Opendoor Start Up Pitch Deck

Seller Data OUTLIERS Diligence Process and Key Adverse Selection Events Collect more data: We collect data about the seller and the home to inform our model. Home Offer Accepted Inspection/ Custom BPO Downside adverse selection: For a portion of homes, our AVM overvalues the home. Confirm Price We Accepted We Rejected Mitigation of downside: Inspections and custom BPOS identify the bulk of the homes that we overvalued, and confirm where the AVM was accurate and/or undervalued. Fund Cases we reject: We reject homes based on structural issues or poor home conditions not disclosed by seller. For every home we purchase, we ensure accuracy.

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