Opendoor Investor Presentation Deck

Current process is complex, uncertain and time-consuming Complex average of 6 counterparties to manage Uncertain ~20% of transactions fall through Slow upwards of 50 days on the market Human Intensive average of 12 visitors per listing Costly staging, repairs and double moves Today, 89% of buyers and sellers use an agent, and this is their experience: > Decide to move Receive an offer for $330,000 Receive an offer, negotiate and accept Buyer inspection An inspector finds issues with the homes. Settle for available home Make offer with no contingencies Find an agent Interview and find a listing agent Host several open houses 12+ showings Negotiate repairs Seller has to negotiate the price or fix the issues Miss out on dream home Make an offer with multiple contingencies Repair and prep Repair, renovate and prep home List for sale for $350,000 List on the market for months Search for new home Visit 12 occupied homes Wait for close Roughly 20% of deals fall through Finally move

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