Opendoor buys homes from people who do not wish to go through the process of marketing and selling their homes. It partnered with Lennar Homes at first but is now open to all builders. Housingwire reports:
“Today, we’re announcing that the program is now available to all builders,” the company wrote in a blog post last week. “Already, it has been used by 19 of the industry’s top 25 builders, including 6 of the top 10, who have offered Opendoor as an additional service to create a better experience for contingent buyers.”
The company explained the expansion is to better serve the needs of home builders and home buyers, adding that the company is now offering customers in the program the ability to be flexible with their closing dates. The company said buyers can close in as quickly as 10 days or as long as nine months.
“This makes Opendoor an option for standing-inventory homes, as well as new builds from the ground up. Opendoor’s closing timelines are also fully flexible, which provides a better customer experience for new home buyers if there are construction delays or last-minute changes,” the company said.Read More