Real Estate

Opendoor resumes iBuying in all of its markets

Back in operation in Orlando, Las Vegas, Austin and more

Opendoor has resumed operations in all 21 of its markets as of Tuesday. The iBuyer first paused its acquisitions in March as a result of COVID-19, and has since relaunched in Phoenix, Raleigh-Durham, Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson.

Now, the company has added back the rest of its operational markets, including Las Vegas, Orlando, Minneapolis-St. Paul, Houston, Sacramento, Denver, Portland, Austin, Los Angeles and Salt Lake City.

Home sellers can sell their homes directly to Opendoor via Sell Direct, a contact-free solution giving homeowners the certainty of a home sale without worrying about listings, open houses and repairs.

Home Reserve is another option, where Opendoor will purchase and reserve a customer’s next home on their behalf, all-cash – all while listing their current, empty home, allowing them to move into the new home.

Due to the pandemic, homebuyers can use Opendoor’s self-touring feature, unlocking the home at their convenience through the Opendoor app, or watch a virtual tour, complying with social distancing measures.

Opendoor has also released a survey detailing what has influenced homeowner and home-buyers’ decisions, and 53% of respondents said the COVID-19 pandemic has influenced their decision to move.

Opendoor said that 43% of homebuyers said they felt very comfortable touring an unoccupied home and 21% said they felt comfortable touring occupied homes.

Also as a result of COVID-19, the company laid off about a third of its staff in April as it struggled to deal with the economic impact.

Just last month, Opendoor partnered with realtor.com, giving home sellers side-by-side comparisons of listings, and the option to be connected with Opendoor, EasyKnock, HomeGo and WeBuyHouses.com based on availability. Through this solution, users enter basic information about their home to Seller’s Marketplace, then are presented with available options in their area.

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