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Opendoor Unlocks a New Way to Buy and Sell Homes

Becoming a homebuyer (or seller) has never been easier, thanks to this innovative real estate company.

Presented by Opendoor By Ben McBee June 24, 2019

Buying a home can be one of the most stressful, complicated things we undertake in life. It’s a high-stakes juggling act, with the unpredictable timing, financial anxiety, and heaps of paperwork all bouncing off of each other in midair. Opendoor can streamline the entire process of purchasing and selling a house; since debuting in Portland in October 2018, the innovative “iBuyer” has transformed the local real estate industry.

Buying a Home

Whether you’re looking to change neighborhoods, upsize (or downsize), or purchase your first home, Opendoor can help you easily browse and tour dozens of available properties in the greater Portland metro area. Using the company’s website or mobile app, potential homebuyers can find important details and photos of each property. Physically viewing an Opendoor home is even more straightforward; you’re free to visit on your own schedule, unlocking the front door using the Opendoor mobile app on your phone between 6am - 9pm, seven days a week. Purchasing an Opendoor home even comes with a 30-day satisfaction guarantee (subject to guarantee terms). 

Selling Your Home

Selling your home no longer needs to be a months-long ordeal plagued with constant worry and financial stress. There’s no upfront obligation; simply fill out Opendoor’s online questionnaire about your home and if your home is eligible, you’ll receive a competitive cash offer within 24 hours. If you accept the offer and any repairs are needed, you can choose to handle them or skip the hassle and Opendoor will simply deduct the costs from your net proceeds. Opendoor then takes ownership of the home and finds the next buyer, eliminating the traditional gauntlet of listings and open houses. You can even establish your own closing timeline, which can be anywhere between 14 to 60 days, avoiding costly double mortgages or the need to find expensive temporary housing.

“Newcomers to Portland and longtime residents alike have really responded to the convenience and flexibility Opendoor brings to the moving experience,” says Joe Denother, General Manager of Opendoor Portland. “Whether you’re in Beaverton, Gresham, or Tigard, Opendoor takes the friction out of buying and selling a home across the Portland area.”

Additional Resources

Buying or selling a house can be a confusing and overwhelming process, but Opendoor simplifies the process so that homeowners can more easily move on their own timeline. The company’s experienced team is accessible at every point of the transaction, answering any questions you may have. Their blog is also an incredible resource, providing knowledgeable insight on relevant topics like appraisals and commission fees to inform and educate homeowners. Opendoor doesn’t sacrifice relationships with agents either; it recently launched a new Opendoor Agent Partner program to pair buyers and sellers with highly-rated, trusted local agents when it is the customer’s preferred option.

Jen Howard found selling her Portland home with Opendoor an effortless occasion. After hearing a radio spot, she and her husband decided to try it out — with some hesitation at first. “We just kept waiting for it to be a scam, but every turn was perfect, and we were always in contact with awesome, friendly, informative, knowledgeable people,” says Howard. “Their website is amazingly clear and easy to use. Everything exceeded our expectations.”

Opendoor created what is now commonly referred to as the “iBuyer” category in 2014 and now closes on more than 3,000 transactions per month across 20 markets nationwide.

With nine months of experience in Portland already under its belt, Opendoor is quickly establishing a dependable reputation as a trustworthy facilitator for one of life’s biggest decisions.