> Those charts almost always showed that consumers would make thousands of dollars more by selling to Opendoor.
If Opendoor is paying more than what you'd get in the open market, where are they going to make the money from? Aren't they going to lose money on every deal then?
There's the old adage: if it sounds too good to be true, it usually is.
I thought the trade off was largely understood by the seller eg you take a small discount in exchange for a very fast and reliable sales process where you can sell to Opendoor in days vs weeks/months in a traditional sales process?
If they cut out the real estate fees, yeah you can make (save?) More money by selling to them. And they can still turn a profit... A portion of the profit the real estate agents would have made.
If Opendoor is paying more than what you'd get in the open market, where are they going to make the money from? Aren't they going to lose money on every deal then?
There's the old adage: if it sounds too good to be true, it usually is.