Good Faith Deal

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It's time to start your new deal

“Purchasing a home can be a long and stressful process, especially when purchasing an older home from a prior owner.

This is both due to the complexity of the home sale process and the possibility of discovering home defects after purchase.

Most houses will have minor items that need to be either fixed or replaced here and there. In many cases, a buyer will buy a home knowing that there will be problems with the house after closing.

In other cases, however, a seller’s failure to disclose property defects can leave homebuyers frustrated by serious home defects.

Depending on several factors, including the seriousness of any home defects after purchase, homebuyers may have several options available to them.”

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Most frustrated buyers are not able to do anything because the rectification process is often even more tedious and stressful to carry out. 

As in any civil case, the burden of proof lies solely with the claimant. Most people are not legally prepared all the time.

You have to rely on a good attorney if you decide to file a lawsuit. 

It is not easy to find a good attorney and, if you find one,  you will also find it expensive.

In the following, we have a service process which makes the rectification process much easier and economical.

In fact, it facilitates a fast and effective transaction with many advantages. as we will show you.

The bottom line: if people practice the best policy of honesty, transactions should be easy and beneficial to all parties involved. 

We call it the Good Faith Deal (GFD)

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The Good Faith Deal

Here is how it works:

  1. Seller agrees to put, say, a sum of fund, ranging from 2% to 5% of the selling price, into a special account, for a duration of one year after the close of the escrow.
  2. The special account is set up with QCD or with a qualified escrow company. The account is transparent to the seller and buyer, and to the seller’s agent and buyer’s agent if they are willing to serve.
  3. This account will be used to pay the fee to the escrow company and QCD (0.3% of the fund). The rest of the fund is prepared for the buyer for repairing defects undisclosed or unaware of before the close of escrow.
  4. The purpose of this account is to encourage conscientious disclosure and efficient good faith transaction. It is not meant to find faults of the property with a bad faith attitude.
  5. At the end of one year after the escrow, the balance of the special account will be used to pay the fee for the escrow company and QCD first. The remaining amount will be used to reward the buyer’s agent (0.1% of the remaining fund) first and next to the seller’s agent (0.1% of the remaining fund). If no use of the special account is occurred, the buyer will also be awarded with 0.1% of the fund. The rest of the remaining fund will be returned to the seller.
  6. The QCD will provide a platform to keep record of this deal.
  7. In case of dispute, the agents will help to clarify and resolve the issues. 
  8. If no resolution can be achieved by the agents, an arbitrator will be called to resolve and the agents will serve to witness. The arbitrator will be paid by the loser of the dispute.
  9. In cases used by the for sale by owner, the agents will be skipped.
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The advantages of GFD

The Good Faith Deal

Here is how it works:

  1. Seller agrees to put, say, a sum of fund, ranging from 2% to 5% of the selling price, into a special account, for a duration of one year after the close of the escrow.
  2. The special account is set up with QCD or with a qualified escrow company. The account is transparent to the seller and buyer, and to the seller’s agent and buyer’s agent if they are willing to serve.
  3. This account will be used to pay the fee to the escrow company and QCD (0.3% of the fund). The rest of the fund is prepared for the buyer for repairing defects undisclosed or unaware of before the close of escrow.
  4. The purpose of this account is to encourage conscientious disclosure and efficient good faith transaction. It is not meant to find faults of the property with a bad faith attitude.
  5. At the end of one year after the escrow, the balance of the special account will be used to pay the fee for the escrow company and QCD first. The remaining amount will be used to reward the buyer’s agent (0.1% of the remaining fund) first and next to the seller’s agent (0.1% of the remaining fund). If no use of the special account is occurred, the buyer will also be awarded with 0.1% of the fund. The rest of the remaining fund will be returned to the seller.
  6. The QCD will provide a platform to keep record of this deal.
  7. In case of dispute, the agents will help to clarify and resolve the issues. 
  8. If no resolution can be achieved by the agents, an arbitrator will be called to resolve and the agents will serve to witness. The arbitrator will be paid by the loser of the dispute.
  9. In cases used by the for sale by owner, the agents will be skipped.