Jacksonville’s Most Trusted Cash Buyer

Cheating and Misleading? How Does Opendoor Really Work?

Freedom Home Buyers has always been committed to our clients because we understand how painstaking and expensive selling a home can be. After hearing that our competitor, Opendoor Labs Inc, owes $62 million to their clients for using “deceptive tactics,” we can’t help but wonder, how does Opendoor actually work

Freedom Home Buyers knows that not every Jacksonville homeowner has the luxury of going through the traditional sales process. Seeking out the perfect Realtor, making repairs, conducting deep cleaning, leaving for open houses and ultimately finding the right buyer can end up costing more time and money than you have available. 

For these reasons, online home selling has increased in popularity throughout the years. We get it – homeowners want convenience. 

how does open door company work

How Does Opendoor work? By Buying Low and Selling High

Opendoor knows this all too well. While they claim to make most of their profits from fully disclosed fees, the Federal Trade Commission found that wasn’t exactly the case. By using fake charts and misleading information, many consumers actually lost thousands of dollars by selling their homes to Opendoor (if those transactions even closed at all).

Unfortunately, there are many dishonest competitors in the online home buying industry. At Freedom Home Buyers, we can’t help but wonder, how does OpenDoor work as a successful business for so long by simply “low-balling” their customers?

The FTC alleged that Opendoor would use downward adjustments to the projected market value when giving a price to potential home sellers. They even used charts to show a projected value that a consumer would get through Opendoor versus a traditional realtor. However, the vast majority of people that sold their homes to Opendoor lost thousands of dollars.

Some of Opendoor’s marketing material presented state-of-the-art technology and cutting-edge innovation that “ensured” you always get the best-perceived market value.

“Opendoor promised to revolutionize the online house buying market,” stated Samuel LeVine, Director of the FTC’s Bureau of Consumer Protection, “but there is nothing innovative about cheating consumers.” Mr. LeVine even went as far as saying, “Opendoor built a business out of old-fashioned deception about how much consumers could earn by selling their homes on the platform.”

In contrast, Freedom Home Buyers takes all the pressure out of selling your house the non-traditional way without a Realtor and we want you to know that there is still a name you can trust in non-traditional home sales. We are well funded, offer fair and honest prices and actually complete transactions that every party is happy with.

If you’re in Jacksonville Florida, or the surrounding areas, and want to find out what your house is really worth in order to sell it fast, call Freedom Home Buyers today for a free consultation. There is absolutely no obligation from you in the future, but know that many homeowners are delighted with our straightforward and pain-free process.

We know that not everyone selling their home online is doing so because they want to. Freedom Home Buyers understands that a lot of people need to sell their homes in days, rather than weeks or months due to other circumstances. The main factor is the condition of their home and the desire to avoid paying high real estate agent commissions.

With so many families struggling, we stopped asking ourselves “How does Opendoor work?” and started wondering how the folks at Opendoor can sleep at night while knowingly cheating their clients.

Freedom Home Buyers Works For You.

There are many reasons you may want to sell your home “as-is” outside of the traditional listing process. Maybe you’ve gained your home through an inheritance and are looking for the sale to be as fast and painless as possible. Perhaps you have an elderly family member that has asked you to handle the sale of their home and the house is in need of repairs.

There are many changes that can occur in a person’s life that can force them to sell their house and the last thing they should have to worry about is getting scammed.

Freedom Home Buyers has built a reputation for treating people with dignity and taking the confusion out of selling your house online. Even if your home isn’t show-ready, we want to take the stress out of the entire process. 

Our offers are not only fair and fast, but we buy your home directly from you and with cash. We have gained a reputation for being experienced real estate investors that treat their customers well. 

Freedom Home Buyers is here to let the consumer know that we are a reliable option for anyone that needs to sell fast or finds themselves in financial hardship, behind on property taxes, facing foreclosure or with liens on their house. Unlike Opendoor, we give you real-life, up-to-date market value on your home.

Whether you’re ready to sell today or just curious about how much your home is worth, Freedom Home Buyers is ready to answer any questions that you may have. Even if you think your home is in no shape to sell, Freedom Home Buyers purchases homes in almost any condition (even vacant houses or homes facing condemnation). 

For a local Jacksonville name you can trust and a price you deserve, reach out to Freedom Home Buyers today. 

Consultations are always free and there’s never any pressure from our real estate staff. Selling your home should be on your terms. 

Freedom Home Buyers is here for you every step of the way. Ready to talk? Reach out today.

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Who Is Freedom Home Buyers

Freedom Home Buyers is a local Jacksonville company with the experience in purchasing real estate. We have nearly 1,000 deals in the last 8 years. Unlike some “Cash For Houses” businesses, we are an established member of the Jacksonville community. Our office is located in the historic Riverside district @ 1605 King Street. We have a full staff of trained professionals to help you with your real estate needs. We are BBB ACCREDITED. You can be rest assured that Freedom Home Buyers can help solve your real estate problems.