Opendoor reddit stock Sure you can dilute shares all day if you are private. The average target predicts an increase of 54. Get the Reddit app Scan this QR code to download the app now. As you know, the market is insane, so I was going to list at $424,900, just based on similar listings. 2%. The stock traded on the NASDAQ has fallen from an “Open” high of $34. Reply reply Apprehensive-Sun1215 Business, Economics, and Finance. or product availability/in stock timelines. Had the video tour and it knocked the price down to $280,000. Right off the back the first section of this Addendum reads " waiver of contigencies: buyer and Opendoor waive all financing, appraisal, and home sale contingencies set We are getting ready to list on the open market. 2608, representing a +46. I have three dogs so showing my home was undesirable. They did ask for a little bit off the sales price for repairs based on an exterior inspection. With how crazy is the market is right now (not sure how crazy your market is), you will most likely get multiple offers with contingencies waived and the price escalating over list price. They make an offer sight unseen at a valuation calculated via recent purchases of similar homes in the area (usually a low-ball), then have the home inspected, repaired, and put back on the market. Ticker - OPEN. 10/10 would buy my house again. Ark is buying the stock on the down slide. I notice that the stock literally swings more than any of the other stocks on my Watchlist. He bought puts in Opendoor stock. Opendoor is playing in a 1. The ceo brags on his paid mentorship how he spends like 1 hour a week focusing on open door capital . The company announced a deal to go public in June by merging with a [reverse merger company] and buzz began to grow online, with some thinking it could be Posted by u/Primary_Syrup_6412 - 10 votes and no comments Don’t do open door unless you desperately need cash. m. My friend in Portland sold to open door for a good price. However later that night he alerts me to additional paper work that needed to be signed in order to make an open door offer one of which is the Opendoor-backed offer Addendum. We are in a fairly good market (not as hot as other places seeing 20-50% price gaines and offers of hundreds of K over asking, but probably 8-10% gains over the past few years, updated nice houses going off the market within days usually at a few % over asking), but there is a lack of houses at our price point. Renting the condo out is not an option . Please direct all simple questions towards the stickied Homes Q2 and Q1 sold over 13000. Absolutely no way someone from opendoor viewed the house in person before sending the prior owner a check. It’s overpriced as you would expect since it’s being sold through Opendoor. Members Online. The final offer from Opendoor was $455,500 with a 5% fee, $2,128 repairs, 1% estimated closing costs AND they added 13k to the net to beat Zillows offer. If you can't sell, you always have open door or other channels. I literally gave you a net loss figure, and no, adjusted loss for the quarter was only $17m, unadjusted loss was $57m. 0001 per share (the “Common Stock”), pursuant to the terms of an Underwriting Agreement (the “Underwriting Agreement”), dated February 4, 2021, with Citigroup Global That doesn’t mean Opendoor is going to shut down the business, but it demonstrates the depth of the losses — and September is likely to be even worse than August, DelPrete’s analysis shows. Press question mark to learn the rest of the keyboard shortcuts. But now they are losing their shirts so badly in price declines that even their fees (which they had to discount when other iBuyers came to town, making their situation even worse) aren’t enough to make money. Radware: Which Cybersecurity Stock is a Better Buy? How buy a home Opendoor? Opendoor has s home is on The Market for sale. Opendoor operates by buying houses from people looking to sell quickly without putting in work to make it sale ready. If so, maybe try unscrewing and popping off the door knob, the you can stick something more solid thru there (Im thinking like a broomstick), push back drawer, open door, replace door knob. Will the group target Opendoor next? 16 votes, 17 comments. OpenDoor is very easy to work with but once I was in contact with them I interacted with 3 different people over the course of 3 days. However, the steep moves in home-price appreciation, specifically, stumped Opendoor's algorithm, according to Wu, and stalled any momentum the company had to finish 2022. I also believe the reason why the stock went up 21% wasn't just the zillow deal which bought attention to Opens stock and View community ranking In the Top 20% of largest communities on Reddit Opendoor Stock: Poised For Massive Growth And Underpriced (NASDAQ:OPEN) I don't know, I guess it depends what you like. What was the 52-week low for Opendoor Technologies stock? The low in the last 52 weeks of Opendoor Technologies stock was 1. I got back from vacation, toured one or two prepared an offer. Especially on songs like Cloud Nine where it's heavy and groovy in the verses, but also leans into more symphonic metal sounds