Negotiating repairs can be a headache, and the costs are difficult to predict upfront because every buyer is different. When you sell to Opendoor, you don’t need to list your home to get an offer, so you don’t need to invest in repairs or get your home “show ready”. Instead, you simply request an offer and then complete a video walkthrough – either over a video call with an Opendoor representative or through our self-guided process. The purpose of the walkthrough is to verify the condition of your home and identify if any repairs are needed. If our assessment turns up any needed repairs, we’ll ask for a credit and deduct the costs from your net proceeds. This way, you avoid any out-of-pocket repair expenses that you might encounter in a traditional sale.įinally, we’ll do the repair work after you move out, so you can move on your timeline. If you disagree with our repair ask, you can cancel anytime before closing without a penalty. Closing costsĬlosing is the final step of selling a home when money and documents change hands in order to transfer ownership of the property to the buyer. Closing costs cover items like title insurance, escrow fees, and HOA transfer fees.
They typically range from 1% to 4% of the purchase price based on the different fees and legal requirements for each state and municipality.Ĭlosing costs are part of every home sale, including selling to Opendoor.
You’ll see your estimated closing costs when you receive your offer. Read more: How much are closing costs for the seller? Home prep and staging In a traditional sale, you’ll typically need to make your home “show ready” to attract buyers. Paying to stage your home isn’t required, but it’s often recommended.
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