![]() In certain states, Opendoor also offers a credit of $1,000 towards closing. You get competitive interest rates on loans and avoid any extra lender charges. Opendoor Home Loans: You can finance your new home with the Opendoor mortgage lending solution. ![]() So, if the house doesn’t live up to your dreams, you can return it in three months. 90-Day Buyback Guarantee: A marketing tactic to promote Opendoor home sales, the iBuyer offers a 90-day buyback guarantee for a 3% fee.Instead of paying two mortgages, you just have to pay 5% service fee once. Opendoor Complete: You can use your Opendoor cash offer for your old home to purchase a new one.Similar to a traditional brokerage, you will receive all the assistance you need with Opendoor realty. Opendoor Brokerage: You can work with an Opendoor agent if you wish to list your home on the MLS.Here are some additional services Opendoor provides, depending on your location. House needs to be within Opendoor’s coverage area. Houses built after 1930 are eligible for Opendoor offers. Opendoor buys homes valued between $100K to $600K. Property should be occupied by owner and must be vacant at the time of closing. Seller must have clear and marketable title. Primarily purchases single-family homes, townhouses. To qualify for an Opendoor offer, your property needs to fulfill these conditions: If your property doesn’t meet their eligibility criteria then Opendoor may not make an offer. Opendoor has strict eligibility criteria for the homes they purchase. » Selling a House as is: A step-by-step guide for home sellers What Types of Homes Does Opendoor Buy? The cash sale will go through a few days after closing. You will need to move out of your house by 11.59 pm on the day before escrow closes. You will have to upload photos of your home on Opendoor’s online dashboard to prove that its condition hasn’t changed since the assessment. Close on the Sale: If you accept Opendoor’s cash offer, you can select a closing date up to 60 days out.This offer includes their 5% service charge, repair expenses, and closing costs. Receive the Final Cash Offer: Opendoor makes a final offer on your house within 2 days.Typical areas of the home inspection include the foundation, roof, plumbing, electrical, AC units, etc. Complete the Home Inspection: Opendoor sends an in-house appraiser to inspect your property.Schedule a Virtual Home Tour: If you accept their offer, Opendoor will arrange a virtual home tour, either via video call or by submitting property photos and videos for verification.Request an Offer: Provide details about your home on and receive a free estimate.Here’s a quick rundown of how the Opendoor offer process works:
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