Author Topic: My real estate startup expands to CA from WA  (Read 291 times)

Landlady

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My real estate startup expands to CA from WA
« on: March 15, 2017, 01:31:55 PM »
Hey folks, I'm biased here, but as a mustachian and a real estate investor I think it makes sense to share with my community what I've been working on to improve property transactions.
I started working on Faira 1.5 years ago in Seattle and we've grown by 4x since last February. We've expanded to California now.

For selling:
Faira sells your house without a real estate agent - saving you 3-6%. We have an online offer system which allows independent buyers to make offers. Typically we see a 30% increase in offers over traditional MLS listings because of this openness. All offers are public, which means buyers always know their competition, which means they can counter each other. Also, all our listings have inspection reports done upfront so that buyers can't renegotiate once the home is pending- this leads to a higher transaction success rate. We make money by charging the buyer 0.5% once the offer is accepted.

For buying:
If you've found a house without the help of an agent. Maybe you found it on Zillow or Redfin, Faira can make an offer for you. If your offer wins you pay 0.5% and we give you the full 2.5-3% commission back when the house closes. The theory here is, if you did all the leg work to find the house, you deserve the commission.

The average customer saves $20,000 with us.
www.faira.com

Huma_huma

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Re: My real estate startup expands to CA from WA
« Reply #1 on: March 25, 2017, 01:40:28 AM »
This is ingesting.  I'm selling my place but just got an agent..this service seems to be what I am looking for

Joel

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Re: My real estate startup expands to CA from WA
« Reply #2 on: March 25, 2017, 03:58:27 AM »
Sounds promising. Posting to follow. I've seen a similar service offered for buyers: openlistings.com