On May 21, 2025 OpenDoor, the largest Cash Buyer in the U.S., had sent an email that they had updated their cash offer for 20054 Holt Ave to $283,800.
What Open Door didn’t realize was that the property had sold 10 weeks prior and closed on March 14, 2025 for $318,000.
So let’s do a quick math:
List price: $317,900
Open Door Offer: $283,800
Guaranteed Highest Offer: $318,000
Difference between Cash Offer vs. Guaranteed Highest Offer: $34,200