At Faira, every home seller gets an inspection before their house goes on the market - completely free. The inspection is then posted right on the listing page so any interested buyer or agent can review it in a single click. Revealing the home's condition upfront is part of what makes Faira's process work so well. Since buyers know more about the home, they can make more confident decisions about their offer.
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.
If you're researching Faira, you may have seen an article online or heard from an agent that Faira was charged by the Washington State Department of Licensing for operating as an unlicensed brokerage. The truth is, Faira was sent only a warning letter based on complaints from our competitors mostly. Faira had a real estate license since the first consumer home was listed on our website. We had even mentioned the brokerage license number on our website before the charges were served, stating that all activities requiring a real estate license are done under the privilege of that license number. In the end, that’s all the department of licensing cared about. They asked Faira so provide exactly the same in writing to them, not a word more.
Four years ago, Kamal Jain made an offer on a home in Bellevue. It had a small creek in the backyard and he imagined himself spending countless hours enjoying it while pondering economic theory and inventing new business models. The creek was important to him and he was willing to pay for it. He made an offer above asking and hoped for good news.
You’ve decided you want to buy a home. Maybe your family is growing, you got a big raise, or you just want more space. Once you have decided you want to buy, you probably ask, “Where do I start?” or, “How does a real estate transaction work?”. You are not alone. The majority of home buyers really have no idea how the process works. It’s not something you do more than a few times usually in your life.
Former eBay employee, Kamal Jain, was frustrated with the home buying process that he decided to change the industry. Three years ago, Kamal made an offer on a home in Bellevue. It had a small creek in the backyard and he imagined himself spending countless hours enjoying it while pondering economic theory and inventing new business models. The creek was important to him and he was willing to pay for it. He made an offer above asking and hoped for good news.
Meet the Slingluff Family
Seattle is a top destination for millennials and job seekers in the United States. With 236 people moving to Seattle daily, based on the Puget Sound Regional Council report, finding the right area that fits your lifestyle is essential. For many, commute times, parking costs, gas, and tolls can be a big determining factor in where you live.
Buying a home is expensive and it’s especially hard right now for millennials. This is the first generation that must carry the financial burden of student loans and new bills associated with new technologies that previous generations never had to worry about.
Finding your home can be a daunting task. Depending on the market you are looking at, it can be overwhelming and discouraging. If homes are on market for short periods of time, it can be difficult to feel as though you are doing the right amount of due diligence before making an offer.