Locking down a good mortgage rate is just one important aspect of home affordability. If you’ve been thinking about buying a home, you may be wondering what affects mortgage interest rates & what climbing rates mean for you. Mortgage rates have been on the rise, and they will likely continue to do so. As of June 2018, the average mortgage interest rate for a 30-year fixed-rate loan is 4.76%, but it won’t stay that way forever. We’

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Buying an investment property is a huge step in growing financially. For one, you have the chance to earn passive income. For another, it’s an opportunity to diversify your assets. That said, it’s also a huge responsibility, both personally and financially. If you’re going to take this step, you want to make sure that you’re well-prepared for what’s to come. So, if you’re thinking about buying an investment property, you’ve come to the

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Once your offer finally gets accepted, one of the first things you’ll do is submit an escrow deposit. This money -- your “good faith” deposit -- helps show the seller that you’re serious about buying the home. If the home closes successfully, that money is applied to your downpayment. However, if the deal falls through, there is a chance that you could lose out on thousands of dollars. With that in mind, many buyers want to know what

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As Open Listings officially launches in the greater Dallas-Fort Worth area this week -- a region that is becoming home to more and more global corporate HQs -- we wanted to compare how workers of new and longtime area companies are doing in the wallet when it comes living affordability near work. Business-friendly regulations have made the area an attractive home for companies, but what about their workers? Are they putting away more money after paying their monthly mortgage than

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Ahhh, Texas. The state that’s so nice, we had to launch in it twice. That’s right, we’ve brought our fully digital homebuying experience to the great Dallas-Fort Worth area! And why not? Dallas is one of a kind. It’s home to an ethnically and religiously diverse population, boasts some of the best public schools in the country, operates the largest light rail system in the U.S. -- and, of course, radiates classic southern charm. We’

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Summer’s officially here. For some, this means fun in the sun and ice cold beverages with every meal. For us, that means helping buyers locate the homes of their dreams, taking advantage of those long days for private house tours, submitting offers, and, of course, splitting our buying commission for buyers who close on their homes with us. We’re proud to help our buyers seal the deal on their home sweet homes and figured we’d share their

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If you’re planning on buying a home, it’s probably best that you put your book of the month subscription on pause, 'cause with most major life (and financial decisions), the process of purchasing a home involves a lot of reading. From sellers’ disclosure documents to rent rolls to floor plans to stacks on stacks on stacks of property reports, buyers must sometimes wade through quite a bit of dense documentation before they actually buy a home. Disclosure packages

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We all know rejection sucks. House hunting is a very emotional process. Finding a home you really love only to have your offer rejected can be confusing and frustrating. The experience can feel personal and leave buyers apprehensive to make another offer. But, the fact of the matter is that offer rejection is a very common part of the process, especially in seller's markets. Some might even call it a right of passage on a buyer’s journey to homeownership.

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Ok, we know what you’re thinking, “$225,900 is a super random number.” But, it's actually not so random: turns out the median value for a home in Chicago is $225,900, with an average price per square foot of $242. That’s not bad. But, what’s even better for Chicagoland house hunters is that the market in Chicago isn’t very competitive right now. While it’s not a exactly a buyer’s market, anyone looking to

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Unfortunately, not every offer on a home is a winner, especially in competitive markets. But, that’s not to say that you should just sit back and wait for fate to take its course. If you’ve had bad luck with submitting offers and want to make sure that the next one you submit sticks, we’ve laid out some of our best tips to help you get noticed by sellers. Here's how to stand out from the crowd &

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Everyone makes mistakes. But, in real estate, sometimes the wrong move can mean the difference between becoming a homeowner and losing out on the property that was meant for you. With that in mind, we’ve brought you three surprisingly common closing mistakes to avoid when you’re about to buy a home. These are the things that trip buyers up most often and can cause huge problems in a transaction. Here's what to consider when you're going into a

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Like many terms in the real estate industry, it can be hard to really get a handle on what a term like "PMI" means, but we’re breaking down the facts behind PMI once and for all. Read on to see what it actually means, how it works, and why it may have gotten a bad rap. So, what exactly is PMI? “PMI” stands for Private Mortgage Insurance. These days, it’s common for lenders to require it

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Buying a home for the first time is a bit like training for a marathon. A successful end result depends heavily on preparation. After combing through feedback from our buyers and drawing on knowledge from Open Listings buying agents who have helped buyers purchase almost $1 billion worth of homes, we’ve come up with some insights to help get you through the various different stages of your home-buying journey. Here are a few key things you should know to

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Relocating isn’t easy. For one thing, it usually happens quickly, and, for another, there are a ton of different logistics to consider. It’s easy to see how people can get overwhelmed trying to manage this process. That said, though, with the right tools at hand, it’s absolutely possible to get through your move without breaking a sweat. With that in mind, we’ve brought you a list of relocation resources that you can use to help put

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While there's lots of things we can’t tell you -- such as when you should leave home to avoid standing traffic on the freeway or how long that avocado will actually last in your fridge (because, you know, avocados gonna avocado) -- we can provide some insight into one crucial pitfall many new homeowners wish they’d avoided before they experienced their first offer rejection during their homebuying process. While this should come as no surprise, rejection doesn’t

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