TL;DR If you find a house you love -— and can comfortably afford —- then it's always a great time to buy. With record-low interest rates and skyrocketing rental costs, conditions are certainly ripe for buying a home. No one can predict the future, or what will happen to housing values, so how can you tell if now is the right time to buy a home? The simple answer is: If you find a house you love—and can
TL;DR The federal government and all 50 states offer first-time homebuyer loans with incentives from 0% interest to zero down payment amounts and reduced monthly costs. There's also plenty of programs to reduce your upfront and total home ownership costs. To complement, Open Listings offers a 50% commission refund at purchase, which can cover up to 1/3 of your down payment or all of your closing costs. With Americans increasingly using loans to fulfill their dreams of homeownership,
TL;DR Finding the best interest rate requires finding the best lender for your financial situation. Local banks, national banks, online lenders, and more all vary in what they offer. Prioritize researching loan options and interest rates to discover what’s best for you. Locking in a low-interest rate is critical, but your choice of lender hugely impacts your mortgage experience. This guide will break down the pros and cons of top mortgage lenders. Open Listings can connect you with
TL;DR First-time homebuyers nationwide are deciding whether to rent or own. Below is your roadmap to making an educated decision, and here's a summary of what we learned from our research: Buying a home is affordable in the right market with the right loan Start by buying small – you can always sell and move First homes should cost between 2x - 4x of your annual salary Homes have historically gained value over time – some are profitable just 5 years
For buyers looking to take their homebuying search to the next level, Open Listings offers a higher service tier: Verified Buyers. Why Verify? Gain an edge with priority support, unlimited insider info, instant home tours & faster access to property reports — all completely free. How to get Verified Just upload a pre-approval letter and/or proof of funds to your account. You can block out any sensitive information such as bank account numbers. Why we ask for financial documents We
One of the most common questions homebuyers ask is "what's this home worth?" A traditional agent might dodge the question by asking how much a home is worth to you. Online price estimates such as Zestimates are notoriously, perhaps purposefully inaccurate. We believe this critical question deserves a simple, data-driven answer. Understanding a home's value means you can bid successfully without overpaying. It prevents subsequent problems like a low appraisal or a potential loss when you decide to
When Wes and Laurel Duquette set out to purchase a home for the first time, the couple chose not to work with a real estate agent. “We didn’t find an agent to be much of an advantage, yet they’re so heavily compensated for what they do,” Wes said. Instead, they turned to Open Listings, a Y Combinator-backed start-up that replaces most of what agents do with an online platform. The Los Angeles company helps customers find a home
We've been on our expansion grind and we're excited to announce that we now have real-time data and thousands more homes for sale with our launch in 12 new counties throughout California. Get deep into state politics in Sacramento. Go back to school in Davis. Start a winery in Sonoma, Napa and Santa Rosa. Start a farm in the San Joaquin Valley. Yolo in Yolo. Retire with us to Bolinas. More to come... Open Listings can help you buy any
Open Listings tallied all the May 2016 home sales in San Francisco and the median home price has dropped to $1.25M. That's down from $1.29M the previous month (which was an all-time high for SF) and $1.26M in May 2015. Loyal readers know that we're not big fans of median price gazing, but it's interesting to see how the downturn in high-end condos has dragged the median price lower. March 2016 saw the first year-over-year decline in
We moved! Find, mail, pay, invoice, visit, and/or gift Open Listings at: 2301 Hyperion Ave, Suite A Los Angeles, CA 90027 If you don’t want to park on Hyperion Ave and walk up a long-ish flight of public stairs, our main entrance is at the dead end of Tracy Terrace. You can map to 2240 Tracy Terrace and usually find street parking.
Flashback to last Monday when an OL squad competed in the annual Media Temple Table Tennis Invitational in Los Angeles. After a string of hard-fought victories, we were bested in the semi-finals and finished 4th out of 64 teams. Thanks to our friends at MT for organizing and much respect to Joe and Elliot for their gutsy, inspiring play.
Last week we drilled down into the recent decline in SF home prices. Instead of a market downturn, we found that the decline was isolated to homes and especially condos sold above $3M. Below $3M, prices continued to increase and competition was fierce. April 2016 - Back to normal/crazy At the time of publication, there were 394 single-family homes and condos reported sold to the San Francisco MLS in April 2016. Their combined median sales price was $1,285,
A couple weeks ago, Redfin reported that housing prices in San Francisco fell for the first time in 4 years. This made for great headlines, but at Open Listings our buyers are seeing prices go up and up with more offer competition in the ranges they're shopping in. So we drilled down into the MLS data to figure out what's really going on. You can't shop by median While it is true that the median sale price fell by 1.
We’re excited to officially launch Open Listings in Santa Barbara! Get a 50% commission refund on any home in Santa Barbara. While we’ve been working with homebuyers across California, we now have real-time data and thousands of homes for sale in Santa Barbara and nearby regions. 8 reasons to buy with us in Santa Barbara Save thousands in fees. Use Open Listings as your real estate agent and we’ll refund you half our commission. Every new listing
Every time someone buys a home with Open Listings, we donate to New Story, a nonprofit that crowdfunds houses for homeless families around the world. “Open Listings is literally housing a family and providing a foundation for them now and for many generations to come. We’re beyond grateful for Open Listings’ heart to give back and for setting an example to other companies.” - Matthew Marshall, Co-Founder New Story 5 Reasons We Love New Story: 100% Funding Model: 100%