of the day (c. Reply reply RepulsiveAssumption4 • As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. ) Wrt Redfin, the bay equity purchase will really pay off for them since they now own one of the highest quality lenders out there. OpenDoor had updated paperwork available for me to review/sign within 24 hours of their in person inspection (exterior only - had already done interior via video call). In context: OPEN really only needed to NOT absolutely drop the ball after Zillow (ZG) dropped the ball on their quarter and backed out of iBuying. Lots of potential here and it's 9. All Analysts Top Analysts Stock Price Forecast. “They are very close to where Zillow was in its worst moments. Worked at Opendoor. has been made by OPENDOOR TECHNOLOGIES, INC. 2 billion, up 590% versus 1Q21; with 12,669 total homes sold, up 415% versus 1Q21 Gross profit of $535 million, versus $97 million in 1Q21; gross margin of 10. Buying homes in the frenzy of the market now getting stuck with them. (OPEN) stock news and headlines to help you in your trading and investing decisions. Lol literally did the exact same thing. My wife and I recently put in an offer on a house being sold through OpenDoor. AMA. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Hi, I worked at Opendoor for close to 3 years, from the early days (less than 100 employees). In 2014, we set out to reinvent life’s most important transaction with a new, radically simple way to buy and sell your home. All these companies like OpenDoor and Uber that don’t make a profit are going to struggle now. Open door is more for offenses against policy and procedures, suspensions, hostile work environment, or reporting mild concerns. Would have lost hundreds of thousands selling via OD. Chill. 0% in 1Q21 Net income of $28 million, versus ($270) million Positions: 400 IPOB 5/21 20C and 19,500 IPOB-WT OpenDoor has the potential to become the next meme stock. I say take the corporate money since they’re paying more. but some markets will likely see 10-30% correction. There's and old saying "can't beat em, join em". Tons of tech stocks are down 90%. Opendoor's stock took a hit today despite the positive news of their CEO speaking at the Goldman Sachs Communacopia & Technology Conference. It was a bad experience and I wouldn’t recommend Opendoor. Reddit group WallStreetBets seems to be in love with Chamath Palihapitiya stocks. Terms & Policies. Share your ideas and get valuable insights from the Find latest Opendoor Technologies Inc (OPEN) stock discussions and message board on Twitter, StocksTwits, Reddit, SeekingAlpha and other social media Find the latest Opendoor Technologies Inc. Share Open Door is signing documents 5 and more days after they’re supposed to! We maintain our values and stand in protest of Reddit's API changes. They train managers to fear the prospect of retaliation from open door. It seems that Opendoor is just at the beginning and has a huge potential ahead. Please note that as a topic focused subreddit we have Even with this tiny margin of a beat, Opendoor stock skyrocketed 17% in a single trading day with 90M shares exchanging hands on that day, the highest single-day volume ever recorded for Opendoor Sold it to OpenDoor for 600k like I mentioned, pocketed the cash and bought a new place in another state on a 0 down VA loan at 3% right before the rate hikes. com is the best place to buy, sell, and pay with crypto. 79% " On February 9, 2021, Opendoor Technologies Inc. Lots of potential here and it's This is Reddit's home for Computer Role Playing Games, better known as the CRPG subgenre! CRPGs are characterized by the adaptation of pen-and-paper RPG, or tabletop RPGs, to computers (and later, consoles. This is a 20 year high! Lumber prices are at all-time highs continuing to push up home In 2014, Opendoor set out to reinvent life’s most important transaction with a new, simple way to buy and sell your home. Preliminary offer was $300,000. There are OpenDoor properties all around and didn't know if anyone out there has noticed them to be more willing to come down on their list price in the last few days. Opendoor have bought a bunch of homes near me & they’re just sitting on them. My realtor had mentioned in this red-hot market, occasionally Zillow or Opendoor would take offers without Appraisal Waivers. All 4 were complete shit shows with just new carpet. true. If opendoor is sill more, I would go with opendoor. About two-thirds of these 17,009 homes are finished and ready for resale. Deductions from this and that end up being 15-17% from initial offering. Open door buys houses sight unseen. “Opendoor’s metrics are in the danger zone,” DelPrete said in an interview. Walked away with 180k in equity after TWO YEARS. With Opendoor stock now trading in penny-stock range -- under $5 a share -- investors may be wondering if it's worth buying or if the stock is headed lower. Their chavel apts deal stopped paying as well . The home is a fixer so we expected the price to be significantly lower once Open Door had the video tour. Zillow tried doing this but were unsuccessful Opendoor Technologies Inc. Also, fuck corporations, don’t sell your properties to them. But, technically, I have seen these types of DA’s hold up unfortunately. 