We bought from Opendoor back in December. The process was a bit rocky at first—the first offer we made fell through, and then the second listing fell through too. By the third time the property came back on the market, we tried again and finally got it.
Negotiations were slower than usual, since it seemed like every step had to go through a committee before we’d get an answer. After inspection, we got them to agree to about $4,000 worth of repairs, but then the appraisal came back $12,000 under our offer (and $15,000 below the original list price). We went back and forth for a few days, even threatening to walk away if they didn’t match the appraisal. In the end, they did lower the price to the appraisal value, but they dropped the $4,000 worth of repairs. Honestly, those fixes were all pretty minor—things I might not have even noticed without the inspection flagging them.
The house had originally been listed at $505,000 in October, and we closed in February for $489,000. It sat on the market for about 60 days and had to be listed three times, so we got the sense Opendoor was eager to offload it and move on. From our perspective, once a property has been sitting with them for 90 days or more, they seem motivated to negotiate. Our experience taught us that all they can do is say no—and in our case, persistence paid off.