First, Opendoor wanted to make it easier to buy or sell a home. Now, it wants to make it possible to return one.
The online real estate startup will start giving homebuyers who use its service a 30-day window to return a home, a rarity in the real estate industry. Homebuyers will be able to return the home and get a refund, minus closing costs, for any reason during the first month, Opendoor CEO Eric Wu said in an interview.
"Whether it's the noise, commute time, or your neighbors are different than you expected — you can return the home," he said. "Every home buyer should love the home they just purchased."
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