"The company has just acquired Open Listings, a four-year-old, L.A.-based startup that has aimed to make it easier and cheaper for buyers to purchase homes by automating much of what an agent would do, thus reducing the fee an agent would traditionally take."
"Open Listings, a Y Combinator graduate backed by Reddit co-founder Alexis Ohanian’s Initialized Capital, aims to bring the entire buying process online, from searching listings to closing, while eliminating the need to work with a traditional real estate agent throughout."
"By integrating Open Listings with its mortgage, title and home services, the combined company aims to make it as easy to buy, sell or trade-in a home as it is to hail a ride, book a flight or shop online."
"Open Listings offers buyers a 50% refund on the buying agent commission for using its service. Basically, buyers who use Open Listings find, tour, and buy homes through the platform. Real estate agents only come into the process when it’s time to make an offer on the home."
"Every step of the is process automated and the agents just there to assist. Through the website or app, those looking to buy a home—who don’t yet have a home selling service—can browse listings, schedule tours, and make a digital offer. After close, buyers will also receive a 50 percent commission refund."
"According to a survey by Open Listings, 64% of Millennial couples would be willing to delay or downsize their wedding in order to afford a home sooner. And many? They're doing just that."
"The best agents take homebuyers through the last mile of closing, which makes it possible to offer a refund 3 to 4 times more than other brokerages."
"Los Angeles-based Open Listings officially opened up its platform to Dallas and Denton County users this week. Dallasites now have at their fingertips several realty startups hoping to change the entrenched ways that people buy and sell homes."
"Toyota employees relocating to work at the auto giant’s new North American headquarters in Plano face the highest price in the region to live near their corporate campus, with median sale prices in the area hitting $289,000, according to a study released Tuesday by buying platform Open Listings."
"Data from OpenListings.com found that couples are ultimately spending less on their wedding to put more toward buying a home together. To make the purchase of their own home possible, couples are beginning to downsize their weddings."
"Judd Schoenholtz shared the story behind how he created an app to make buying a home much simpler without a realtor."
"The company’s platform lets users browse listings, schedule tours and make offers. Home shoppers are paired with an agent once they submit an offer, which is where Open Listings differentiates itself from competitors."
"Finally someone has taken a hard look at this process and dreamed up a better way. Open Listings, a company that disrupts the ancient and tedious process of finding a home, making an offer, and closing on a sale, launched its services in Austin."
"Open Listings decided to make it easier for the buyer, opting to marry the convenience of online shopping with the cost-cutting measures that come with cutting out the middleman. Touted as “a TurboTax for real estate,” the platform allows buyers to save on commission costs."
"A matchmaking service of sorts is now available to homebuyers in Austin. [...] Buyers not only benefit from the expertise of a local real estate agent, but the buyer also receives a 50 percent refund on the agent’s 3 percent commission."