23, with a low estimate of 1. 9% of consumers are planning to move in the next 6 months. 80% increase from the current price of $1. Opendoor layed off like 1/3 of the workforce as soon as Covid hit and gave them several months of A place for those who are just starting out in investing and the stock market to get their questions answered. That is literally how it works, they can simply issue more shares. The offer expires on July 9, 2021 In 2014, Opendoor set out to reinvent life’s most important transaction with a new, simple way to buy and sell your home. I'll give you some insights so far: Video 'Inspection': 10/10 (very easy and very Single owner with a clean title, no accidents That still doesn't mean the history report was clean. OpenDoor might Find latest Opendoor Technologies Inc (OPEN) stock discussions and message board on Twitter, StocksTwits, Reddit, SeekingAlpha and other social media A high-level overview of Opendoor Technologies Inc. I just sold to OpenDoor in January of 2024. Thats why zillow wants a piece of the action. Proceeding as expected of a high growth tech stock. Opendoor Technologies Inc. They have nothing more to sell. 33. Let's take a look at the buy, sell, and Posted by u/Sweet-Count2557 - No votes and no comments Welcome on /r/stocks! Don't hesitate to tell us about a ticker we should know about, market news or financial education. Video walkthrough on zoom through the interior of the house to get an idea of general condition, took about 10 minutes. and then I got the first of what would be way too many marketing emails from Opendoor Exclusives. 2024 - OPEN Stock was down 5. I just sold my house to Opendoor in the Orlando area and had a good experience. com Exchange and Crypto. One of them had a legit 6 inch bow in the basement wall complete with a monster crack spanning the length. If you follow the industry, you know that M&A is a real winner which will give them to expand even faster to additional markets. Gazumping offer First, ethics is separate from open door. This move comes on a higher trading volume compared to the average, which could signal strong investor interest. I think the original owner probably got a pretty good deal with Open Door, because I think they would've found themselves spending a significant amount on repairs or lowering the price. Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto Reload Tab browser extension to refresh every 1 - 3 minutes. Business, Economics, and Finance. Our goal is to help Redditors get answers to questions about Fidelity products and Enter Opendoor (no pun intended). 2886. It was fast and a positive experience. PPTO is there to be used for these reasons but your store manager and market manager has to also believe that if you’re open dooring which is hard pressed to happen for both. Opendoor APP displays when I want to sell a home to Opendoor. (OPEN) stock. . They relisted it in June for 570k. He even launched a paid marriage counseling product recently . 99%) stock dropped 32% in December, according to data from S&P Global Market Intelligence. 86% from the current stock price of 1. r/Opendoortechstock: Opendoor technologies stock community and information sharing. Not really sure how Open Door is really making enough money like that! I feel like their return on investment is low. -1,000/10 would recommend buying from open door (with the one exception that our house appraised for $20k over the asking price so you might get a Find the latest Opendoor Technologies Inc. Welcome to r/stocks!. But one is for sale. All-in, Opendoor lost close to half a billion dollars so far this year, chiefly due to massive stock-based compensation costs (which though non-cash, still dilute shareholders). 23, 2021 /PRNewswire/ -- Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, announced today an additional $300 million purchase of stock of Opendoor Technologies Inc. View community ranking In the Top 5% of largest communities on Reddit. "Goldman raised the price target for the Opendoor Technologies Inc. The bottom line is that the company is now on track to make over $6. 6B of revenue last year. Let's take a look at the buy, Buy Opendoor Stock Before It Catches WallStreetBets' Attention. Opendoor 4. 44. I don't personally love a lot of "modern rock", I really prefer the riffing of The Open Door. Please direct all simple questions towards the stickied I haven't bought an Opendoor property but I can't imagine their selling process is as awful as some sellers can be. Opendoor < $2/share. There are plenty of indications that they are going to be conservative on their 2022 business dealings, their stock has been down and although they are still making a profit, it is not enough to impress investors. Their stock is already going down, and interest rates going up starting in March will mean the cheap VC money faucet is going to dry up. Since then Opendoor has rebuilt the entire consumer real estate experience to make buying and selling possible on mobile devices. Net is $438,868. Given where transactions volume has gone (and appears to be going) I think it may take time