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Re:FTC takes action to stop Opendoor from cheating potential... by mgkimsal on Monday August 01, 2022 @04:28PM (#32311624)
Let's say my home would sell on the open market for... $260k. Got an offer from opendoor indicating they'd offer me $240k, but then I also had to factor in another $13k for their estimated repairs, so my final 'in my pocket' amount was $227k. That's a non-trivial diff, because I could likely have gotten closer to $260k on open market, then negotiated $10k or so with buyer (to get needed repairs in place by sale date).

You're paying for convenience, and while I didn't find the opendoor written offers completely confusing, it did seem a little... misdirection-y.

Re:FTC takes action to stop Opendoor from cheating potential... by Closi on Monday August 01, 2022 @04:39PM (#32311744)
I'm not saying that Opendoor isn't being misleading on this point, I'm just saying that the FTC didn't say what the article said it did :)