What is Cash Now, More Later (Cash Plus)? How does it work?

Cash Now, More Later is a selling option where Opendoor buys your home, makes improvements, and sells it on the open market. You get cash at closing, plus a possible final payment after Opendoor sells the home. You may have heard this called Cash Plus.

It combines a cash sale on your timeline with the chance to participate in how the home actually sells, without listing it yourself.

How it works, step by step

1. Request an offer at opendoor.com by entering your home address and completing the assessment.
2. Review what is on your dashboard. If your home is eligible, Cash Now, More Later will appear as an option. Some sellers see it next to a cash offer; some see one option.
3. Accept and close on your timeline. Closing is typically 21-60 days, and you choose the date. At closing, you receive your upfront cash.
4. Opendoor prepares and sells your home. After closing, Opendoor makes improvements and lists the home.
5. You may receive a final payment. After Opendoor sells the home, you may receive a final payment. That amount is an estimate until the home sells. It can be higher or lower than what you see today, depending on the sale price and selling costs.

Key details

• Fees: Shown in your offer breakdown. They can change based on how much cash you take at closing. Use the numbers on your dashboard, not a generic percentage.
• Closing timeline: 21-60 days.
• Cancellation: You can cancel any time before closing with no penalty.
• Eligibility: Cash Now, More Later is not on every offer. Check your dashboard at opendoor.com.

Tip: To compare this option with a cash offer, if both appear on your dashboard, see our side-by-side comparison.

What you get and what is estimated

Upfront cash at closing is yours. That amount does not change based on how the home later sells.

The final payment is estimated. Opendoor shows an estimate based on an expected sale and expected selling costs, such as repairs and prep, listing costs, and closing costs. After the home sells, the final payment is calculated from what actually happened.

• If the home sells for more than estimated after selling costs, the final payment can be higher.
• If the home sells for less, the final payment can be smaller or zero.
• You never owe Opendoor money back because of how the home sells. There is no clawback on the upfront cash.

Your dashboard has the specific numbers for your home. Treat any example as illustrative only.

Timing of the final payment

If there are proceeds after resale, the final payment comes only after Opendoor sells the home, typically a few months after you close.

If the home has not resold, there will not be results for the final payment yet. You already keep the upfront cash.