"At Opendoor, we're all about simplifying consumers' lives, Lauren West, Opendoor's head of creative marketing, said in a statement By using technology to modernize the real estate process, we can help more consumers achieve their homeownership aspirations. Homebuyers across the country are currently struggling with affordability, which Opendoor says has caused many prospective buyers to turn to cash registries to help raise funds for things like a down payment or major property renovations."
"The iBuyer's cash registry product has four options for consumers to choose from, including a First Home Fund, a Home Improvement Fund, a Room to Grow Fund, and a Work from Home Fund. Users may select one of these pre-set registries or create their own. They can then send out a personalized registry link to friends and family. Raised funds can be transferred into a user's bank account via an ACH transfer, according to the release."
Opendoor launched a cash registry product to help consumers raise money for homeownership and related projects. The product offers four preset registries: First Home Fund, Home Improvement Fund, Room to Grow Fund, and Work from Home Fund, plus a customizable option. Users create a personalized registry link to share with friends and family. Collected funds can be transferred to a user's bank account via ACH. The offering responds to nationwide affordability pressures and reflects consumer preference for cash gifts to fund major life goals like buying a home.
Read at www.housingwire.com
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