At a high level, we use comparable home sales, market data, and local expertise to determine the baseline for your offer. Once we have that number, we consider the amount of risk we’re willing to take on in order to purchase the property, given current market conditions.
We take hundreds of other factors into consideration, including:
- Home details. This is the info submitted about your home.
- Local market trends. We consider if homes are appreciating or depreciating in your area.
- Sales of similar homes nearby. We find homes a short distance away that have similar features. and use them as a baseline for your home’s price.
- Special features and upgrades. These are things like kitchen or bathroom upgrades. It’s especially helpful when you send photos. For example, if your home has granite countertops, and the comparable home doesn’t, we’ll give you credit for the upgrade.
An Opendoor offer includes the service we provide to make your home sale simple and stress free. We enable you to sell in a matter of days, without showings or open houses.