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negotiation

Real Estate, Negotiation, Home Selling, Home Buying

Home Negotiation: Bidding Wars and Escalation Clauses

The negotiation is perhaps the hardest part of the entire purchase/sale process. There are no ground rules in the negotiation process, which doesn’t help anybody. A buyer is left guessing how the seller will respond to their offer. Either side can bluff or tell the truth, and the other side can’t distinguish between a bluff and the truth. A buyer doesn’t know whether they are competing against a fictitious other buyer or if there actually is another buyer as the listing agent claimed. A listing agent may bluff to a selling agent, who now shares the bluff with their buyer.

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RECENT ARTICLES

Real Estate, Negotiation, Home Selling, Home Buying

Why We've Eliminated Earnest Money

I've talked to many homeowners over the past two years who feel selling a home is needlessly complex and stressful. I happen to agree, which is why I started Faira. Faira simplifies the process and the contracts, decreasing risk and increasing cost efficiency. One way we do this is by removing an element in the conventional real estate transaction process. Let me explain.

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Real Estate, Negotiation, Home Selling, Home Buying

Faira: Built on Proven Economic Principles

Complexity makes buying and selling a home more expensive for everybody involved. Faira captures the value lost in this complexity. One of the sources of complexity and transaction failure is the inspection report.

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