is it in the same business as opendoor?

Sundae and Opendoor operate in the same real estate industry but offer distinct services and focus on different aspects of the market. 1. **Sundae's Business Model**: - Sundae specializes in helping homeowners sell their houses off-market for the highest price possible. It connects homeowners with local investors who bid on properties in an auction-style format. - Sundae's platform is designed for homeowners who want to sell their properties quickly and efficiently, without the need for repairs or listing fees. 2. **Opendoor's Business Model**: - Opendoor is a digital real estate platform that buys, sells, and exchanges homes. It uses algorithms to assess properties and make swift cash offers to homeowners, which it then resells for profit. - Opendoor focuses on purchasing homes directly from homeowners, often doing small renovations or maintenance, and then trying to sell them for a profit. 3. **Key Differences**: - Sundae does not buy homes itself but connects homeowners with investors, whereas Opendoor is an iBuyer that purchases homes and resells them. - Sundae's business model is more focused on providing a service for homeowners to quickly sell their properties, while Opendoor's model is centered around generating profits from buying and reselling homes. 4. **Market Positioning**: - Sundae targets homeowners who need a quick and efficient way to sell their properties, often in situations where the home needs repairs or is in poor condition. - Opendoor operates in the competitive real estate buying and selling market, aiming to profit from the buying and selling of homes in a fluctuating market. In conclusion, while both Sundae and Opendoor are involved in the real estate industry, they serve different segments of the market and operate with distinct business models. Sundae focuses on providing a platform for homeowners to sell their properties quickly and efficiently, while Opendoor is an iBuyer that purchases and resells homes for profit.