The Buying Process
For your convenience, we’ve pulled together a brief overview of key steps for buying a home. For a more comprehensive deep-dive into all aspects of the buying process, download our Buyer’s Book.
1. Financing
As you begin looking for your dream home, the first step is to lock in your financing. Our experienced financing team will tailor a lending solution that works specifically for you. When possible, they will fully underwrite buyers, making their offers as compelling as all-cash.
2. Search
From location and size to architectural style—we’ll work with you to assess your priorities when looking for a home. We have cutting-edge tools that provide the most up-to-date listings at your fingertips. Plus, with Compass Private Exclusive listings, we have access to prime properties before they even hit the market.
3. The Offer
You’ve found a place you want to call your own, you’ve reviewed the disclosures, and you’re ready to pull the trigger. This next step can get complicated — and here’s where we come in. We take pride in obsessing over every detail to ensure your offer shines through. And, our strong relationships with local real estate agents offer advantages to you that are simply priceless.
4. Escrow
After your offer is accepted, an escrow account is opened. You submit a good-faith deposit, or Earnest Money Deposit (EMD), which is 3% of the purchase price. While you’re in escrow, an entire team of people — lenders, title officers, inspectors, appraisers, to name few — are working diligently behind the scenes to help close the deal. When contingencies (if any) are removed, your remaining deposit is submitted, the loan is funded, and you’re clear to close.
5. Closing
Once all the paperwork is signed and the deed is recorded, escrow is officially closed — and the home is yours. Congratulations, you did it! You are now a happy homeowner. To make sure your move goes smoothly, follow our checklist.
Getting ready to jump into the market?
Let us guide you home.