Opendoor is the nation's largest iBuyer. It operates in major cities across the U.S. and buys more homes than any other iBuyer by a wide margin — especially now that top competitors like Zillow Offers[1] and RedfinNow[2] have shut down.
The company has a 5% service fee, is more widely available than other iBuyers, and has a solid average customer rating of 4.26 out of 5 stars.
However, Opendoor isn't your only option for a convenient cash sale. Alternatives range from competing iBuyers to hybrid solutions offering a portion of your home value upfront, plus the option to list for additional upside.
To save time, you can request offers through a marketplace like Clever Offers, which lets you quickly compare offers from a nationwide network of buyers and other sell-fast options. Submit a quick form to see what offers you qualify for, and be on your way in as little as 7 days.
Top Opendoor competitors
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Clever Offers helps you find and compare offers from leading cash buyers in your area — all with a proven track record of ethical dealings with home sellers.
Because Clever's network includes local/national investors, iBuyers, and agents with experience listing homes as is, you get a range of offers to choose from — including alternative deal types that deliver a higher payout over time.
The 5-star rated company gets top marks for helping you make an informed decision without pressuring you to move forward. See our full Clever Offers review.
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Opendoor is for home sellers who want to skip the hassles of a traditional home sale — without sacrificing too much on price.
You can get an initial offer within 24–48 hours, choose your closing date, and skip repairs and showings. The company also pays much closer to market value than traditional house flippers.
Opendoor does charge a 5% service fee, and some customers complain that final offers are lower than initial estimates. See our full Opendoor review.
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As an iBuyer, Offerpad stands out for its perks, including free local moves and a 3-day grace period to wrap up your move after closing.
You can choose between listing with an agent and getting a cash advance for home prep/repairs or taking a competitive cash offer with flexible closing dates, ranging from 8–90 days.
If you accept a cash offer, be prepared for an 8% service fee, plus variable repair costs — which customers report can substantially reduce your final offer. See our full Offerpad review.
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Knock's Bridge Loan lets you borrow against the equity in your current house to buy a new home before you sell.
The loan covers your down payment, moving expenses, home prep costs (like minor repairs and staging), and ongoing mortgage payments while your house is being listed. You can also borrow up to $35,000 for home improvements before listing.
If your current home doesn’t sell within six months, you have a guaranteed cash offer to fall back on, worth about ~80% of your home's market value. See our full Knock review
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Homeward is a solid choice if you want the benefits of a fast cash offer without sacrificing your home equity — or need to unlock the equity in your current house to buy a new one.
While most cash buyers aim to buy low in order to sell high, Homeward gives you up to 89% of your home value upfront and lets you keep the additional upside on your property by listing it on the market after you accept its cash offer.
In exchange for this convenience, Homeward charges service fees of up to 7% and deducts the costs of both its original offer and any expenses associated with maintaining your home while it's being sold.
The company maintains an above-average customer rating. However, its complicated service and fee structure have led to some customer complaints. See our full Homeward review.
Did you use Homeward? Leave a review for the chance to win a $250 Amazon gift card.
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Orchard is a solid option if you want to try selling on the open market, but you like the certainty of having a backup cash offer.
Its trade-in service lets you borrow the equity in your current home to make a non-contingent offer on a new one, meaning you don't have to wait for your house to sell to free up funds for a down payment and closing costs.
The downside? Orchard's fees start at 8% of the sale price. And if your house doesn’t sell on the open market, Orchard’s backup offer will be less than your house is worth. See our full Orchard review.
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If you're unsure where to start, HomeLight Simple Sale helps you explore two options: Selling directly to a cash buyer or listing with an agent.
The company can get you multiple cash offers to choose from and help you close in as little as 10–30 days. However, reviews indicate that many sellers end up listing with a partner agent after finding that no investors are available in their area.
HomeLight agents have great reviews, but if you need to sell quickly — or want to avoid fielding calls from agents trying to earn your business — other alternatives may be a better fit. See our full HomeLight Simple Sale review.
How much do companies like Opendoor pay?