for the story to play out and a chance they go under sooner then the story needs, but if they were going to buy a lender that was the right one. Post anything you like about any bubbles in View community ranking In the Top 20% of largest communities on Reddit. ET. 05% increase from the previous trading day. For immediate help, please contact The buyer broker commission constitutes roughly 2. In July stock increased 27% and they are still are roughly $3. They asked for $3k in repairs which included painting the exterior and some other minor things. Crypto 134K subscribers in the StocksAndTrading community. Opendoor's offer was right at market value and maybe even a bit more. Opendoor was always a penny stock. It's a place to share ideas, tips, tricks or It’s annoying because instead of everyone getting a chance to bid on the open market it’s immediately sold to Opendoor, who immediately list it higher. 07. (Ticker: OPEN) recently witnessed a striking surge with its stock price closing at $4. Fiancés cousin sold to open door in Las Vegas and they docked him minimal for the repairs needed, but still higher than what he wanted to list. I recently had an experience with Open Door, not my home but my cousins. The reason it says "Buy with Opendoor" is because they have a product where they'll help you buy a house (any house) by making your offer a cash-backed offer, and refunding you 1% of the purchase price, but you need to use them as the buyer's agent. 1 billion) in inventory. Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. Mistakes happen all the time. MavHenz • Additional comment actions Yes, technically the secret behind the door is Denji's patricide, but it's not only that. 26 per share. I'm fairly sure I lost 5 years of my life to stress dealing with open door, but we love the house. stock news by MarketWatch. I asked for an 4/1 closing date. The doors in Chainsaw Man seem to represent willingful ignorance, which basically is when Denji chooses to ignore what's around him in order to avoid suffering by thinking too much, like when he made himself forget about killing his father to avoid guilt. I was just asking because opendoor has offered wayyy more than market value so I was thinking of letting the market do its thing and review offers. OPEN | Complete Opendoor Technologies Inc. To be honest, I don't find it crazy that the stocks are down so much. Terms & Policies This loss is irrelevant over the long haul. Share your opinion and gain insight from other stock traders and investors. Find the latest Opendoor Technologies Inc. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Its growth is very healthy at a 58% CAGR Opendoor uses Machine Learning to predict home prices and has been done a fantastic job doing it. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. In fact, OD is the largest and healthiest iBuyer right now, they have over $2. I sold my home to OpenDoor in early July, that was the tippy-top of the nutzo market. When I was browsing Reddit the only posts I saw about their selling experience was when OpenDoor was giving people crazy amount of money over asking price, since things changed I can answer your questions you may have. The stock is going to zero if housing prices go down even slightly. between $ 3-5. 29. Track Opendoor Technologies Inc (OPEN) Stock Price, Quote, latest community messages, chart, news and other stock related information. 85 low Closer to today’s publication date of December 1, 2022, and still falling. Bullish article around on OPENDOOR, explains why the stock is a good long run, read and hit up in chat if u agree or disagree. Competition has thinned out in the home-flipping Posted by u/lilshwarma - 10 votes and 1 comment Got an email from E*Trade that Opendoor is calling in their warrants: We are writing to notify you that A WARRANT EXERCISE for OPENDOOR TECHNOLOGIES, INC. r/AskCarSales will remain private Sunday, 06/11 through Wednesday, 06/14 r/Save3rdPartyApps PLEASE DO NOT MESSAGE US Just visiting Sacramento this week and saw this. I can't really think of many stocks that are better than Opendoor. Reply Since then Opendoor has rebuilt the entire consumer real estate experience to make buying and selling possible on mobile devices. The only thing Opendoor actually charges is the 5% fee which perhaps was 14% at some point but is currently 5%. Home-flipping giant Opendoor buys homes from sellers and uses technology and data to alleviate the hassles of the home-selling process for users. 3T market and has generated only around 4. 