SAN FRANCISCO--(BUSINESS WIRE)--Opendoor, the online marketplace for real estate transactions, has announced the launch of their new home shopping experience in Phoenix, Ariz. Opendoor is the first real estate technology company to provide home shoppers the ability to view homes on their schedule - 24/7 - and submit an offer all from their mobile device. Key features include:
- Move-in Ready - Renovated, move-in ready homes that are fully inspected and come with a warranty.
- 24/7 Open Houses - Home buyers can view a home at their convenience by unlocking the home with their mobile device.
- Buy Direct - A streamlined, simple transaction process with instant offers and online contracts.
- Early Access – Preview Opendoor homes before they are listed and personalize the home with features and upgrades before closing.
According to a recent survey by the National Association of Realtors, 92-percent of buyers use the Internet to search for a home and 50-percent use a mobile website or application. Opendoor is taking this trend to the next logical step by empowering home buyers to use their mobile device to access available homes and to complete their home purchase online.
“In an industry largely untouched by technology, our new buying experience fundamentally changes the way homes are purchased,” said Eric Wu, CEO of Opendoor. “This is an evolution of our mission to empower consumers and simplify the real estate transaction.”
One of the largest pain points for home buyers is the cost of deferred maintenance - items like the roof, appliances, and heating and air conditioning that were neglected by the previous owner. By thoroughly inspecting and certifying the homes before they become available, Opendoor helps ensure that a homebuyer’s largest investment is move-in ready and without defects.
Since the launch of its home selling service five months ago in Phoenix, Opendoor has seen rapid adoption from home sellers and is already delivering a great experience to home buyers. Now, consumers can purchase a turnkey home with a simplified closing process and without worrying about surprise repairs after they move in.
“With Opendoor, I felt like it was all about us, the buyers. Our new home is beautifully renovated and the closing process was a breeze,” said Linda Walden, one of Opendoor’s first home buyers.
Opendoor’s data model also takes much of the guesswork out of the traditional property assessment process. They ensure that the price of a home is fair, consistent and transparent by valuing the home based on location, characteristics and features.
“We’ve eliminated months of work and thousands of dollars of investment from one of life’s most important transactions,” said Keith Rabois, co-founder of Opendoor. “Technology will fundamentally transform how homes are bought and sold.”
About Opendoor
Opendoor, the online marketplace for homes, removes all of the headache, uncertainty and risk from buying and selling real estate. Headquartered in San Francisco, Calif., Opendoor has received a total of $32 million in funding from Khosla Ventures and GGV Capital. For more information, please visit www.opendoor.com or contact Erica Ford at erica@opendoor.com.