What is Opendoor's service charge?

Log in to opendoor.com, open your dashboard, and select "Offer Details" to see the exact service charge for your offer. The service charge is the fee Opendoor charges for buying, holding, and reselling your home.

What the service charge covers

When Opendoor purchases your home, we take on the work and risk of reselling it. The service charge covers:

• Buying your home directly -- you get a cash offer without listing on the market.
• Holding costs -- property taxes, insurance, utilities, and maintenance while we own the home.
• Resale preparation -- repairs, cleaning, staging, photography, and marketing.
• Market risk -- if home values shift between when we buy your home and when we resell it, Opendoor absorbs that risk.

The service charge replaces the various costs you would normally pay in a traditional sale, rolled into one transparent fee.

How much is it?

The service charge varies and is shown in your offer breakdown. It depends on factors like your local market, the specifics of your home, and current conditions.

Note: Opendoor does not publish a fixed service charge percentage. Your offer breakdown on the dashboard shows the exact amount for your home.

Where to find your service charge

1. Go to opendoor.com and sign in.
2. Open your dashboard.
3. Select "Offer Details" or "Offer Breakdown" -- the service charge is listed as its own line item with the dollar amount.

Service charge for Cash Now, More Later

If you are considering Cash Now, More Later, the service charge is 5%. This is separate from the variable service charge on a regular cash offer. The 5% rate is shown in your offer breakdown on your dashboard alongside the regular cash offer details.

How it compares to a traditional sale

In a traditional home sale, you typically pay:

• Agent commissions -- usually 5-6% of the sale price, split between the listing and buyer's agents.
• Staging and prep -- cleaning, repairs, landscaping, and professional staging to attract buyers.
• Showings and open houses -- weeks or months of keeping your home show-ready.
• Holding costs -- mortgage payments, taxes, and insurance for every month the home sits on the market.
• Concessions -- buyers may negotiate credits or price reductions after their inspection.

With Opendoor, these are replaced by one service charge. There are no separate agent commissions, no staging bills, and no surprise concessions after an inspection.

Tip: To compare your options side by side, look at your net proceeds -- the amount you actually take home after all costs. That gives you the clearest picture.