The Home Buying Process
Step 1 – Find A Realtor
Why? They answer your questions, represent your best interest vs. the sellers and it’s FREE for you.
Step 2 – Pre – Approval
Meet with a lender to determine the max loan amount you are approved for. Preliminary documents required: W-2s, pay stub, bank statements & tax returns.
Step 3 – Find A Home
Communicate your wants & needs to your Realtor, so that they can show you homes that fit your current needs.
Step 4 – Make An Offer
Your Realtor will negotiate on your behalf to get your offer accepted.
Step 5 – Open Escrow
Your lender will work on getting your loan approved, while your Realtor takes care of the rest. Prepare to read & sign many documents.
Step 6 – Inspection
Home inspection will be conducted by a professional home inspector. You will receive a list of repairs that may or may not need to be addressed.
Step 7 – Appraisal
Professional home appraiser will determine the value of the home. This is important, as it can potentially affect your loan.
Step 8 – Request for Repairs
Inspection may reveal repairs that incur more costs. You will have an opportunity to request that the seller either makes these repairs or covers the cost.
Step 9 – Contingency Removal
All contingencies for this sale will be removed. Loan approval will be one of these contingencies, confirming that you are ready to close.
Step 10 – Final Walk-Through
Walk through the property with your Realtor to ensure that It is in the same condition and repairs have been made.
Step 11 – Close of Escrow
You are officially a NEW homeowner and your Realtor will deliver you your keys!
Selling your home? Listing it early as a Coming Soon property on compass.com gives buyers and their agents a heads up that your home is about to hit the market. Drive interest with exclusive marketing and gain insights before officially launching.
Early to list. Early to sell. Only with Compass Coming Soon.
What can Compass Coming Soon do for your listing?
Positioned on the Compass homepage and prioritized in search results, Compass Coming Soon listings are the first homes buyers see when they visit compass.com. Not only are these listings promoted site-wide, but they may be featured in both national and regional marketing campaigns at no extra cost to you.
Compass Coming Soon allows you to bring your home to market sooner with differentiated print, digital, and social media marketing materials designed to pique buyers’ interest. When it’s ready to go live on the broader market, you’ll have the opportunity to launch your listing for the second time, attracting even more attention.
Deliver Market Insight
Take advantage of the pre-marketing period by previewing your home to a high-interest audience as a Compass Coming Soon. It’s the perfect time to assess pricing and gather buyer feedback – in most places, without accumulating days on market.
How does Compass Coming Soon work?
While your home is being prepped for market, your Compass agent will preview your property to buyers on compass.com
Your agent will develop a Compass Coming Soon marketing campaign featuring social media, emails, print materials, and more to drive the most traffic possible to your listing.
Based on these efforts, your agent can identify the right audience for your listing and gain pricing insights
Then, once your listing prep is complete, your agent will create an official launch on the broader market designed for a faster, more profitable sale.
Interested in learning more?
Reach out to McFadden Partners about listing your home as a Compass Coming Soon!