Offerpad vs Opendoor 2025: Who Offers the Best Deal for Homes?

Written by Mariia KislitsynaDecember 30th, 20247 minute read

iBuyers like Offerpad and Opendoor are real estate companies that buy homes directly from owners. They can quickly evaluate properties and close on a home in as fast as a week. In exchange for this speed and convenience, sellers typically pay a service fee and receive an offer below fair market value (FMV).

If you’re trying to decide which iBuyer to use when selling a home, you’ll likely compare Offerpad and Opendoor — the two largest iBuyers. While Offerpad has more perks, Opendoor is available in more locations nationwide.

So, how do their fees, services, and seller experiences compare? Let’s break it down to help you decide which option is the best fit for your needs.

Jump links: Offerpad vs. Opendoor | Reviews | Pros and cons | The bottom line | FAQ

Offerpad vs Opendoor: How each iBuyer works


Offerpad
Opendoor
Service fee
5%
5%
Cancellation fee
1%
None
Late checkout
  • Up to 3 days after closing
  • Seller has to pay a refundable security deposit
  • Up to 17 days after closing
  • Seller has to pay $100-400/day + $2,000 in security deposit
Additional features
  • Free local move (up to 50 miles)
  • Free cleaning and yard work (if listing with Offerpad’s agent)
  • Home improvement advance (if listing with Offerpad’s agent)
None
Availability
14 states (AZ, CO, FL, GA, IL, IN, KS, MO, NV, NC, OH, SC, TN, TX)
26 states + Washington, DC. (AL, AZ, CA, CO, FL, GA, ID, IN, KS, MA, MI, MN, MO, NV, NJ, NM, NY, NC, OH, OK, OR, SC, TN, TX, UT, VA, WA)
Qualifying properties
  • Single-family homes
  • Condos
  • Townhomes
  • Homes in gated communities
  • Homes in age-restricted communities
  • Price up to $1M (could be higher in some areas
  • Max lot size of 2 acres
  • Built after 1950
  • Seller has clear ownership
  • Single-family homes
  • Townhomes
  • Duplexes (in certain areas)
  • Condos (in certain areas)
  • Homes in age-restricted communities (in some areas)
  • Homes in gated communities (in some areas)
  • Price $ 100K-600K (could be higher in some areas)
  • Max lot size of 2 acres
  • Built after 1930
  • Seller has clear ownership

Offerpad works best for: Sellers who are looking for a more personalized approach to the process — you get assigned specialists, such as a Customer Solutions Manager or a Closing Coordinator, and the inspection takes place on-site; those who could benefit from perks such as a free local move or home improvement advance.

Opendoor works best for: Sellers looking for wider coverage (Opendoor is available in almost twice as many states as Offerpad); homeowners who want more flexibility with cancellation, and those who prefer a more digital experience.

Offerpad vs. Opendoor: The verdict

Overall, both companies have a similar business model: they charge a 5% service fee and offer comparable prices for properties (typically 80-85% of market value). However, some differences can tip the scales toward one or the other.

For example, Opendoor is more widely available across the country. If you live in California, Opendoor is the only iBuyer in your market. Also, the company gives more flexibility with the move-out date — sellers can stay in the house for up to 17 days. But it comes with additional daily fees, while Offerpad lets you stay for free for three days.

Offerpad could be a better solution for those who prefer working with real people instead of going fully digital. Offerpad’s home inspection process occurs on-site instead of via a video walkthrough. Offerpad also has additional perks for sellers, such as a free local move and a home improvement advance (if selling using the company’s agent).

How does Offerpad work?

  1. Fill out a form and submit property details.
  2. Receive a preliminary offer.
  3. Schedule an on-site visit from a property inspector.
  4. Get a final offer that makes allowance for repairs.
  5. Decide whether to make repairs yourself or provide Offerpad with a repair credit.
  6. Choose a closing day within 90 days.

How does Opendoor work?

  1. Fill out an online questionnaire.
  2. Get an estimated offer.
  3. Do a video walkthrough of the property.
  4. Get a final offer that accounts for needed repairs.
  5. Choose a closing day within 60 days.

Offerpad vs Opendoor reviews

Company
Overall rating
Number of reviews
Offerpad
3.9/5
2,500+
Opendoor
4.2/5
4,000+
Note: These ratings and review counts are based on data available up to November 13, 2024, and reflect customer feedback from online sources like Google, Yelp, and the BBB. Ratings and reviews may change over time.

We analyzed more than 6,000 reviews from various sources, such as Trustpilot, Yelp, and the BBB. Opendoor has more reviews, has been operating for longer, and is more widely available.

Positive reviews for both companies praise the streamlining of the selling experience and the customer support.

Two of the most significant complaints mentioned in reviews for both iBuyers involved the high cost of post-inspection repairs, and the low final offer price, which came as a surprise for some clients.

Offerpad reviews

Offerpad’s positive reviews speak highly of the team’s professionalism and flexible closing timelines. Users appreciated the speed of the process and the smooth sale.

