Congratulations D & C on the purchase of your OpenDoor listing in Highlands Ranch! For those of you not familiar with OpenDoor, it’s an "instant offer, cash buyer" company commonly referred to as an iBuyer. Their business model works beautifully in an appreciating market, where OpenDoor buys a property with the hope of selling at a higher price thus capturing a gain. In a market like the one we have today where home prices are retreating from their record highs, OpenDoor is dumping their inventory of homes they bought when the market was at its peak and now have to sell low. OpenDoor's loss is D & C’s gain!