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Frequently Asked Questions

How much does it cost to use Opendoor?

Opendoor’s fee is 5% of your homes sale price, which is slightly lower than a conventional real estate commission of 6%. Historically, Opendoor’s fee has been as high as 14%, and they reserves the right to adjust their fee if market conditions worsen. However, the service charge isn’t the only cost you incur if you use Opendoor.

How do I Sell my Home with Opendoor?

Let your real estate agent do the negotiating. Given their experience, they’ll know the best way to approach a seller and put together an offer that is attractive to both sides. If Opendoor won’t reduce the price of the home, ask them to cover the cost of any additional repairs that you want to be completed before closing.

Is Opendoor more flexible on the closing date?

It’s important to remember that Opendoor will be more flexible on the closing date than the typical home seller since Opendoor isn’t living in or preparing to move out of the home. Ask your real estate agent for a comparative market analysis (CMA) on the property to see how it stacks up against Opendoor’s asking price.

What is the difference between Opendoor and Zillow offers?

Zillow Offers is similar to Opendoor, but there are some differences — a few of them quite small, and some of them quite substantial. On the surface, Zillow Offers operates similarly to Offerpad; they give you a cash offer within a short time frame (if you qualify), they inspect and may ask for repairs, and the seller can choose their closing date.