“Venturing into the process of selling my home with Offerpad was an exceptional experience, right from the beginning to the end!!! The initial professional I interacted with astounded me by thoroughly examining my property and subsequently extending an offer ... Surprisingly, the offer was well beyond my initial estimations and therefore, I immediately accepted it.” — Dean H., Trustpilot

“I recently had a transaction with Offer Pad that went so smoothly! They were easy to get ahold of and negotiate with. It turned out that the *** told us that the home needed exterior paint to be transferred into our buyers name (before we could close). I thought this would be a big hurdle but once it was called out it was taken care of quickly. I would work with Offerpad again.” — Lisa F., BBB

Offerpad’s negative reviews seem to indicate that the company sometimes presented clients with higher repair prices than they got from independent contractors. Also, some reviewers (who did not end up selling their home with Offerpad) mentioned a lengthy process before learning that their home did not meet the eligibility criteria.

“While this process may work for many people, for us it was very disappointing. Our home had been substantially upgraded and we presented all that information during the appraisal and video tour. Unfortunately, it seemed as though none of that information was considered in the offer. We declined the offer and put the house on the market. It sold it in 5 days for $85000 more than [Offerpad's]offer. ” — Edward, Trustpilot

Opendoor reviews

Opendoor reviews are mostly positive, with many sellers praising a stress-free experience and seamless communication with the team. Clients also appreciate the ease of the transaction and the ability to avoid listings and showings.

“Opendoor made selling our house a lot less stressful than the more ‘conventional’ way. The process was great and our account rep, Stefan, was outstanding. We highly recommend using this company.” — Vincent R., Trustpilot

“So far our experience has been awesome! Chloe has been excellent as our initial contact and the person who may stay with us through escrow closure. We expected to be very disappointed with their final offer after the initial offer looked too good to be true. However, when considering using our repair quotes and repainting quotes, at this point, Opendoor is competitive allowing us to avoid all the headaches of dealing with contractors and listing the property." — Robert B., Yelp

In Opendoor’s negative reviews, which represent a small portion of its reviews, customers tend to mention that their homes were evaluated lower than the price they received from realtors. Another sentiment seen in the negative reviews, is that the final offer was much lower than the initial offer and that the cost of repairs was exaggerated.

“I have been working with Opendoor to potentially sell my home to them. The initial ‘potential’ offer was good, then they came back with an offer that was $40,000 lower, subtracting the 5% surcharge, and the bogus $18,000 in repairs, and they would make over $120,000 on selling my home. My home is only 11 years old! We are the original owners. They told us we needed a new roof, no one even got up on the roof and the roof still has about 20 years left on it. … Glad I haven't signed anything with them.” — Nancy M., BBB

Offerpad vs Opendoor: Pros and cons

Company
Pros
Cons
Offerpad
  • Flexible closing timeline
  • 3 days free stay after closing
  • Free local move (up to 50 miles)
  • Pays lower than the market average
  • Less coverage across the country
  • 1% cancellation fee
Opendoor
  • Wider availability
  • No cancellation fee
  • 17 days of extended stay (paid)
  • Pays lower than the market average
  • Initial offer readjustment after inspection
  • No additional perks

The bottom line

Offerpad and Opendoor are the largest iBuyers in the U.S., allowing homeowners to sell their property quickly without the hassle of showings or negotiation with individual buyers.

Offerpad might be a better choice for those who might benefit from the company’s perks, such as a three-day extended stay or free local move. You might want to consider Opendoor if Offerpad is not available in your area or if you are unsure about the sale and don’t want to pay a cancellation fee.

If you want to sell fast, an iBuyer is not the only option. Clever Offers helps you find cash buyers in your area and see their offers for your home, with no obligation or commitment to sell. The 7-Day Sold program allows you to find the highest possible cash buyer for your home. Take a short quiz to get started!

FAQ

Both companies are iBuyers, which use a tech-driven approach to evaluate and buy properties from homeowners. Offerpad has an on-site inspection, while Opendoor oversees most of the process online. Opendoor has a more generous cancellation policy.

Both companies offer similar prices, slightly below the market average (80-85%). If you want to receive a fair offer for your property while saving on real estate commission, consider talking to a low-commission real estate agent.

It is possible to negotiate offers with Offerpad and Opendoor, but neither company adjusts their prices easily. You can ask for a second valuation if you believe the company made an error or overlooked major repairs or improvements.

With Offerpad, you can choose a closing date within 90 days after signing. With Opendoor, the closing date can be anywhere within a 60-day window. Offerpad allows a seller to stay in the home for up to three days after closing for free (a security deposit is required). Opendoor allows a seller to stay for up to 17 days but charges a daily fee and a security deposit from day one.

You can receive a preliminary offer from either Opendoor or Offerpad in as little as 24 hours. Offerpad can close in as few as eight days and Opendoor in 14 days, depending on your location.

It is possible to cancel the sale after accepting an offer when selling to either company. However, with Opendoor, you can back out of the contract for free, while Offerpad charges a 1% cancellation fee.