As the nation's largest iBuyer, Opendoor has built a business around providing a convenient alternative to the traditional home sale — allowing homeowners to sell on their timeline without having keep their house in pristine condition for prospective buyers.
While Opendoor may enjoy more brand recognition among non-traditional real estate brands, it isn't the only reputable company offering a more streamlined home sale process.
Opendoor competitors include other iBuyers, buy-before-you-sell companies, and local 'we buy houses' companies. Opting for one of these alternatives may get you a higher sale price or simply be a better fit for your needs.
An offer marketplace like Clever Offers can save you a ton of time sourcing offers and figuring out your best options — which is why it's our top-rated Opendoor competitor. With Clever, you can compare legitimate cash offers from iBuyers, investors, and more — with no added fees or obligation to move forward. Sell in as little as 7 days for the highest possible price.
7 Top Opendoor competitors for 2025
1. Clever Offers: Find the most competitive cash offers
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Clever Offers provides a hassle-free way to compare competitive cash offers. When you want the speed and ease of an all-cash sale, this 5-star rated company can bring you multiple competing 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
Cons
- Cash offer options may be limited in some areas
2. Knock: Buy before you sell
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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 lended to buy
Cons
- Service and loan fees add 2.25%, plus $1,850, to your home selling costs
- Backup cash offer will be ~20% less than your home’s market value
- May have up to 6 months of ongoing mortgage costs while your house sells
3. Homeward: Get cash upfront, list for additional upside
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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 6.5% on top of the usual home-selling costs.
Pros
- Get a cash offer worth 89% of your home value, then list for additional proceeds
- 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
- Stricter purchase criteria than a typical cash buyer
- Some customers express confusion over fees
4. Orchard: Tap your equity to buy and then list
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Orchard is a decent option if you want to try selling on the open market, but you like the certainty of having a backup cash offer. Its buy-and-sell program lends you the equity from your current home to make an offer on a new one — meaning you don't have to wait for your house to sell to free up the cash for a down payment. The company then helps you list your home on the market and gives you a guaranteed cash offer to fall back on. The downside? Orchard fees start at ~8% of the sale price.
Pros
- List on the open market, have a cash offer to fall back on
- Make a more secure, competitive offer when buying
- Avoid paying overlapping mortgages out of pocket
Cons
- Service fees are ~8% of your home sale price
- Orchard’s backup offer is less than market value
5. HomeLight Simple Sale: Compare an investor's offer to selling with an agent
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If you're not sure where to start, HomeLight Simple Sale helps you explore two options: Getting cash offers or listing with an agent in their network. However, reviews indicate that offers are scarce in some areas and most sellers end up being matched with an agent.
Pros
- Compare investors' offers to the sale price you'd get with an agent
- Investors are vetted by HomeLight team before joining their network
- No extra fees for using HomeLight's service to find offers
Cons
- Not all sellers are successfully matched with investors
- Final offers may be lower than HomeLight’s initial online estimate
- You may get calls from HomeLight agents trying to earn your business
6. Offerpad: See what another iBuyer might offer
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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 8–90 days. However, customers claim it charges high fees for repairs uncovered during the home inspection.
Pros
- You can close in just eight days (15 in FL and GA)
- 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
- 1% cancellation fee for backing out after accepting the final offer
7: We Buy Houses: Get a fair offer on a home in poor condition
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Established in 1997, We Buy Houses is a solid choice if you want to sell fast to a reliable brand. You don’t need to worry about repairs — or even getting caught up on mortgage payments — and you can close extremely quickly, sometimes in just a week. However, expect to get less than market value for your house.
Pros
- Get an offer in 24–48 hours and close in as little as 7 days.
- Will buy homes in any condition, even if you're behind on payments
- They'll accommodate your moving timeline and pay closing costs
Cons
- Offers and service quality can vary between local franchises
- Company pays less than fair market value
- Little room for negotiation after the initial offer
What to consider before selling to a company like Opendoor
- iBuyers have limited service areas and strict purchase criteria, so they're not an option for most sellers. As the nation's largest iBuyer, Opendoor is only available in about 50 markets nationwide, and they typically look for newer homes in appreciating areas that don't need a lot of work to resell.
