We sold to Opendoor in SoCal last August, and they turned around and resold our home for about 4% more in December. Could we have gotten a little more on the open market? Probably. But for us, the convenience factor made all the difference. We didn’t have to make repairs, deal with staging or open houses, or move twice—all while juggling life with a young child during peak Covid.
Another huge benefit was having a signed offer from Opendoor in-hand, which gave us the flexibility to set our close date and made it much easier to secure our replacement property.
It’s definitely not the right path for everyone, but for our situation it worked out perfectly. We went in knowing we might leave 4–5% on the table, and we were fine with that. Honestly, the only way we would have had seller’s remorse is if Opendoor had managed to flip the house for 7.5%+ more than what they paid us—which thankfully they didn’t.