If you’re looking for a hassle-free home sale, Opendoor — the nation's largest iBuyer — offers a convenient solution. With Opendoor, you can get an estimated home value within minutes and a final cash offer within about a week of completing your home assessment. You can also choose your closing date within a 60 day window. Its service fee (historically 5%, but now variable) is on par with a realtor commission — but your sale price will likely be lower.[1]
- Our research team's analysis of 410 Opendoor home sales found that the iBuyer typically pays about 9% less than the market value at resale — equal to a price cut of about $45,000 on a $500,000 house. However, Opendoor also charges a variable service fee (historically about 5%) and deducts the full amount for any repairs or improvements it thinks your home needs.
Opendoor bought just 8,241 homes in 2025 (compared to 35,000 in 2022), indicating that while some sellers still find the convenience worth the financial tradeoffs, most choose another route.[2]
- Before accepting an offer from Opendoor, see what a realtor thinks your house might be worth 'as is.' A local market analysis will be much more reliable than a Zillow estimate — and you're under no obligation to move forward with a listing.
- You should also check out offers from a few Opendoor competitors. Having multiple offers in hand gives you negotiating leverage and ensures you're not leaving any money on the table.
To save time, you can start with a free service like Clever Offers, which helps you find the most competitive cash offers for your home — including from iBuyers like Opendoor. You might find that Opendoor's offer is in the ballpark or that another option gets you closer to your net goal. Past sellers who compared offers with Clever averaged +$66,735 more on their final sale price. Compare cash offers with no obligation and sell the minute you're ready.
Opendoor at a glance
- ⭐️ Avg. customer rating: 4.21/5 (4,460 reviews)
- 🧰 Selling options: Cash offer | Cash Now, More Later
- 💰 Offer range: Somewhat competitive
- 💵 Service fee: Variable (historically 5%)
- 🚩 Active since: 2014
- 🤝 Annual home purchases: 8,241
- 🌎 Locations: Nationwide
✅ Why Opendoor might work for you:
- You pick your closing date — Once you sign a contract, you can close in as soon as 14 days—or pick any date up to 60 days out.
- Sell as is, no repairs — They’ll buy your home as-is, so you skip the hassle and expense of fixing stuff up to make it show better to buyers.
- Skip the traditional listing process — Avoid the stress of open houses and coordinating with potential buyers. Especially helpful if you work from home or have pets or children.
- Potential to earn more with Cash Now, More Later — If you think your home is worth more than Opendoor's cash offer, the Cash Now, More Later option lets you sell to Opendoor for an upfront cash payment while retaining a share of any additional proceeds if Opendoor's resale price exceeds its costs.
⚠️ Why Opendoor might not be your best option:
- You'll give away some equity — Opendoor typically offers less than market value. We analyzed more than 400 homes bought and sold by Opendoor and found that the company typically paid sellers 9% less than the market value at resale, not including fees or repair deductions.
- Sudden price drops after inspection — Your preliminary offer can plunge once Opendoor flags necessary repairs and makes adjustments for the market—some folks see reductions in the tens of thousands off their initial offer.
- Extra service fees and repair costs — Opendoor charges a variable service fee (historically 5%, but it may be more in some markets), similar to traditional agent commissions, minus the representation. Additionally, repair deductions and closing costs can bring total expenses to 7–10% or more of your home's value.
- Limited room for negotiation — Opendoor’s numbers are largely “take it or leave it.” Unless there’s a clear valuation mistake, you won’t be haggling over the sale price or service fees.
"If you’re in the situation where you need to have a sale that you can get a quick fire on, or need to move without having to make those repairs or worry about inspections and appraisals, [Opendoor’s] process really works," homeowner Jesse Zappia told us via Zoom after selling his house to Opendoor. "But you definitely have to be cognizant of the fact that there is a loss associated with that."
How much does Opendoor pay?
Many recent sellers say Opendoor’s cash offers fall short of market value. "One of the clear disadvantages post-2020/2021 is you can expect [Opendoor] to give you a lower price than a traditional MLS listing," said a Reddit user who sold his home to the company in early 2024 for about $8,000 less than a realtor’s suggested price.
"I didn’t expect anything ridiculous from them like last year, but they were almost 18% lower [than market value] with their cash offer," another recent home seller said of Opendoor.
Our own analysis of more than 400 homes bought and sold by Opendoor since May 2023 found that most sellers receive about 4–13% less than the resale value for their homes — not including Opendoor's services fees or repair deductions.
