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0.000205044084478254 0.00210170186590116 0.0218371949969243 0.0303465245027682 0.0209391019069099 0.0457248308386303 0.0611031371744926 0.0457248308386303
Stock impact report

Opendoor: Does It Have a $2.2 Billion Problem or a $2.2 Billion Opportunity? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Even as other companies like Zillow have exited this business model, Opendoor still operates in 50 markets today, and it has thousands of homes in its inventory. Those homes, worth $2.2 billion at the end of last year, represent both a challenge and opportunity for Opendoor. Opendoor describes its mission as transforming the U.S. residential real estate industry, but put simply, it buys homes with cash and then resells them with the hope of earning a profit on each sale. The appeal of dealing with Opendoor is that it allows sellers to avoid the time, expense, and uncertainty of selling a home through the traditional process. A seller can take Opendoor's convenient cash offer without going through repairs and renovations or hosting an open house. Once the deal is done, the company turns the home around with the goal of selling it for a price higher than what it paid (including any costs from fixing up and holding the property). As simple as this business model may seem, execu Show less Read more
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