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Opendoor is essentially a home flipper. The company seeks to purchase homes and resell them for a higher value after making modest repairs or improvements that, in addition to a 5% service fee, it ...
Opendoor is an online "iBuyer" which makes instant cash offers for homes, fixes up those properties on its own, and relists them for sale on its first-party marketplace.
Like other online real estate stocks, Opendoor's business is highly sensitive to the state of the housing market, and with existing home sales still down roughly 40% from before the pandemic ...
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] It also provides mobile application-based home buying services along with financing.
[1] [11] From an Instant buyer company’s perspective, the higher fees cover the investment risk involved in holding the property for a potentially long period of time. [12] For a seller, the fees are paid in exchange for a much faster property-selling process than with a traditional real estate model and for avoiding the need to make repairs ...
Opendoor's third-quarter numbers exceeded expectations, so why isn't the stock moving higher? Down 62%, Is Opendoor a Good Stock to Buy Now? Skip to main content
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