I sold to Opendoor recently (September 2024). I was moving out of state and had already purchased my new home before selling, so the convenience of being able to sell right after moving was a big motivator. On top of that, with pets in the house, listing before moving out wasn’t really an option.
I spoke with my neighbor, who’s a realtor, and she said she would list my house at $340k–$350k, but I’d need to paint and take care of a few small repairs. Opendoor offered me $351k, then deducted $11k for repairs and charged a 5% fee at closing. In the end, I netted $320k. When I ran the numbers, selling at $350k on the open market would have been roughly a break-even compared to Opendoor’s offer—and it could’ve ended up worse if the buyer’s inspection turned up repair requests. At $340k, I definitely would’ve come out ahead with Opendoor.
For me, it was an easy choice: guaranteed sale, no risk of carrying two mortgages and utility bills across states, and no waiting around for a buyer. Opendoor ended up painting, replacing some carpet, and then listing my old house for $387k less than two weeks later. It’s still sitting unsold now, probably overpriced for the neighborhood.
Overall, I had a really good experience. They were easy to work with, I got my money quickly, and I didn’t have to deal with the hassle of repairs or showings. Did I leave a little money on the table? Maybe—but not enough to make it worth the stress for me. My advice to anyone considering Opendoor is to also talk with a local realtor, get an estimate sheet, and compare the true net numbers before deciding.