Opendoor | Proptech Talk Thursday #8

Welcome to my new PropTech Talk Thursday series to take a look and provide my candid thoughts on new Proptech businesses. These could range from products to companies leveraging technology to improve all facets of real estate. The Real Estate industry is one of the slowest to adopt technology but there are many opportunities along with money chasing these opportunities. Did you know that there is the option to sell your home online in some cities across the US without working with an agent? Let’s talk about the iBuyer movement and the largest of them all, Opendoor.


Based in San Francisco, CA, Opendoor has raised more than $1.5B in funding to date. Just a week ago, Opendoor made a deal with Chamath Palihapitiya to go public via a $4.8B SPAC deal. They are a newer breed of real estate company whereas Zillow and Redfin transformed how consumers searched for properties, Opendoor actually buys properties directly. They are an iBuyer that buys homes in cash based on their own algorithm. They deal with single-family homes built after 1960, priced between $125,000 and $500,000. But don’t try to sell them complete fixers as they disregard distressed properties, which require too much work, or more expensive properties, which are harder to value. Sorry Bay Area! ;)


So, how does it work? Property owners enter in information about their homes along with a bid on the online platform. When a bid is accepted, Opendoor purchases the property as-is, charging a fee slightly above the commissions real estate agents collect in return for the convenience of closing a sale quickly. They take a service fee of 6%, which is similar to the standard real estate commission, plus an additional fee that varies with its assessment of the riskiness of the transaction and brings the total charge to an average of 8%. They then improve and repair the property before relisting it. They are holding literally thousands of homes at a given time since when they acquire the home, they are the owners. Think of them like a flipper, but on steroids with a ton of capital.


Now this seems great, right? No Realtor, no showings, just some rich company buying your home. While the costs are a little higher than working with a Realtor, your net is likely significantly lower. Remember, that you are not selling what the market will pay for the home but what one company is willing to value. These companies want/need margin for each home so are you actually netting the most amount? Unlikely. The concept of buying direct has been going on for decades. I can buy your home in all cash if you allow me to. It doesn’t mean I or any investors would be willing to pay market but if you wanted the convenience, that can be done today. However, the margins they ask for is much lower than investors given their massive volume and huge capital war chest.


Summary: If you want a quick and convenient way to sell your home, Opendoor and Ibuyers are great options for that. If you want to sell for top dollar, go with a top Realtor in your market in place. Tell me what you think and if you would sell directly to one of these companies.

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If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

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My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Episoder(362)

Bay Area Changes You Can't Ignore [2025 News & Updates]

Bay Area Changes You Can't Ignore [2025 News & Updates]

🚨 MASSIVE Changes Are Coming to the Bay Area in 2025 — Here's What You Need to Know 🔨🏟️🏡From Super Bowl 60 to the FIFA World Cup, and from major zoning overhauls to billion-dollar tech expansions, the Bay Area is undergoing a transformation like never before. In this video, we’re going county by county, spotlighting the biggest new projects, future housing plans, and the real-world impacts these changes could have on homeowners, buyers, and investors across Northern California.Whether you're buying, selling, or holding — this is your 2025 roadmap.📍 What You’ll Discover in This Video:✅ The $10M revival of San Francisco’s Kezar Stadium✅ Why Levi’s Stadium will host two global events — with zero taxpayer dollars✅ Bishop Ranch’s shocking suburban reinvention in San Ramon✅ San Mateo’s retail-to-residential revolution at Hillsdale Mall✅ Santa Clara’s rise as an AI and EV infrastructure leader✅ East Bay’s push for wildfire safety, housing density & family-focused parks✅ Dozens of housing, transit, and tech expansions reshaping the region🌉 This isn’t just construction — it’s the future of life in the Bay.📞 Want to make a smart move before the market shifts?Text "STRATEGY" to (408) 547-4590 or use the link below to book a free consultation.✨ Subscribe for weekly deep dives into Bay Area housing, city updates, new listings, and real estate insights from a top-producing team.📲 Call or Text: (408) 547-4590📩 Email: spencer@spencerhsu.com🌐 www.homesbyspencerhsu.com#BayAreaRealEstate #BayArea2025 #CaliforniaHousingCrisis #NewDevelopments #SanFranciscoZoning #SiliconValleyRealEstate #LevisStadium #BishopRanch #SiliconValleyTech #ContraCostaHousing #BayAreaGrowth #SantaClaraHousing #SanMateoHousing

