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Homelight vs. Opendoor

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HomelightOpendoor
as of 06/11/2018
as of 05/21/2018
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Comparing different models Homelight provides tools to help you find an agent and offers a traditional brokerage service while Opendoor buys your home directly from you.

What is Homelight

Homelight is an unbiased platform that helps you find local agents that best fits your needs using comprehensive analytics. They compile data from over 29 million real estate transactions and 2 million agents to help you find a top local agent. Homelight uses factors such as client reviews, transaction volume, and property type specialization to help match you with an agent that fits your needs. Agents listed on the platform are not able to pay to boost their ranking, as rankings are purely based on data. Homelight is free to use, and makes money from referral fees paid by agents.

How Homelight works

  • Enter your location
  • Answer a few questions and submit contact information
  • Receive information on top agents around you.
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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 Homelight compared to Opendoor
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Homelight
Opendoor
Agent Comparison
Home Purchase