The housing market in Austin is nuts. We love this city with all our heart, but so does everyone else in the world and that means buying your own little piece of it is getting really hard. As home prices are going up, so are the closing costs and commissions that are baked into every transaction.
But no more! Finally someone has taken a hard look at this process and dreamed up a better way. On April 4th, 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.
This company, which started in Los Angeles, lets you buy a house entirely online (seriously!) and then gives you a 50 percent refund on the commision they get from the sale. The average buyer who shops with them in California, Washington, and Texas gets more than $8,500 back in their pocket. Yes, they really give you money back. Not a credit, or a bunch of bitcoins or something—real American dollars.
The service, which is now available as an app for IPhone and iPad is designed to give you in edge in this crazy market. You can house hunt 24/7, book tours on demand, and easily create offers online.
You are probably asking yourself: How could this be real? Well it just is. The platform makes the process more efficient for buyers and agents so both sides of the deal are working smarter. OL has an expansive network of showing agents, partner agents, and local loan officers standing by—but buyers don’t engage with them until they’ve found they are ready to make an offer. This is only possible because the site has all the information you could ever need, like in-depth property reports, private agent-only info, and custom neighborhood data on-demand.
With all that at your fingertips, you become master of the real estate universe. Go see open houses and schedule private showings like a boss and make this all-important, life-changing purchase so much more enjoyable. Why would you pay 50 percent more in commision when you don’t have to? The game has finally changed.