Comparing Offerpad vs Opendoor vs Roofstock Offers

While the housing demand is high in most markets across the country, not every seller wants to sell their home the conventional way. Scheduling showings, staging a house and negotiating with a buyer can take a lot of time and energy, just for the agreement to fall through at the last moment. Roofstock Offers, Offerpad, and Opendoor are three i-buyer organizations that pay cash to sellers who wish to sell their property quickly, with little hassle and flexible closing date. A seller can bypass the limitations of a typical sale by selling to an i-buyer and finish a deal in as little as 14 days (about two weeks) or fewer.

Offerpad Offers

Offerpad offers provide two options for selling a home - directly to an Offerpad or to a traditional buyer. It is intended for owners who want to sell their property for cash without having to deal with listings or showings. The Offerpad FLEX List with Confidence project is intended for sellers looking to find the highest benefit and assistance from local real estate professionals. 

You will receive an all-cash offer within 24 hours after providing details like the property address and answering basic questions about the home online. If a home needs repairs, the Offerpad FLEX program will extend funds to continue the task with the assistance of the company's renovation team.

Opendoor Offers

Opendoor offers also provide a seller with two options for selling a home. You can list here to test the market and attract multiple offers, or you can receive a provisional cash offer from Opendoor in minutes after giving your details and following a few simple instructions. With Opendoor, you can get a quick cash offer and flexible closing dates without showing your home. There is no obligation to accept Opendoor's cash offer, and sellers can use it to maximize their sale price. 

Owners who sell to Opendoor for cash do not have to worry about renovations and repairs before selling. They can have the company cover the amount for any repairs from the net sale proceeds and leave the work to them.

Roofstock Offers

Roofstock offers are intended for property owners who need to sell a qualified rental property quickly and for cash. You are not required to stage or show the home, and if the property is already rented, the tenant can remain there until the transaction is completed. If a seller declines the cash offer, they can list the home on the Roofstock Marketplace, which connects them with a network of global investment property buyers.

Roofstock manages the entire closing process and handles all negotiations online so that the closing can take as little as 10-14 business days. They also provide the sellers with listings or showings as well as no appraisal or financing contingencies. 

How to Decide What Fits Your Needs?

Roofstock offers, Offerpad and Opendoor all give sellers the option of selling their home quickly and for all cash. While Offerpad and Opendoor charge up to 5% in service fees, sellers with a qualified rental property only pay a 3% service fee to Roofstock offers. 

If a seller does not accept a cash offer, both Offerpad and Opendoor provide a listing program, which requires a seller to show and stage a home, make repairs, and pay a 5% sale commission.  The process of selling a home through Roofstock offers or the Roofstock Marketplace, on the other hand, eliminates the hassles associated with a traditional sale. Compare the advantages and disadvantages of using Roofstock offers, Offerpad and Opendoor versus a traditional listing through a real estate agent and the local MLS.

As a homeowner in Edmonton who is planning on selling their home, you may want to do your own research to determine the fair market value. You can also contact Edmonton Home Pros to discuss any doubts you may have regarding buying or selling a house. Our diverse team of real estate professionals is committed to providing you with the best service possible, and you can be confident that we are your best real estate solution.