To create transparency and encourage buyers to submit offers. Buyers can be confident that their offer will be seen by the seller.
Absolutely, we encourage buyers to be represented by a real estate professional.
No. FAIRPLAY allows you to register yourself as a buyer and submit your offer. The process to place and change offers can be accomplished in minutes.
There is no charge for buyers or their agents to use FAIRPLAY. To confirm your identity you will be asked to provide a credit card to authorize a dollar amount. No charge will appear on your credit card statement.
This eliminates uncertainty for buyers regarding competing offers, buyers and agents know their offer has been submitted, and may modify their offer based on other offers received.
No, only the seller will see the details of your offer.
Not necessarily. Whilst the highest offer might seem like the obvious choice, the seller's decision isn't solely driven by price. Various factors, including contingencies, financing options, down payment, and the proposed closing date, etc., are all considered by the seller. The seller retains the flexibility to assess and potentially counter both the price and terms before reaching a final decision
Offers remain open until the offer deadline.
Yes. The seller may accept any offer, regardless of whether the offer deadline has been reached or not. Submitting an offer promptly rather than waiting for the final deadline can enhance your prospects of acquiring the property.
Each seller may have different opportunities and requirements regarding seller concessions or buyer agent commissions. Please contact the seller agent directly, to be sure you are in compliance.
It only takes minutes to place an offer on FAIRPLAY. All offers are submitted as a Letter of Intent (LOI). You are encouraged to upload supporting documents with the offer, such as Proof of Funds and a Prequalification Letter. Only the amount of your offer is disclosed publicly. The seller will review your offer along with documents submitted.
Offers may be changed up until the offer deadline. Simply go to the property you are interested in, click on the Submit/Edit button and adjust your offer.
FAIRPLAY provides a competitive marketplace so that buyers can compete for your property. Buyers submit offers through our platform, allowing you or your agent to review and respond.
Once a signed agreement is in place and the property details are submitted to FAIRPLAY, we are ready to launch within 1 week or less.
In addition to our proprietary technology and ongoing support, FAIRPLAY provides retargeting marketing towards prospective buyers throughout the campaign. Agents have access to dashboards and on-demand reports showing activity on the site.
FAIRPLAY's fee is performance-based. Other than a modest onboarding fee for each home, nothing is paid to FAIRPLAY until close of escrow.
We require buyers who are not represented by a real estate agent to verify their identity through a credit card hold, like booking a hotel room.
No, offers on FAIRPLAY are submitted in the form of Letters of Intent (LOIs). You are free to choose the offer that is best for you. The highest offer is not always the "best" offer. When you choose the winning offer, you will enter into a standard purchase and sale agreement with the buyer within 48 hours.
