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>Opendoor is betting that there are hundreds of thousands of Americans who value the certainty of a sale over getting the highest price How does that work in h
by LordHumungous 10y ago
>Opendoor is betting that there are hundreds of thousands of Americans who value the certainty of a sale over getting the highest price
How does that work in hot markets where sales are quick and certain? (a home in Seattle usually gets 6-10 offers). As a seller you're asking me to accept a lower price and pay a higher fee for little benefit.
Also, how does your model work if the housing market has a downturn? Suddenly all those arbitrage opportunities are underwater. Seems like what you are doing is basically real estate speculation.