Open Listings

Open Listings is an all-in-one homebuying app designed to give you an edge in any market. House hunt 24/7, make offers, & get a 50% commission refund. It’s homebuying, the way it should be.

California & Washington

152 posts

Breaking it down: the difference between pre-approval & pre-qualification

If you're looking to buy a home, you probably know that you'll need to get a mortgage. But, in order to get a mortgage, at the very least, you'll need to get pre-qualified. However, what you may not know, is that there are actually more options beyond that with mortgage pre-approval and even pre-underwriting. If you’re confused about what these terms mean and what the differences between them are, you’re in luck. We’ve laid out each one

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Buying a house? Here’s everything you need to be prepared.

For many first-time buyers, the process of buying a house can seem overwhelming. After all, how do you even know where to start, much less how to get from taking the first step to submitting a winning offer on a home? If you’ve found yourself asking similar questions recently, we’ve got your back. Below is our comprehensive list of what you need to be prepared for the process of buying a house: 1. Get your financials in order

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What is a discount realtor?

💡 Did you know that when it comes to buying a home, you actually have options? In fact, you typically have three of them: The traditional route First, you can go with a traditional real estate agent. This is a real estate agent who will meet you, find and send you listings they think you'll like, show you the properties, and walk you through the closing process. In exchange, they'll typically receive a commission of anywhere from 2-3% of the sales

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Breaking it down: understanding home equity

Some real estate jargon can be hard to pin down, like the concept of home equity. Most people know it’s a good thing to have, but when it comes time for the actual definition, well...That’s when things start to get a little murky. Sound all-too-familiar to you? We’ve taken the liberty of breaking down home equity to its simplest terms. Read on below to learn what it is, what it’s used for, and how to

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Low commission real estate agents

Breaking it down: Most real estate agents operate on a commission-based payment model. While traditional agents require a commission of 5 to 7% of the home’s sales price, low commission real estate agents charge a fraction of that -- as much as half. What is a real estate agent commission fee? In most cases, unlike buying a product at the store or online, you won’t pay a flat-fee for your realtor up front. You won’t even pay

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Homebuying how-to: buy a home without a realtor

If you’re the DIY type, or you want the chance at saving cash on your home purchase, forgoing a traditional real estate agent may be the way to do it. Why buy a home without a realtor? To be clear, buyers don’t pay their realtors directly. Sellers pay a 6% commission (of the home’s total sales price) to their own realtor, half of which ultimately goes to the buyer’s agent. In theory, a seller -- and

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Getting real: decoding real estate listing jargon

As a buyer, looking at property listing descriptions can feel like reading a foreign language. Real estate agents use buzzwords to try and present the properties they’re selling in the best possible light. However, for buyers, it can be hard to tell what those terms actually mean, and, by extension, what you’d actually be getting into if you purchased the home. Luckily, we've compiled a list of the most common listing terms so that you will know what

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First-time FAQ: what does homeowner’s insurance cover?

You probably know that buying a home comes along with the need for a homeowner’s insurance policy. However, many of us don’t know much beyond that when it comes to protecting our property. If you need a little guidance when it comes to the ins and outs of homeowners insurance, you’ve come to the right place. Below is an explanation of what you need to know about your eventual policy, starting with the basics: So, what is

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Debunking 4 myths on how much house you can afford

The mortgage industry has changed rapidly -- and with it, the requirements of homebuying. These days, buying a home is easier than you might think, and it’s an option for more people than the old rules coming out of the 2008 recession might suggest. The reality is that there are a lot of confusing information out there when it comes to home affordability. So, we’ve asked industry experts to tell us the truth about the biggest misconceptions they’

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Understanding mortgage interest rates

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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Thinking about buying an investment property? Here’s what you need to know.

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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3 things to know if you want to keep your earnest money deposit safe

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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Study: Dallas is a great new home for companies, but what about their workers?

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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Howdy, Dallas 🤠

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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Bought with Open Listings: Summer edition

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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