2006), especially for parts like the pre-chorus and chorus (those leads! As someone familiar with the Walmart systems and how fucking janky they actually are. Crypto Opendoor treasury stock: 0. I would suggest you not worry about what the Fed is doing, but concentrate on what Open Door and your builder are doing. Management's conservative approach is praised. Opendoor Stock Forecast. We decided to go with Opendoor because of the opportunity to stay 3 weeks after closing. A place to freely discuss and investigate the current US housing bubble. Opendoor APP doesn't have any homes to buy. Sometimes it is useful to set aside stock-based Closing cost and repairs are normal cost that are part of a traditional sell as well. Technically I think anything below $5 is typically considered penny stock terriorty but yes burn baby burn. I've sold two properties to opendoor, here is their "inspection" process. It is transforming the real estate market through simplifying a complex, costly, and long process to sell or buy a house into a simple process. This is a place to discuss Trading Stocks, Futures ETFs, Advanced Investment strategies, & more Get the Reddit app Scan this QR code to download the app now. Why is it, I, a cart pusher, realize how fucked up Walmart's systems actually are and I barely interact with them, when management, the people that interact with the technology far more than me out of necessity, can't recognize it when the I toured 4 Opendoor "let yourself in" houses. Click for more on OPEN stock prospects. Other iBuyers were all under 7 days, but likewise after the in-person inspection. 80 and a high estimate of 2. I tried opendoor recently. Our initial Opendoor offer was 5% higher than the final offer because they provided a list of bogus repairs. 00 One of the lowest RE Companies in US. Everything has been going fine. 65 billion in revenue this year I mean im holding opendoor shares, but clearly the 6b+ revenue for this year is wrong. Mortgage rates went back up after receding The strong performance of tech stocks could have created a ripple effect, boosting confidence in companies like Opendoor Technologies. Get the latest Opendoor Technologies Inc. com DeFi Wallet. Open door is just cutting losses before they become Openbagholder. View community ranking In the Top 20% of largest communities on Reddit. comments I mean if open door claims that they make money on every sale via their policy, it wouldn’t make sense to sell everything on a package deal. My potential realtor said that was going to be $2k more than his highest suggestion. Being treating as a growth stocks would mean it would continue to get crushed like other growth stocks but opendoor deals in real estate which is very Opendoor stock is so cheap right now, trading at only 0. (NASDAQ: OPEN), a leading digital platform for residential real estate. Announces Proposed Secondary Public Offering of Common Stock by Selling Stockholder - OPEN Welcome to r/stocks!. 54. Third one above is Opendoor sucks, and you're seeing one of the reasons why. 75. I basically ran out of the house. Stock Market News for Traders and Investors Real estate technology company Opendoor Technologies (OPEN 1. Ask away! Get a real-time Opendoor Technologies Inc. I would love to hear all of your thoughts and now SOFI is still a high-risk, growth stock. Edit: I should mention the timing on all this was total dumb luck. (NASDAQ:OPEN) stock to “a Neutral”. aiming to bring Reddit's attention to the significance of our concerns regarding the recently implemented API changes. 2. Open Door. (OPEN) stock quote, history, news and other vital information to help you with your stock trading and investing. 1M subscribers in the NoStupidQuestions community. I called Open Door and their offer was decent. Members Online SecureWorks vs. 6K subscribers in the StockTitan community. According to the current price, Opendoor Technologies is 115. Since then Opendoor has rebuilt the entire consumer real estate experience to make buying and selling possible on Long story short, I took an issue to my store manager after it didnt get resolved with my asm. You're much better off selling your house to the open market with a realtor. Home is located in Northern Ca, and not move in ready (mold). Posted by u/learner4f - 199 votes and 66 comments Exactly this. Press J to jump to the feed. This should be addressable through some kind of index product that gives synthetic exposure to local markets, like the Case Do it. Any price appreciation they can get is gravy. A collective community of helpful resources and concrete action steps to take. Crypto Opendoor stock is now down a whopping 95% from its peak in 2021. IMPORTANT DEADLINE: Your reply must be received no later than July 7, 2021 at 11:59 p. Crypto. They are doing this to generate seller reliance on them. But this sort of thing is hard to work around anyway. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. It doesn’t work that way once you are public. Its unfortunate but know even if it does stick it should be at most a Yellow level and it has no Just wondering if anyone has made an offer to buy an OpenDoor house since the FTC fine was announced. When browsing properties you can go to Filters and limit it to only homes owned by Opendoor. 233, and the lowest is $0. 