On a home purchased at $313,500 (the median paid by Opendoor among the homes we analyzed), that represents a loss of about $27,500 in potential profit for the home seller.
When you get into these kinds of figures, it's worth comparing Opendoor's offer to some local companies that buy houses for cash. While investors may only offer 70% of a home's after-repair value (ARV), minus fix-up costs, they won't charge you service fees or closing costs. Plus, you'll know the final offer upfront instead of having to wait for an inspection.
Opendoor fees and other costs
| 💰 Service fee | Variable (historically 5%) |
| 🤝 Closing costs | ~1% |
| 🛠 Repair costs | Vary |
Opendoor’s service fee is 5% of your home’s sale price (on par with the average real estate commission), but that doesn't include repair deductions or closing costs.
Repairs are typically one of the biggest costs associated with selling to Opendoor, and they can be especially difficult to predict.
For example, homeowner Jesse Zappia, whom we recently spoke to about his experience selling to Opendoor, said that he paid only 1% for repairs, and a little less than 1% for closing costs. He also paid a daily late checkout fee that allowed him to stay in his house after the closing date while waiting for his new home to close.
Another seller we spoke to, Bradley Carpenter, was quoted around $7,000 for repairs on a $230,000 home sale. That’s equivalent to about 3%.
We also encountered several Opendoor reviews that claimed repair costs ran even higher, sometimes $30,000 or more.
By contrast, research from Clever Real Estate shows that only 25% of recent home sellers made repair concessions to buyers — likely as a result of market conditions favoring sellers.[3]
Opendoor vs. competitors
Opendoor competitors include other iBuyers and "we buy houses" companies.
Both options can give you a cash offer within days. However, iBuyers have stricter purchase criteria and charge fees to offset their resale costs. "We buy houses" companies are more willing to take on homes in poor condition, but they rarely pay more than 60–80% of the home's post-renovation value.
Cash offer networks like Clever Offers help you gather offers from multiple competing buyers, while buy-before-you-sell options help you tap into your home's equity to purchase a new house before you sell — eliminating a lot of the headaches associated with timing a home sale and purchase.
Type
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Clever Offers provides a hassle-free way to find and compare competitive cash offers. When you want the speed and ease of an all-cash sale, they bring you multiple offers from a variety of sources — including iBuyers, small and large-scale investors, and even your local MLS. You can compare offers side-by-side with no added fees or obligation to move forward.
Pros
- One source for multiple competing offers
- Buyers are screened for experience and proven success at closing deals
- Dedicated support to ensure a smooth closing and find you other offers if needed
- Excellent average customer rating
Cons
- Cash offer options may be limited in some areas
Type
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Knock's bridge loan offers a convenient way to buy a new house without having to sell your old one first. But you'll have to pay a minimum of 2.25% in service fees on top of the usual home-selling costs.
Pros
- Put an offer on a new home without it depending on your old one selling
- Use Knock's bridge loan to cover your down payment, moving expenses, and home prep
- Choose your own listing agent to sell and mortgage lender to buy
Cons
- Service and loan fees add 2.25%, plus $1,850, to your home selling costs
- Backup cash offer will be less than your asking price
- May have up to 6 months of ongoing mortgage costs while your house sells
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With Homeward, you get the advantages of a cash offer, plus the additional upside of selling on the open market. Homeward can also help you buy before you sell or buy a new home with a competitive cash offer. But you’ll have to pay a program fee of up to 7% on top of the usual home-selling costs.
Pros
- Get cash upfront, then list for additional upside
- Or, make a cash-backed offer on a new house before you sell
- In-house mortgage and title solutions that reduce program fees
- Bring your own real estate agent
Cons
- Program fees added to your realtor commissions and closing costs
- Homeward keeps a significant reserve to cover maintenance and repair costs
- Some sellers express frustration over hidden costs and low final payouts
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Offerpad pays more for homes than traditional house-flippers and also offers great perks, including free local moves and flexible closing windows of 8–60 days. However, it has a 5% service fee and customers claim it charges high fees for repairs uncovered during the home inspection.
Pros
- You can close in just eight days
- You can stay in your home for three extra days past your closing date at no charge.
