Opendoor Competitors: Is There A Better Alternative in 2025?

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

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

» Compare fair cash offers from iBuyers, investors, and more to the sale price you'd get with an agent. Sell in as little as 7 days for the highest possible price.

FAQ about Opendoor competitors