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Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [2]
This page was last edited on 26 September 2020, at 23:19 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers. Auctions range from $2 million to $100 million, but have an average of about $4 million. [10]
Opendoor Technologies Inc. agreed to pay $62 million to the Federal Trade Commission to settle allegations that it misled potential home sellers in its marketing campaigns.
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The retired NBA legend's sprawling Highland Park estate has been on the market on and off since 2012 Reuters 1 month ago Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025
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related to: residential designer near me open door realty group real estate auctionsopendoor.com has been visited by 10K+ users in the past month