Resources

Negotiation, Home Selling

The Science Behind Faira

You may be wondering, why is Faira able to make home selling free?

Here's the reason: Faira is anti-complexity.

Complexity makes buying and selling a home more expensive for everybody involved. Faira makes home sales simple, saving sellers thousands of dollars in the process. So, when it comes time for a buyer to make an offer, there is no complexity. Here are three reasons why Faira is simple and free for sellers:

Read More

RECENT ARTICLES

Real Estate, Home Selling, Home Buying

Zillow, Redfin and now Faira - What's the Difference?



Seattle is a hotbed for real estate tech. We are home to popular real estate sites like Zillow and Redfin which have changed how people shop for homes. Many people ask us, "How is Faira different than Redfin and Zillow?" There's a big difference and I'll explain.

Read More

Real Estate

Faira Real Estate Agent Reviews

Buying or selling a home is a big deal and can be expensive, so learning how to keep costs low is important for both sellers and buyers. The process of purchasing a house can be time consuming and somewhat confusing, and people aiming to purchase or sell a house are looking for the best way to conduct the transaction.

Read More

Home Selling

Same as Cash Guarantee

As part of Faira Premium, we are now offering a same as cash guarantee. When offers are received, they may be cash or subject to financing. Sellers sometimes miss the opportunity to take a higher offer because they prefer to take a lower cash offer. If you use this program, you can now accept an offer subject to financing with high confidence, as if it was a cash offer. This levels the playing field and may result in stronger competition to give you the best price while improving your peace of mind no matter what offer you take.

Read More

Home Selling

Selling in Greater Seattle's Cooling Market

Most stock brokers offer two kind of stock trades: Market trades and Limit trades. Market trades usually get executed within seconds, while a Limit trade may never get executed. A market trade means that you want to purchase, for example, 100 shares of Amazon at the market price. A Limit trade means that you want to purchase 100 shares of Amazon at a certain price, let’s say $X each. Often, an investor is looking to buy the stock at a slight discount to the current market price in a Limit trade, because otherwise the investor could just purchase it at the market price within seconds. What is the tradeoff? The tradeoff is that the order may never get executed and minutes later the market price of Amazon has increased so much that even a discount to the market price would be more expensive than the purchase price that investor could have gotten earlier in a market trade. If an investor is looking to purchase Amazon stock, the investor is betting that Amazon stock will appreciate. If that is the belief that investor has, optimizing on the purchase price is like optimizing for pennies when the bigger bet is to pocket Amazon stock appreciation. Now here is the rub. A limit trade does not actually give you a price better than market. The limit order at $X gets executed when the market price falls to $X, counter to the thesis the investor had in the first place. In fact, it is extremely unlikely that a falling Amazon stock would fall until $X exactly, then your trade gets executed and then the price start appreciating again. No, usually, if the market price has fallen to $X, it is likely that it might fall a bit more. So if you were to dictate your own price, you are betting against your own thesis.

Read More

Home Buying

Breaking Down Lance Bass's Brady Bunch House Heartbreak

Read More

Home Selling

How to Price Your Home


How do I pick the list price?

This is a question we hear a lot. First, let's get the elephant out of the room. Sellers do not determine the sale price of a home, buyers do. What sellers can do is adopt a strategy so you can find the buyer who values your home the most. The sellers may decide not to sell the home, but they can’t directly determine the purchase price of the home.

Read More

Home Buying

Introduction to Saving for a Down Payment

Follow us on a journey to discover your purchase power and buying speed

Read More

Home Buying

Step by Step Guide to Using the Calculator

An illustrated guide to help you follow the down payment articles with your own numbers

Welcome to our illustrated guide on how to use the Faira down payment calculator!

If you haven’t checked out the other articles in this series yet, head over to the introduction for a summary and links. Download the Excel spreadsheet “Faira down payment calculator” and let’s begin!

You will input your own numbers in the cells with a white background and black border. Example:

 

The cells with a gray background show you results of calculations. Example:

Read More

Customer Stories

VIDEO: Buying and Selling a Home with Faira

 

Mike and Shannon were looking for a way to save money when selling their home in Bonney Lake, WA. After checking out several companies that promised big savings, Mike called Faira. Although the savings was attractive to him, Faira's transparent and innovative approach is what led him and his wife to sign up to sell with Faira + Agent for 1% commission.

Read More

POPULAR POSTS

Recent Posts