What is Opendoor?

What is Opendoor?

Opendoor Technologies Inc. is a digital platform that revolutionizes residential real estate transactions by allowing users to buy, sell, or trade-in homes online. Founded in 2014 and headquartered in San Francisco, Opendoor simplifies the process of buying and selling homes through its mobile-friendly platform. The company purchases homes directly from homeowners, makes necessary repairs, and then resells them. It also offers additional services such as real estate brokerage, title insurance, escrow services, and property insurance.

Opendoor operates in multiple U.S. markets and aims to provide a seamless, convenient experience for users, supporting life's major transitions such as moving for a new job or expanding a family. The company went public through a merger with Social Capital Hedosophia Holdings Corp. II in 2020​.