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When it launched more than 5 years ago, Opendoor seemed like another rehash of HomeVestors of America - the Ug buys ugly houses company. With offers that were far off value, it was easy for Realtors to dismiss the company.
However, over 5 years, Opendoor has dramatically increased their data and made their offers very competitive. In some markets, Opendoor is offering at or above market value and charging fees as low as 3% total.
Does this mean doom and gloom? Not according to Tyler Hixson, Head of Growth and Strategy at Opendoor Brokerage. Tyler presents numerous ways that traditional brokerages can work directly with Opendoor to not only help their clients, but to get paid for doing it!