Opendoor

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Opendoor

Overall Rating

3.9

234 Customer Reviews

Summary

Opendoor’s tech-driven homebuying platform presents an attractive option to sell your home fast. Our review will help you decide if it is the right service for you.

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Customer Reviews

3.9 Stars out of 234 Reviews
5 Star:66% 4 Star:4% 3 Star:0% 2 Star:4% 1 Star:23%
72% Recommend This Company
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Posted on Sep 4, 2018

Not what we were told

By Erin K., Texas, Verified Reviewer

We are still in the process of selling our house, so I'm writing this hoping they make it right. We were given an initial offer that seemed fair based on the condition of our home and the current market. We set up the inspection which went great. There was only about 2k worth of repairs, $1600 of it which we can fix ourselves. When we got the repair estimate back we were also called and hit with a $16k valuation credit because they "made an error" when calculating our lot size.

The perception is that this is a complete scam as it was given to us in a matter of fact way. I'm hoping they can make this right by waiving another type of fee, but I'm pretty frustrated at this point as this is not what we were hoping for.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Sep 5, 2018

Thank you for your feedback, Erin. We apologize for any lapse in communication and we will share your insights with our internal teams as we work to ensure the best customer experience possible. Additionally, we have flagged your issue with the team that is working with your home, please continue to work with them directly. We truly appreciate you choosing Opendoor for such an important transaction.

Helpful Review? 17 People Have Voted

Posted on Sep 20, 2018

Not the experience I was hoping for...

By Stephanie C., Atlanta, GA, Verified Reviewer

Update as of 9/19 - Opendoor admitted fault about the garage issue and offered to give me the $1250 earnest money and pay for the $3000 in earnest money I would lose to pull out, but they wouldn’t waive the $10,000 error. Kinda mixed feelings, though I know my contact tried.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Sep 26, 2018

We appreciate you sharing your updated experience. We wish you the best of luck with your home sale.

Helpful Review? 27 People Have Voted

Posted on Nov 18, 2018

Did not receive a quote

By Elaine H., Tampa, FL, Verified Reviewer

After filling out all the information, I received an email that says they’re backed up and working on it. That was over a month ago, and now I’m starting to wonder if they just wanted my email address to sell it or spam.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Nov 27, 2018

Hi Elaine,

Truly apologize for the delay, please send an email with your address to community@opendoor.com. We will take a look at what happened here.

Helpful Review? 5 People Have Voted

Posted on Apr 30, 2019

Really under priced offer compared to market data, extremely high fees.

By Debbie S., Nevada, Verified Reviewer

After all of the positive stuff I've heard/read, I was extremely disappointed in the offer. $20,000 - $30,000 less than expected (well under $50,000 less than recent comp sales), and very high fees - approximately 8.5% in fees plus the 3% buyer broker commission offered in the MLS because my home is currently listed. So, that brings their fees to 11.5%.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 7 People Have Voted

Posted on Nov 3, 2016

Waste of time

By Frank, Texas, Verified Reviewer

Sent me postal letter stating an offer range and interest in buying. I wasted time trading emails and providing information. They then made up some excuse and said not interested after the initial letter declaring otherwise. Find an agent or sell it yourself. Don't waste your time.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 32 People Have Voted

Posted on Jan 20, 2017

Low offer price and high fees

By Sekhar, Dallas, TX, Verified Reviewer

I received mail from Opendoor and I submitted details online. Their offer is 5-10% lower than the market price and overall the fee is 15% (including 6% broker fee, 6% service fee, etc.).

It is not worth it to sell your home to Opendoor. Waste of time.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 39 People Have Voted

Posted on Apr 3, 2017

Run away when you see an Opendoor sale

By Alex Koleszar, Glendale, AZ, Verified Reviewer

I was looking into buying a house in Arizona, and I didn't want to waste time. I saw a house with Opendoor on the door, and I accessed the house with their code. Note: They now had my contact information.

I liked the house, and put in a CASH, full asking price offer with 21 days closing. It doesn't get better than that. We sent the offer over, and we got an acknowledgment back that the offer was received. We waited. And waited.

The time period expired, and my realtor called Opendoor. They claimed they never got the offer. Then, they said they'd look into it and would submit a counter offer, and give us a slight price break (even $200 on a $358,000 house would have been thoughtful). Then, at the end of that day, we get an email ASKING US to re-write the exact offer, at the same price as the first offer. So much for them doing what is customary and writing a counter offer.

