Which is better Opendoor or Zillow?

While Opendoor's median buy-to-list premium is higher than Zillow's, the magic is in the distribution curve. Opendoor has a wide distribution of premiums that skews higher, leading to higher gross profits. The finesse of Opendoor's pricing curve has been refined and improved over the past month.
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How does Opendoor differ from Zillow?

When it comes to Zillow vs Opendoor, they each have advantages and disadvantages. While Opendoor services more markets, Zillow has a lower average service charge. To get an instant estimate and see what kind of cash offers iBuyers are willing to pay for your home, enter your address in the convenient iValuation tool.
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Is Zillow and Opendoor the same company?

Zillow Group Z +7.3% — a Seattle-based real estate technology company — entered the iBuyer market in a big way in 2018 through its Zillow Offers platform, four years after Opendoor pioneered the industry. In November, Zillow shuttered Offers after paying too much for the homes it intended to sell.
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Why do Realtors not like Opendoor?

Opendoor can sometimes price homes below market, which some sellers may not realize if they are not familiar with the housing market. They may also not know how to negotiate repair costs and may end up spending far more money than they would if they had listed their home with a traditional Real Estate Agent.
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What makes Opendoor different?

Opendoor is actively buying and selling homes in over 25 metropolitan areas, more than any of our direct competitors. Compared to the traditional process, we're making it easier for home buyers to find their next home. Tour any Opendoor-owned home on any day of the week from 6am to 9pm, no appointment needed.
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Zillow vs OpenDoor - Which One is Better ?



Which one is better Offerpad or Opendoor?

Overall, Opendoor is a better pick than Offerpad in most cases, especially when you consider Opendoor's more favorable review scores and more cost-effective service fee model. Of course, if you're looking to sell, there are alternatives to the iBuyer model, including low-cost real estate marketplaces like UpNest.
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Does Opendoor negotiate?

Yes, Opendoor will negotiate offers. Our counteroffers do come by email and we will negotiate by email and/or phone until an agreement is reached.
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Is Opendoor a Chinese company?

Open Door Capital was founded in 2011 by Ke Shifeng and his business partner. We are veteran investors in Greater China and possess considerable experience and expertise with Greater China equities, having worked together since 1997.
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Are Opendoor offers accurate?

Yes, Opendoor is legit. It is a real estate company that buys homes for cash, and it's available in 47 markets across the US. Opendoor's fees represent their carrying and resale costs; after all, their business model is to turn around and sell your house.
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Can you low ball Opendoor?

We don't try to make “low ball offers” because, unlike a home flipper, our business model isn't based on buying low and selling high. The way we make money is by charging a fee for our service.
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Is Opendoor in financial trouble?

The company's losses widened as it more than doubled its market footprint to 44 cities. For the fourth quarter, the company reported a net loss of $191 million, compared with a net loss of $54 million in the 2020 fourth quarter.
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Is it a good idea to sell my house to Zillow?

But as with many things in today's new service economy, you are paying for convenience, and not having the stress of trying to sell your own home. A recent Forbes report says for many homeowners, Zillow Offers will be well worth it, for the elimination of stress and hassle.
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What happened to Opendoor?

For the year, Opendoor reported a net loss of $662 million, more than double the $253 million loss reported in 2020. The higher loss was primarily driven by stock-based compensation, which ballooned to $536 million compared to $38 million in 2020.
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Who is the parent company of Opendoor?

The deal valued Opendoor at an enterprise value of $4.8 billion. On December 17, 2020, shareholders of Social Capital Hedosophia Holdings Corp II approved the merger. On December 21, 2020, the merger was finalized and the company began trading on the NASDAQ stock exchange under its new name, Opendoor.
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Is Opendoor competitive?

When you sell to Opendoor, there are no staging, storage or prep costs. We give you a competitive, all-cash offer based on the important factors: comparable home sales, your home's features, and current market trends.
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Is Zillow really free?

On Zillow, it's free to list a home for sale by owner or agent and to list a property for rent. Zillow's online and mobile search tools, including its smartphone app, let users search for a property and view estimated property values for free, too.
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How do I get the best offer on Opendoor?

How to negotiate with Opendoor as a seller
  1. Providing Opendoor with receipts for renovations and repairs. Proof of improvements you've made to your home increase the chance that Opendoor will raise its offer.
  2. Requesting offers from other iBuyers in your area. ...
  3. Getting a comparative market analysis (CMA) done on your home.
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Can you cancel with Opendoor?

There's also no obligation–you can cancel your contract at any time before closing at no cost. Learn more about our pricing and how selling to Opendoor works.
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Does Opendoor do a final walkthrough?

Rather than an in-person final walkthrough, agents complete a Digital Checkout on your client's behalf. Learn more about the Digital Checkout process.
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Who owns Zillow?

Zillow founder Rich Barton is a billionaire after strong results from a risky new home buying strategy sent shares up 17% on Thursday—almost a year to the day since he returned as CEO.
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How many homes has Opendoor bought?

Opendoor now has 17,164 homes on its books.
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Does Opendoor make money?

Opendoor has lost money every quarter since becoming a publicly traded company in late 2020. The business's losses total $421 million in the first nine months of 2021. That compares to a $199 million in the first nine months of 2020, a period when operations were partially paused amid the coronavirus pandemic.
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Is Opendoor a legitimate company?

Is Opendoor a legitimate company? Yes, Opendoor introduced iBuying when it bought its first home in 2014 and is the largest iBuyer in the United States. After launching in Phoenix, it now buys and sells homes in 44 metro areas in 21 states.
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Is Offerpad legitimate?

Is Offerpad legit? Yes. Offerpad is an iBuyer that's been in business since 2015. It buys and sells homes in 11 states.
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Which iBuyer is best?

The top two iBuyer companies are Offerpad and Opendoor. Offerpad is the most flexible, has the best customer service, and also offers free local moves. Opendoor has the largest purchase volume, generally pays the most, and is available in the most locations.
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