Opendoor Investor Presentation Deck

The traditional process is complex, uncertain, time-consuming, and offline Today, 86% of buyers and sellers use an agent, and this is their experience: Human intensive average of 5 visitors per listing Uncertain ~20% of transactions fall through Host several open houses 5+ showings Receive an offer for $330,000 Receive an offer, negotiate, and accept Miss out on dream home Make an offer with multiple contingencies Settle for available home Make offer with no contingencies Decide to move List for sale for $350,000 List on the market for months Buyer inspection An inspector finds issues with the home Wait for close Roughly 20% of deals fall through Note: Data sourced from National Association of Realtors and Multiple Listing Service data, filtered for Opendoor's buybox Finally move Find an agent Interview and find a listing agent Repair and prep Repair, renovate, and prep home on spec Negotiate repairs Seller has to negotiate the price or fix the issues Search for new home Visit 5 occupied homes Complex average of 6 counter- parties to manage Costly staging, repairs, and double-moves Slow upwards of 60 days on the market Overview 7

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