[gregman]

Agreed. iBuying is a business and your paying for the convenience of them taking your home as-is. Even though their offering price is lower than what you'd receive from selling with a realtor, you still end up spending 10-15% of your home value when selling the traditional way.

source: https://www.redfin.com/blog/how-much-does-it-cost-to-sell-a-...

[mbesto]

> iBuying is a business and your paying for the convenience of them taking your home as-is

If that was the case then OpenDoor wouldn't have "asked sellers to pay for home repair costs that were higher than what people would typically spend on repairs in a market sale".

That's not my definition of "as-is", is it yours?

[gregman]

Well no, but I'm curious what the FTC's studies of that were. There are plenty of reviews of OpenDoor (check Reddit) where reviewers stated they just needed to clean out their house. I'm guessing OpenDoor has a certain standard for agreeing to buy a home, and some homes they ask to do repairs would otherwise have been turned away.

[TuringNYC]

>> I'm guessing OpenDoor has a certain standard for agreeing to buy a home, and some homes they ask to do repairs would otherwise have been turned away.

This seems fair to me, there is no guarantee that when selling a home on the market, buyers wont similarly ask for repairs or dollar concessions for repairs.

[jen20]

Given that two different houses owned by OpenDoor that I looked at smelled of cat pee, I'm not really sure what standards they had.