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Not true. I sold a condo to Opendoor recently and it was unlisted, just a private transaction. They overpaid very generously too.
by muttantt 5y ago
Not true. I sold a condo to Opendoor recently and it was unlisted, just a private transaction. They overpaid very generously too.
- foogazi 5y ago> They overpaid very generously too. How do you know without getting bids from the open market ?
- vrykoul 5y agoNot op, but a house in my neighborhood was sold to OpenDoor for $397k. It sat unsold for 3 months in an area where other homes are sold over asking on the day that they're listed. They finally have it under contract for $386k for a net loss of $11k. You can see the transaction history here: https://www.zillow.com/homedetails/125-Mays-Blf-Fayetteville-GA-30215/61868017_zpid/ https://www.zillow.com/homedetails/125-Mays-Blf-Fayetteville... Add in whatever fees go along with the sale, and they're out a fair bit more than that.
- muttantt 5y agoI sold another condo in this same complex 2 months ago through a real estate agent. Far more painful process and got much less. Also see here: https://news.ycombinator.com/item?id=29087989 https://news.ycombinator.com/item?id=29087989 Opendoor still holds it, Zillow is already marking down a similar one by 14%.