5 an acre. In certain markets we will buy homes with a maximum lot size of 1 acre or 1.5 acres.
We typically buy homes built after 1960, but this can vary by market.
We can only buy homes within our service areas. We will buy homes that are in gated communities and age-restricted communities depending on the market.
*We are currently unable to purchase homes located in a flood zone.
Ownership & Occupancy
We only buy homes if the seller has clear ownership of the property. The home must also be owner-occupied or vacant at the time of closing.
*We do not buy homes that are owned by banks, government agencies, or government loan insurers.
*We cannot buy homes where there is a simultaneous closing ie “double escrow”.
Solar Panels & Solar Leases
We do buy homes with solar leases, but only if the solar lease has been pre-paid at or prior to closing.
Home Condition and Materials
We consider other factors related to the home’s materials and overall condition. The criteria below may impact our ability to purchase your home:
- Your home is being sold as a short sale or foreclosure.
- Your home has un-permitted additions.
- Your home has significant foundation issues, or was damaged by floods, fire, or other natural disasters.
- Your home has dated materials like polybutylene plumbing or masonite woodruff roofs.
- Your home has a well or septic system.
- Your home has an active organic growth.
Many of our criteria vary by city, and there can be exceptions. You can request an offer on your home at any time; it’s free, and there’s no obligation to accept. Have questions about your offer? Contact us to discuss our process.
Related Agents 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?
What happens if my client asks Opendoor for an offer directly?
I have a listing and I’d like to get an offer from Opendoor. How does that work?
Have more questions?
Our customer support is here to assist you. Contact our support
team via email or phone: 480-351-6622.