08/02/2022
“The FTC found that in fact, most people who sold their homes to Opendoor made less money than they would have selling to regular buyers via a real-estate agent….The agency also challenged the company's claim that it purchased homes at market prices, and said that the company's offers are, on average, below market value.”
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The FTC says that Opendoor told customers they would make more money by selling to it instead of to regular buyers. Actually, sellers made less money.