- Sellers get free local moves and a 3-day free extended stay after closing
Cons
- Strict purchase criteria compared to traditional house flippers
- Repair deductions can greatly reduce your final offer
- 5% service fee is on par with realtor commissions
Opendoor reviews and complaints
| Source | Average Rating | Review Count |
|---|---|---|
| BBB | 1.2 | 164 |
| 1.5 | 65 | |
| Reviews.io | 4.4 | 3,440 |
| Trustpilot | 4.2 | 717 |
| Zillow | 4.6 | 74 |
| Weighted Average: | 4.2 | 4,460 |
Opendoor reviews from customers are generally positive, with an average rating of 4.2/5 across 4,460 reviews.
But not all reviews for Opendoor are positive. In fact, the company has mostly negative reviews on the Better Business Bureau and poor-to-average ratings on both Google and Trustpilot.
Here are some common themes among Opendoor customers.
✅ Easy process (45% of reviews)
The most common positive theme found in Opendoor reviews is praise for a smooth, hassle-free home sale process it facilitates. Home sellers also appreciate the flexibility provided by Opendoor, allowing them to choose their own closing date and even modify it if needed.
Our entire process from start to finish was painless and straightforward. The app is super easy to navigate and the team we worked with was always in communication with us. We chose the streamlined route with no open houses etc and wouldn't change a thing.
The ease of opendoor almost, almost, makes up for the money you will lose not going the regular market route. They really lay it all out, emails and communication, closing and online platform, timing...all so so seamless and simple. In a pinch, definitely the way to go!
✅ Good communication and customer service (22% of reviews)
Customers also appreciate the support and communication provided by Opendoor's customer service team members, who are described as professional and responsive.
My experience was awesome ! Easy process and great customer support! Every time I had a question they had someone to talk to with an answer!
The entire process was very smooth and every Open Door staff member and partners that I was in contact with along the way conducted themselves in a very professional and personal manner. It was a pleasure to work with a company that really values excellent customer service.
✅ Reasonable offers given the convenience (22% of reviews)
Another common theme among Opendoor sellers is offers that seem reasonable given the convenience. While home sellers often acknowledge that they could get more on the open market, they feel the offer is reasonable given the convenience and flexibility provided by Opendoor.
Very smooth/stress free sale, I left a little money on the table but it was worth the speed and convenience of selling to Opendoor. I would recommend giving them a chance.
Opendoor made a respectable offer on our home which was the same price as what our house was appraised at by a professional the year prior. They deducted $23,000 from the offer for repairs, which for our 22-year old home without any updating, seemed like a fair price given that it would have cost much more had we actually paid for the upgrades ourselves. They keep a 5% fee which is standard for commissions on a sale. The Opendoor agent we worked with, *******, was very helpful and prompt in her responses. Also, the convenience of selling a home without showings was huge for us. They let us choose our closing date and allowed up to three days late checkout to move out after closing.
❌ Disappointment with final offers (19% of reviews)
One of the primary complaints among Opendoor reviewers is the significant price drop that tends to take place between Opendoor's preliminary offer and its final offer, which follows a home inspection.
It took a month and a half to two months to give us an offer on our family home. When they finally gave us an estimate, which was lower than we were expecting, their offer was 50k less than that. Now that we are not waiting for them and checking the neighborhood, the comparable houses on the market are 150k + than their estimate. What a waste of time.
Everything up until the offer was flawless. Capturing the pictures of my cell phone was already convenient. All of the other information was easy to input. Unfortunately the offer was approximately $150-190,000 lower than market value.
❌ Excessive fees and repair costs (14% of reviews)
Home sellers also take issue with Opendoor's repair fees, which can subtract tens of thousands of dollars from the official sale price.
Was given a decent offer at first, then was hit with 35k worth of repairs that say the house requires. They weren't transparent about what repairs were needed. They dragged out the whole process. Total bait & switch.
Cash offer was a joke. Offered me 85% percent of their original offer. Wanted a 5% commission for selling it to themselves. And wanted me to pay 25k for prep and upkeep.
❌ Substandard flips on Opendoor listings (59% of buyer reviews)
Positive Opendoor reviews from homebuyers are less common, but a full 59% mention issues having to do with shoddy workmanship or undisclosed issues on homes purchased from Opendoor. Buyers also note Opendoor's unwillingness to negotiate repair costs or correct issues even after agreeing to do so in the purchase contract
We bought our condo from Open Door. They were horrible to work with. Did not fix half the items that the warranty company said they should have, especially the mold. Our fault for not pressing them harder. They are horrible and greedy. Run if you see them.
We bought a house from open door in 2025. It had been on the market for months, we saw the red flags, but slim pickings in our area. They were extremely difficult to work with, unreasonable in the extreme when it came to repairs and negotiations, and were downright despicable on the repairs they did. They covered up mold, put an undersized AC unit in, and refused to let us complete repairs that needed to be done before move in. Avoid these guys at all costs, we will NEVER do business with this company again.
