Opendoor Market Leadership and Valuation

Note: Demonstrated success in adding high margin services First proof point with title & escrow Title & escrow transactions (#) Adjacent services roadmap Established Target CM /home 82.9% 78.4% 75.8% 75.9% Title & Escrow $1,750 74.5% 80% 8,157 57.8% 7,031 Recently launched 5,394 60% 36.1% 4,720 3,951 40% Attach rate (%) Home Loans $5,000 Buy with Opendoor $5,000 21.6% 2,381 List with Opendoor $3,750 5.7% 1,134 510 103 Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Quarter since launch 20% To be launched Home warranty, upgrade & remodel, home insurance, moving services $7,500 Attach rate based on total acquisition and Resale Closes in markets where Company title product is active, beginning 3Q17 Active adjacent services Contribution Margin / home based on Company forecasts assuming $250K home. To be launched category reflects Company estimates 33

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