At their peak in the early 2020s, iBuyers earned a reputation for paying full market value for homes. For example, real estate analyst Mike DelPrete found that Opendoor paid sellers a median purchase price of 107.7% of market value in 2021.[3]
However, more recent data tells a different story.
Our data team analyzed over 530 properties bought and sold by the nation's two largest iBuyers, Offerpad and Opendoor, between May 2023 and June 2025. Based on our findings, iBuyers currently pay 8-14% less than a property's eventual resale price — a gauge of its market value.
Average purchase price vs. resale price for recent iBuyer listings
| Opendoor | Offerpad | |
|---|---|---|
| Avg. purchase price | $338,560 | $293,436 |
| Avg. resale price | $366,844 | $324,925 |
| Amount paid below market value | -$26,376 (-8.79%) | -$29,346 (-13.89%) |
More specifically, we found that:
- Opendoor paid an average of 8.79% less for homes than it eventually resold them for — representing $26,376 in lost profit potential on a home purchased for an average of $338,560.
- Offerpad paid an average of 13.89% less than it eventually resold them for — representing $29,346 in lost profit potential on a home purchased for an average of $293,436.
It's worth noting that these 8-14% losses don't include service fees (typically 5–8%) or repair deductions tacked on after the home inspection.
Other things to know about companies like Opendoor
If you’re considering selling to Opendoor or one of its competitors, here are a few key points to consider:
- iBuyers like Opendoor generally pay a reasonable price for homes, especially compared to fix-and-flip investors, While iBuyers tend to pay about 8—14% less than market value, their offers are still considerably higher than the typical payout from an investor — who might only offer about 70% of your home's after-repair value.
- Their purchase criteria is also usually stricter — homes in rural areas or in need of major repairs or updating may not qualify.
- iBuyers charge service fees of 5–8%, compared to the 2.5–3% you'd typically pay a listing agent.
- iBuyers also request repair concessions, which vary based on the results of its home inspection and is automatically deducted from your proceeds.
- If your home meets an iBuyer's initial purchase criteria, you'll get an offer within 24–48 hours. You'll get a final, adjusted offer after the company conducts its home inspection. If you accept the offer, you can schedule your closing date within a window of a few weeks to a couple of months, depending on your needs.
📈 If you need to net a certain amount from your home sale but want to avoid the hassle of selling on the open market, consider a buy-before-you-sell service like Knock or Orchard.
⚡️ If speed is your number one priority and you don’t qualify for an iBuyer purchase, consider a "we buy houses for cash" company. You’ll take a sizable hit on price but can typically close in one to two weeks.
| ⚡️ Clever Offers is a faster, more reliable way to compare your options and find the best solution. Through our nationwide network, we can connect you with multiple local and national buyers in your area, allowing you to compare offers and maximize your cash sale proceeds. You can also explore hybrid solutions providing cash upfront to fund your move, plus the option to list for full market value and receive a second payout — without having to handle the prep work or showings. Submit a quick form to see what offers you qualify for, and sell as is the moment you're ready. |
Opendoor alternatives: Which option is right for you?
Sell to another iBuyer
For sellers with eligible homes, iBuyers like Opendoor and Offerpad can be a simple, no-hassle alternative to a traditional home sale. However, selling on the open market will usually net you a lot more money from your sale.
If your home meets an iBuyer’s purchase criteria, you'll get an offer within 24–48 hours. Once you accept the offer, you can schedule your closing date within a window of a few weeks to a couple of months, depending on your needs.
Before you close, the company will order a home inspection, often reducing their initial offer price by several thousand dollars based on their repair assessment. iBuyers also charge fees comparable to a traditional real estate agent commission. For example, Opendoor's fees are 5% of the sales price, while Offerpad's fees are 8%.
iBuyers pay closer to fair market value than 'we buy houses' companies or private investors, but they also remove the competitive element of selling on the open market — which can result in multiple offers that bid your asking price much higher. For some people, the certainty and convenience that iBuyers provide is worth leaving some money on the table.