23 Jul 18min

Living in Downtown Fremont, CA | Full Neighborhood Tour

Living in Downtown Fremont, CA | Full Neighborhood Tour

What’s it like to live in Downtown Fremont, California?In this series, we explore the most desirable communities across the Bay Area — giving you an insider’s look at where locals live, work, and play. Whether you’re relocating, investing, or just exploring your options, this is the BEST vlog series for understanding the lifestyle, real estate, and amenities in top Bay Area neighborhoods.This week, we’re heading to Downtown Fremont — one of the Bay Area’s most underrated city centers. With walkable streets, Central Park and Lake Elizabeth just blocks away, and a full downtown masterplan in motion, Fremont is becoming a serious contender for anyone looking for peace, connectivity, and long-term upside.🚪 Featured Home Tour: 39947 Michelle Street3 bedrooms | 1 bathroom | 950 sq ft | 6,000 sq. ft. lotLocated in the heart of Downtown Fremont, this single-story home is perfect for first-time buyers, investors, or anyone seeking a low-maintenance lifestyle near Silicon Valley. With a freshly painted interior, a spacious backyard, and proximity to schools, shopping, and major employers — this property checks all the boxes.🏞️ Why Downtown Fremont?You’re minutes from Central Park, Fremont BART, the Fremont Hub shopping center, and Capitol Avenue’s growing retail scene.The area is undergoing a massive transformation with new restaurants, tech campuses, and mixed-use developments — including 1,500+ new homes and 27,000 sq. ft. of retail underway.From community events at the Downtown Event Center to kayaking at Lake Elizabeth, Fremont is redefining what “downtown living” looks like in the Bay.📍 Quick Commute Access🚗 20–30 min to Silicon Valley, Menlo Park, or Oakland🚆 Close to Fremont BART🏫 Local schools include Durham Elementary, Walters Middle, and JFK High SchoolWhether you're looking for your first home, a retirement-friendly space, or a rare investment under $1.1M — this Fremont home might be your perfect starting point.🗓 Want to schedule a private showing or consultation?📆 Book a time that works for you → https://www.calendly.com/spencerhsure📞 Or call us directly at (408) 547-4590🌐 Visit: https://www.homesbyspencerhsu.com/💬 Questions about buying or selling in Fremont or anywhere in the Bay Area? Let’s connect — I’ve helped over 60 families in the past year and would love to help you too.#FremontRealEstate #BayAreaHomes #MichelleStreet #FremontCA #DowntownFremont #SpencerHsuRealEstate #RelocateToCalifornia #HomeTour #SiliconValleyLiving #FirstTimeBuyer #BayAreaLivingSpencer Hsu is a Bay Area Real Estate Agent and Relocation Specialist with eXp Realty LLC. Serving the entire Bay Area, Spencer helps busy professionals find the right home by leveraging tech, data, and deep local expertise.📲 Call / Text: (408) 547-4590📧 Email: spencer@spencerhsu.com🌐 www.homesbyspencerhsu.com💥 Follow Spencer on Social Media 💥→ Instagram: @spencerhsure→ LinkedIn: Spencer Hsu

16 Jul 9min

Living in Newark CA — Starter Homes Near Meta, Tesla, and Stanford!

Living in Newark CA — Starter Homes Near Meta, Tesla, and Stanford!

Ever wondered what it’s like to live in Newark, California?In this series, we take you through the most desirable cities in the Bay Area — so you can experience what life is really like for local residents! Whether you’re looking to relocate, invest, or upgrade, this is the BEST vlog series to learn about top Bay Area communities — from schools and homes to dining, lifestyle, and commute access.This week, we’re touring Newark — a small but strategically located city near Meta, Tesla, and Stanford. Known for its suburban feel, diverse food scene, and family-friendly neighborhoods, Newark is becoming one of the Bay Area’s most realistic entry points for first-time homebuyers and growing families.🚪 Featured Home Tour: 7886 Hermitage Avenue5 bedrooms | 3.5 bathrooms | 2,268 sq ft | 7,280 sq. ft. lot Tucked into one of Newark’s most established neighborhoods, this home offers charm, space, and a smart layout perfect for families or remote professionals — just minutes from Sprouts, local parks, and Dumbarton Bridge access.🏞️ Newark may be under 14 square miles, but it packs a punch:You'll find new developments, quiet suburban streets, over a dozen public parks, and local gems like NewPark Mall and the Don Edwards Wildlife Refuge. Whether you’re commuting to Silicon Valley or just want room to grow, Newark offers serious value — without sacrificing location.Whether you're relocating from out of state or looking for a starter home that actually makes sense in the Bay Area, Newark is a must-see.🗓 Want to schedule a time for a free consultation?Find a time that works for you → https://www.calendly.com/spencerhsure📞 Or call us today at (408) 547-4590🌐 Visit: https://www.homesbyspencerhsu.com/💬 Questions about buying or selling in Newark or anywhere in the Bay Area?Let’s connect — I’ve helped over 60 families in the past year and would love to help you too.#NewarkRealEstate #BayAreaHomes #HermitageAvenue #TriCityLiving #BayAreaRealtor #RelocateToCalifornia #HomeTour #NewarkCA #SiliconValleyRealEstateSpencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME:Call / Text: (408) 547-4590DRE 02077253Email: spencer@spencerhsu.com🌐 www.homesbyspencerhsu.com💥 Follow me on Social Media 💥→ Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/

