2HOTinPHX
Full time employment: Posting here.
We've been kicking around the idea of relocating for a while now. Just out of curiosity on June 15th we got a preliminary offer from Opendoor for our house. Wow really good offer at $500,300, no showings and none of the usual angst of waiting for offers and clean closings risk. Neighbor across the street sold his home, same model for 435,000 last year with traditional realtor. Opendoor does take 5% "service Fee" though, sounds like commission to me? Let the emails and text messages from Opendoor start flowing....
But where would we go as everything seems pricey right now? So were doing some online home shopping with Redfin. I downloaded their phone app. Did something that got new listings and price changes emails sent to us automatically. Noticing a lot of price change emails are reductions in prices. Hmm a sign of the times? Sellers market turning? Air being let out of the bubble with the recent quick rise in interest rates?
Then yesterday June 27th I clicked on an email sent June 16th titled "your offer may increase" from Opendoor.....clicked on the link and POP!!!.....preliminary offer reduced to 459,500... WOW that hurts....is the sky falling
But where would we go as everything seems pricey right now? So were doing some online home shopping with Redfin. I downloaded their phone app. Did something that got new listings and price changes emails sent to us automatically. Noticing a lot of price change emails are reductions in prices. Hmm a sign of the times? Sellers market turning? Air being let out of the bubble with the recent quick rise in interest rates?
Then yesterday June 27th I clicked on an email sent June 16th titled "your offer may increase" from Opendoor.....clicked on the link and POP!!!.....preliminary offer reduced to 459,500... WOW that hurts....is the sky falling
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