- Offers are unique to your home. iBuyers like Opendoor and Offerpad make offers based on a variety of factors, including current market conditions and the amount of work needed to make your home move-in ready.
- It's a good idea to get a professional opinion of your home value. Listing with a real estate agent will likely get you a higher selling price than selling to an iBuyer. However, for some sellers, the convenience of Opendoor's process is well worth the trade-off. In any case, you should know your home's fair market value going in so you can make an informed decision. Many realtors are willing to provide a comparative market analysis (CMA) for free.
- Buy-before-you-sell programs offer an interesting alternative. For sellers who want to avoid the hassles of a traditional home sale but don't want to sacrifice their equity, companies like Knock, Homeward, and Orchard provide bridge loans to help you buy a new house before you sell. However, the selling costs for these services tend to be higher than costs for iBuyers or traditional listings.
- If you need to sell fast but don't meet an iBuyer's purchase criteria, consider selling to a real estate investor. These investors include local house flippers and national "we buy houses" companies. Investors can close in 1–2 weeks, but you'll usually make a lot less profit.
- To get the best price, seek competing offers. You can shop alternatives by reaching out to top cash home buyers in your area or using a free cash offer comparison service like Clever Offers.
How much do companies like Opendoor pay?
During the pandemic housing boom, companies like Opendoor earned a reputation for paying close to full-market value for homes. However, recent data shows that Opendoor's offers have cooled along with the market.
Our research team's analysis of more than 200 homes bought and sold by Opendoor since 2022 found that Opendoor pays approximately 6% less for homes than it eventually resells them for.
On a home purchased at $538,832 (the average paid by Opendoor among the homes we analyzed), that represents a loss of about $22,896 in potential profit for the home seller. That's on top of the 5% service fee and repair deductions already charged by Opendoor.
How much does Opendoor buy and sell homes for, on average?
| Avg. Opendoor purchase price | $538,832 |
| Avg. resale price | $561,729 |
| Avg. price difference (bought-to-resold) | $22,896 |
| Avg. % market value paid by Opendoor | 94%* |
While Opendoor's purchase price is still higher than many traditional cash buyers, such as fix-and-flip operations that offer no more than 70–80% of a home's potential resale value, it's still far less than you could get from an open market sale.
Home sale data from Maker Real Estate found that properties sold through the MLS netted sellers and average of $49,000–104,000 more than those sold off-market to an investor or wholesaler. That's after factoring in the cost of realtor fees, which average 5–6% of the home sale price.
Opendoor vs. alternatives
Offerpad | Buy-before-you-sell programs | 'We buy houses' companies | Offer networks | Realtor
Opendoor vs. Offerpad
🔑 Key similarities
- Both companies charge a service fee of 5%.
- You can pick your closing date. You’ll have the freedom to move when you want to.
- No showings are required. Instead, both companies will schedule an inspection and take care of repairs for you. (They deduct the cost of repairs from the selling price.)
🔑 Key differences
- Offerpad has a more flexible closing timeline. In most locations, Offerpad can close in 8–90 days. Opendoor offers a range of 14–60 days.
- Offerpad may have higher repair costs. Home sellers claim that Offerpad has a more thorough inspection process, often resulting in higher repair costs.
- Opendoor is available in more markets. Opendoor operates in 50+ cities across the US, while Offerpad operates in just 24 markets.
Offerpad is Opendoor's main competitor in the iBuyer space. Like Opendoor, Offerpad purchases mostly move-in ready homes in appreciating areas to resell them for a profit. Both companies charge a 5% service fee in exchange for a quick, hassle-free home sale.
Offerpad has a few advantages over Opendoor, including a more flexible closing timeline. You can close in as little as 8 days or up to 90 days if you need more time to find a house. Offerpad also offers perks like free local moves and a three-day grace period after closing in case you need more time to move out.
However, some customers we talked to note that Offerpad charges more for repairs, resulting in final offers that are much lower than initial offers. Offerpad also charges a 1% cancellation fee, while Opendoor doesn't charge a fee to cancel. Additionally, Offerpad is available in only half as many markets as Opendoor.