Is Opendoor legitimate?
Yes, Opendoor is legit. It's a real estate company that buys homes for cash and it’s available in major metros across the US.
The Opendoor business model relies on charging sellers service fees of approximately 5% and reselling homes for a profit. The fees it charges are used to cover its carrying and resale costs. Every day Opendoor owns a home while it looks for a buyer costs money in taxes, marketing, utilities, and other expenses. Some buyers suspect that Opendoor takes shortcuts with repairs to keep costs low.
The company has also had issues in the past. For example, the Federal Trade Commission required Opendoor to pay $62 million for misleading sellers to believe they would earn more with Opendoor than selling on the open market. [4]
Opendoor responded by saying the claims were from 2017 to 2019, and it has since modified its marketing messages. [5]
While Opendoor remains the largest iBuyer, its footprint has shrunk considerably. It's currently purchasing fewer than half the homes it did in 2021/2022.
Source: Opendoor Financial Filings
However, Opendoor may soon be ramping up transactions. In September 2025, Opendoor announced that it was appointing Kaz Nejatian to take over the company as CEO. In a press release, Nejatian named increasing home acquisitions and improving the turnaround time between purchase and resale as key priorities for the company in 2026.[6] Early results are encouraging: in Q4 2025, Opendoor reported homes purchased up 46% quarter-over-quarter, and the share of homes sitting on the market for over 120 days fell from 51% to 33%.[2]
How does Opendoor make money?
The bulk of Opendoor's revenue comes from its iBuying service, wherein it charges sellers a service fee in exchange for a quick home sale, renovates the properties, and then resells them—pocketing the spread as gross profit. In 2025, Opendoor generated $4.4 billion in revenue from 8,241 homes sold — down from $5.2 billion in 2024 — as the company reset its operations under new CEO Kaz Nejatian.[2]
Specific Opendoor revenue sources include:
- Service fees: Opendoor collects a variable service fee (historically 5%, but may be more) on every home it purchases.
- House flipping profits: Opendoor also profits on the difference between the purchase price (plus renovation and holding costs) and resale price of the homes it sells.
- Title and escrow fees: Opendoor earns additional revenue from its in-house closing services that would otherwise go to third parties.
- Agent referral and commission fees: Opendoor partners with real estate agents on both the buying and selling side, incentivizing them to bring clients to Opendoor through its Key Agent Program.
How does Opendoor work?
You can sell your home to Opendoor using the company's iBuying service, you can list with an Opendoor agent and use its cash offer as a backup, or you can take a hybrid approach combining an upfront cash offer with a potential second payout after Opendoor resells the home.
You can also buy a home directly from Opendoor or buy a home on the open market with one of its agents.
If you sell to Opendoor, the entire process (from getting an offer to closing) can take just 14–60 days. If you buy from Opendoor, you can close in 14–45 days.
Selling to Opendoor
Getting an offer from Opendoor
To request an offer, fill out the form on Opendoor’s website. You provide your address, a photo of your home, and some basic information about your property’s size, condition, and features.
Opendoor then evaluates your home. If your property qualifies, it provides an offer within 48 hours. After it completes an inspection, you receive a final offer that includes deductions for repairs.
You can try to negotiate your offer with Opendoor. But the company isn't likely to change the offer unless it missed a big selling point or made an error in the local real estate market valuation.
Opendoor’s inspection
If you accept Opendoor’s initial offer, then you move to the inspection process. Opendoor asks you to provide a virtual walk-through of your home’s interior. The company sends an Opendoor Estimator to evaluate your home’s exterior.
The in-person inspection takes around 30 minutes. Opendoor says it looks for things that are broken, in poor condition, or pose safety issues — not for areas to upgrade.
After the walk-through, Opendoor gives you an estimate of repair costs in 5–7 days. The company deducts the costs from your net proceeds, then makes all the repairs after you close. You can cancel your contract after reviewing the repair costs if you feel Opendoor's offer isn't worth the tradeoffs.
Opendoor's preliminary offer vs. final offer
Opendoor's final offer can be much lower than its preliminary one, often because the final offer includes deductions for estimated repair costs.
In online reviews, some customers reported that repair costs were higher than they expected and that Opendoor sometimes didn’t make those repairs before flipping the home.