Why are they doing this? I suspect that they are contacting others who texted them for the code and were shopping for a higher bidder. There is no other reasonable explanation. I walked away from it. No house is worth playing games. If you see Opendoor, walk away.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 35 People Have Voted

Posted on Sep 5, 2017

High fees but don't wait

By Jerry Reece, Dallas, TX, Verified Reviewer

I was simply looking for a comp for my house to compare it to the Door estimate I had received. I submitted my request and received an email immediately saying that I would have an offer with in 24 hours with a request to upload pictures. I never received the offer, just another request to upload pictures. I attempted to do this, but there is no way to do this from their website after you submit your first request. I had to actually call the broker I guess, Chris Mason, and he told me just to email the pictures to him and he would send them on.

I received an offer, which was actually fair except for the fees for brokerage, holding and fees to get the house ready for sale which totaled 12%. In my case, $43,000. I waited a few days to ask questions about the offer. I talked with Chris and resubmitted a request for an offer, the only way to get your offer information.

I received an email from Opendoor at 5:30 pm on 8/30 that stated they were excited to make an offer. I pulled it up, and it was the original offer and then less than at 5:59 pm on 8/30 I received another email from them stating that they could not make me an offer at this time. Confused, I emailed Chris asking what was going on. He did not call me to explain; he sent an email stating that the in reevaluating the DFW area that in this case my fees went up to 18% so they could not make an offer at this time. Keep in mind it took them 29 minutes to make this decision after sending me the original offer. What is going on?!

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 19 People Have Voted

Posted on Sep 20, 2017

Waste of time

By G.M., Irving, TX, Verified Reviewer

Pretty disappointing experience (if you can even call it that). My husband and I were curious after hearing ads on the radio what they would offer us for our 3-year-old house in the DFW area. I admit the allure of skipping all the prep, not having to have the house show-ready all the time and having a fast close was enticing.

It started off promising. Within minutes someone called and said an offer was being generated and we would have a follow-up with an agent to discuss things the next evening (great, for about 5 minutes), until we get a follow-up email saying due to the homes in our area being on the market for varying times at varying prices, they could not provide us with an offer. Seriously? Pretty sure that is the entire basis of your services, but advertise away! Apparently, the "instant" offers are made only to those homes on a select basis with optimal selling conditions. Misleading, to say the least.

This will never replace a realtor or the human element of home selling. Our house is practically brand new, beautiful and I have no doubt they missed out on an opportunity. Stick with your realtor.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Dec 19, 2017

Hi G.M.,

Thank you for sharing this feedback. We're sorry we were unable to provide you with an offer. When someone from Opendoor first gave you a call, it was before our team of home experts had a chance to review the details of your home. Once they had a chance to understand your home and the neighborhood, we did not feel like we would be able to provide you with a solid offer on your home instead, we moved forward with the recommendation of the traditional route.

This is not because we don't think your home is great but rather because there is higher than normal variability in the sale prices and time to sell homes similar to yours in the area. So we believe having an agent visit and price the home in person would likely result in a higher net offer for you. Our goal is to deliver the most value we can to you as a customer.

We hope with this additional color you can see it was not, and is not our goal to mislead you. Thanks again for taking the time to share your feedback.

Opendoor Customer Experience

Helpful Review? 18 People Have Voted

Posted on Jan 15, 2018

Worst experience of my life

By Sam, Goodyear, AZ, Verified Reviewer

Where do I begin? I got an offer on my house. The offer was great compared to the the other offer they gave me a year prior. This time it was actually market value. There was the 6% Opendoor "fee" off of that price. No biggie because I would be paying a total of 6% to realtors anyways.

They came to do the inspection and did it with a fine tooth comb. ANY TINY THING they wrote down and the repair estimates were insane! They wanted $4000 credit for all that. I told them I would fix them. They wanted proof via pictures and receipts. Ok, fine. I do half of the stuff, and after sending the pictures, nobody ever sent a new addendum reflecting that the credit I had to pay them was lessened.

THREE DAYS BEFORE CLOSING I contacted them over and over and over because, without this addendum and confirmation, I wasn't going to rent an apartment, U-Haul, lose of on first last month's rent, etc. The day of closing, still no word! Can you imagine if I would have moved out? They wouldn't even return my calls on the close date! I had to call Title and cancel because of no communication by Opendoor.

As soon as I canceled with Title, Opendoor called me. They said my case manager Guy had been on vacation that's why he never got my pictures of my repairs. That was complete B.S. because the first like 4 times I sent him all of the pictures, he kept asking me to send them again instead of just looking back through his email and finding them, so each time I had to send them over and over and over thinking that this guy was never going to even look at them. Also, who goes on vacation when a house they are covering is about to close?

