Home sellers are now prioritizing ease of sale, Opendoor CEO says
Sixty-five percent of first-time home sellers say they would have been willing to accept 20% less to avoid the stress of preparing their home for sale, according to Opendoor (OPEN), an online residential real estate platform. Opendoor CEO Carrie Wheeler joins Wealth with Madison Mills to discuss the state of the current housing market for sellers and buyers. "[Nearly] two-thirds of sellers saying they would have taken something less to avoid the traditional listing process of getting your home ready for sale, staging it, going through the uncertainty of the offer process, exposing yourself to the risk of fall through where one in four buyers are falling through on contract," Wheeler tells Yahoo Finance. The CEO says the finding signals "that while maximizing price for sure is a priority for home sellers, this generation of sellers are also looking to prioritize convenience and certainty, particularly in this market that's been really tough for home sellers." Watch the video above to hear from Opendoor CEO Carrie Wheeler about the housing market, including challenges for buyers, homebuying seasonality, and more. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.
