For many buyers, adding an escalation clause seems like the answer to a big problem: the end to endless negotiations in a bidding war. Especially in seller’s markets like the ones we’re seeing today, this clause may seem like a huge relief. But, there are several considerations before deciding to include one to ensure you've got your best foot forward. What is an escalation clause? An escalation clause is most often seen in markets where multiple offers are

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With the rising costs of real estate, more home owners and prospective buyers are looking to make the most out of their property. Whether you call them by their proper name -- accessory dwelling units -- or you know them as something else, we're breaking down what the term means, why these units are so popular, and, if you’re interested, how you can go about putting one of your own on your new property. So, what is an accessory

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Okay, so maybe you're not quite ready to create your property empire, but the good news is, you don’t have to wait until you can afford to buy an investment property to find out if the landlord life is in your cards. These days, more and more people are renting out a room in their primary residence to get a taste of what having tenants will be like and to offset the rising costs of home ownership. If you’

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Usually, when home sale contingencies are discussed, the conversation revolves around how the right clause can be used to give the buyer "an out" if their financing falls through or if inspection reports come back with a ton of red flags. However, there are also contingencies that offer home sellers an added layer of protection if the sale goes awry. With that in mind, here are some of the most common seller contingencies, as well as why they're

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Heading to the Southern California desert this month to soak up the sun? You're not the only one. Open Listings is bringing our all-in-one homebuying service to one of our favorite places ~ Palm Springs. Now, you can make your Palm Springs getaway home dreams (or all-the-time home dreams) a reality, all while saving thousands with our commission refund of up to 50%. Just use the Open Listings site or app to find homes for sale in Palm Springs, house hunt

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Buying a home is a huge purchase, so there’s no shame in taking steps to spend your money wisely. But, in seller’s markets like we’re seeing across most of the country right now, this task can feel unsurmountable. However, it’s still possible to get a deal on your home. You just have to be a smart shopper & be willing to do a little legwork in order to score a great sale price. We’ve shared

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If you work for yourself, or a work-from-home freelancer, and you're ready to buy a home, you're not alone. These days, more people are choosing to become freelancers and entrepreneurs than ever before. And, while you may once have heard that becoming a homeowner is impossible while self-employed, fortunately, that outdated idea is a thing of the past. Buying a home as a freelancer or entrepreneur may be slightly different than going through the process while working a 9-to-5, but

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Navigating the waters of building permits is no fun. As a buyer, it's crucial to know whether the home you’re purchasing includes permitted work. If not, it’s even more vital to figure out what risks you could face going forward and how you should go about remedying the issue. In an effort to help you sort this issue out once and for all, we took the liberty of answering some of your biggest permitting questions so you’ll

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In case you haven’t heard, Open Listings is now live in Austin, TX -- and, we’re not alone. According to the 2018 Emerging Trends in Real Estate Report, Austin is the second-fastest growing city in the nation, just behind Seattle (which we're also in). The city's rise in popularity is anything but surprising. In a place known for everything from a vibrant music scene to unforgettable barbecue and affordable housing rates, everyone wants a piece of the action.

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Buying a house is all about mastering the art of give-and-take. Many buyers think that the purchase price is the main negotiation point, but in reality, that’s only one piece of the offer. By learning where your major negotiation points are (and how to use them), you’ll have the advantage of being able to craft an offer that works in your favor while simultaneously seeming beneficial to the seller. Realistically, there are five big negotiation points to consider

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In February, the Open Listings team did some research into how home affordability was even becoming a problem for six-figure salaried tech workers across Silicon Valley. We used the lending industry's standard "28% rule" as a barometer for evaluating if tech workers in Silicon Valley and Los Angeles would be approved for a mortgage -- let alone really be able to afford home ownership within a 20 minute commute from their offices on their salaries only. Our findings

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Hello, Texas! The Open Listings team is excited to announce that we're bringing our all-in-one homebuying service to even more places this year, starting with Austin, Texas. Now, homebuyers in the Austin area can use the Open Listings site or iOS app to house hunt 24/7, book tours on demand, and save thousands with our commission refund of up to 50%. Whether you want to snag Lance Armstrong's house for a cool $7.5 mil (don't worry, we'll give

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Let’s be honest: the real estate industry has its own set of lingo. For a lot of us, especially first-time buyers, it can be difficult to determine what all these terms mean and then how to act accordingly. Luckily, though, we’re here to do the decoding so that you don’t have to. Today, we’re tackling the terms “buyer’s market” and “seller’s market” and helping you understand the differences, how it affects your chances of

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If you're looking to make an investment that pays off big time, buying in a neighborhood that's heating up is one way to get more than your money’s worth. In an up-and-coming neighborhood, property values can skyrocket in a relatively short period of time, leaving you to enjoy the added equity. That said, though, there's an art to identifying these neighborhoods before they become the next hotspot and you're caught having to pay a premium. If you looking to

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OL for your iPhone & iPad At Open Listings, we're constantly working on ways to make your house hunt as easy as possible. So, we're excited to announce the launch of our new iOS app with full support for iPhone and iPad. Whether you're in your car right after a house tour, at work, or just hanging out on your couch, we hope the app makes it easier for you to find and buy a home wherever you are, whenever

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