For example, one reviewer was charged $23,000 in repairs, mainly for a new AC system. Afterward, she said, "I looked at my former home on Zillow because I wanted to see what repairs were done. They did not replace the AC system or the roof which would have justified the $23,000."
Additionally, Opendoor doesn't seem to allow negotiations over repairs or let sellers make the needed repairs themselves. Jesse Zappia explained, "My understanding was it was take it or leave it."
Other competitors, like Offerpad and buyers on the open market, let you hire your own contractor to pay for repairs, allowing for a little more control and transparency.
Accepting the offer and closing
Opendoor's final offer typically expires after seven days, although if you schedule a call they’ll extend it to 14 days. To accept the offer, you sign the purchase agreement and pick a closing date within a 14–60 day window. Or, you can reject the offer and walk away without penalty.
On closing day, Opendoor will transfer the funds to your mortgage lender to pay off your existing mortgage. Any remaining funds are then wired to you within a few days — sometimes hours.
You have the option of staying in your house for up to 17 days after closing. But unlike other iBuyers, Opendoor charges a daily fee for that privilege, equivalent to the market rental rate.
Cash Now, More Later
In addition to its standard cash offer, Opendoor offers a hybrid option called Cash Now, More Later (formerly Cash Plus), launched in 2025. You sell your home to Opendoor for an upfront cash price, closing in as little as 14 days with no showings, staging, or repairs required on your end.
After you close, Opendoor preps the home for sale, renovates it, and lists it on the open market with a partner agent. Once the home sells, Opendoor subtracts its fees, renovation costs, and other resale expenses. If the proceeds exceed those costs, you receive a second payment for your share of the upside. If they don't, you receive nothing beyond the initial payout.
By Q4 2025, Cash Now, More Later represented approximately 35% of Opendoor's weekly acquisition volume — a sign of how quickly the program has grown.[2] However, since the program is relatively new, independent seller accounts of the full experience — including the second payout — are limited. According to users on Reddit, Opendoor withholds the estimated renovation amount from the initial payout.[7]
Buying from Opendoor
If you're a buyer and want to work with Opendoor, you can:
- Work with a real estate agent — your agent submits an offer through the standard process, and Opendoor offers buyer agent compensation on most listings, with the amount varying by market.
- Buy directly through Opendoor Checkout — a self-service option that lets you buy aa house directly through the Opendoor App at 1% off the list price — no agent required.[8]
In select markets, Opendoor offers Opendoor Exclusives, a program that allows sellers to list their home on Opendoor's private marketplace for up to 14 days before it goes to the MLS, with Opendoor's cash offer remaining as a fallback. Buyers in those markets may have the opportunity to view and purchase these homes before they hit the open market.
Either way, every Opendoor home purchase includes what's called the Opendoor Guarantee, which was introduced in 2025 following complaints from home buyers about maintenance issues and poor workmanship on renovations. The Opendoor Guarantee include a 100-day home warranty covering major systems and appliance and an early move-in option allowing buyers to occupy the home for up to a week before closing and cancel without penalty if they don't wish to proceed. But keep in mind that seven days may not be enough to identify hidden issues. And you need to read the fine print to see what exclusions apply to both the warranty and the cancellation guarantee.[9]
If you buy a home directly from Opendoor, be aware that the list price may be higher than you expect for your area, a common complaint among buyers who have toured Opendoor homes. Moreover, Opendoor may be reluctant to negotiate.
"We see a lot of [Opendoor homes] that seem to be really overpriced," Nashville-based realtor Barry Richards told us during an interview. "And they seem to just have a system of systematically dropping the price until they hit the sweet spot. They don’t tend to negotiate much on whatever current price they have."
📈 How do Opendoor listings compare to traditional listings?
In an analysis of 410 properties sold by Opendoor between May 2023 and June 2025, our team found that Opendoor listings sat on the market for an average of 75 days and incurred an average price drop of $4,419 (2.14%).
For comparison, the typical home sold in the U.S. spends about 62 days on the market and sells for 10.1% greater than the listing price.
Low-quality repairs tend to be the norm
In many online Opendoor reviews, buyers state that Opendoor didn’t make promised repairs or made low-quality repairs, leaving buyers to redo them.
On Trustpilot, reviewer Alyson Elizabeth concisely sums up this common complaint among Opendoor buyers:
"Very cheap fixing of a house, covering up foundation problems. Cheap flooring, half ass fixtures put on backwards, carpet flooring with no padding underneath, just half-ass work done. Won't ever buy again from Opendoor."
