Acquisition
As an XA, do we or do we not talk about walks?
We do not discuss walks.
This is the tab that you go to in property Admin when looking for active offers.
Resale Offers
What free perk waives appraisal + financing contingencies to put it more on par with a cash offer.
Opendoor Cash Offers (OBO)
On this tab, you can locate the lockbox code in Property Admin
Inventory Tab
What two states are attorney states?
New York and New Jersey
This is verbiage for what?
We are going to refer you to Opendoor Finance, a wholly-owned affiliate of our company, Opendoor Labs. You’re not required to use Opendoor Finance, we encourage you to shop around. If you do choose to use Opendoor Finance, Opendoor Labs may receive a financial benefit.
Verbal Opendoor Financing ADAB
These are the selling points for what?
Free Up Funds: Get a cash offer and unlock the funds you need to buy your next home.
Skip showings and repairs.
Move on your schedule.
Sell direct / acquisition
What is the program named that allows buyers to work with Opendoor partner agents to purchase both MLS listed and Opendoor owned homes.
Buy with Opendoor
This is the program within the Seller Dashboard that allows customers to take photos of their home verifying it's empty and ready to close.
Digital Check Out
A homeowner must hold the title of the property for X amount of days before they can resell it to a buyer with FHA financing.
90 days
These 3groups of customers will retain the existing 3 Days Free promotion on LCO
HB / Partnership / Opendoor Complete
The following requirements are needed for what program?
Buyers must have a pre-approval with a valid date
Conventional and VA Loans only, FHA loans are not eligible for the program
Earnest money is a minimum 1% of the purchase price (due within 3 days of contract execution date)
OBO
What is the URL that agents use to request an offer on a home?
We use this JIRA ticket to report a change to our MLS listings or when the Seller’s Disclosure document needs updating
Home Services Requests
These are the qualifications for what program?
Must have accurate name (first and last) and email address in our system
Must have a valid real estate license and part of a licensed brokerage in good standing
Agent needs to represent the seller in the transaction with Opendoor
The seller or another agent hasn't requested or received an offer from Opendoor in the last 30 days
Agent Access Program
The CEP will serve as a project manager, and be introduced to the buyer when?
As soon as the offer is accepted on their dream home.
These are fees for what?
Buyer’s agent commission
Holding costs
Listing costs
Convenience charge
Sell Direct 5% Service Charge
What is an Exclusive Listing
is a marketplace that takes Opendoor owned homes and allows buyers to go under contract instantly at a no-haggle price through an e-commerce checkout experience
What are the three C's hat Opendoor offers sellers?
Convenience, certainty, control
If an offer is in Escrow, we can or cannot switch buying agents.
You CANNOT switch buying agents