Real Estate

Redfin considers exclusive in-house listings – A slippery slope with ethical implications

During a recent panel at Inman Connect Las Vegas, two notable figures in the real estate world, Joe Rath, Redfin’s Senior Director of Brokerage Operations, and James Dwiggins, CEO of NextHome, delved into the implications of the National Association of Realtors’ 2019 Clear Cooperation policy. Both leaders expressed concerns over the policy’s efficacy, highlighting that …

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Arrivva could have saved homebuyers 18.7 Billion dollars in 2022

According to Statista the average home sales price in the US in 2022 was $540,000 with 5.03 million units sold. If every home was purchased through Arrivva’s flat fee model, then $18,750,000,000* would have been put back into the homebuyer’s pockets. *Skeptical? Here’s the math. Average home price = $540,000 multiplied by the average commission …

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Redfin Eliminates Rebates

A New Chapter for Redfin and the Rise of Arrivva: Redefining Home Buying with a Flat Fee Model

Redfin Eliminates Rebates In the continually evolving world of real estate, Redfin, the well-established online real estate brokerage, has recently undertaken a major shift in its buyer broker model. As of 2023, Redfin has decided to phase out its distinctive 1% buyer rebate in favor of a more conventional 2.5% fee for both buyers and …

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Justice Department and Class Action Suits v NAR

In November 2021, the United States Justice Department announced that it was pursuing legal action against the National Association of Realtors (NAR) for violating consumer protection laws and the Taft-Hartley Act. The NAR is the largest trade association for real estate agents in the United States, with over 1.4 million members. The Justice Department’s complaint …

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interest rates and home prices

Interest rates and home prices Interest rates and home prices. What the media is not telling and why you should chill! arrivva is the leader in flat fee real estate transactions. https://youtu.be/uarLd7Cx0zo via @YouTube

At what stage your Mortgage is in!

Did you know in #california on the new agreement of sale, you must tell what stage your mortgage is in. If it is not fully underwritten, you are unlikely to get the bid accepted. Need a F U P A? Apply online and totally free with no obligation

One Way to Solve the Appraisal Crisis

Fred discusses the idea of putting open house signs out. It’s inviting everyone to come into the house and it’s ridiculous. At Arrivva, we don’t use signs because we don’t want to attract attention from people who are not planning to buy.

Are open house signs necessary?

Fred discusses the idea of putting open house signs out. It’s inviting everyone to come into the house and it’s ridiculous. At Arrivva, we don’t use signs because we don’t want to attract attention from people who are not planning to buy.

May the 5th be with you – become a cash buyer – the next dimension in real estate rebates

Should you buy a home with an all-cash offer? Fred explains how you can become a cash buyer when buying real estate. Arrivva has solved the remaining pain point for buyers who are being beaten out by all-cash offers. Reach out to Arrivva to discuss being an all-cash buyer and still having money left over …

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Buying in a pandemic

In the podcast, Fred and Mistry discuss buying during a pandemic. Fred says that the first question he asks prospective clients is “Why are you trying to buy during the pandemic?”And the answer has been basically, “Hey, we’re in a one-bedroom apartment. We got one baby and another on the way we got to get …

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Are REALTORS(TM) Helping to Spread COVID? (aka, another reason we do not belong to this organization)

At the beginning of March, we all know that the world sort of got shut down. At that time, I figured that the economy would take a dive and that no one would be buying real estate. Alas, the fact that qualified people were then cooped up in their 1-bedroom apartments with the walls moving …

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Who Pays What in California

Every county in California has different paid fees based on the buyer or the seller on a real estate transaction.  This will show who pays the title insurance, escrow fees, transfer taxes in both counties and cities. Here is a list by county in Google sheets that you are welcome to download. 

The Mission to Civilize

We do not do due agency deals.  What’s that?  That’s when the agent represents both the buyer and the seller and makes a DOUBLE commission. The number of deals that go to agents that do this is astounding.  The number of states that ban it is pathetic, 3.  Why should you care?  If you are …

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COVID-19 and Your Mortgage

The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act places special requirements on companies that report your payment information to credit reporting companies. These requirements apply if you are affected by the coronavirus disease pandemic and if your creditor makes an agreement (called an “accommodation” in the Act) with you to defer a …

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Open House……Dead

Let’s get this out of the way. The only reason real estate agent do an open house  is to attract possible buyer clients for them without disclosing or compensating owners. This is the mechanism that makes the whole path happen. When an agent gets a buyer client from an open house, it costs them nothing. …

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Multiple Buyers, Markets

Yes, I can handle multiple buyers in multiple cities at the same time. I’m here to negotiate for you and doesn’t need to be in person anymore. All the signatures are done through docusign or other electronic means in the showing of a house is not a big deal that you need to have a …

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