If you buy from Opendoor, hire a thorough home inspector and consider purchasing a home warranty.
What kinds of homes does Opendoor buy?
Opendoor doesn't make an offer on every home. The company is typically only interested in buying homes that meet specific criteria.
- 🏠 Home type: Single-family home, townhouse, duplex (select markets), or condo (select markets)
- 💰 Value: Between $100,000 and $600,000 (or as high as $1.4 million in select markets)
- 🌳 Lot size: Maximum lot size of 1–2 acres, depending on market
- 📆 Year built: After 1930
- 🔑 Occupancy: Owner-occupied or vacant at closing
Opendoor doesn't make offers on homes that are mobile, prefabricated, or located in a flood zone.
🌎 Where is Opendoor available?
Opendoor is available in over 50 metro areas — far more than any other iBuyer. Current Opendoor locations include:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
📍Find the best cash offer near you
When looking for a cash offer on a house, your best option may be local.
We researched hundreds of companies and compiled lists of the best local cash home buyers for all 50 states and Washington, DC.
Bottom line: Is Opendoor right for you?
Opendoor’s cash offer is worth considering if:
- You need to sell your home fast.
- You don’t want to invest in your own repairs before selling.
- You want to avoid the traditional listing process, such as if you work from home and don’t want to be interrupted by showings.
But if you want to avoid leaving money on the table, or your home's in good enough shape to give you some bargaining power when negotiating terms, you’ll probably do better selling with an agent — preferably from a brokerage offering better-than-average commission rates.
With Opendoor's offer in hand, you can list for a set period (e.g., 30–60 days) and fall back on Opendoor's offer if you don't get the price and terms you want. In addition to netting more for your house, you'll have more control over negotiations than when dealing with a company like Opendoor.
"You’re going to get the most money when you have people competing with each other, and that’s going to happen when you list on the MLS," says Nashville realtor Barry Richards. "But you can use that iBuyer’s offer as a baseline."
Before you commit, it's smart to compare options — either on your own or through a free service like Clever Offers.
FAQ about selling to Opendoor
Is selling to Opendoor worth it?
Opendoor could be worth it if selling fast is your top priority. Opendoor can close on your home in as little as 14 days from the time you sign the contract. However, if you want to earn as much money as possible, your best bet is to work with a discount real estate agent who can help you save on commission and sell your home for top dollar on the open market.
Does Opendoor have hidden fees?
No, Opendoor is generally transparent about its fees, which include a service fee (historically 5%, but now variable), variable repair deductions, and typical closing costs. However, some sellers complain that repairs costs are sometimes out of line with the actual amount of work needed. Compare Opendoor to other iBuyer companies.
What's the difference between an Opendoor preliminary offer vs. a final offer?
Opendoor's preliminary offer is automatically generated within minutes of entering your home details. Opendoor's final offer is based on a home assessment and includes its repair deduction (also called a condition adjustment) and service fee (historically 5%, but now variable). Because of this, the final offer you receive from Opendoor will generally be lower than the company's initial offer.
Does Opendoor negotiate on price?
As a seller, you can try to negotiate your Opendoor offer. However, the company doesn't usually adjust its offer unless it made a significant error in your home assessment. As a buyer, you can also attempt to negotiate the price on an Opendoor home, but many buyers complain about Opendoor's refusal to budge on price.
Can I cancel my contract with Opendoor?
Yes, you can cancel your Opendoor contract at any time before closing, with no cost. This is one of the perks of selling your home to Opendoor as opposed to other iBuyers, most of which charge a cancellation fee. Learn more about how Opendoor stacks up against its competitors.
Related reading
About our reviews
Our review process includes gathering all verifiable customer reviews from 3rd party sites such as BBB, Google, Consumer Affairs, TrustPilot, and Yelp. In addition to tallying total review counts and average customer ratings, we run all available reviews through AI to identify the most common positive and negative themes mentioned across the entire review set.
Whenever possible, we also talk directly to customers, company reps, and industry professionals (such as real estate agents) who have firsthand experience with the company.
Our Opendoor reviews also include proprietary analysis of Opendoor transactions sourced from MLS data and public property records. The data set includes all available records within a two-year period where we were able to verify Opendoor as both the listing broker on the most recent home sale and buyer on the previous home purchase.
We partner with cash home buyers across the country, and some may appear in our recommendations. If you connect with a company through us, we may earn a small commission — but that never influences our recommendations. There's no pressure to work with any company we connect you with. We want you to choose the best option for your situation, whether that's through us or not.