After a recent round of funding, Kirkland-based real estate technology startup Faira this week announced it has expanded to California, bringing its online home sales marketplace to homeowners in the San Francisco Bay Area and beyond.
Through Faira, homeowners can list and sell their homes online, removing much of the guesswork for buyers by providing them with up-front information like home inspection reports, title reports, and seller’s disclosures. Buyers also can view a home’s offer history and even make an offer directly from their mobile or desktop devices. Because Faira collects a fee from the buyer instead of a commission from the sale, homeowners close with more cash in their pockets. Faira said the average seller saves $20,000.
By bringing Faira to homeowners in California, Faira said it’s looking forward to providing its simple, money-saving platform to homeowners the competitive San Francisco Bay Area market.
“We are very excited to offer our innovative platform to home buyers and sellers in California,” Faira CEO and cofounder Kamal Jain said in a statement. “In our first year, we’ve proven traction in the Seattle market. And, we’re confident that our solution will provide much-needed transparency and efficiency in the competitive Bay Area market.”
Faira earlier this year announced it had secured $1.2 million in a round of funding led by Uber and Vroom investors Mark Hager and Himel Capital. The recent round of funding brings Faira’s total funding to $2.37 million, allowing for the California expansion.
After a successful 2016, Faira is looking forward to the year ahead and anticipates further growth. In 2016, Faira listed more than 100 homes and projects it will triple that number in 2017.