Opendoor, the e-commerce platform for residential real estate that transformed the buying and selling process, has introduced another new feature.
Opendoor Exclusives is a first-of-its-kind, one-tap buying experience for homebuyers in Dallas-Fort Worth, as well as Austin and Houston. Designed to make homebuying an e-commerce-like experience, it streamlines the existing process to make homeownership more accessible.
Merav Bloch, general manager of Exclusive Listings, notes, “Between rising interest rates and low housing stock, it’s a challenging time to buy a home. In a competitive environment with high mortgage rates, aspiring homeowners feel frustrated, anxious, and defeated after losing out on bids. We built Opendoor Exclusives to make homebuying more certain and hassle-free.”
Here are three reasons why you should consider Opendoor Exclusives when buying your next home:
1. Pay with peace of mind
Opendoor homes are available on Opendoor Exclusives for 14 days before they are listed on a Multiple Listings Service. And while on Exclusives, they are offered at a price that’s less than what Opendoor will list the home for.
Even better: Should you buy an Opendoor Exclusive home that appraises for less than the purchase price, Opendoor will reduce the price by up to $50,000 to match the appraised value under its Appraisal Price Match Guarantee. This gives you more confidence that you aren’t overpaying for a home.
2. Avoid bidding wars and price negotiations
The Opendoor Exclusive price means no haggling, no lack of transparency, and no more love letters to sellers. With Opendoor Exclusives, you’re in control. Find a home you love, be the first to sign the contract, and you can make it yours.
Back out anytime and get a full refund on your earnest money deposit: There are no penalties if you change your mind at any point before closing. It’s that simple.
3. Experience a fully digital checkout
Opendoor has digitized the checkout flow, making a home purchase as simple as any other e-commerce transaction.
Opendoor Exclusives customer Colton Katzen reflects on his experience: "We found a beautiful home in a great neighborhood, but didn't want to get our hopes up. After going through this four other times only to ultimately miss out on homes that went well above asking, we were skeptical to move forward. We decided to try Opendoor Exclusives and it could not have been a smoother process from beginning to end. There was no stressing, no haggling, no worrying about an appraisal — it was actually an enjoyable experience! The only thing I would change is starting our search with Opendoor."
Find out more about Opendoor Exclusives here.