Buyer Tips
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!
COMPASS
PRIVATE EXCLUSIVES
You Only Have One Chance to Make a First Impression
Selling your home? Listing first as a Private Exclusive allows you to extend the marketing runway of your home and signal to buyers and their agents that new inventory is coming to the market. Drive interest with exclusive marketing and gain insights before launching to the public.
What is a Private Exclusive?
Private Exclusives allow sellers to pre-market their upcoming home sale and give buyers an opportunity to prepare to make a competitive offer. These off-market listings are only visible to Compass agents and their qualified clients.
They don’t accumulate days on market, show price history, or appear on public home search websites.
Generate Buzz
Build early demand for your home before it hits the public market. Just like a movie trailer, a Private Exclusive signals to buyers that something is coming.
Test the Market
Avoid the negative impact from accumulating days on market and public price drops. Listing as a Private Exclusive gives you feedback from buyers on your aspirational price and positioning.
Maintain Privacy
Your privacy is valuable. Private Exclusives is a discreet service that ensures photos and floor plans of your home are not visible on public home search websites.
Looking to Buy in This Competitive Market?
Working with a Compass agent grants you access to privately listed inventory before the rest of the competition.
Get Access to Exclusive Inventory not Available at other Brokerages
In an inventory constrained market, access to listings is everything. Working with a Compass agent from the #1 brokerage in the U.S. opens the doors to homes that are not available to the public yet or may never hit the market.
Take Time to put Together Your Best Offer
Avoid bidding wars with other buyers and prepare the offer that makes the most sense for you, with expert guidance from your Compass agent.
Preserve Your Privacy
If the home you buy is put on the MLS, pictures of the home—your new home—will be on the internet for years to come. Avoid all that by buying a Private Exclusive.
Interested in learning more?
Reach out to McFadden Partners about listing your home as a Compass Private Exclusive!
