Open Listings
{{Short description|Online real estate brokerage}}
{{Orphan|date=April 2023}}
{{Infobox company
| name = Open Listings
| logo = File:Open Listings Logo (30750053288).png
| type = Private
| foundation = March 2014
| defunct = 2019
| successor = Opendoor
| fate = Acquired and closed
| location_city = Los Angeles, CA
| location_country = United States
| industry = Real estate
| area_served = California, Texas, Washington, Illinois
| founders = Judd Schoenholtz CEO, Alex Farrill CTO, Peter Sugihara CPO
| num_employees = 45
| key_people = Beatrice de Jong, Elliot Hursh, Stuart Law, Monica Kogler, Angeline Vuong, Tony Andrade
| homepage = {{URL|http://www.openlistings.com}}
}}
Open Listings was an online real estate brokerage, focused exclusively on representing buyers. One of the stated goals of the company was to make homeownership more affordable for everyone by refunding 50% of their commission to the buyer at close, saving buyers an average of $9,604 with their 50% commission refund.{{Cite web|url=https://techcrunch.com/2017/07/13/open-listings-raised-6-5m-to-help-you-buy-a-home-without-an-annoying-agent/|title=
Open Listings raised $6.5M to help you save money buying a home agent|website=www.techcrunch.com|date=
13 July 2017}}
History
Founded in May 2014, Open Listings officially launched in February 2015 while participating in the Y Combinator Winter 2015 batch.{{cite web|last1=Cutler|first1=Kim-Mai|title=YC-Backed Open Listings Enables Home Buyers To Purchase Houses Without Real Estate Agents|url=https://techcrunch.com/2015/02/26/openlistings/#.rmv9op:Kapx|website=TechCrunch|date=26 February 2015 |publisher=AOL|accessdate=2015-05-18}}{{Cite web|url=http://www.latimes.com/business/la-fi-ditch-the-real-estate-agent-20161001-snap-story.html|title=Why some home buyers are ditching the real estate agent and turning to start-ups|website=www.latimes.com|date=30 September 2016 }}
The company raised a $1M seed round from Soma Capital, ChinaRock Capital, I/O Ventures, Joe Montana & Liquid2 Ventures, Kevin Hale, Josh Guttman, Kevin Moore, and other angels.{{Cite web|url=http://www.socaltech.com/open_listings_finds__1m/s-0062553.html|title=Open Listings Finds $1M - socaltech.com|website=www.socaltech.com|access-date=2016-10-03}} After its launch Open Listings raised seed and series-A rounds with investors such as Matrix Partners, Initialized Capital, & Arena Ventures.{{Cite web|url=https://techcrunch.com/2017/07/13/open-listings-raised-6-5m-to-help-you-buy-a-home-without-an-annoying-agent/|title=
Open Listings raised $6.5M to help you buy a home without an annoying agent|website=www.techcrunch.com|date=
13 July 2017}}
The company was headquartered in Los Angeles, and was operational throughout California. As of mid-2018 Open Listings had 45 full-time employees, and over 150 local real estate agents.{{Cite web|url=https://www.inman.com/2018/06/08/open-listings-is-turning-to-mapbox-as-its-new-map-provider/|title=Open Listings is turning to Mapbox as its new map provider|website=www.inman.com}}
As of September 2016, Open Listings had refunded homebuyers over $1M.{{Cite web|url=http://www.latimes.com/business/la-fi-ditch-the-real-estate-agent-20161001-snap-story.html|title=Why some home buyers are ditching the real estate agent and turning to start-ups|last=Times|first=Los Angeles|website=Los Angeles Times|date=30 September 2016 |access-date=2016-10-03}}
Open Listings had exceeded $1B in homes bought on its platform, resulting in over $8M in savings passed along to its customers.{{Citation needed|date=April 2024}}
=Acquisition and Closure=
Opendoor, the online real estate marketplace, announced in 2018 that it had acquired Open Listings.{{Cite web|url=https://www.geekwire.com/2018/zillow-redfin-competitor-opendoor-acquires-home-buying-startup-open-listings/|title=Zillow and Redfin competitor Opendoor acquires home buying startup Open Listings|website=www.geekwire.com}}
As of June 2021, openlistings.com redirects to https://goodbye-ol.opendoor.com with an epitaph message (OL 2015–2019) thanking visitors for their support and directing them to opendoor.com/homes. As of April 2024, the site reports a Cloudflare DNS failure.