Institutional Offers
OpenDoor
Link to Submit for an Offer:
Criteria For Their Purchases
- Complete the link
- Submit a Virtual Walkthrough Video
- 100-600k average but will go up to 1.6 million in the right market
- No mobile or pre-fabricated homes
- Lot size maximum of 2 acres
- Not in a flood zone
- Unpermitted additions could impact their ability to purchase
- Foundation issues, polybutylene plumbing, well or septic may impact their ability to purchase
Payment: 1% on top of Listing commission
Client Representation only
Offerpad
****Website references “your client”
Link to Submit for an Offer:
Criteria For Their Purchases:
- Complete the link
- Submit a Virtual Walkthrough Video or photos
***Response within 24 hours
Payment is 3% Referral Fee – See below
*Referral Fee Qualifications: (1) The property cannot be listed on the MLS within 30 days from the time of submission, while under contract, or after COE; (2) The agent or current homeowner has not submitted a request to Offerpad on the property within the last 30 days; (3) The agent must present current interior and exterior pictures at the time of offer submittal (previous listing photos do not qualify); and (4) The agent must be identified in the offer request, continue to represent the seller, be available throughout the process, and the sale must successfully close. Agents with current sellers listed on the MLS may still request an offer, however they will not be eligible for a referral fee.