Opendoor Technologies Takes Unique Approach Towards Real Estate Industry



a sign on a pole: A picture of the OpenDoor (OPEN) app on a phone.


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A picture of the OpenDoor (OPEN) app on a phone.

Opendoor Technologies (NASDAQ:OPEN) is a platform that allows the purchase and sale of properties. It also offers financing services to the buyer. The company has become a leader in the “iBuying” market, a fairly new industry that allows homeowners to sell their houses to the company, which will list them on its platform. Year-to-date, Opendoor stock is up 11.2{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}.



a close up of a sign: A picture of the OpenDoor (OPEN) app on a phone.


© Provided by InvestorPlace
A picture of the OpenDoor (OPEN) app on a phone.

The lighting-fast approach to real estate is a perfect alternative to the tedious process of listing a home, working with an agent, showing the home to buyers, and waiting for the buyers to get financing to finally close the deal. The company is garnering attention and investors’ interest.

Opendoor stock stood at $10.80 in June 2020 and soared to $31 in December 2020. They have a unique approach to real estate which is why I am bullish on the stock.

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