Open Listings Team

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

20 posts

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’

Read more

Why You Should Check Your Credit Score Before Buying A Home

Here’s how your credit score affects the home buying process. TLDR While there's no strict credit score minimum to get a mortgage and buy a home, there are guidelines most lenders follow. While your credit score is a major factor in buying a home, it's not the only one. Lenders also consider your employment history, income, and current debts. And, since credit scores fluctuate, following good credit practices can increase your score and help you get a mortgage or

Read more

7 Ingenious Ways To Save For Your Down Payment in 2017

It might seem impossible, but millennials are buying homes – and affording them. TLDR · Determine how much you need to save for your downpayment · Find out how to save for a house · Save money using apps and asking family for financial help · Create a monthly budget, move invested money into your downpayment · Downsize your current living space, sell things you don’t need Despite steadily rising housing prices, millennials continue to dominate the homebuying market, qualify for stricter loan standards, and

Read more

11 Essential Questions to Answer “Where Should I Live?”

TLDR: Finding the right place to live is a complex process with many variables to consider. Most first-time home buyers don’t ask themselves the right questions before making their decision to live in an area. This guide will walk you through key considerations such as employment opportunities, home affordability, crime rates, school and healthcare system quality, among other things. Open Listings can help you quickly and efficiently find homes that meet your exact criteria. It’s perfectly normal to

Read more

How much house can you afford? Get your answer with these 11 key considerations.

What you pay in rent isn't necessarily how much house you can afford. There are many factors and a number of other considerations. TL;DR Figuring how much house you can afford boils down to your annual income, down payment, debt-to-income ratio, and your credit score. These all impact what your monthly payment will look like and what type of loan and interest rate you'll be able to get. On top of those factors, it's important to also consider any

Read more