first time homebuyer

Our goal is to demystify all of the confusing parts of buying a home for the first time. We aim to make this simple and easy for you so read up and let us know if you have any questions! Happy house hunting!

4 things you need to know about preliminary title reports

If you’re planning on buying a home, it’s probably best that you put your book of the month subscription on pause, 'cause with most major life (and financial decisions), the process of purchasing a home involves a lot of reading. From sellers’ disclosure documents to rent rolls to floor plans to stacks on stacks on stacks of property reports, buyers must sometimes wade through quite a bit of dense documentation before they actually buy a home. Disclosure packages

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If at first you don’t succeed: when your offer on a house gets rejected

Unfortunately, not every offer on a home is a winner, especially in competitive markets. But, that’s not to say that you should just sit back and wait for fate to take its course. If you’ve had bad luck with submitting offers and want to make sure that the next one you submit sticks, we’ve laid out some of our best tips to help you get noticed by sellers. Here’s how to stand out from the crowd

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Buying your first home? Here’s 5 things to consider.

Buying a home for the first time is a bit like training for a marathon. A successful end result depends heavily on preparation. After combing through feedback from our buyers and drawing on knowledge from Open Listings buying agents who have helped buyers purchase almost $1 billion worth of homes, we’ve come up with some insights to help get you through the various different stages of your home-buying journey. Here are a few key things you should know to

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Here's the 1 major 🔑 new homebuyers learned from their first rejection

While there's lots of things we can’t tell you -- such as when you should leave home to avoid standing traffic on the freeway or how long that avocado will actually last in your fridge (because, you know, avocados gonna avocado) -- we can provide some insight into one crucial pitfall many new homeowners wish they’d avoided before they experienced their first offer rejection during their homebuying process. While this should come as no surprise, rejection doesn’t

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Buying a foreclosed home: 4 things to know

Buying a foreclosed home may seem like a great deal at first glance. After all, how could an incredibly low sale price not be a great thing, right? But, there’s more to foreclosed properties than meets the eye. They’re an entirely different breed than a traditional sale and they require a deft hand in order to be handled successfully. If you’re considering buying one of these properties, you won’t want to skip this post. We’ve

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Avoid being “house poor” by taking these 4 steps

We’ve all heard cautionary tales of new homeowners who have ended up “house poor.” Yes, their homes may be gorgeous and enviable, but that asset is all they have. But in reality, they’re struggling to afford their homes and live their lives comfortably. And, if there’s one thing you don’t want to do as a buyer, it’s to find yourself in a similar position. Here are the steps you can take during your home search

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Going on a home tour? Here’s 5 things to overlook.

When you’re looking at homes, it can be hard to be objective. After all, since you’re paying so much money, it’s only natural to want a home that’s totally perfect for you. That said, sometimes, it pays to be blind-ish. In this crazy market with limited inventory, not every home issue should be a dealbreaker. Don’t miss out on your perfect home by paying too much attention to these five things that don’t really

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Hacking your way to home ownership: how about getting a roommate?

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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3 seller contingencies to look out for as a buyer 👀

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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Buying a house as a freelancer or entrepreneur? Here's what you need to know.

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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First time homebuyer in Austin, TX? Here's what you need to know.

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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Wondering how to budget for a home? Here's 4 ways to start.

Many buyers, especially first-timers, worry about how to budget to buy a house -- and it’s not hard to see why. Becoming a homeowner is a huge financial commitment, and it only makes sense that you’d want to feel fully prepared before taking the plunge. Luckily, with a little planning and foresight, you can easily make that happen. Read on below to learn more about how to appropriately budget to make your homebuying dreams become a reality and

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Submitting an offer below asking price? Here's what you need to know.

Once you're serious about buying, deciding how much to offer on a house becomes one of the most pressing concerns. It’s hard to find the balance between trying to get a fair deal, writing an offer below asking, and actually getting the house. Luckily though, we’re here to help you sort this issue out. We’ll explain when a low-ball offer is appropriate, how to determine the right sale price, plus a few alternative ways to save. With

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House hunting for first-time homebuyers: is there a right way?

A lot of buyers, especially first-timers, worry about whether or not they’re going about their home search the right way. On the one hand, buyers fret that if they find their "dream home" too early, they might be missing out on something better. But, on the other, if the process takes a while, they worry that they’ll never find a home that works for them. The FOMO is real. Keep reading to find out if you’

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Getting cold feet: can you back out of buying a house?

You submitted an offer and it was accepted. Everything seems to be going your way, except for one major detail: you’re not sure if this house is actually the right one for you. Sound familiar? It happens. Buying a home is a big deal. Lots of buyers get cold feet when they go to buy a home, and some do end up walking away to explore other options. If you’re unsure of the next steps to take, this

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