About Faira

Overview

• What are Transparency Reports?
• How does Faira make money?

Myths and Misconceptions

• I have to price my home low when selling with Faira.
• Agents won't show Faira homes to their buyers.
• Buyers on Faira can lose a home for $1,000.

Sellers

Overview

• Do I need to have an open house?
• Why is the inspection done before the listing goes live?
• Is Faira a listing service (For Sale By Owner)?
• Can you give me an overview of the process?
• What are the main differences between selling a home with Faira instead of using an agent?
• Can I cancel my listing with Faira and sign with another agent if I am not satisfied with Faira's results?

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Sale process

• What prevents unqualified offers?
• How long does it takes to sell a home through Faira?
• Is the sale done as an auction?
• How do buyers submit offers?
• Can a buyer renegotiate a price while waiting for the Signature Deadline or Closing Deadline?
• What happens if I change my mind once my property is under contract with a buyer through Faira?

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Charges

• How much does it cost to list a home with Faira?
• How is Faira paid for its services?
• Would buyers oppose to paying the Faira Platform Fee?

How To

• How do I schedule an open house?
• What is a Net asking price?

Buying with Faira

Overview

• Can first time buyers use Faira?
• How do I find a house?
• How many offers can I make?
• Is there a fee per offer?
• How do I view homes?
• How long does it take for you to write an offer for me?

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Buying a Faira Listing

Offers

• What happens if the seller approves my offer?
• Can I buy the house without a real estate agent?
• When do I know if I have won the offer for the house?
• How do I avoid overpaying for a house?
• Will the seller know my maximum offer price?
• When I make an offer on a house will my name be public in the website?

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Charges

• Do I need to provide an Earnest Money check?
• Why does Faira require a Platform Fee?
• What are the charges to a buyer who buys through Faira?

Buyer's Agents

• I don't have an agent representing me. Can I make an offer myself?
• I'm an agent representing buyers. Should I make the offer or should my buyers do it?
• I'm working with a Real Estate Agent. Will my agent receive a commission?

Names and signatures

• What is a Signature deadline?
• Can I make a purchase in the name of a business such as an LLC or Corp?
• I want to buy the house together with my spouse. Where do I enter his/her name?

Refunds

• What is the Faira Appraisal Guarantee?
• What is Faira's customer satisfaction guarantee?
• What happens if I am denied financing by my lender for reasons other than issues surrounding the house?
• What happens if the house doesn't appraise at or above the purchase price?
• Is the Faira Platform Fee refundable?

Closing

• Will I need to do a new inspection or appraisal?
• How long does it takes to close the sale after my offer was accepted?
• Can I extend the closing if my loan is not ready by the Closing Deadline?

For Agents

Overview

• How are buyers agents compensated?
• Can I specify contigencies?
• Can I use a different Purchase and Sale Agreement?
• I'm an agent representing buyers. Should I make the offer or should by buyers do it?
• How do I make an offer on a Faira home?
• How does Faira improve buyer confidence?

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