Opendoor (NASDAQ: OPEN) provides a platform to buy, sell, or trade in real estate. It offers a digital platform for residential real estate sales and purchases. The company provides a mobile application that enables users to list properties for selling and buying. It was founded in 2014 and is based in Tempe, Arizona.
Research containing Opendoor
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CB Insights Intelligence Analysts have mentioned Opendoor in 4 CB Insights research briefs, most recently on Dec 21, 2022.
Expert Collections containing Opendoor
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Opendoor is included in 2 Expert Collections, including Real Estate Tech.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Tech IPO Pipeline
Opendoor has filed 16 patents.
Physical cosmology, Diagrams, Data modeling, Drug discovery, Systems engineering
Physical cosmology, Diagrams, Data modeling, Drug discovery, Systems engineering
Latest Opendoor News
Sep 19, 2023
Opendoor Technologies : launches Buy + Sell in New Markets September 19, 2023 at 12:31 pm EDT Share Buying or selling a home is complicated enough, but when you have to sell your current home to buy a new one, the need to coordinate multiple parties and timelines intensifies. But just as you use your phone to book a flight, hail a ride, or order groceries, imagine that you buy and sell your home the same way. Now, homeowners in three new markets - Boston, Massachusetts; the San Francisco Bay Area; and the Washington, D.C. area* - can do just that using Opendoor to conveniently both Buy + Sell their home, with complete control over the entire transaction. Homeowners get the flexibility they need, including lining up closing dates to avoid paying double mortgages or having to move twice. When Stefen Blasingame and his family moved from New York to Arizona, they quickly bought a home, but they knew deep down it wasn't their forever home. Two years later, the family's dream home came on the market, and they didn't want to delay. But they needed to first sell their current home, and then coordinate the big move. With young kids, Stefen and his wife didn't want to uproot their family by moving multiple times, or even renting for a period of time in between homes. So they turned to Opendoor. "We knew that if we were going to make the move a reality, Opendoor was our best bet to make that dream happen for us," said Stefen. "It was really, truly on our own terms and we appreciated that, especially with our past experiences." One-stop shop Like the Blasingame family, nearly one in three of buyers who closed on a home with Opendoor, also sold their home to Opendoor. And customers want a one-stop shop when it comes to real estate: 82% of sellers nationwide say they would prefer to use one company for all real estate transactions. Opendoor provides that one stop, combining selling and buying into a single, seamless transaction. Here's how it works: Get an Opendoor offer on your home: Sell your home directly to us. Confirm a few details about your home, and we'll make you a preliminary offer in minutes. Or, you have the option to list your home with an Opendoor agent. In 2022, Opendoor sent 7.6 offers per minute to potential customers. Find your next home: Browse and tour any home on the market*, in-person with a member of our team or over a video call, at a time that works best for you. You can even book same day tours. Potential buyers searched for homes on Opendoor 32M times in 2022. Avoid the hassle of finding an agent right away: When you're ready to buy, we'll pair you with a top local agent who has knowledge of the local market and will help negotiate with the seller around repairs and costs. We'll never pressure you to buy and you're never locked in using us as your buying agent. Before you're ready to buy, we're here 7 days a week: Our team is here to answer questions around things like specific homes, touring, and buying + selling with Opendoor. Close on your schedule: When your offer gets accepted, we'll help coordinate your closing dates, so you don't have to pay for two mortgages or two moves. In 2021, we were excited to introduce a new way to tackle the challenges of moving the old-fashioned way for homeowners who need to sell and buy at the same time. Now homeowners can Buy + Sell with Opendoor in Albuquerque, Atlanta, Austin, Birmingham, Boston, Charleston, Charlotte, Chattanooga, Cincinnati, Cleveland, Colorado Springs, Columbia, Columbus, Corpus Christi, Dallas-Fort Worth, Denver, Detroit, Greensboro-Winston Salem, Greenville-Spartanburg, Houston, Indianapolis, Jacksonville, Kansas City (MO), Killeen, Knoxville, Las Vegas, Los Angeles, Miami, Minneapolis-St.Paul, Naples, Nashville, select areas in New Jersey and New York State*, Northern Colorado, Oklahoma City, Orlando, Phoenix, Port St.Lucie, Portland (OR), Prescott, Raleigh-Durham, Richmond (VA), Riverside, Sacramento, Salt Lake City, San Antonio, San Diego, the San Francisco Bay Area, St. Louis, Southwest Florida*, Tampa, Tucson, Vancouver (WA), and the Washington, D.C. area*. Our vision is simple: buy, sell and move at the tap of a button. If you're looking to sell and buy your home, visit Opendoor.com. *Opendoor services North and Central New Jersey; Long Island and sections of the Lower Hudson Valley in New York State; and Benito, Cape Coral, Fort Myers, and Naples in Southwest Florida; and Northern Virginia in the Washington, D.C. area. Attachments
Opendoor Frequently Asked Questions (FAQ)
When was Opendoor founded?
Opendoor was founded in 2014.
Where is Opendoor's headquarters?
Opendoor's headquarters is located at 410 North Scottsdale Road, Tempe.
What is Opendoor's latest funding round?
Opendoor's latest funding round is Corporate Minority - P2P.
How much did Opendoor raise?
Opendoor raised a total of $3.48B.
Who are the investors of Opendoor?
Investors of Opendoor include PulteGroup, Lennar, Access Industries, Social Capital, Chamath Palihapitiya and 54 more.
Who are Opendoor's competitors?
Competitors of Opendoor include OJO Labs, HomeLight, Sundae, Rex, Knock and 11 more.
Compare Opendoor to Competitors
Knock provides an online real estate trading platform. The company offers an online site for homeowners looking to buy a new home before selling their current home or a first-time buyer. It was founded in 2015 and is based in New York, New York.
Orchard is simplifying the home buying and selling experience from search to close. Orchard has developed the "buy before you sell" model in real estate with its Move First offering: after enabling the customer to move into their new home, Orchard sells their old home for top dollar. Orchard's products and services have transformed the home buying and selling experience with AI-powered home search and a vertically-integrated platform with Orchard Home Loans, Orchard Title, and Orchard Insurance, offering an all-digital closing for customers.
Flyhomes offers an online brokerage platform. It helps users to search and compare homes, schedule home tours, buy, and more. Flyhomes was formerly known as Triveso. The company was founded in 2016 and is based in Seattle, Washington.
HomeLight develops a platform for homebuyers and sellers. It analyzes real estate transactions to compare real estate agents near users on the metrics that matter. It also offers free, objective, performance-based recommendations for real estate agents in neighborhoods. It was formerly known as AgentBrain. It was founded in 2012 and is based in San Francisco, California.
EasyKnock offers residential real estate technology solutions. It seeks to help homeowners achieve financial freedom through an equity release program. It was founded in 2016 and is based in Cleveland, Ohio.
Rex is a fully-licensed brokerage that has created a technology platform that replaces the conventional real estate model, effectively providing a digital alternative in the sale of a home.