Re:Opendoor, a startup worth emulating
by jdross on Monday December 12, 2016 @11:16PM
(#13164392)
Our current pricing model & offer process is more accurate than the in-home appraisals we've done with third parties. The in-home inspection we do before close catches major repair issues and other sources of adverse selection (e.g. hoarders)
Targeted hold time varies by market, but optimal holding period is 0 days :)
We fund a small portion of each home with equity and the rest with debt-like instruments. I can't name names though.
Targeted hold time varies by market, but optimal holding period is 0 days :)
We fund a small portion of each home with equity and the rest with debt-like instruments. I can't name names though.