4 ms·
Having completed thousands of home sales at Opendoor, I believe a system will works better for most home sales, but local expertise works better for high-end ho
by jdross 9y ago
Having completed thousands of home sales at Opendoor, I believe a system will works better for most home sales, but local expertise works better for high-end homes.
An agent always make you feel like their differentiation matters. Redfin advertises their refined process across thousands of homes to sell faster for more money. Your neighbor advertises their local expertise and awareness to get you an edge.
We joke that real estate is like politics – Everyone hates real estate agents, but loves their real estate agent.
- probe 9y agoDoes Opendoor primarily work with high-end homes or your "average" home (relative to the area of course)? Also thoughts on Ben Thompson's analysis on your company (https://stratechery.com/2016/opendoor-a-startup-worth-emulating/ https://stratechery.com/2016/opendoor-a-startup-worth-emulat...)?
- jdross 9y agoOur average purchase price is in the low 200,000's. We work with the middle 80% of homeowners. Huge Ben Thompson fan, and waking up to his analysis that morning was a joy and big surprise. Rob Hahn has also done some solid analysis on his blog: http://www.notorious-rob.com/2016/12/forest-for-the-trees-opendoor-edition/ http://www.notorious-rob.com/2016/12/forest-for-the-trees-op...