Comparing different models
Home Bay offers a discount online service to sell your home while
Opendoor buys your home directly from you.
What is Home Bay
Home Bay is a full service real estate company that helps you sell your home remotely for a low flat fee. Home Bay provides an end to end service to sell your home with remote support that walks you through every step of the way while providing you with the tools you need. Everyone working on your home sale with Home Bay are licensed real estate brokers with a minimum of 10 years experience.
How Home Bay works
Homebay will provide tips to prepare your home. You can schedule their free photographer to take professional photos of your home for the listing and marketing materials. You will also be provided with a lockbox so buyer agents can show the home.
A Home Bay agent can provide pricing guidance for your home. After pricing, home details, and photographs are ready, Home Bay will list your home on the MLS and a handful of other real estate sites.
Your home will be marketed digitally by advertising your listing and helping you rank on Google search and Zillow.
You will have access to Home Bay’s platform that allows you to communicate with buyers, analyze offers, and create counter offers, while being guided by a Home Bay agent every step of the way.
Home Bay will walk you through all the necessary steps for closing, from setting a close date to the final walkthrough and e-notarizing your documents. You can choose to use your own Title & Escrow Company, or Home Bay can refer you to a local company.
What is Opendoor
Opendoor purchases your home directly from you.
You can sell your home without listing it on the market and close on your own timeline. It is free to request a no-obligation offer from Opendoor. Offers are based on unique details and features of your home, recent comparable home sales around you, and market conditions and trends.
If you are looking to buy, you can browse Opendoor's inventory and easily make an offer through their app or by getting in touch.
How Opendoor works
Request an offer from Opendoor, and receive an offer based on market data and unique information about your home.
Opendoor arranges a free home assessment. If there are needed repairs, you can take care of them or Opendoor will do the work and deduct the costs.
Set a closing timeline, and a title and escrow agent will set a time for you to sign the necessary documents. Opendoor will visit the home in a final walkthrough to make sure the home is still in the same condition.
Service offerings by Home Bay compared to Opendoor