Compare Homie and Faira

For Sellers

Listing Rate
$1,500
Flat Fee
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but sellers may be able to negotiate this as well. The flat listing fee is paid $199 in advance, plus $1,299 at closing.

For Sellers

Listing Rate
1%
Commission
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well.

For Sellers

Premium Listing
3%
Commission
Minimum commissions and other terms may apply. Buyer's Agent Commission (2.5%-3%) is not included, but you may be able to negotiate this as well.

For Buyers

Buyer’s Savings
$5,000
Flat Refund
When Homie represents buyers, it contributes $5,000 from its total Buyer's Agent Commission (2.5%-3%) as a way to financially compete for a buyer’s business. Home buyers do not pay any taxes on the amount, the refund amount is always tax-free.

For Buyers

Buyer’s Savings
67%
Commission Rebate
When Faira represents home buyers, it contributes 67% of its Buyer's Agent Commission (2.5%-3%) to the buyer as a way to financially compete for a buyer’s business. Home buyers do not pay any taxes on the amount, the refund amount is always tax-free.
Question: What is the difference between Homie and Faira?
Answer: Both Homie and Faira function as a full-service real estate agent that offers savings to homebuyers and home sellers.
Compare Homie and Faira for home buying and selling. HomeOpenly is an impartial and an open resource focused on trending real estate services, portals and start-ups.

First published: 17 February 2019
Last updated: 25 April 2021

Buying and Selling with Homie

Homie is a Utah-based broker, offers consumers flat fee listing savings and buyers refunds.

Homie Pricing

Homie offer listing savings ($199 advance, plus $1,299 at closing) and buyer’s refunds ($5,000 subtracted from Buyer’s Agent Commission) for select Utah properties.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Homie Editor's Review:

Homie is a consumer-focused real estate agent that successfully represents consumers across Utah and offers sizeable savings. Homie agents are salaried client-service focused employees who are not motivated by commissions.

Homie service includes posting home on the MLS and MLS Aggregator services, professional photos and 3D images in addition to all typical services offered by a traditional real estate agent. If a seller accepts an offer from a buyer represented by Homie, a $1,299 buyer transaction fee is added, instead of the full buyer agent commission (2.5%-3%) amount advertised on the MLS.

Homie claims that Homie-to-Homie incentive favorably lowers overall transaction costs, but it also requires the buyer to accept the potential downside of dual representation.

For buyers, a flat $5,000 buyer’s refund savings may not work as well for higher-priced properties. For example, if there a 50% buyer’s refund offered by another local agent, the amount can reach $15,000 for a home valued at 1,000,000 USD; in this case, $5,000 is only third of the amount a buyer can potentially receive compared to a 50% refund savings. Still, $5,000 buyer’s refund offered by Homie is a substantial amount that results in legitimate savings to buyers.

Overall Homie offers an excellent proposition to Buyers and Sellers alike.

Where does Homie operate?

Homie currently operates in select areas across Utah, Arizona.

Buying and Selling with Faira

Faira is a multi-state savings broker, offers consumers listing savings and buyer’s refunds in select areas across Washington, Arizona and California.

Faira Pricing

Faira offers savings to sellers (charges 0.5% platform fee to the buyer with an optional 1% listing fee) and commission refunds to buyers (2% of the purchase price).

For its in-house listings platform offers self-represented buyers a 2.5% independent buyer discount, to account for the fact that there is no need for Buyer's Agent Commission (BAC) expense for self-represented buyers.

However, we recommend that all Buyers work with their own competitive buyer's agent who offers a buyer's refund. Faira also offers Premium Listing option for a 3% listing fee.

Listing Services

  • MLS Listing
  • Zillow, Trulia, etc. Listing
  • Accept and Deliver All Offers and Counteroffers
  • Hold Open Houses
  • Professional Photography
  • Professional Floor Plans
  • Yard Signage Installation
  • Spare Key Lock-box Installation
  • Schedule Inspection Services
  • Schedule Private Showings
  • Closing Duties

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Faira Editor's Review:

Faira is a consumer-focused real estate agent that successfully represents consumers across Washington, Arizona, and California and offers sizeable savings.

Faira listing service includes posting home on the MLS and MLS Aggregator services, professional photos in addition to all typical services offered by a traditional real estate agent.

Faira gives sellers access to a well-designed dashboard with great communication features. The pricing model at this brokerage may be an issue for some Buyers and Agencies who are unable to work with it due to the "platform fee" structure.

Buyer's commission rebate structure is also subjective with ambiguously defined savings. What is considered standard real estate services are advertised by Faira as Premium for a significantly larger fee.

While Faira does offer sizeable savings for Buyers and Sellers, we find that some service offerings by Faira are difficult to substantiate, especially when it comes to its Premium listings.

Where does Faira operate?

Faira currently operates in select areas across Washington, Arizona, and California..