Open door is probably good for those in a hurry to sell or not wanting the hassle of going through the normal sales process with a Real Estate Agent and Company. However, it may cost you a lot of money. Open Door quoted my home at far below market value and they charge 6% plus other fees. They inspect and look for repairs that will need to be made in order reduce the price. Since I felt the price was far too low and I was not in a hurry or desperate, I contacted an agent. We eventually listed at $35K higher than the Open Door offer. The Real Estate Company I used charges a 1% listing fee and pays the buyers agent 2,5%. A total of 3.5% to sell We had full service and a team working with us. This led to a full price offer plus other incentives the day after our open house. In total we were listed for 4 days before a contract was signed. I know it can be tempting to take the easy way out, but in our case it would have cost us $35,000 in the sale plus the extra commission and fees that Open Door charges.
6 years ago
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