Opendoor reviews

3.1

45% would recommend to a friend

(937 total reviews)

Kaz Nejatian

36% approve of CEO

29% positive business outlook

Opendoor has an employee rating of 3.1 out of 5 stars, based on 937 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Opendoor employee rating is in line with the average (within 1 standard deviation) for employers within the Bienes raíces industry (3.8 stars).

Reviews by job title

937 reviews
4.0
Apr 17, 2020
Recommend
CEO approval
Business Outlook

Pros

Strong leadership team, customer-focused, ambitious. SF office is very nice and in good location. High quality people, healthy corporate culture, performance oriented.

Cons

The macro economy is a concern right now (April-May 2020). The significant lay-off 35% just happened - lots of talented people lost their jobs, myself included. The affect of covid-19 is not clear yet on the housing market, credit markets in general, consumer behavior, unemployment, etc. To sell/buy houses people should not have fears about their health; they need jobs, income, good-standing credit, etc. None of that materialized yet.

5.0
Jun 7, 2019

Room to Grow

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- It's a family. I've found that people truly care about one another here and genuinely want to help each other succeed - both personally and professionally. I love coming to work surrounded by incredibly smart, kind individuals. -Customer-centric company. The customer is always first and that is an extremely important value to me in a company. - Product is innovative and disruptive. Opendoor is well positioned to be the industry leader and truly change how people buy and sell their homes. It's a good time to join. - There is SO much opportunity to improve process and how we operate as a business. For those who enjoy that challenge, this is an incredible place to make an impact (and quickly). -Transparency. I'm actually shocked at how much the leadership team shares with employees -- the amount of financial detail and insight into the business that the team shares has personally been a huge shock for me and my previous companies. They even share details from board meetings -- I think there's a lot of trust in employees (frankly, I think they will need to reel it in soon) and I see authenticity in how our leaders share and react to changes in the business. -I have a LOT of faith in the business and the leadership team. I can sense a genuine respect and fondness among the e-team so that even when they don't agree, they are supportive of one another and only want what's best for the company.

Cons

The company experienced an INSANE amount of growth in one year (borderline reckless growth). So there are a lot of functions and internal processes that haven't been built properly to support the current size of the company. This is very much felt within nearly every team at Opendoor. Onboarding is a mess. The business, product, and how we operate is SO COMPLICATED. I've been here for months and still learn new things about the business every day. I think there are some mid-management issues and people don't have an opportunity to provide anonymous feedback against smaller micro-aggressions happening around the office. There are some pretty unqualified people in certain roles - I think there's some favoritism in certain teams (not too overt, though) and people have been prematurely promoted or given responsibility simply because they've been here longer or because no one else was doing it. There's an opportunity for org design and better recruitment policies. I'm not impressed with the benefits offerings here. I would have thought that a tech company in San Francisco would invest more in retaining talent. I would also say that the HR team is extremely small and in an infancy stage to support the size and growth of the company.

avatar
Opendoor Response
6y
Thank you for the review. The team appreciates the feedback. We revisit health/wellness offerings each year and gather input during enrollment time. Good suggestion around offering perks that don’t involve investments. Be sure to share you ideas when we launch the survey.
5.0
Oct 21, 2018

Amazing company

Recommend
CEO approval
Business Outlook

Pros

Opendoor is a living, breathing model of a consumer focused, and employee caring company. Where do I start.... base pay is great, stock options are a great bonus, bi-yearly bonus is a nice bonus, free catered lunch every day that’s actually great quality, unlimited vacation, amazing healthcare benefits, ability to work from home when I need to, and the twice a month company wide meeting we have is awesome because we get to learn what’s going on at the executive and board level every time and get to ask any question we can think of. So cool and very transparent about our goals, results, new markets, what’s not going well, amazing! Last an most important the people at this company are truly inspiring. They love what they do and they love working with the people around them.

Cons

.......crickets. Work can be demanding but when you love real estate and the people you’re working with I really find nothing to complain about even when I’m working a few hours each weekend.

Viewing 79 - 81 of 937 Reviews

Glassdoor has 1,060 Opendoor reviews submitted anonymously by Opendoor employees. Read employee reviews and ratings on Glassdoor to decide if Opendoor is right for you.