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Kamal Jain

Kamal is the CEO and Co-Founder of Faira.com. A technologist and economist, Kamal specializes in designing business models for the internet, which he did for both Microsoft and eBay. Kamal now wants to align the interests of home buyers and home sellers with Faira.
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Recent Posts

Real Estate, Home Selling, Home Buying, PropTech

Redfin Direct vs Faira

Imitation is the sincerest form of flattery. This week, Redfin released a new tool to enable buyers to make offers on homes online without an agent. Some top news publications covered the story:

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RECENT ARTICLES

Kamal Jain

Kamal is the CEO and Co-Founder of Faira.com. A technologist and economist, Kamal specializes in designing business models for the internet, which he did for both Microsoft and eBay. Kamal now wants to align the interests of home buyers and home sellers with Faira.
Find me on:

Recent Posts

Home Selling

Selling in Greater Seattle's Cooling Market

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Home Selling

Is It a Good Time to Sell My Home?

Is this a good time to sell? We get this question often. This is a natural question, since everybody wants to time the market in their favor.

First, some observations from what we've seen on Faira. Our sell through rate has been higher in 2018 than last year. We have been getting multiple offers on many of our homes. Our homes are selling well.

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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.

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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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Real Estate, Home Selling

Why Faira Brings You 35% More Home Buyers

When you list your home with Faira, your home is accessible to more buyers. Really? How?


To explain, let's take a look at the stages a typical homebuyer goes through. It's not like a person wakes up one day and decides to buy a home. For many people, the decision to buy a home is a big one and takes a long time to evolve. Often, before a person is actually in the market to buy, they casually visit open houses. At this stage, they do not yet have a buyer’s agent. They are just looking around and testing the market.

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Home Selling

How to Sell Your Home

Selling your home is exciting but it can also be a stressful time. I just published a short ebook for home sellers that can help you understand the Seattle market, avoid common pitfalls and learn more about Faira's new approach to home sales. How to Sell Your Home is a quick read that includes new ideas you won't find anywhere else.

I hope you find it useful.

Download now

 

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Home Selling

Preparing Your Home to Sell: What to Fix

What fixes or updates should I do before listing my home?

This is a dilemma for many sellers. Each situation is unique so there is no single answer which fits every home. Though there are some general ways to think about this question.

Let's start the discussion with some easy questions.

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Real Estate, Home Selling

Real Change in Real Estate Starts with the Seller

Real estate in America is one of the few remaining industries stuck in an old era. There’s been some progress to modernize it, but change is not happening fast enough. Why?

The internet generation demands modernization, and in most industries, businesses must comply or be defeated in the market. Not so in real estate. 

One reason is because on average, home sellers tend to be older than home buyers. Most people own their home for many years and when it’s time to sell, they return to the traditional home selling process they used when they purchased. Not because it’s the best way, because it’s familiar.

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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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