Frequently Asked Questions

FAQ

What is the market share of Opendoor?

Opendoor is the largest iBuyer with a 67% market share of the U.S. iBuyer segment. Opendoor has 2,570 employees. 35% of homeowners who request a price quote on the Opendoor digital platform sell their homes to Opendoor.

How much revenue does Opendoor have?

Opendoor Technologies Inc. (OPEN) Opendoor had revenue of $11.31B in the twelve months ending June 30, 2023, down -26.71% year-over-year. Revenue in the quarter ending June 30, 2023 was $1.98B, a -52.93% decrease year-over-year. In the year 2022, Opendoor had annual revenue of $15.57B with 94.08% growth.

Is Opendoor a profitable company?

The numbers reflect a market that looks very different today — rates are higher, inventory is sparse, etc. — compared to the earlier months of 2022. But despite the harsher landscape, Opendoor also managed to turn a net profit of $23 million in the second quarter of 2023.

How long does it take to close with Opendoor?

The full closing process, from the initial offer acceptance to the closing date, takes an average of 50 days, according to Realtor.com. If you sell to Opendoor, you can close on your timeline, whether it's 14 days or 60 days. In a traditional sale, the buyer's lender will be originating and underwriting the loan.

What is the difference between Opendoor and Zillow?

While Opendoor's median buy-to-list premium is higher than Zillow's, the magic is in the distribution curve. Opendoor has a wide distribution of premiums that skews higher, leading to higher gross profits. The finesse of Opendoor's pricing curve has been refined and improved over the past month.

What month should I buy plants?

Horticulturists recommend that those who are new to plant care make their indoor plant purchases in the spring and summer when most plants thrive more easily. However, the end of the growing season—usually in September—can be a good time to find discounted house plants at many retail stores.

What is the best day to buy plants?

Tip #1: Shop during the week. If you really want to spend time shopping, Saturday and Sunday are not the best days. Thursday is usually a good day. Trucks deliver inventory throughout the week, and shopping before the weekend rush will help you get the best selection.

What does Home Depot do with leftover plants?

Most plants at Home Depot are the property of the plant company. The plant company employees come to the store, deliver plants and set up displays. They also remove old or dying plants. Small shrubs and flats of annual plants are destroyed.

What is the best day to buy clearance plants at Lowes?

Best time to find deals on plants Although there are sales happening year-round, the store often marks down plants on Mondays during spring and summer to make room for fresh inventory.

How can I save money on my plants?

10 ways to save money on your gardening budget

1. Use seeds instead of starts.
2. Buy smaller plants.
3. Make your own compost.
4. Shop sales: Search out group plant sales, usually abundant in spring.
5. Save seeds.
6. Hold a plant and seed swap.
7. Make use of recycled materials.
8. Build your plant collection with cuttings.

When home deport has garden on sale

Which penalty is not an administrative penalty that may be imposed by the FREC?	Which penalty is NOT an administrative penalty that may be imposed by the FREC? The answer is restitution to the injured party. The FREC does not have the authority to order restitution to an injured party. If the acts of a licensee harm a consumer, the injured party may seek damages in a court of law.
Which of the following is FREC not required to do?	The FREC has the obligation to perform all EXCEPT: Issue a florida sales associate's real estate license.
Which powers not given to the Florida real estate commission?	Which power is NOT given to the Florida Real Estate Commission? The answer is imposing jail sentences. Jail time must be imposed by a criminal court. The FREC is empowered to make determinations of license law violations and impose administrative penalties.
Which offense does not have to be self reported to the FREC?	Which offense does NOT have to be self-reported to the FREC? The answer is small claims court case over commission dispute.
What is the disciplinary authority of the Florida real estate Commission Frec )?	Disciplinary Hearings and Actions FREC is directly responsible for addressing complaints against licensed brokers, salespeople, real estate firms, and real estate educators. FREC reviews complaints filed, gives the accused party a chance to defend themselves, and determines if disciplinary action is warranted.
Does Opendoor do a final walk through?	One of the advantages of selling to Opendoor is you don't have to worry about a buyer qualifying for financing; you get the certainty of a competitive, all-cash offer. The final walk-through typically occurs 24 hours before closing.
Does Opendoor negotiate price?	🔑 Key takeaways: Opendoor rarely negotiates with customers. If you're buying a home from Opendoor, the company is unlikely to lower its price by much, although an agent can help you negotiate other aspects of the deal. If you're selling to Opendoor, the company is unlikely to increase its offer.
How does opendoor real estate work	Oct 15, 2022 — ... home than you would if you chose to work with an experienced Real Estate Agent. When it comes to a sale, as important as selling a home, it
How does the FREC determine a penalty for a violation quizlet?	The FREC (with the members who served on the probable-cause panel excused) issues the final order in each disciplinary case. The final order is FREC's final decision as to innocence or guilt and the determination of the appropriate penalty. The FREC issues a final order at the conclusion of an informal hearing.
Can you negotiate selling price with Opendoor?	Yes. We'll work with you to find a price that's fair for both parties. Once you've made an offer, we typically respond within 48 hours.

• Can you offer less than asking price on Opendoor?
  • Yes, but you may want to be careful about making an offer that's too low. As a general rule, it's typically a good idea to keep your offer within 10% of the asking price. You can work directly with your Opendoor Buying Agent to come up with your offer price.
• Why do people use Opendoor?
  • We've streamlined the repair process so it's simpler, more transparent, and gives you control. You can avoid making repairs before listing, as well as negotiating back and forth with a buyer during closing—repairs are one of the primary reasons deals fall through.
• Do you lose money selling to Opendoor?
  • ✍ Editor's note: You might not make as much money selling your house through Opendoor as you would selling on the open market, even though the total costs with Opendoor (approximately 10%) are lower than with a traditional sale (approximately 11.2%).
• Why do realtors not like Opendoor?
  • Opendoor can sometimes price homes below market, which some sellers may not realize if they are unfamiliar with the housing market. They may also not know how to negotiate repair costs and spend far more than they would if they had listed their home with a traditional Real Estate Agent.
• Who prepares and submits a recommended order of findings and conclusions in a complaint case?
  • § 101.11 Administrative law judge's decision. (a) At the conclusion of the hearing the administrative law judge prepares a decision stating findings of fact and conclusions, as well as the reasons for the determinations on all material issues, and making recommendations as to action which should be taken in the case.
• What is a recommended order?
  • Definition: a determination by an administrative law judge that includes findings and conclusions, as well as the recommended penalty, if any, required by law or agency rule.
• What is the purpose of the FREC?
  • The Florida Real Estate Commission (FREC) aims to protect the public by educating and regulating real estate licensees. The commission has seven members who the governor chooses and the Senate confirms.
• What is a recommended order in Florida?
  • (15) “Recommended order” means the official recommendation of an administrative law judge assigned by the division or of any other duly authorized presiding officer, other than an agency head or member of an agency head, for the final disposition of a proceeding under ss. 120.569 and 120.57.
• What is the next step after a legally sufficient complaint has been filed and the DBPR has investigated it?
  • If the DBPR decides to open an investigation (vague claims of unprofessionalism or rudeness will not generate an investigation) it will submit a report to a Probable Cause Panel, consisting of two appointed members of the FREC. The panel has 30 days in which to decide whether or not probable cause exists.