Lily M.
Dallas, TXMember since October 2018

Reviews (1)


    • Oct 24, 2018
    • Verified Reviewer

    Opendoor

    Good option if you need to sell quick

    Overall Experience:

    It provides an option if you are in a crunch, need to sell quick, and are willing to lose some profit.

    Pros: Fair offer, quick process.

    Cons: Their service fee is more than a realtor, they use their own contractors to assess damages and come up with unnecessary repair items, which they then use to deduce the value of your home. This service would be a good option if you have high equity and your home is in perfect condition (updated home with zero damages). In my case, they offered $236K but then came up with a bid of $40K for repairs, which disqualified me.

    I was content with the outcome because I got to keep the option fee money and made more profit selling my home using iList. I sold my home for $226K with no repairs and only 1% listing fee and 3% to the buyer’s agent, a tremendous savings from the $17K that Opendoor was asking for plus the cost of repairs.

    Bottom Line: Yes, I would recommend this to a friend

    10 people found it helpful

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