Opendoor

Much like the way car buyers can trade in a vehicle at a car dealership when it’s time for an upgrade, Opendoor smooths the home selling process for consumers shopping for a new home. Currently operating in 14 U.S. cities, Opendoor purchases existing homes with an immediate offer so buyers can close on their new home more quickly. The company offers flexible timelines: Customers can close as quickly as 10 days or as long as 9 months, making it just as easy for buyers to transact on a spec home as it is for one under construction.

The home trade-in program began as a pilot program with Lennar’s Las Vegas division and grew to include partnerships with 19 of the industry’s top 25 builders, including 6 of the top 10, who have used the program to complete transactions with buyers. The program is available with no cost to the builder.

Much like the way car buyers can trade in a vehicle at a car dealership when it’s time for an upgrade, Opendoor smooths the home selling process for consumers shopping for a new home. Currently operating in 14 U.S. cities, Opendoor purchases existing homes with an immediate offer so buyers can close on their new home more quickly. The company offers flexible timelines: Customers can close as quickly as 10 days or as long as 9 months, making it just as easy for buyers to transact on a spec home as it is for one under construction.

The home trade-in program began as a pilot program with Lennar’s Las Vegas division and grew to include partnerships with 19 of the industry’s top 25 builders, including 6 of the top 10, who have used the program to complete transactions with buyers. The program is available with no cost to the builder.