Are real estate auctions an alternative to Opendoor?

  • Opendoor’s greatest challenge is the same one that any discount or flipping model faces -- surviving the next downturn.
  • When most agents think of auctions, they think of distressed properties and being shut out of the commission. This is no longer the case.

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According to Brad Inman and Wall Street, Opendoor is one of the hottest companies to watch in 2017. There’s a more important trend afoot, however.