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 and RedfinNow have shut down.
In exchange for a convenient, all-cash sale — no showings, home prep, or repairs required — Opendoor charges a 5% service fee, plus closing costs and variable repair deductions. As a result, your final offer from Opendoor may be significantly lower than your home’s fair market value.
If you’re considering selling to an iBuyer like Opendoor, you have legitimate alternatives. Options include other iBuyers as well as buy-before-you-sell services and offers marketplaces like Clever Offers.
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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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 relatively high 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-contigent 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.
Other companies like Opendoor



What is Opendoor?
Opendoor is an iBuyer, a company that uses data to make automated cash offers on homes. In exchange for a service fee, Opendoor allows home sellers to avoid many of the hassles of selling a home — including repairs, showings, and negotiations.
If you’re considering selling to Opendoor, 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.
- Their purchase criteria is also usually stricter — homes in need of major repairs or updating may not qualify.
- Opendoor's 5% service fee is on par with what other iBuyers charge.
- Opendoor also requests a repair concession, which varies based on the results of its home inspection.
- Opendoor has mostly positive online reviews, with an average 4.2/5 rating across 4,373 reviews.
If your home meets Opendoor'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 services fees of about 5% — comparable to a traditional real estate agent commission.
Pros and cons of selling to a company like Opendoor
Pros
✅ Convenience. While most buyers want a move-in ready home, companies like Opendoor allow you to sell your house as is without worrying about cleaning, touchups, or repairs.
✅ Speed. iBuyers like Opendoor can usually make same-day offers. And because they pay in cash, they can close faster than traditional buyers who need approval from a lender. Some companies can close in as few as 8 days.
✅ Flexibility. Sometimes you need a little extra time to move. Many cash buyers give you the flexibility to choose your own closing date and offer a grace period if you need more time. Many also offer perks like moving help or the ability to leave unwanted things behind.
✅ Certainty. Selling to a cash buyer usually means less likelihood of delays or canceled contracts due to contingencies (inspection, appraisal, prior home sale, etc.) or financing issues.
Cons
❌ Lower sale price. Buying properties fast for cash carries a lot of risk, so iBuyers like Opendoor typically pay less than full market value — although it'll probably be more what investors might pay for your house. The tradeoff can be worth it if you value speed and simplicity over maximum profit.
❌ Less room for negotiation. While faster and more convenient than selling your house the traditional way, there's inherently less competition when selling directly to a cash buyer. And unless you put in the work to get competing offers, selling for cash leaves little room for negotiation. Therefore, it may take some time to find a decent offer.
❌ Your home may not qualify. iBuyers are only available in select U.S. cities and are somewhat picky about the types of homes they’ll buy. If your home is older, needs a lot of work, or has unusual features (larger-than-average lot size, higher end finishes than comparable homes in the area, etc.), it may be hard for an iBuyer to value and they may pass on it.
❌ High service and repair fees. iBuyers like Opendoor and Offerpad charge service fees of about 5%, plus deductions for repairs — which some customers complain are unreasonable. While more traditional investors don't charge repair fees, they do factor them into the offer price.
How much do companies like Opendoor pay?
Our team recently analyzed more than 200 homes purchased by Opendoor over the past two years and found that the company paid an average of $23,000 less than it eventually resold them for — costing sellers about 6% in potential profits on a home purchased for $538,832. Sellers also paid Opendoor's service fee of 5% and undisclosed repairs deductions not reflected in the purchase price.
Average purchase price-to-resale price for recent Opendoor listings
Avg. Opendoor purchase price | $538,832 |
Avg. list price | $592,401 |
Avg. resale price | $561,729 |
Avg. price difference | $22,895 (5.64%) |
Source: Internal analysis of 200 homes bought and sold by Opendoor between December 2022 and September 2024. Data sourced from Bright MLS and public property records. |
While our data on Offerpad is pending, Offerpad reviews suggest that customers have similar experiences receiving below-market offers with high repair deductions tacked on after a home inspection.
For a home in poor condition that may not fit an iBuyer's purchase criteria, you can generally expect to receive about 70–80% of your home's after repair value (ARV) from an investor.
Buy-before-you-sell services can net you full market value for your home, but you'll usually pay an extra 2%+ in service fees on top of realtor commissions and standard closing costs.
Is there a better alternative to Opendoor?
Opendoor vs. Offerpad
Opendoor's best-known iBuyer competitor is Offerpad, which offers home sellers the option to accept a direct cash offer or list the traditional way using its offer as a backup. While Offerpad provides unique perks like free local moves and a more flexible closing window of 8–90 days, it has a much smaller footprint — purchasing fewer than 3,000 homes over the last year, compared to Opendoor's 15,000+.[1][2]
When comparing Offerpad vs. Opendoor, there are a few key differences to note:
Opendoor has a slightly higher customer rating, with an average 4.2/5 rating across 4,373 reviews. Offerpad has an average 3.9/5 from 2,679 online customer reviews.
Compared to Opendoor, Offerpad purchases far fewer homes directly — it instead encourages sellers to list the traditional way with an Offerpad agent, using their cash offer as a backup.
However, the company offers a slightly more flexible closing window of 8–90 days, plus a 3-day grace period if you need a little extra time to move. It also covers the costs of local moves for its customers.
Both iBuyers pay closer to fair market value than typical 'we buy houses' companies, 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.
Opendoor vs. Orchard
Rather than purchasing your home directly like Opendoor, Orchard provides a short-term home equity loan to help you buy your next house before you sell your current one.
After you move, you'll list your old home with an Orchard agent and pay back the equity advance once it sells. That way, you can avoid paying two mortgages at once and skip the stress of trying to line up the closing dates.
While companies like Orchard typically offer loans interest-free, they also charge program fees of about 2–3.5% on top of the usual realtor commissions and closing costs. Orchard also requires you to use their in-house agents to handle your home sale, while competitors like Homeward and Knock allow you to hire your own.
With Opendoor, you avoid agents altogether, but you also miss out on the upside of listing your home on the open market.
Opendoor vs. 'we buy houses' companies
If your home doesn’t qualify for Opendoor's offer 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 like We Buy Houses and HomeVestors give fast cash offers on less-than-perfect homes — including homes with structural problems, liens, or difficult tenants.
Like iBuyers, cash home-buying companies can usually make offers within 24–48 hours and close in as little as 1–3 weeks. You can avoid repairs and showings and won’t pay service fees, agent commissions, or closing costs either.
On the downside, cash buyers typically pay only about 70–80% of the home’s after-repair value (what they estimate it will be worth after fixing it up). However, some investors pay more under certain conditions, so you'll want to compare multiple offers before signing anything.
Opendoor vs. Clever Offers
While Opendoor gives you a take-it-or-leave-it cash offer, Clever Offers lets you compare multiple cash offers from local 'we buy houses' companies, iBuyers, buy-before-you-sell services, and more. Getting multiple offers increases competition for your home and gives you a better chance at making the most on your sale.
Clever can also pair you with a top local listing agent to explore a 7-day MLS listing targeting cash offers. The increased exposure from the MLS could result in a much higher payout than selling to an investor or iBuyer, without the long-term commitment usually required by a listing agent. However, getting matched with an agent isn't necessary, if you'd prefer to pursue direct cash offers.
Other benefits of using an offers marketplace like Clever include:
- Zero service fees
- A variety of cash offer types to explore
- Professional buyers who have already been vetted
- A dedicated point of contact to make sure everything goes smoothly
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, with the Better Business Bureau rating it a C–.
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. They also both charge a 5% service fee. However, Opendoor generally charges less for repairs and is available in more markets, while 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.