We got a bid from OpenDoor and some other place last year...mainly to get someone to do an inspection, and show us what we MIGHT consider fixing before listing, to assure a bidding war when we did list.
Both were a freaking joke.
Opendoor actually took two weeks for a hard offer. They took comps and elaborately detailed every possible thing that would make new construction superior to used, without providing credit for items that would make used superior to new construction. (Like $7,500 of < 2yo premium mini blinds, $2,000 worth of overhead garage shelving units, water softener, and multiple other items.
The "estimated" repair cost was based on a goofy list of items. Most of the estimates were high. 95% of the items did not need to be done to sell the house in the 2021 market.
We already had a roof inspections. It was 9 years old, but no problems. First item on their list was $17,000 for a new roof.
Painting the entire interior. We had already repainted 75% of the interior walls a neutral color
Every... everything the could find was listed and a deduction take for it. Think making a punch list on a final inspection prior to closing on a new construction custom home.
Opendoor started with "comp valuation" of $294,xxx and found over $30,000 of work they said would have to be done before they sold, plus taking off their service fee (I think that was 5%). They were willing to write us a check for $247,000. The home sold a month later, listed $315, sold for cash, with no option, inspection, or appraisal, after 2 days on the market, for $329,500. We spent about $2000 staging and replacing a couple of GFCIs