Should I Use Opendoor
or a Real Estate Team?

Compare for Yourself

GET THE COMPARISON FACTS YOU'RE LOOKING FOR AND

HEAR FROM A REAL ATLANTA AREA HOME SELLER

 

“Here’s my Open Door story: At the end of April I got a job offer in the Charlotte area and needed to start there in the middle of May. I knew I needed to sell my house before I could buy one in Charlotte. And because Charlotte is a hot market, I also knew I couldn’t even begin looking before I sold. To keep from spending too much time and money in the dreaded extended stay, I wanted to sell fast.

I had heard about Open Door on the internet and friends so I decided to get a free estimate. I got an offer for $162,500 and they told me all I needed was for them to do a home inspection and if it passed and there were no major repairs needed, the price was guaranteed and they could close in a week.

I am not knowledgeable in the real estate market and I knew I had paid much less in 2007 so I had good equity. Also they sent me some comps that looked comparable. I researched the company and they looked legit. They did the inspection and only found a couple of minor repairs that I already knew about, so I thought it was a good deal.

However, I have a sister in St Louis who is a realtor for advice. She is not familiar with Open Door, but she adamantly insisted that I at least talk to a listing agent. And, as luck would have it, Russell called me to follow up on a form I filled out online. I told him what was going on and he asked to set up an appointment with me so he could tell me what he could do.

He gave a great presentation about all the ways he would market my house, showed me comps I had not seen that were higher than the ones Open Door gave me and how other houses in my neighborhood had sold quickly. I agree to let him list my house, letting him know my offer from Open Door was good for ninety days.

Cut to: my home was listed on Tuesday for $180,000. Before the day was out, several showings were scheduled and we had one offer. On Wednesday, we had another offer, $3000 over list and I signed the contract, closing is scheduled for July 9th. I was very happily surprised how fast that went

The people at Open Door were very friendly, but they are taking advantage of the average person’s lack of knowledge about real estate and markets. I really had no idea little old Acworth was so desirable. Though I had to hear a lot of I told you sos, I’m glad I took my sister’s advice and contacted someone who does know their stuff. Russell was very helpful and straight forward. I wasn’t sure he could deliver all he spoke about at our first meeting, but he sure did.

Thanks, Russell, for all your help so far. And thank Melissa too.”

– Dina H. in Acworth, GA
June, 2018

Compare the Opendoor LISTING PROCESS

OPENDOOR

THE JANICE OVERBECK TEAM

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    Estimated Time to Offer

    Opendoor can get you an offer on your home quickly, minus the inspection.

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    HIGHEST PRICE FOR YOUR HOME

    As described in the client testimonial above, using Opendoor was going to cost the seller a loss of just over $20,000 on her home.

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    TIME vs MONEY

    Opendoor advertises their program to save you the headache of selling your home. What they DON’T tell you is that you will receive thousands of dollars less for the sale price of your home, plus incur additional fees.

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    FEES, FEES, FEES

    Opendoor’s offer to you may be thousands less than fair market value and their service charge is in addition to closing costs and any repairs that may need to be done to your home before the sale is final.

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    "LATE CHECK OUT"

    If you need to stay in your home for any reason after closing, you will have to rent your home from Opendoor. They will only allow you to stay in the home for up to 14 days while incurring additional fees.

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    WE SELL HOMES FAST

    Our listings average 12 days on the market. Some sell within 24-48 hours.

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    A HIGHER NET PRICE, GUARANTEED

    The JO Team nets sellers an average of 98.6% market value for the sales price of the home. For a $250k home, the average sales price would be $246,500.

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    STRESS FREE - START TO FINISH

    We take great care of every detail to ensure that you will have the best experience with our team. We out for your best interest both financially and emotionally throughout the process of selling your home.

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    MORE MONEY IN YOUR POCKET

    Our team is trained to get you the highest price for your home in the shortest amount of time. You will save money on unnecessary fees and will receive the support of a dedicated team for the price of a single agent.

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    NO ADDITIONAL FEES. PERIOD.

    Our team will happily assist you with a double closing and/or a double occupancy agreement, which allow you to move at a time convenient for you and your situation. We do this at NO EXTRA CHARGE, saving you thousands!

$36,002*

(based on a $250k home)

  • Opendoor Service Charge: 6.7%-13%
    For a $250,000 house, this fee can range from $16,750 to $32,500
  • Additional Estimated Closing Costs: $3502

 

Breakdown of Additional Estimated Closing Costs:

– Attorney fee $335
– Title exam $150
– Title insurance $1,687
– Transfer tax $250
– Home inspection $425
– Home warranty $525
– Deed $130
Total: $3502

*Estimated fees range depending on the Opendoor Service Charge and do NOT include the cost for the lender fees and lender closing costs. These fees will vary depending on the lender you use.

$18,462*

(based on a $250k home)

  • 6% Standard Listing Commission on Your Old Home: $15,000
  • Estimated Closing Costs: $3462

Breakdown of Estimated Closing Costs:
– Attorney fee $795
– Title exam $150
– Title insurance $1,317
– Transfer tax $250
– Home inspection $425
– Home warranty $525

Total: $3462

*Estimated fees do NOT include the cost for the lender fees and lender closing costs. These fees will vary depending on the lender you use.

The Janice Overbeck Team
has sold over 900 homes to date.

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Average Days On The Market
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JANICE OVERBECK TEAM Days on Market
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Sales Price as a Percentage of List Price
0 .6%
JANICE OVERBECK TEAM Sales Price as a Percentage of List Price

The real estate industry is changing.
It is now faster and easier to sell your home with an agent than ever before.