Opendoor could be heading to Charlotte, Minneapolis and Nashville soon.
The iBuyer posted open job listings for general managers in the three cities. Right now, the startup operates in six major markets: Phoenix, Dallas-Fort Worth, Las Vegas, Atlanta, Orlando and Raleigh-Durham.
“The General Manager—Nashville will have ultimate responsibility for our success in Nashville,” Opendoor’s Nashville job listing says. “The General Manager— Nashville will lead a cross-functional team to drive growth, ensure a delightful customer experience for both sellers and buyers, and oversee efficient daily operations that produce beautiful homes, as quickly and efficiently as possible.”
Opendoor is also hiring a “city launcher” based out of San Francisco–the home of its headquarters, but not any listings–who scopes out new markets.
Opendoor is one of the leading startups that will buy a seller’s home from them rapidly online, so the seller can get their equity out right away to purchase their next home. Opendoor charges a higher fee than a traditional real estate agent for that convenience–an average of 6.7 percent but up to 12 percent depending on Opendoor’s analysis. Opendoor then lists the homes it buys for sale on its website.
The company was founded in 2014 and has raised $320 million in funding so far.
“We’re eager to bring the Opendoor experience to homeowners across the U.S. and expect to more than double the number of cities we’re in by the end of this year,” Opendoor spokeswoman Heather Staples told Inman in response to questions about new cities. “While we’re in the early stages of development in several markets, we don’t have anything to announce regarding new markets just yet.”
Opendoor at one point pledged to expand to 10 new markets in 2017 and nationally in 2018 but has so far fallen short of those goals.
Opendoor’s iBuyer competitor Knock set up shop in Charlotte last month and plans to reach 10 cities this year, including Opendoor markets Raleigh, Phoenix and Orlando.
