Photo: Michael Wyke / Contributor
Companies that make instant online offers to buy homes directly from sellers, known as iBuyers, stopped buying homes in March as the pandemic worsened. Now Opendoor has resumed, touting its open house-free sales process as a way to maintain social distance.
The real estate startup’s founder, Eric Wu, announced on the company’s blog that the move would provide “a digital and safe experience … eliminating any in-person contact.” Opendoor in the past would send over an inspector to evaluate a property before closing on the home. Now that step will be conducted virtually.