Anonymous
I initially hoped to use Opendoor because a couple friends had begun the process of selling their home to Opendoor and it seemed to be pretty smooth. I received a letter in the mail from Opendoor outlining an offer range (not a formal offer at this time, but a good indicator of what I might expect) so I decided to call as well. I spent thirty minutes on the phone and was reassured that someone was working on my offer at this time. I received a communication the next day saying an offer couldn't be made at this time. All this would only amount to some slight irritation - with everything going on with Coronavirus and the uncertainty regarding where the housing market is going I can completely understand hesitancy when buying homes. However, the situation was a lot more serious for the other friends who were using Opendoor. Opendoor pulled out on them in the middle of last week and left them in a situation where they are closing on a new home but will now no longer have any money on the sale of their old home. They must begin the process of selling through a realtor all over and with current uncertainty it is highly unlikely they will sell in time to meet their closing date on their new home. Do business with Opendoor only if you like rolling the dice; they clearly have no problem bailing at the final hour.
4 years ago
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