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Regional settings| Spread | 0.05 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ US$5,000.00 Short position overnight fee ~ US$4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ US$5,000.00 Short position overnight fee ~ US$4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
Information_provided_by_capital
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 2.04 |
| Open | 2.05 |
| 1-Year Change | 56.49% |
| Day's Range | 2.05 - 2.18 |
Opendoor Technologies Inc. (OPEN) is a digital platform specialising in residential real estate. Founded in 2014 and headquartered in San Francisco, California, the company enables consumers to buy and sell properties online along with title insurance and escrow services.
The Opendoor platform allows buyers to submit an offer directly or through a real estate agent, but the buyer needs to be pre-approved for financing from a mortgage lender before submitting an offer.
When selling a house on Opendoor, sellers can negotiate the final sale price of the property and the cost of repairs. The platform charges a non-negotiable 5% service fee to ensure that the company profits from each purchase.
Opendoor focuses on middle-market homes, the prices of which are more predictable than luxury or distressed houses. The platformenables buyers to get a preview of a house using its mobile application and provides a detailed explanation of how the final selling price was arrived at.
The platform gauges the qualities of the house, the neighbourhood and the prices of neighbouring properties over time to decide on pricing. Its machine-learning algorithm accounts for minor details such as marble countertops, real hardwood flooring, patio space and other features, which is followed by the final physical inspection.
Opendoor went public through a merger with a special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings II in December 2020. It is listed on the NASDAQ under the ticker symbol ‘OPEN’.
