Sell your home with a click? A lot of things have changed about buying a home in the last ten years, from the way we shop for real estate (on line, or via mobile device) to the way we sign closing documents. And though the disruptors Redfin Inc., Zillow Inc. and Trulia Inc. have made searching for homes easier by taking the process online, the process of actually SELLING a home still has not really changed. Still pretty slow and cumbersome.
Experts say this is the next real estate horizon.
A San Francisco-based startup that just landed in Dallas may just be the disruptor to shake it all up. Opendoor.com has technology that replaces the traditional “cash for homes” market — you know, “We Buy Ugly Houses”, or those signs on the street corner saying, “We buy houses.”
There is, of course, a huge market for investors who want to buy troubled (read: cheap) homes quickly. Opendoor may be their Nirvana. Or it may be great for the person who just doesn’t want to mess with the time it takes to sell.
Opendoor redefines how real estate is transacted, transforming a more-than-two month process into an instant and frictionless experience. Instead of dealing with the hassle of listing and showings, upfront costs and repairs, negotiating with multiple parties, and the risk of the home not closing, homeowners can visit Opendoor.com, receive a guaranteed Opendoor offer and complete their sale in a few clicks.
The startup is expanding from its test market cities to buy homes nationwide. Thursday, OpenDoor launched in Dallas, one of the hottest real estate markets in the country. (more…)