The real estate transaction platform Opendoor (NASDAQ: OPEN) has debuted Cash Plus, a new addition to its product offerings for home sellers and agents.
According to the San Francisco-based company, Cash Plus provides immediate cash for home sellers in as little as 14 days. Opendoor works with local partner agents who list the home on the open market and aim to maximize the final home sale price with full market exposure. Opendoor distributes any additional proceeds with the seller once the home resells, less fees and expenses.
Cash Plus is currently available to Key Connections agent partners in three markets — Dallas, Nashville, and Raleigh — with plans to roll out to all Opendoor markets.
“Cash Plus provides sellers the certainty of our Cash Offer and the opportunity to gain more by using a market listing,” said Opendoor Head of Agent Partnerships Nick Boniakowski. “Now, our local agent partners can offer even more home selling solutions and make optionality one of their differentiators for clients. Cash Plus leverages what Opendoor and its trusted agent partners do best — and bridges the gap between cash offers and traditional sales.”
