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by azirbel 3392 days ago
I'd say the main direct effects were (1) we were able to iterate very fast on our internal tools, which are used by internal operators to manage each transaction; and (2) our data science setup has allowed us to price homes incredibly accurately. Many companies have estimates of a home's value, but Opendoor puts its money where its mouth is ;)

Happy to answer any more questions about it.

1 comments

I am actually building a business on real estate appraisal in Argentina (reva.com.ar), building many of the tools you mention to get the most accurate representation of values of homes. Im quite surprised you got it so well that can build a business around buying thehomes yourselves.

Would you be willing to share an email so i can ask you a couple of questions if appropiate?

Sure! My email is alex@opendoor.com.