2 chapters across the catalog
Real estate agents report that institutional investors are making full-price cash offers on homes within hours of listing, often waiving inspections. This practice puts first-time homebuyers at a severe disadvantage, forcing many into a "sharing economy" where they rent everything from their housing to their furniture.
ABC News featured a segment on Open Door, which the hosts characterize as a native advertisement. The service is described as an "iBuyer" or "online flipper" that purchases homes sight-unseen for a 5% fee. The discussion contrasts this model with traditional real estate brokers and competitors like Zillow and Redfin.