58 as of December 22, 2023, marking a 9. Opendoor is a leading digital platform for residential real estate. Also, I know for a fact that, with Opendoor, sometimes you only get an hour’s notice about a tour - but they allow you to decline the tour if you want to. The rating was released on May 17, 2021. Edit: Downvote all y'all want but it won't change the fact that mistakes happen. Some of the repairs included repainting the entire interior and exterior, and redoing the landscaping. The entire world is in an "everything bubble". This is a sanctuary for those who appreciated the original WSB vibe but prefer a refined focus, steering clear of international and meme stocks. Join us for savvy insights and serious discussions about the stocks that matter. You cannot sell stock to investors for cash, then tell those same investors that paying employees in stock shouldn't count as an expense the way cash compensation does. AND, Opendoor has about $2 billion in cash. That's high growth stocks in general. Buy Opendoor Stock Before It Catches WallStreetBets' Attention. OPEN really is a play on whether you believe if iBuying is possible+profitable or not. Do your own DD and decide how much risk you are willing to take on in your investments. Felt like the issue still didnt get resolved with store manager and I wanted to take it above because the store manager didnt really put any effort into finding a solution to satisfy the situation. No harm. We recently got an offer from opendoor on our house. I thought it was very fair. (the “Company”) completed an underwritten public offering (the “Offering”) of 28,536,888 shares (the “Firm Shares”) of its common stock, par value $0. This is the #1 community focused on Opendoor research, proptech, and residential real estate trends. What I do find crazy is that they were ever that high to begin with. com Visa Card — the world’s most widely available crypto card, the Crypto. (OPEN) stock discussion in Yahoo Finance's forum. Equities by their nature are risky, some more than others. Opendoor specifically gave themselves 3 billion shares of which only 585 million have so far have been issued. The home was built in 2020 and the landscaping was done professionally. Reply 37 votes, 14 comments. Or check it out in the app stores Open door bought my neighbors house for 550k in March of last year when houses in our neighborhood were going for 480k. 50 the next. Yesterday I got an email from Open Door saying that my escrow file has been reassigned to a different escrow You can open door it, of course. He really just uses his name to bring in more and more money and he himself is not involved . "Opendoor reported that it purchased 36,908 houses in 2021 but sold only 21,725 houses (for $8 billion) during the year, leaving it with 17,009 unsold homes ($6. I think a lot of Zillow employees are now giving handys behind the dumpster at Wendys. Unless your ASM, CO, store manager AND market manager are all POS's in it together, they aren't going to get rid of you, unless they can prove that you're a POS as well. You aren't buying stocks for the price tomorrow or next week. Replenish It's an incomplete market - they will always be net long inventory and don't have a good way to hedge downside risk. 3 times trailing-12-month sales and under $3 per share, that risk-tolerant investors might want to take a small position. It's a fairly short process but definitely give a try to the conventional process. 126K subscribers in the REBubble community. ” To summarize, OpenDoor was the easiest to work with and they also offered the highest price, comparable to what houses are closing for in the open market but there are caveats I'll address below. Fund 4 stopped distributions . View community ranking In the Top 10% of largest communities on Reddit. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. This is the definitive Reddit source for video game collectors or those who would like to start collecting interactive entertainment. This is not true they made a profit Q1 and Q2 2022 ,before interest hikes caused downturn here's Q 1 and Q2 earnings highlights: 1Q22 Revenue of $5. Like homes, opendoor stock can only go up. I want to buy a home owned by Opendoor not sell a home AR least not before buying any home. There are reasons The reimagined way to buy and sell your home. Meaning that investors think the company has further to fall. NEW YORK, Sept. It's never small incremental Track Opendoor Technologies Inc (OPEN) Stock Price, Quote, latest community messages, chart, news and other stock related information. The Opendoor Technologies Inc (OPEN) stock price forecast for the next 30 days is generally positive, with an average analyst price target of $2. Has anyone ever sold a property to Open Door ? How was the experience? Was it difficult ? Did you feel supported in the process ? I have a condo in Southern California that I need to sell as quickly as possible . Share your ideas and get valuable insights from the community of like minded traders and investors My previous OpenDoor offers have always been pretty much in line with Zillow. Opendoor stock price avg. Visit r/Save3rdPartyApps to learn more. Last week on the 11th, OpenDoor texted me with an offer of $389,400. Just as Zillow cornered buyer loyalty in the early 2000s by providing something buyers really, really, wanted (instant data with more depth) and then cornered a significant agent following by selling agents the buyers' information, Open Door is View community ranking In the Top 20% of largest communities on Reddit. So the one you linked -- 9722 Live Oak Ave, Temple City -- kind of sucks. It feels like it can be up a dollar one day and then down 1. Posted by u/futureIsYes - 15 votes and 13 comments In 2014, Opendoor set out to reinvent life’s most important transaction with a new, simple way to buy and sell your home. That's unfortunate. OPENDOOR stock still undervalued even with the recent runup. Or check it out in the app stores &nbsp; Here is another one. and based on thier Q3 ,and Q4 projections there will be thousands and thousands more houses sold. Global Ethics is more for reporting things against federal/state law, code/OSHA/FDA, or human rights. It wouldn’t be on the market long so I needed a quick sale. OD wants to give you a reduced sale price because that's much easier to navigate than putting money in escrow to have a structural repair done after close. 