Friday, February 27, 2015

OpenDoor Targets Dallas With Instant Home Sale Marketplace

Looking to sell your home in Dallas, nearly instantly? A Silicon Valley startup, Opendoor, said this week that it is looking to bring near instant home sales to the Dallas market, as part of an expansion by the company. Opendoor, which is based in San Francisco, offers up an online site where homeowners can input their address, enter some other information on their property, and instantly get a purchase offer from Opendoor and its investors for that homeowner's property. Opendoor says the process is nearly instant, with homeowners getting an offer solely based on fair market values. The startup runs and inspection before close, but says that in its first market--Phoenix--it is buying at least one house a day from homeowners. Opendoor just raised $20M in a funding round from GGV Capital and Khosla Ventures for its service.