We purchased our home a year ago, but we are moving for a job relocation. I submitted my home to Opendoor, just to see if the reviews were true. Our home has a market value of $298k and their offer was $271k, and after the fees, we would walk away with $254k max. We paid $280k a year ago. We put in $15k to the home over the past year and the home was completely renovated right before we moved in. I can't imagine how much they would knock the price down with "repair credits." This company is clearly trying to take advantage of sellers who need to sell as soon as possible. Fortunately, that wasn't the case for us, and we can choose to decline a pitiful offer from Opendoor. DO NOT USE.
Bottom Line: No, I would not recommend this to a friend
19 people found it helpful
Link to this Review
Company Response from Opendoor
Thank you for your feedback, Katie. Our goal is to make the most competitive offer we can, by reviewing the sale prices of comparable homes in your neighborhood and the unique information you provide. If you think we may have missed a comp or an important feature of your home in making your offer, please don’t hesitate to send us a direct message letting us know. You can learn more about how Opendoor calculates your offer, you can visit our website, https://www.opendoor.com/blog/how-opendoor-calculates-your-homes-value. Feel free to email community@opendoor.com.