7K subscribers in the the_everything_bubble community. The big caveat here is ibuyers haven't created value yet, what they're doing right now is burning investor/shareholder money in an attempt to create a business that might in the future create value. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. Reddit iOS Reddit Android Rereddit Best Communities Communities About Reddit Blog Careers Press. I am considering Open Door because I’ve heard they can close on a property in 14 days . comments sorted by Best Top New Controversial Q&A Add a Comment. They are not doing this to make money. Opendoor is pretty clearly operating as a primordial marketmaker but, due to it being real estate and not highly liquid assets, they don’t have a lot of the proven tools available for other market With Opendoor stock now trading in penny-stock range -- under $5 a share -- investors may be wondering if it's worth buying or if the stock is headed lower. But they decided to reverse that. Here, we’re all about sharp analysis and strategic moves in the market, building on a legacy but charting our own course. 59 In February 2021 a $1. The reasonable middle child between r/investing and r/wallstreetbets. You are seeing a correction of all stocks, not just Opendoor. Not knowing their plans at all but Im guessing they are taking a long term position and dollar cost averaging to get a lower profit point. All the Opendoor bears (like OP) tend to pick one house out and shout "they're going broke!" when there are people (like me) who track thousands and thousands of listings and have a good sense for the profit distribution across their portfolio. However, it’s been on the market for over 200 days so we worked with our buying agent to come up with a very reasonable offer in mine and our agent’s opinion. 5% of Opendoor’s overall cost structure, meaning that if Opendoor could capture all of this, its unit margins would increase significantly. Just one of the many signs that AND, Opendoor has about $2 billion in cash. I believe Opendoor is definitely going to get more market share, but they are also going to have a hard time hiring, keeping and training enough employees. They will. A interesting stock is Opendoor (OPEN), but their financials have taken a huge hit because of their house buying mistakes a few years ago. Tell your dad anyway so he can Three months later and Opendoor stock is down another 50% and trading below its liquidation value. However, there's a silver lining to the stock's retreat over the last three years. For example, Opendoor was planning to require that all agents take out a $500k car insurance policy and list Opendoor on that policy in 2023. The 4 analysts with 12-month price forecasts for Opendoor stock have an average target of 2. wsj. It serviced around 80k homeowners. The closing cost is paid to the title company anyway not Opendoor and would be the same charges as a traditional home sell. 6B in cash and they are actually quite close to profitability. I am in the Houston market. Hundreds of thousands of people have come to Opendoor to participate in that value creation. Open door then tried to resell for more and it sat on the market for months. Opendoor has no such plan, they don't even really inspect. 8. (OPEN) stock price quote with breaking news, financials, statistics, charts and more. We are not officially endorsed by nor affiliated with Best Buy Co. while looking through posts on the online message board Reddit. 4%, versus 13. Get a quote. , Inc. 7 That's an Opendoor house. They send a guy who spends 30 seconds taking 10 pictures of the outside of the house. selling them at a loss. The highest analyst price target is $4. 's stock dropped hard despite beating Q2 estimates. Relax. It’s keeping the market higher, which I A interesting stock is Opendoor (OPEN), but their financials have taken a huge hit because of their house buying mistakes a few years ago. Yes, that glitch is 100% a thing that would happen. Eventually went with Redfin. Crypto Yes OpenDoor’s business model has always been to make their real money on fees. I put an offer on the new house and set a closing date for 4/3. View real-time stock prices and stock quotes for a full financial overview. Opendoor made huge mistake after 2020 buying overvalued houses that they couldn't flip, and that inventory is still on the books something like 7-8 billion. cutr rhixkj hnfcht rlpfk aylcv fugn sqqbvnq ahyfhz gmxq anhymo