Open Listings

Open Listings is an all-in-one homebuying app that gives users the knowledge, tools and support to confidently buy any home and get a 50% commission refund.

Los Angeles, CA

24 posts

How to sell a home without a Realtor

While is it quite common for a homeowner to enlist the help of a real estate agent when they’re ready to sell, you might be surprised to know that it’s not required. In fact, in the age of DIY, many homeowners are opting to list their homes as FSBO (or For Sale By Owner). If you’re the take charge type and have the time to do so, listing your home FSBO might be a great alternative to

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Announcing our second Open Listings “Take Big Risks” scholarship winner

Special thanks to the 100+ applicants we got for our scholarship this past semester and we are thrilled to be able to award a young college student with the financial support they need to pursue their career dreams! This semester was especially difficult to choose a winner, we had many worthy applicants and it's awesome to see such enthusiasm from young students striving to reach their dreams, no matter what obstacles lie ahead. At Open Listings, we really pride ourselves

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Buying an investment property for rental under the new tax plan

This guest post is from Onerent, a state of the art leasing & property management service. Given the new proposed United States tax plan from the Trump administration, investing in real estate has some potential implications for a new investor. Most consider the changes extremely beneficial to first-time real estate investors in particular. To cover the basics first, the existing tax structure allows for real estate investors to write-off all the expenses of owning and running a rental as those

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Announcing our first Open Listings"Take Big Risks" Scholarship Winner!

We wanted to say a special thanks to the 100+ applicants we got for our scholarship this past semester and we are thrilled to be able to award a young college student with the financial support they need to take a calculated risk on their path to pursuing their career dreams! At Open Listings, we enable people to make big moves. By building confidence & giving buyers more power, we enable people to make big moves in their lives. We

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Introducing Partner Lenders at Open Listings

At Open Listings, we believe that homebuying doesn't have to be hard -- which means building the knowledge, tools, and support to give everyone the confidence to own their future. Today, we're launching the latest step in creating an easier homebuying process. We're proud to announce that we've partnered with some of the most experienced, well-reviewed, and dedicated mortgage lenders in California and Washington to help Open Listings buyers get closer to their home goals. With an Open Listings Partner

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Open House Tips For First-Time Buyers

While open houses seem pretty casual, savvy buyers know that checking out a home isn't just about aesthetics or a quick view. In today's hot market, you might not get another look before making an offer. If you're seriously interested in a home, get a feel for the things you can't change: the neighborhood & ongoing home maintenance needs. You should also get critical details such as when offers are due. If you aren’t totally sure about how the

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Getting real: do buyers pay real estate agent fees or commissions?

One of the most frequent conversations we have with homebuyers at Open Listings is about our commission refund of up to 50% and how real estate agent fees work. Time and time again, we’re asked by buyers to debunk this homebuying myth: An agent I spoke to said that sellers pay agent commissions. It’s free for buyers. How can that be? The short of it Many real estate agents will tell homebuyers that their service is free, and

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What you need to know about negotiating requests for repair

TL;DR Negotiating for repairs is often a delicate process. Be reasonable in your demands, and always weigh the consequences of your requests against how badly you want the property. A good buying agent will have your back and help you navigate and negotiate either repairs or credits. You may have gotten your offer accepted, but if you think the negotiations are over once your new home goes into escrow, think again. After you get a home inspection report and

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First-time FAQs: Do I need a home warranty or home insurance?

TL;DR While first-time homebuyers often get home warranties and home insurance confused, the reality is that it's not an either / or situation. You have to have home insurance before you close on your new home, but a home warranty can be bought any time. Breaking it all down: What exactly is home insurance? Homeowner’s insurance provides you financial protection against disasters. It protects the house itself and everything in it, as well as provides liability coverage in case

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Open Listings "Take Big Risks" Scholarship

Who are we Open Listings is an all-in-one homebuying app that gives users the knowledge, tools and support to confidently buy any home and get a commission refund of up to 50%, which can cover up to half of a buyer's down payment. We let buyers find, tour and buy homes using an entirely online process that's been optimized for buyers in competitive markets. We currently have just over 30 employees and are based in Los Angeles, CA. Our purpose

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How much can I borrow for my first home?

TL;DR First-time homebuyers are trying to figure out what mortgage best fits their needs. The reality is you don't always need to put down 20% to buy a home. Depending on your credit score and ideal loan terms, there are many types of mortgage structures that could work for you. Almost two-thirds of Americans are homeowners. That number that has dropped over the past several years, but the dream of homeownership remains a big one for most Americans. A

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How to apply for a mortgage: Your 4-step guide.

TLDR; Applying for a home loan is the first step to take when getting serious about buying a home. It will help you understand how much house you truly can afford. Get ready for the application process by gathering your financial info, finding a lender to work with, and getting pre-approved. You can always shop around and pick another lender once you get an accepted offer. Mortgage loan pre-approval means approaching a lender with financial, credit, debt, and other information

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The Complete Guide To Your Down Payment Amount (Down Payment Assistance Programs Included)

TL;DR There is no “right” down payment amount. Every buyer’s situation and location affect the amount they can put down. Given the plethora of financing options for any down payment amount, today’s home buyers put down between 0-20%. Putting down 20% allows you to save money over time with lower interest rates & monthly payments, but while lower down payments may cost more, they make homebuying achievable for many who otherwise wouldn't be able to make a

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#MCM October: Mid-Century Modern Homes For Sale

It’s not hard to see why lots of buyers fall for the enduring style of a mid-century modern home. Their open floor plans, endless glass walls, and Scandinavian-influenced simplicity epitomize the casual yet elevated aesthetics of west coast living and provide plenty of sight lines for those Pacific hillside, desert, mountain, and ocean views. This month, we used our service, Architectural Listings, to find some of our favorite mid-century modern homes for sale in October. So, pull up your

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FHA Loans: The solution for first-time buyers

TLDR: An FHA Loan is an affordable, accessible loan option that’s particularly suitable for first time home buyers. It protects lenders in the instance of borrower default and helps prospective home buyers who don’t have great credit, or who are making a low down payment on a home. What is an FHA loan, and how can it help first-time buyers? Navigating the home buying market is an exciting time for first time buyers. The terrain of the market’

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