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Opendoor

iBuyer

Opendoor is a digital platform to buy or sell real estate. Being an online real estate company, we take the stress out of moving and allow buyers and sellers to focus on the more fun parts of their life while we take care of the transaction.

Program Summary

Allowing agents to offer their clients an alternative way to sell their home. Sellers can transact with no showings, no open houses, all while keeping their agent in their corner to represent them.

iBuyer

Opendoor is a digital platform to buy or sell real estate. Being an online real estate company, we take the stress out of moving and allow buyers and sellers to focus on the more fun parts of their life while we take care of the transaction.

Program Summary

Allowing agents to offer their clients an alternative way to sell their home. Sellers can transact with no showings, no open houses, all while keeping their agent in their corner to represent them.

Program Qualifiers

Due to market conditions, our buying criteria may change at any time. There can also be exceptions to what we’ve listed below. Get in touch if you’d like more information on our process.
The Seller cannot have received an Opendoor offer within the 30 days before the agent requests the Opendoor offer in order to receive the 1%.
If the home doesn’t fit our buy box the agent should be notified we will not be making an offer.

Home Types

  • Single family homes
  • Townhomes
  • Duplexes (certain markets)

*We do not buy pre-fabricated or mobile homes.

Opendoor Valuation

Right now, we typically buy homes where our valuation is between $100K and $600k, but it can be as high as $1.4M and varies by market. To know whether your home qualifies, request a free and no-commitment offer.

Max lot Size

In most markets we buy homes that sit on a maximum lot size of 2 acres. In certain markets we will buy homes with a maximum lot size of 1 acre or 1.5 acres.

Year Built

We typically buy homes built after 1930, but this can vary by market.

Home Location

We can only buy homes within our service areas. We will buy homes that are in gated communities and age-restricted communities depending on the market.

*We are currently unable to purchase homes located in a flood zone.

Solar Panels & Solar Leases

We can usually buy homes with solar panels where the panels are owned outright. We can also buy homes with solar leases, but only if the solar lease has been pre-paid at or prior to closing and the solar panels are purchased outright by the seller at the time of closing.

Home Condition and Materials

We consider other factors related to the home’s materials and overall condition. The criteria below may impact our ability to purchase your home:
  • Your home is being sold as a short sale or foreclosure.
  • Your home has un-permitted additions.
  • Your home has significant foundation issues, or was damaged by floods, fire, or other natural disasters.
  • Your home has dated materials like polybutylene plumbing or masonite woodruff roofs.
  • Your home has a well or septic system.
  • Your home has an active organic growth.

Ownership & Occupancy

We only buy homes if the seller has clear ownership of the property. The home must also be owner-occupied (in the case of Late Checkout) or vacant at the time of closing.

*We do not buy homes that are owned by banks, government agencies, or government loan insurers.

Program Qualifiers

Due to market conditions, our buying criteria may change at any time. There can also be exceptions to what we’ve listed below. Get in touch if you’d like more information on our process.
The Seller cannot have received an Opendoor offer within the 30 days before the agent requests the Opendoor offer in order to receive the 1%.
If the home doesn’t fit our buy box the agent should be notified we will not be making an offer.

Home Types

  • Single family homes
  • Townhomes
  • Duplexes (certain markets)

*We do not buy pre-fabricated or mobile homes.

Opendoor Valuation

Right now, we typically buy homes where our valuation is between $100K and $600k, but it can be as high as $1.4M and varies by market. To know whether your home qualifies, request a free and no-commitment offer.

Max Lot Size

In most markets we buy homes that sit on a maximum lot size of 2 acres. In certain markets we will buy homes with a maximum lot size of 1 acre or 1.5 acres.

Year Built

We typically buy homes built after 1930, but this can vary by market.

Home Location

We can only buy homes within our service areas. We will buy homes that are in gated communities and age-restricted communities depending on the market.

*We are currently unable to purchase homes located in a flood zone.

Solar Panels & Solar Leases

We can usually buy homes with solar panels where the panels are owned outright. We can also buy homes with solar leases, but only if the solar lease has been pre-paid at or prior to closing and the solar panels are purchased outright by the seller at the time of closing.

Home Condition & Materials

We consider other factors related to the home’s materials and overall condition. The criteria below may impact our ability to purchase your home:

  • Your home is being sold as a short sale or foreclosure.
  • Your home has un-permitted additions.
  • Your home has significant foundation issues, or was damaged by floods, fire, or other natural disasters.
  • Your home has dated materials like polybutylene plumbing or masonite woodruff roofs.
  • Your home has a well or septic system.
  • Your home has an active organic growth.

Ownership & Occupancy

We only buy homes if the seller has clear ownership of the property. The home must also be owner-occupied (in the case of Late Checkout) or vacant at the time of closing.
*We do not buy homes that are owned by banks, government agencies, or government loan insurers.

Opendoor Benefits

Consumer Benefits

Skip the traditional listing, and sell to a cash buyer off market, while still getting a fair market value for their home. If folks work overnight shifts, have a sick loved one at home, do not want strangers in their home, or want the flexibility of choosing their closing date and not making repairs, Opendoor is a great solution to their problems.

Agent Benefits

The Agent Access Program benefits any agents who represent Sellers. An agent collects whatever commission they have agreed to with their seller, and for homes that qualify, Opendoor will pay an additional 1% to the listing agent at COE.

Opendoor also pays out "bonuses" for doing multiple transactions in a calendar year. Information on bonus breakdown can be found at opendoor.com/agents.

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