Opendoor has so many ridiculously over-priced homes in the market and when I received an email from them this morning, I could not resist responding.
The email I received stated, in part, the following:
“The price you see is the price you pay. You don’t need to guess how much to bid, or to figure out how to pay all cash. Just call us to set up your contract and make the house yours.”
I emailed some unsolicited advice:
Regarding your email – Nice try! The current market is vastly different from earlier in the year. In the Austin Metro market, the average sale in the last 30 days closed at 95% of the original list price while Opendoor properties closed at an average of 81% of the original list price and a median of 77% of the original list price.
Also, the average days on market for your current active listings the Austin metro area is 98 days which is three times as long as the overall market. We had 30% fewer sales and about four times the inventory for September.
In other words, if you want to sell your inventory, you need to negotiate. This advice is coming from someone that has personally negotiated and sold over 4,000 properties over the last 20+ years.
Thank you for your advice. We offer amazing benefits with our Off-Market Exclusive Listings that buyers love. Since they are first come, first serve, the prices are simple and fixed. Have a wonderful day!
I don’t have a question for the community. I just thought I’d share.