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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:
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.
Saving more can help you buy faster, but you’ll still be limited by this “magical” number
There are homes out there that you think you can probably afford and some that you just know you definitely can’t. But where exactly is the line that separates them?
You work hard to find the right house for your clients. And we know how much effort it takes to make an offer. That’s why all homes listed on Faira.com offer buyer’s agents the standard 3% commission. In a typical month, Faira brings over $100,000+ in commission to buyer’s agents.
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.