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Table of contents
Table of contents

Opendoor Competitors

Opendoor competitors include:

  • OfferMarket
  • Offerpad
  • Zillow Offers
  • RedfinNow

Service Type Offer Competitiveness
Opendoor iBuyer Low
Offerpad iBuyer Low
Zillow Offers iBuyer Low
RedfinNow iBuyer Low
OfferMarket Marketplace High

Things to know about the iBuyer model

Opendoor is an "iBuyer" (short for "instant buyer") of single family homes. iBuying is a new home sales model where you receive a cash offer to sell your home fast. While there is an incredible convenience factor in play, the iBuying model comes with some drawbacks that we feel are important to know. If you're looking to sell your home fast and looking for Opendoor competitors, this article aims to detail your options.

  • Service is available in limited markets
  • Not all houses receive an offer
  • Needs to be owner-occupied or vacant
  • You will receive a lower offer than you would in a competitive sale
  • You will pay service fees of 6% - 10% (not including repairs)
  • Your offer will be contingent on an inspection and you will either need to pay for repairs or accept a revised, lower offer.

Opendoor in more detail

  • Opendoor, like all iBuyers, provides offers below market value.
  • ​Opendoor's services are limited to certain cities in Alabama, Arizona, Florida, Georgia, Nevada, North Carolina, South Carolina and Texas.
  • Service is limited to houses that cost less than $600,000 and have no structural problems

Opendoor vs OfferMarket

Comparison OfferMarket Opendoor
Service fee 0% 5%
Repairs $0 (as is) paid by seller
House type Any Selective
Closing timeframe 15 - 45 days 14 - 60 days
Markets Nationwide Limited cities in AZ, CA, CO, FL, GA, MN, NC, OR, TN, TX, UT

​At the end of the day, how much money do you receive?

Net Proceeds Analysis OfferMarket Opendoor
Purchase price $100,000 $100,000
Service fee $0 $5,000
Repairs $0 $2,000*
Closing costs $1,500* $1,500*
Net proceeds $98,500 $91,500

(*) estimated

Ready to sell your house fast and competitively with OfferMarket?