Anonymous
The final offer from Opendoor was about $73,000 lower than their preliminary offer. They ended up offering less than what I paid for the house several years ago, and I have put in over $20,000 in remodeling since buying the property. Their only explanation for the massive change in sales price was that the comps they used for the preliminary offer were not very good comps so they re-ran the comps and came up with a "more accurate" assessment of the home value. Their final offer price was about $78,000 lower that the Zillow Zestimate for my home and about $85,000 lower than what local real estate agents suggested my home was worth. They were definitely a waste of time for me.
2 years ago
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