» MORE: See how the leading iBuyer companies compare
Use a buy-before-you-sell service
Buy-before-you-sell services like Orchard and Knock front you the cash to buy your next home before you sell your current one. That way, you can avoid paying two mortgages at once and skip the stress of trying to line up the closing dates.
The downside of using a buy-before-you-sell option is that they charge service fees (usually ~2–3% on top of realtor commissions and closing costs) that could make your buying/selling experience a lot more expensive. However, the cost may be worth it for people who have found their dream home but aren’t able to make an offer until their own home sells.
» MORE: Find out more about buy-before-you-sell services like Orchard and Knock
Get offers from 'we buy houses' companies
If your home doesn’t qualify for an iBuyer or trade-in service because of age, serious structural issues, or financial issues, selling to a 'we buy houses' company or local investor could be the right alternative.
Companies that buy houses for cash give fast cash offers on less-than-perfect homes — including homes with structural problems, liens, or difficult tenants.
Like iBuyers, cash home-buying companies let you avoid repairs and showings. You won’t pay service fees, agent commissions, or closing costs either. They can usually make offers within 24–48 hours and close in as little as 1–3 weeks.
On the downside, cash buyers typically pay only about 70% of the home’s potential value (after factoring in repairs). However, some investors pay more under certain conditions, so you'll want to compare multiple offers before signing anything.
If your home has selling potential, it might also be worth talking to a local real estate agent about selling your house as-is before going to a cash buyer.
List with an agent
Even if you intend to sell your home as is, hiring a realtor to list your home on the MLS — the main database for home listings and residential property information — gives you the best chance to earn the maximum amount for your home.
However, selling your home with an agent usually takes longer than selling to an iBuyer and costs more in realtor fees and closing costs than selling to an investor. You may also need to put in some work to prep your home for photos and showings. And there's no guarantee your home will sell for more.
Still, working with a real estate agent gives you access to their knowledge of the local market and a world of local market data available through the agent-only MLS — including what other homes like yours are selling for, and how quickly.
If you're interested in going this route, we recommend working with a brokerage offering competitive commission rates.
FAQ about Opendoor competitors
Does Zillow still buy homes?
On November 2, 2021, Zillow announced that it would permanently shut down its iBuying service, Zillow Offers. From July 2021 through September 2021, Zillow Offers lost more than $420 million, which is approximately how much the company earned overall in the 12 months before July.
On an earnings call with investors, Zillow admitted that its home-buying model was flawed and that it bought too many homes at too high a price. Today, Zillow partners with Opendoor in several markets so home sellers can see Opendoor's estimated cash offer alongside Zillow's Zestimate.
What happened to RedfinNow?
Redfin shut down its iBuying program, RedfinNow, in November, 2022. At its height, RedfinNow operated in 31 markets across the US. If a home met RedfinNow’s purchase criteria, the seller could receive an offer within a few days without hiring an agent or showing their home.
However, the company's 5–13% service fees were higher than fees of better-known competitors like Offerpad and Opendoor. The service also had poor reviews from customers on sites like Trustpilot.
Is Opendoor too good to be true?
Opendoor streamlines the traditional home-selling experience, eliminating the need for home showings, negotiations with buyers, and the uncertainty of whether your home will sell. It does this for a 5% fee (on top of closing costs and repair credits), which some sellers think is worth it. However, you’ll almost always make more money by selling your home with a realtor on the open market. Find out more about how Opendoor works.
Does Opendoor pay a fair price?
Opendoor pays less than what you'd get on the open market with a real estate agent. The company used to make competitive offers on homes, but our analysis of Opendoor listings shows that its offers have continually declined since 2022. Plus, Opendoor often significantly lowers its initial cash offer after it inspects a home and determines repair costs. See if Opendoor's offer is worth it.
Which is better, Opendoor vs. Offerpad?
Opendoor and Offerpad offer similar iBuying services. Both companies give sellers a fast cash offer on their home and the ability to close on a flexible timeline. However, Opendoor has lower service fee of 5% (compared to Offerpad's 8%), generally charges less for repairs, and is available in more markets. Offerpad provides perks like free local moves and a three-day grace period if you need to stay in your house after closing. See how Opendoor and Offerpad compare.
