Hope this is allowed – wanted to share our OpenDoor experience as it seemed almost bait and switch. I am hoping this is atypical for them.
They gave us a preliminary offer of 522k along with ‘most offers increase after video walk through’. We completed video walk through, multiple upgrades/details were documented on walkthrough (nothing negative), then external inspection happened, no issues. Final offer provided by OpenDoor was 476k (including ~$32.5k in fees), so net proceeds $443k.
5/19 – Preliminary offer of 522k 5/29 – video walk through, house is in great condition, upgrades documented 6/2 – someone checks exterior or home, no issues found, great condition (home built in 2017) 6/3 – Final offer of $476k w/ no negative items
They need to tweak their algorithms.
Home was built in 2017 FYI, also this is in the greater Tampa Bay, FL area.