Opendoor requires Houston real estate retailers to assist list houses

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Since Opendoor came to Houston final summer season, it has purchased 450 houses directly from homesellers. Homeowners can visit its internet site, fill out a questionnaire approximately their home and receive a proposal online — if the house is inside an Opendoor marketplace, built in 1960 or later and valued among $100,000 and $500,000.
If your home does not fall inside Opendoor’s purchase standards, it will refer the seller to an agent who can help sell it the old school way.

On Tuesday, the real estate startup announced that it turned into seeking out real estate sellers interested in those referrals via its Agent Partner Program.
Real property agents which are part of this system will get hold of referrals and Opendoor will take a reduce of agent’s fee — on common, 1 percentage of the assets sale fee — whilst the transaction closes.

Homesellers can even have incentives to take part within the application. If they use an agent accomplice to sell their domestic, they will $1,500 from Opendoor within the shape of a credit score to be applied in the direction of closing fees.

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