Selling Homes on Open Door

[Ryan Copeland]

Hello BP,

I am trying to buy an off-market home from an owner in the community where I own a rental property.  He said that he has a quote from Open Door already.  How does Open Door work?  I've watched a couple of YouTube videos, but still wanted to post here.

How much of a fee do sellers pay to Open Door?  One video said it could be up to 10%.  I'm trying to see how I have effectively position my offer to the Seller by being able to compete against Open Door.  

Thanks in advance for the feedback!