Offerpad vs Opendoor: Which iBuyer Is Better?
Both Opendoor and Offerpad offer instant cash offers on your home, but there are meaningful differences in their fees, processes, and the net proceeds you can expect. Here is a detailed comparison to help you decide.
Side-by-Side Comparison
| Feature | Opendoor | Offerpad | |---|---|---| | Service Fee | 5% | 5% | | Closing Timeline | 14-60 days | 8-90 days | | Coverage | 50+ markets | 30+ markets | | Offer Validity | 7 days | 4 days | | Flex Option | No | Yes (list + backup offer) | | Repair Approach | Deduct from offer | Deduct from offer |
Both Charge
5% Service Fee
plus repair deductions and closing costs on top
Key Differences
Offerpad Flex
Offerpad's Flex program is unique: it lets you list your home on the open market with a guaranteed backup iBuyer offer. If your home sells on the market, you pay a lower fee. If it does not sell, you can fall back to the Offerpad offer.
Coverage Area
Opendoor operates in more markets than Offerpad. If you are in a smaller metro, Opendoor is more likely to be available.
Closing Flexibility
Offerpad offers more flexibility on closing dates, with options ranging from 8 to 90 days. Opendoor's range is 14 to 60 days.
Which Nets You More?
In practice, offers from both companies are competitive. The best approach is to request offers from both and compare. Our calculator helps you see exactly how each compares to traditional selling methods.
The Verdict
If both are available in your market, request offers from each. Offerpad's Flex option gives it an edge for sellers who want the security of a backup offer while trying the open market first.