Opendoor and Perch are both widely used technologies in real estate. Here’s what you need to know about them.
I’m a big fan of technology. Today, there are two on the market that everybody is talking about (but have actually existed for a while now): Opendoor and Perch.
Both of these companies attempt to attract sellers with low-cost, convenient methods of selling their homes.
However, you really need to watch out for them both.
Even though they advertise themselves as low-cost, they still have a lot of fees that many don’t think about before listing with them. These fees can be anywhere from 6% and 12%!
To make it easy for you to sell your house, they offer you a quote you can purchase with which you can then sell your house. What’s really happening, though, is that you’re selling your home under market value, but you’re still getting stuck with a lot of fees.
On top of that, there’s also an inspection that’s often done after the fact, for which they charge you still more fees or they make you do more of the work.
If you do want to ‘fire sell’ your house this way, you absolutely can. You could also come see me; I or one of our other investors will buy your house, as well, and probably for more money.
Opendoor, Perch, and other companies like HomeVestors will all offer to ‘buy your ugly houses’ using similar methods, but they all have different spins on their tactics. Just be careful about which company you’re working with in order to sell your home.
If you have questions about these types of companies or if you’d like a proper evaluation of your home and its value, please reach out to me. I’d love to speak with you and move forward from there.