Opendoor is a real estate technology service created for home buyers and sellers to simplify the experience of buying and selling a home. When a seller requests an offer for their home, Opendoor uses market data and information provided by the seller to present an offer. The seller then reviews the offer, and if they approve, Opendoor will complete the work. Sellers are paid within a matter of days so they can focus on purchasing their next home. When purchasing, buyers can visit Opendoor homes on their own time and access the service using Opendoor’s mobile app. Once buyers have found the home they love, Opendoor will assist in making an offer. Every home sold through Opendoor has a 30-day satisfaction guarantee, so buyers are able to purchase with confidence. Not only does Opendoor work with homebuyers and sellers, but the company also transacts with agents who represent both parties. Opendoor offers competitive commissions both to real estate agents who refer sellers to Opendoor, and to those representing buyers on Opendoor listings. This process allows real estate agents to give their sellers peace of mind with an all-cash offer.
In the future, Opendoor will feature a preferred agent partnership where real estate agents can partner with Opendoor to better serve local homeowners and buyers. Founded in 2014, Opendoor is headquartered in San Francisco and has over 700 employees across different home markets. This innovative company has served more than 20,000 customers in making their move easy. Opendoor operates in 14 cities across the United States and has been recognized by Inman News as the most innovative company in real estate.
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