11 Jul 13min

Every Menlo Park Neighborhood EXPOSED — Prices, Schools & Lifestyle

Every Menlo Park Neighborhood EXPOSED — Prices, Schools & Lifestyle

🚗 FULL DRIVING TOUR of MENLO PARK — What It’s REALLY Like to Live Here in 2025Ever wondered why Menlo Park is home to tech giants like Meta and SRI International — and still feels like a small-town community? In this exclusive video, I’ll take you on a full driving tour through one of the Bay Area’s most powerful (and misunderstood) cities.Whether you’re working with a $1M budget or looking for a $7M dream estate, this video breaks down every corner of Menlo Park — from entry-level neighborhoods like Belle Haven to luxury enclaves like Central Menlo and Sharon Heights.📍 What You’ll See in This Tour:• Meta HQ & tech campuses• Every major neighborhood — with real addresses and home prices• Hidden value pockets like The Willows & Linfield Oaks• Condos, townhomes, and single-family options from $999K to $9M• Local parks, restaurants, schools & more🏡 Featured Neighborhoods Include:Belle Haven • Suburban Park • Menlo Oaks • Vintage Oaks • The Willows • Linfield Oaks • Felton Gables • Downtown • Allied Arts • Central Menlo • University Heights • Sharon Heights🔍 Whether you're relocating, investing, or just curious about life in Silicon Valley — this is your insider’s guide to Menlo Park real estate in 2025.📞 Want help buying or selling in Menlo Park?Schedule your free consultation → https://calendly.com/spencerhsure📧 Contact: spencerhsure@gmail.com🌐 Website: https://www.homesbyspencerhsu.com💡 Don’t forget to subscribe for weekly Bay Area real estate tours and tips!#MenloParkRealEstate #BayAreaHomes #SiliconValleyRealEstate #HomeTour #MenloParkTour #MovingToBayArea #CaliforniaRealEstate #PacificaHomes #TechRealtor #SpencerHsu

3 Jul 48min

Housing Market Trouble in the Bay Area? See the July 2025 Data

Housing Market Trouble in the Bay Area? See the July 2025 Data

🏠 Bay Area Housing Crash? Here's the Data.Is the Bay Area real estate market heading for a crash — or is this just another correction? In this video, Spencer Hsu breaks down the most current housing data as of July 2, 2025, to help you make sense of what’s really happening.From price trends and inventory shifts to buyer demand and interest rate impacts, this is the no-fluff analysis you need to plan your next move — whether you're buying, selling, or investing in the Bay Area.📊 What You’ll Learn in This Video:✅ Are home prices going up or down?✅ What’s happening with new listings and inventory?✅ How interest rates are affecting buyer behavior✅ Key local market trends across Silicon Valley & San Francisco✅ Spencer’s strategy tips for 2025 buyers & sellers📞 Need help planning your move or investment strategy?Text “STRATEGY” to (408) 547-4590 for a free consultation with Spencer.✨ Subscribe for weekly market updates, listing tours, and expert Bay Area insights.#BayAreaHousingMarket #BayAreaRealEstate #HousingCrash2025 #CaliforniaRealEstate #SpencerHsuRealEstate #RealEstateMarketUpdate #SiliconValleyHousing #HomePrices2025 #HousingData #MarketShift

2 Jul 8min

Before You Work With a Realtor… WATCH THIS (Full Contract Breakdown)

Before You Work With a Realtor… WATCH THIS (Full Contract Breakdown)

🤝 When Do You Officially Commit to a Realtor? Here's What You Need to KnowWhether you're a first-time homebuyer or you've been through the process before — knowing how and when to commit to a real estate agent is crucial for a smooth and successful transaction.In this video, Spencer Hsu breaks down:• What it means to “commit” to a Realtor• The role of a buyer representation agreement• How to choose the right agent for your needs• Why that commitment benefits YOU as the client• What red flags to avoid when working with a RealtorIf you’re browsing listings, going to open houses, or just starting to explore your options — this guide will help you understand the client-agent relationship before signing anything.📄 Curious what the contract looks like? We’ll walk you through the key sections and explain your rights as a buyer or seller.💬 Thinking of making a move? Our team would love to earn your trust and guide you through the process.📞 Call or Text: (408) 547-4590📩 Email: spencer@spencerhsu.com🌐 www.homesbyspencerhsu.com🗓 Book a free consultation → https://www.calendly.com/spencerhsure✨ Subscribe for weekly Bay Area real estate advice, home tours, and market updates.#WorkWithARealtor #CommitToARealtor #BayAreaRealEstate #BuyerRepresentation #RealEstateAdvice #HomeBuyingProcess #SpencerHsu #CaliforniaRealEstate #FirstTimeBuyerTips #ChoosingARealtor #BayAreaHomebuyers #YourTechRealtor

