Does the seller matter?

Question

Does it matter that OpenDoor is the seller if the price is right?  Their process and employees don't seem the most easy to deal with.

Steve K. · Answer

I doubt they will but it would be ironic if they do accept an assignable contract. Make sure to beat them down heavily for repairs after inspection, and charge them at least a 7% transaction fee!

Nick C. · Answer

If the price is right that's all that matters. Good deals are hard to come by, and some situations are a lot more difficult to deal with than OpenDoor employees.

Adam Macias · Answer

I've yet to see a house for sale from OpenDoor work at a discounted enough price. They overpaid in the first place but hey, it is all about if you do have a buyer willing to pay that price. I've yet to see it in Colorado. Interesting to see if it works out.

Ryan Succetti · Answer

LOL that would be awesome. They listed it for $1.1 in may of last year. They paid just over a million in April of last year.  Price has been dropped several times since May and is currently $890k.

Eliott Elias · Answer

It depends on what you're asking about. Their communication is terrible and there is no human element to woking with them.

Ryan Succetti · Answer

Sorry this might be a dumb question.  I am new to this.  But what’s the difference between buying a home from a private seller or a listed home for 70% of ARV?

The numbers are the same right?  Just the seller is different.  Or am I missing something?

Nick C. · Answer

Assigning listed properties is very difficult unless you have a massive buyers list and a large sales team that can jam investors into properties.

Ryan Succetti · Answer

My intention is to assign the property once under contract.  Will OpenDoor not allow this?

Randy Rodenhouse · Answer

If you are looking for a property and the price is right and you have a clear exit strategy it really does not matter who u buy from.  However, you are not going to be able to buy the house creatively using Opendoor...like sub2 or owner finance which is the main way I purchase homes.  In most cases, you are going to get best deals directly from the homeowner.

Does the seller matter?

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