What the Rise of iBuyers and Fin-tech Companies Means for Buyers
Pro Builder
AUGUST 25, 2021
Cash offers have helped buyers and companies stand out in bidding wars, but buyers who cannot offer cash can instead go to a cash financing company. If the buyer is not able to secure financing, then OpenDoor purchases the home for the buyer and holds the home for 120 days at no cost to the buyer with a fee of 1% of the purchase price.
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