Opendoor vs. buy-before-you-sell programs
🔑 Key similarities
- Your home sale is guaranteed. While Opendoor buys your house directly, buy-before-you-sell programs help you purchase a new home before you list your current one. However, they also provide a cash offer that you can take as backup in case your home doesn't sell the traditional way.
- Home showings won’t disrupt your schedule. With buy-before-you-sell programs, you can move into your new home while showings happen at your old home. With Opendoor, you don't need showings because the company is your buyer.
- You choose your closing date. Both types of companies allow you to choose when you move.
🔑 Key differences
- Opendoor has lower fees. Companies offering buy-before-you-sell programs typically charge service fees well as standard real estate commissions. Opendoor's service fee is 5%, but you don't have to pay realtor fees.
- Buy-before-you-sell services can usually get you more for your house. These companies help you maximize your home's selling potential by working with your realtor to list it after you secure a new house. Some also offer interest-free financing for home improvements prior to listing.
- Opendoor automatically deducts repair costs from your offer. When you sell with a buy-before-you-sell program, you'll negotiate repairs directly with the buyer.
Rather than buying your home outright, buy-before-you-sell services like Homeward, Orchard, and Knock let you borrow against your existing home equity to purchase a new home even before you list. If your home doesn't sell on the open market, you can take the company's cash offer as a backup.
When you contact one of these companies, it will estimate your home value, determine how much cash you qualify for based on your current equity, and furnish a short-term, interest-free loan or cash advance to purchase your next house.
Once you move out, you'll work with a realtor to list and sell your previous home. You can use a portion of your equity advance to pay for moving expenses, make repairs before listing, and cover ongoing mortgage payments during the period between closing on your new home and selling your old one.
However, you'll have to pay anywhere from 1.9–6.5% of your home sale price in service and loan fees, on top of traditional realtor commissions and closing costs.
Opendoor vs. 'we buy houses' companies
🔑 Key similarities
- Both types of companies make a quick offer. Like Opendoor, house flippers can usually make a cash offer within 24-48 hours — it often happens on the spot after they inspect your home.
- Both Opendoor and 'we buy houses' companies offer fast closings. Because iBuyers house flippers purchase homes with cash, you can usually close in as little as 1–2 weeks.
- Neither requires you to make repairs. The trade-off is that both companies offer below-market value so they can resell your home for a profit.
🔑 Key differences
- 'We buy houses' companies will purchase homes in any condition. Opendoor has strict criteria and excludes most distressed or worn-down homes.
- Opendoor makes offers closer to market value. 'We buy houses' companies typically offer anywhere from 60–85% of your home's after-repair value.
- We buy houses companies are available just about anywhere, while Opendoor operates in about 50 markets.
'We buy houses' companies range from national franchises like We Buy Ugly Houses to local house flippers that purchase a home or two per year.
They are far more willing to purchase homes in less-than-ideal condition. They're also available in more markets than iBuyers like Opendoor, which generally stick to major cities.
The trade-off is that these fix-and-flip investors typically pay as little as 70% of a home's fair market value. They make a profit by buying homes at a bargain price, fixing them up, and selling or renting them for a higher price. However, some investors may offer more depending on their investment model.
» MORE: Are 'we buy houses' companies a ripoff?
Opendoor vs. cash offer networks
🔑 Key similarities
- Either option can get you a cash offer quickly without you having to list on the open market.
- You can request an offer for free — with no obligation to move forward.
- Both options aim to make the home-selling process hassle-free. You won't have to make improvements to appeal to buyers or vacate your house for showings and inspections.
🔑 Key differences
- Cash offer networks solicit buyers for and connect you with the best options. That way, you save time and awkward conversations seeking prospective buyers. Opendoor gives you only one offer to choose from.
- You'll likely get much lower offers. These companies work with investors, who tend to look for fixer-uppers they can flip for a profit — although Clever Offers also have iBuyers in its network.
- Neither Clever nor HomeLight charge sellers fees for their service, while Opendoor charges a 5% service fee.
- You can seek offers from cash buyers nationwide, while Opendoor only operates in certain markets.
