All Forum Posts by: Jerry Cox

@Jerry Cox, be mindful of your dates and contingencies within the binding agreement if you go under contract. I will say that communication with OpenDoor is much better than that of other institutional sellers I've worked with. That said, expect a 24-48-hour response time to requests/negotiations. 

Moreover, they'll push to close with their preferred closing attorney, which shouldn't necessarily be a deal killer. However, with this in mind, contact the closing firm and ask for an escrow fee sheet to ensure that it somewhat aligns with the standard title/escrow fees that other closing attorneys offer. Furthermore, there is likely an Affiliated Business Agreement Disclosure that you'll need to sign. 

Overall, I've closed on multiple properties with them before and had no issues.