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Offerpad vs. Opendoor

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OfferpadOpendoor
as of 05/24/2018
as of 05/21/2018
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What is Offerpad

Offerpad purchases your home directly from you. Receive a no obligation offer on your home, and if you accept, close when you want. After selling your home to Offerpad, they will then renovate your home and list it on the market for sale.

How Offerpad works

  • After sending your home information to Offerpad, they will send you a purchase offer. If you accept the offer, you will then sign the purchase agreement.
  • Offerpad schedules a home inspection to make sure everything checks out.
  • Choose the day you want to close on, any day within 5 – 90 days. Sign the purchase contract, and close on the property.
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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.
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Service offerings by Offerpad compared to Opendoor
Service
Offerpad
Opendoor
Home Purchase
Pick your close date
Free Local Move