Often, the best way to get offers from investors is through a cash offer service like Clever Offers or HomeLight Simple Sale.
Both companies have large investor networks spread across the country and screen investors before accepting them as partners — requiring them to show current proof of funds and a paper trail of successful deals.
With either option, you can compare multiple cash offers with the peace of mind that you're dealing with legitimate buyers. However, Clever's network includes iBuyers like Offerpad and Opendoor, as well as investors offering alternative deal types that may net you a higher payout.
Since both companies also offer agent matching services that connect buyers and sellers with top local real estate agents, they can also help you explore the price difference you'd get with listing a realtor vs. selling to a company that buys houses. However, Clever pre-negotiates realtor fees with their partner agents, so if you opt to list your house, you'll save significantly on the standard real estate commission.
Opendoor vs. a realtor
Real estate agents are still an option even if you don't have the time, money, or desire to make repairs before listing. Many realtors are adept at helping you minimize the losses from selling a home as is.
"At my brokerage, we offer a program called InnoEquity," says Suzanne Seini of Innovate Realty in Irvine, California. "The program enables homeowners to tap into their equity with no out-of-pocket costs and have pre-listing renovations done to their homes. The homeowner would then pay for the work when they close escrow."
A realtor may even advise you to list on the MLS while using a cash offer as a backup.
"One of the first things I do when I am helping a seller is shop around to iBuyers and investors to see if anyone is willing to pay as much as I expect it will sell for on the open market," says Phoenix-based realtor Adam Evans. "They usually don't, but sometimes they will and we can speed things up. Also, it's good to know about them for a baseline value and backups."
Before signing with a realtor, make sure you understand who pays their commission if you sell to a company like Opendoor. Since iBuyers charge you a service fee of ~5%, you may not want to offer your agent an additional commission. A good agent should be willing to negotiate their fees.
» MORE: The best brokerages for competitive commission rates
iBuyers no longer in business
Zillow Offers
Zillow used to be Opendoor's main competitor. But Zillow closed its iBuying service, Zillow Offers, in 2021 after reporting losses of more than $420 million. The company admitted that it had simply purchased too many homes at too high a price.
Today, Zillow partners with Opendoor in certain markets, which allows sellers to compare their Zestimate with Opendoor's cash offer. That way, sellers can make an informed decision about which options they want to pursue.
RedfinNow
RedfinNow was a key player in the iBuying space, but Redfin shut down the program in 2022, laying off approximately 13% of its staff in the process. Today, Redfin focuses on its core brokerage services for home buyers and sellers.
FAQ
Are there other companies like Opendoor?
Yes, there are other companies like Opendoor. Offerpad offers similar iBuying services, while Homeward, Orchard, and Knock offer home buy-before-you-sell programs. Services like Clever Offers and HomeLight Simple Sale offer a free way to compare offers from multiple cash buyers. Check out the best alternatives to Opendoor.
What is the best Opendoor alternative?
Offerpad is the best-known iBuyer after Opendoor, but it isn't your only alternative for getting a fast cash offer. Services like Clever Offers provide a way to compare cash offers from competing buyers, including individual investors and iBuyers like Opendoor and Offerpad. Here are our recommended alternatives to selling to Opendoor.
Who is better, Opendoor or Offerpad?
Offerpad isn't as widely available as Opendoor. But Offerpad offers free local moves and has a slightly more flexible closing timeline (890 days vs. Opendoor's 1460 days). Since both companies will give you a free quote, we recommend comparing quotes before choosing either company. Read our full comparison of Offerpad vs. Opendoor.
Related reading
What Is an iBuyer? iBuyers offer cash payment for homes on a lightning-fast timeline. The trade-off is that instant offers may be less than what you'd get on the open market.
How to Sell Your House Fast: On average, it takes a little shorter than a month for a home to go under contract once it's listed for sale. However, that's not the end of the process. It could take another month for the sale to close. Read on for tips to streamline this process and sell fast.
We Buy Houses for Cash Companies: In this guide to "we buy houses for cash" companies, we detail the differences between types of cash buyers, the process cash buyers use to purchase your home, and the pros and cons of selling to a cash buyer.