Opendoor Stole From Homeowners

Have you heard about the latest heist? A major theft was recently unveiled. It involved the iBuyer, Opendoor. They were fined over $60 million by the Federal Trade Commission for theft and for misleading many homeowners. They’ve also recently announced a new partnership with Zillow.

Zillow abruptly ended its offers program because they were losing tons of money buying houses directly from sellers. Opendoor did this same thing except they were cheaters. When the real estate market was having some of the best times in the history of the United States, both Zillow and Opendoor were buying houses and losing a lot of money. Opendoor lost $253 million in 2020 but was dismissed because of COVID-19. In 2021, they lost over $650 million while stealing from sellers the whole time.

"Beware of today's real estate thieves."

What does this mean for you? If you're thinking about jumping into the real estate market as a seller soon and you're considering getting a direct offer from Opendoor, you might want to pause. While this still can be a good path, I think you should have an expert on your team because they've shown their shady intentions.I want to help guide you through the direct offer process and help you evaluate Opendoor versus other direct offerers as well as more traditional ways to sell your home. You have options today as a seller.

If you have any questions, don't hesitate to reach out to me by phone or email. I look forward to helping you achieve your real estate goals.