Has anyone here sold their home via an OpenDoor offer? Curious about your experience and if there were any watch outs or pitfalls.

Context is that I’d like to sell my current home and buy a new construction home. The initial offer from OpenDoor seems pretty good.

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Following since they usually send me an offer by the mail that’s usually pretty good too.

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They will give you a straight cash offer but it will usually be below what you would get for it if you were to list it in MLS. I’ve dealt with listings owned by Opendoor and they are usually steals because they bought a ton of inventory when the market was crazy inflated and my buyers have gotten a couple steals on newer homes. I would say do your research and perhaps consult a realtor in your area for a CMA to make sure you know what kind of money you’re potentially leaving on the table to get out of the home quickly.

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I recommend you obtain a professional competitive market analysis before accepting an offer from OpenDoor. I can also refer you to someone in your area to check if you home is eligible for ExpressOffers - which are cash offers from private investors.

OpenDoor does make a fair offer, but it is based on current condition and market area of your home. They will subtract hefty amounts if your home needs upgrades, roof, etc. They also charge quite a few fees, sometimes much more than you would pay in real estate agent commissions. You will generally make a lot more money (national average is 18% more) if you get your home in top condition and list it on MLS with a good REALTOR who knows how to market homes nationally.

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Text CASH to 352-618-2228 to get a free referral for a no-obligation market analysis of your home's value and to see if you are eligible for Express Offers from private investors. Margaret Acker is a professional Realtor who specializes in referrals, cash offers, and new construction. She will interview agents in your local area and get you the information you need to make the best decision.

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Thank you!

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