You can sell your $300,000 home in 3 days with this home buying platform

A real estate agent shakes hands with a family with a sold sign outside.

Image source: Getty Images

It is worth giving it a look.

Main points

  • Selling a home is a time-consuming process.
  • A new platform makes it easier to sell your home faster.

Even though it’s currently a seller’s market, the thought of finding a real estate agent, listing a home, and negotiating with buyers can be overwhelming. Additionally, even if you can find a buyer quickly, there is no guarantee that the sale in question will go through.

You may find a buyer who looks good on paper, but find out they can’t get a loan. Or, your buyer may make unreasonable demands following your home inspection, thus killing the deal in hand.

If you’re nervous about the idea of ​​selling your home and want to do it quickly, it may be worth checking out a new online platform. Although it’s a less common way to sell a home, the upside can be huge.

Should you sell your home online?

The idea of ​​selling a home online may seem strange to you. But people do it for a platform called Opendoor.

With Opendoor, simply enter some data to get the first offer on your home. From there, they’ll take a video walkthrough to find the official offer you can close. Opendoor says on its website that you can close on your home in just a few days. With a traditional home sale, you can easily wait weeks or even months to close on a home.

Plus, with Opendoor, you can save money when selling your home. This is because you don’t have to pay to prepare your home or pay for repairs that could turn off buyers. Your Opendoor offer will take into account the current condition of your home. And you don’t have to deal with the hassle of hosting open houses and getting buyers around your property.

Now to be clear, your Opendoor sale still comes with a fee. You pay 5% of the sale price of your home. But this is comparable to what a real estate agent might charge you. And because some agents charge higher fees, you can reap the savings.

Is there a downside to selling your home online?

These days, there can be downsides to going this route. There is currently a severe housing shortage in the real estate market, so sellers are typically selling to each other. they are. Available. If you sell through a platform like Opendoor, you may get a lower selling price because there is no competition.

Also, buyers often let their emotions dictate offers. If a buyer sees your home and likes it, or has reason to want to move to your neighborhood, they may offer a higher price for your home. A platform like Opendoor doesn’t offer the same opportunity to make connections and therefore may give you less money.

But if your goal is to sell your home as quickly as possible, using a platform like Opendoor may be the best choice for you. And what you lose in terms of sales value, you may gain in terms of not stressing the process as much.

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