Opendoor: The Real Cost
You may have heard of Opendoor as a way to sell your home quickly without showings. They can do this by charging higher fees than Village and paying you below market-price. After Opendoor purchases your home, they photograph and list it on MLS for just above fair-market value. When they flip your home, the proceeds become Opendoor profits. Net profits from an Opendoor sale are on average 5% lower than what you would earn when you list and sell your home with Village.