It’s a full circle moment years in the making, but iBuyer giant Opendoor has officially launched in the San Francisco Bay Area.
The company made the announcement Tuesday, noting Opendoor’s founding took place in a one-room San Francisco office just eight years ago. Now, the Bay Area joins more than 44 other markets in the U.S. served by Opendoor.
“Currently, Bay Area houses built after 1940 and valued between $400,000 and $2.5 million are eligible for purchase,” the release announced. “Homeowners can have their home virtually assessed, decide if they’d like to move forward with the offer, and choose their closing date—so they can move on to their next chapter with ease.”
Opendoor says it is now able to purchase roughly 60 percent of homes in the Bay Area, with coverage spanning more than 200 ZIP Codes in several counties from Sonoma to Santa Clara.