The Truth About Direct-Buy Platforms (Opendoor, Perch, etc)

If you have been thinking about selling your home, you have more than likely heard of Opendoor by now. They are a new company that promises an instant offer on your home, no showings, and a quick close. While this may be a good option for sellers who NEED to move immediately and don’t need to net top dollar, it leaves a lot of money on the table for those who don’t. Here are some facts:

  • Generally Significantly Below Market Value Offer  

  • Open Door Transaction Fee of 6.5%-11% 

  • Often MAGNIFIED SELLER COSTS once the inspection is complete and money is sought for repair issues found in the inspection. Use of the word “magnified” vs. as it compares to repair concessions in agent represented transactions.

  • Doing unrepresented business with a direct buy platform such as Opendoor or Perch is doing business with an entity that by default is working in its own best interest...not yours. 

Give us 30 minutes to do a listing consultation, we can even do it virtually if that works better for you! Let us see if you’re potentially leaving money on the table with an Opendoor/Perch/Direct Buy offer.