The date of closing after I called Escrow to cancel I was asked again to send the pictures! Finally about two weeks later we were ready to close again. Because Opendoor took so long on their end, we had to extend the close date, and Opendoor said we had to have a new inspection! So after all of that time because they took so long to actually look at the pictures and make a new addendum for the credit they wanted, now I have to have a new inspection. So what? Is everything going to happen again and all these credits are going to happen again? We were absolutely furious. We fought so hard to get that credit back and now they're saying that we have to have another inspection because it took too long to close? I feel that they did this to punish us for not giving them all the credit.

We had a new inspection with an old guy who wrote down even more stuff than the first time and who actually damaged my house and created a leak in the backyard. I had two faucets outside, one which I never used since being in the house because it was right next to the AC unit. Well, he turned that on and apparently when he tried to turn it off, it was leaking, so instead of being a great guy and letting us know, he just left it and we didn't even discover it until days later, and at that point it had gone underneath the AC unit and flooded a little portion of the yard.

It was only several days before closing again, and we were still waiting to hear about the inspection results of the second inspection it was getting down to the wire, and we were nervous to find a new place because for all we knew Opendoor was not going to pull through again. All of it started to sound like a sham for more credit, and finally, I wrote to him and told him that I thought it was a sham for more credit. After stating that, finally everything came through and they did not ask for more credit. Thank God.

Three days before close the Title company they chose tells me that they do not have my payoff statement. While I'm supposed to be packing and boxing up things in a rush, and I had to get the U-Haul at 10 that morning, I'm getting calls from Title saying they don't have my payoff statement!? This is something they were supposed to get an order from my mortgage company right off the bat, not three days before close. I gave them my mortgage information as soon as we opened Title back up a month prior.

I called my mortgage company, and they would not allow me to have my payoff statement, it had to be requested from Title and given straight to Title, which is the law, and they should know because that is what their business is. My mortgage company told me it usually takes about a week for them to get my payoff statement to the Title company. Opendoor chose this crap Title company, and now I'm two days before closing and I have the U-Haul in my front yard half full. I'm sitting here packing like crazy getting everything out of my house, and I'm still wondering if I'm actually moving out.

I called Title and spoke to the agent who was working on my case's boss and complained about her incompetence because of this and with my efforts alone I was finally able to get this deal done. By a miracle of God, it pulled through. I gave them half of the credit they originally wanted and they took possession of the house with me rushing out of the house because of all the crap I had to deal with I was struggling to get out on time.

All in all I'm happy with the results of what they paid me, but the entire process was the hardest process I've ever gone through in my ENTIRE life and the most unprofessional one. The level of stress my family and I went through was ridiculous. The only solace I have is that they still have my house on the market and it has not sold for them at what they want. When they listed that house, it was barely above what they paid me and they've been lowering the price. I feel justified and will always tell people not to deal with Opendoor.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Jan 16, 2018

Hi Sam,

Thank you for taking your time to share your feedback with us. We'd like to better understand your situation and concerns. Can you please email us your contact information and the address of the home you sold to us at community@opendoor.com, and we'll have someone on our team reach out to you as soon as possible?

Helpful Review? 28 People Have Voted

Posted on Jan 18, 2018

Cheap company

By S. Susser, Phoenix, AZ, Verified Reviewer

I am signing for my home tomorrow. They will scam you to the very end about things they will fix in a home, they make deals about fixing the home with only things they don't have to put any money into.

1. They said they would match and replace a floor. Their solution was to move it from other areas that now do not have a floor.

2. They said they would fix a cartridge in a shower. They turned up the water heater to leave sinks boiling. This they did the day before closing to try to make me feel like I did not have a choice. They would not even change a light bulb they signed to fix.

Message to agents stays clear with your buyers. My agent paid for the repairs to get me into the house and now has to bill Opendoor.

Buyers, plan to fix everything after the inspection, hire your own inspector, not one from Opendoor. This part will hurt you dearly.

You will pay for everything extra, and they will try to scam you into paying for things they are supposed to cover.

It has been a nightmare dealing with this company. If I knew what I was getting into I would never have tried to work with them. It has been such a headache.

Bottom Line: No, I would not recommend this to a friend

Company Response from Opendoor

Jan 18, 2018

Hi S. Susser,

Thank you for the feedback. We’re committed to delivering a sound home in good repair, and we’re sorry to hear that you're having a frustrating experience. Would you be able to email us at community@opendoor.com with a little more information, so that we can properly address the issue?

Helpful Review? 18 People Have Voted
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