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Home Buying

First Time Home Buyers: Your Credit Score and Buying a Home

 

If you haven’t noticed already, your credit score is important when applying for any loan. Your credit score will be used by lenders to identify your ability to repay a loan. Their goal is to reduce the amount of risk they may encounter and prevent lending to consumers who have a history of not paying their loan payments.

How credit scores works

Credit scores range from 300-850 and consider your personal financial history including payment history, credit mix, amounts owed, length of credit history, and new credit. Here is a nice graphic from myfico.com that shows a nice breakdown. 

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RECENT ARTICLES

Home Buying

First Time  Home Buyers: Create your Wish List


 

If you are about to make one of your biggest long-term investments you should at least make sure it’s a purchase that you absolutely love, right? Spending a bit of time upfront to identify the must-have’s, the nice-to-have’s, and the can live without items will go a long way when deciding to make an offer on a home. Breaking it down to the different areas of your home will help organize your wants. Thinking about the interior, exterior and general usage of your home are the best ways to organize the wants and needs of your home.

Having a wish list and knowing what your home must have will allow you to more efficiently find the homes that fit your needs saving you time and energy. Narrowing down the location, the type of home, features, and the price range reduces the number of open houses you go to and allows you to make a more informed offer on a home you fall in love with.

Tip: Use Pinterest and other social marketing tools to begin gathering ideas of what you like.

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Home Buying

First Time Home Buyers: Is Owning Right for You?

 

A cornerstone of the American Dream is home ownership. Not only is purchasing a home a major milestone for many of us, it’s likely the largest investment you will ever make. Before you make the leap, however, make sure you have a solid understanding of what homeownership entails.

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Home Selling

Selling a Home in the Winter

If you want or need to sell your home between November till February, here are a few questions you possibly have struggled with: 

  • Will someone want to buy now (it’s cold/wet/icy/snowy)? 
  • Does it make sense to wait? 
  • Will I make more money on my home if I wait?
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Home Selling

Knowing the Price of a Home

Wouldn’t it be great if you had a crystal ball that you could look into before making a big financial decision and knowing the outcome in advance?

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Home Selling

Case Study: Redmond Ridge

Two homes, nearly the exact same, were listed for sale in Redmond at the end of August, 2016. One seller used Faira for free, the other an agent. Let's take a look at the results:

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Real Estate

Open Letter to Agents

Dear Brokers,

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.

While it’s true that buyers can make an offer on Faira directly, most use an agent. It only takes 60 seconds to submit an offer on Faira. 

Our technology helps you save time. How much time have you wasted writing offers for houses that already have 10 other offers? How many days have been spent fighting bidding wars on houses you didn’t win? All that effort, with zero return.

On Faira, only a price is needed to place an initial offer. You submit your offer to the seller online, and only if it’s accepted do you write up a full contract. This streamlined process has proven to be a huge time saver, especially when there are multiple offers.

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Home Selling

Video: Selling With Faira

Selling with Faira is easy and it's free for you! In this 3 minute video we answer common questions about our new service. If you have additional questions, please email us at hello@faira.com or call 1-800-571-FAIR.

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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.

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Home Selling, Home Buying

Infographic: Selling a Home with Faira

Selling a home is a big deal. It’s also a notoriously complex, stressful and expensive process.  

At Faira, we've reinvented the experience so it's simple, modern and transparent.
 It's also cheaper: t
here is no 6% commission. In fact, using Faira is completely free for sellers.

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