18 Jun 15min

Living in Sunnyvale’s Most Walkable Neighborhood — Here’s the Truth (Heritage District)

Living in Sunnyvale’s Most Walkable Neighborhood — Here’s the Truth (Heritage District)

Looking for walkable charm, great schools, and Silicon Valley convenience — all in one neighborhood?Welcome to Sunnyvale’s Heritage District — a rare blend of historic character, downtown energy, and family-friendly living, right in the heart of the Bay Area.In this series, we spotlight the best neighborhoods across the Bay — so you can explore what it’s really like to live like a local. Whether you're relocating, investing, or just dreaming about your next move, this is the place to start.📍This week, we’re exploring the Heritage District in Downtown Sunnyvale.It’s one of the only places in Silicon Valley where you can walk to jazz concerts, farmers markets, bookstores, Caltrain — and still live in a quiet, tree-lined neighborhood with historic homes and top-rated schools.🗓 Want to schedule a free consultation?Find a time that works for you → https://www.calendly.com/spencerhsure🌆 What makes the Heritage District so special?• Murphy Avenue’s small-town feel with modern dining, nightlife & culture• Walkable to Whole Foods, Target, AMC, Caltrain, and Sprouts• Historic 1900s architecture blended with modern townhomes• Weekly farmers markets & year-round community events• Zoned for Sunnyvale School District + Fremont Union High School District• Home to Fremont High — one of the top-ranked schools in the Bay Area• Near top tech campuses 🏡 FEATURED HOME TOUR: 575 Carroll Street, Sunnyvale, CAA rare opportunity on one of the largest lots in the neighborhood — with modern upgrades, walkability, and space to grow.✅ 3 bed / 3 bath + 500 sq ft bonus finished basement✅ 13,068 sq ft lot — nearly 0.3 acres of landscaped outdoor space✅ Remodeled kitchen & baths, owned solar, EV charger✅ Walk-out deck with automated pergola + built-in lighting✅ Private fire pit, kids' play area, and potential for ADU✅ Walk Score: 91 | Transit Score: 50 | Bike Score: 91✅ Just steps from Murphy Avenue, Sprouts, Whole Foods & Caltrain💬 Interested in homes like this one?Let’s talk about your goals and go over a personalized game plan.📩 Email: spencer@spencerhsu.com📞 Call/Text: (408) 547-4590📸 Follow on Instagram → @spencerhsure🎙️ Listen to the podcast → https://bit.ly/384DUpn📈 Track your home value → http://bit.ly/3aFdyMW🛎 Subscribe for weekly Bay Area neighborhood tours → https://forms.gle/c5xkznHLTBh7Yzgi7

13 Jun 12min

Where to Live in the Bay Area If You Work in Big Tech

Where to Live in the Bay Area If You Work in Big Tech

If you're a couple or family working at companies like Google, Apple, Meta, or Nvidia — and looking to move closer to the office — this video is for you.I walks through an interactive map-based breakdown of the Bay Area’s best neighborhoods by budget — from a starter home to $4M+ — helping you visualize commute paths, school quality, and property types. Whether you're optimizing for price, schools, or proximity to tech hubs, you'll know exactly where to focus your home search.🚪 What You’ll Learn in This Video:✅ Where families with Big Tech jobs are actually buying homes✅ The best single-family home areas by budget:→ Under $2M→ $2–3M→ $3–4M→ $4M+✅ Key commute corridors from Menlo Park to Cupertino, Sunnyvale & Santa Clara✅ Areas with strong school districts vs. high-end luxury pockets✅ Why plotting your commute before house hunting saves time & stress📍 Areas Covered: Menlo Park, Sunnyvale, Cupertino, Mountain View, Santa Clara, Fremont, San Jose, Los Altos, Palo Alto, Campbell, and more💬 Need help figuring out your family’s next move? Text “MOVE” to (408) 547-4590 and let’s build a game plan together!📞 Contact us at (408) 547-4590✨ Subscribe for weekly videos about Bay Area real estate, investing, and expert advice!#BayAreaRealEstate #CondoBuyingTips #BayAreaCondos #HOAFees #RealEstateRedFlags #BuyingACondo #FirstTimeHomeBuyer #Townhomes #SpencerHsuRealEstate #BayAreaHousing #InvestmentProperties #CaliforniaHomes #HOARules #SiliconValleyRealEstateSpencer Hsu is a Bay Area Real Estate Agent with eXp Realty LLC, specializing in residential, new home construction, and relocation. His team has helped over 60 families in the past year alone — leveraging tech, data, and strategy to help buyers make smart decisions.

4 Jun 12min

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