Jordan Ayan, Luxury Market Expert, CLHMS,Million Dollar Guild (The Lifestyle Collection)

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Rainmaker
967,073
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Jordan thank you for bringing this up and I think you need to write a full blog post about it and tag the holy living crap out of NAR and Open Door. This is important information. Consumers get bamboozled and they don't find out until it's too late they are not getting a deal.

Apr 10, 2018 08:25 AM
Rainmaker
1,394,738
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They have no presence here, so I have not seen one. Thanks for sharing this!

Apr 10, 2018 07:08 AM
Rainmaker
5,770,338
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jordan,

Thank you for sharing this.  And I agree with Candice A. Donofrio .  A

Apr 10, 2018 08:34 AM
Rainmaker
536,893
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Never seen one of these.

Apr 10, 2018 06:59 AM
Rainmaker
2,211,651
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Jordan. 

Apr 10, 2018 03:12 PM
Rainmaker
920,968
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Although OPEN DOOR fine print is very predatory, the question that really needs to be asked is "What is the problem Open Door is solving?"

Until you know that answer you will simply be whacking at leaves and never getting to the root.

Clearly people are willing to pay OPEN DOORs fee for this solution.

Apr 10, 2018 10:38 AM
Rainmaker
1,449,712
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Wow!  NAR is too afraid of it's shadow to do anything.  They got spooked by the anti-trust people once and now they won't lift a finger to help the agents or to talk bad about another business model or competitor.

Apr 10, 2018 09:09 AM
Ambassador
3,191,533
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have not.  Prior to reading this, I had no knowledge or information about the company. 

Apr 10, 2018 07:45 AM
Rainmaker
712,619
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

That's very interesting Jordan. Anyway you can post a copy with the personal info blacked out?

Apr 10, 2018 07:30 AM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I have not seen one.

Apr 10, 2018 07:21 AM
Ambassador
4,823,739
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Haven't seen one - thanks for the share. Raises the eyebrows a bit, doesn't it?

Apr 10, 2018 07:15 AM
Rainmaker
7,236,000
Roy Kelley
Retired - Gaithersburg, MD

Nope.

Apr 10, 2018 07:01 AM
Rainer
76,084
Mary Ellen Holleran
Holleran Real Estate - Chapel Hill, NC

Thank you, Jordan Ayan, I was curious about the costs. It's made to sound so good but seems too good to be true. This is the exposure that is needed to show homeowners the real story. YES, still waiting for the NAR to step up and support us because I believe we are why they exist. 

Jun 05, 2018 10:52 AM
Rainer
341,253
Ron Tissier
Chapman Hall Premier Realtors (404) 580-9069 - Atlanta, GA
Defining Homes. Defining Lifestyles.

They're here in the Atlanta market and advertise on the radio frequently along with OfferPad, Knock and the like.  All investor backed start-ups that attempt to purchase a Seller's home below market value.

Homeowners beware!

May 10, 2018 06:11 AM
Rainmaker
1,045,215
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I had no knowledge or information about the company.  I have seen lots of the WE BUY Houses and also the Agent models for if we can't sell it we buy it "Guarantee" Jordan Ayan 

Apr 16, 2018 03:26 PM
Rainmaker
5,490,334
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you for sharing this information, and so far, have not seen Open Door in Denver.

Apr 12, 2018 08:19 AM
Rainmaker
4,799,763
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is all new to me.

Apr 11, 2018 06:19 AM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

ROFL!

Apr 11, 2018 05:26 AM
Rainmaker
4,433,859
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Apr 11, 2018 04:45 AM
Ambassador
4,318,302
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jordan Ayan - you can write the whole blog post on this topic! Good luck.

Apr 10, 2018 10:02 PM
Rainmaker
3,986,050
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I can't say I have heard this term before.

Apr 10, 2018 08:59 PM
Ambassador
5,910,003
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the heads up Jordan.

 

Apr 10, 2018 08:06 PM
Ambassador
3,987,310
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

No presence in my market...yet.

Apr 10, 2018 07:11 PM
Rainmaker
1,683,853
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

They actually send an offer on one of my listings, they're VERY present in my market. I went on a listing appt about ten days ago, they will be selling their house to Opendoor as they don't want to get it ready to show and don't want any buyers going in and out of their home. 

Apr 10, 2018 03:30 PM
Rainmaker
1,578,023
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I did not see it.

Apr 10, 2018 03:04 PM
Rainmaker
564,028
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

I am not familiar with Open Door... Thank you for sharing -

Apr 10, 2018 01:42 PM
Rainmaker
1,786,375
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

They don't have to belong to NAR remember? If they did would it make them less scavengers? I think not.

I'm going to use that commission note on my next close.

"REMAX Experience fee =   "

Apr 10, 2018 12:03 PM
Rainmaker
5,581,678
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I've not heard of them....

Apr 10, 2018 09:27 AM
Ambassador
2,623,979
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   Caveat emptor when dealing with a company like this.

Apr 10, 2018 09:08 AM
Rainmaker
4,666,664
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Fortunately, have not had any encounters with them as yet.

Apr 10, 2018 09:04 AM
Rainer
338,087
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

I have not even heard of Open Door, but actually laughed when I read the "Open Door Experience fee".  It makes me consider changing the name of my fee to "3rd Party Processing Experience fee" but that could be misconstrued in interesting ways! LOL

Apr 10, 2018 08:57 AM
Rainmaker
1,152,273
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Just like the name says they'll get you coming and going. A unique Opendoor experience. Market Risk Charge, that's a good one Jordan!

Apr 10, 2018 08:33 AM
Rainmaker
4,356,375
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I have not seen one. Thank you for sharing this information. 

Apr 10, 2018 08:03 AM