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Buyers

Intro

The East Bay is one of the most desirable real estate markets in the world, and we understand that navigating the property buying process can seem challenging. However, with the expertise and breadth of knowledge of your Compass agent, you are in trusted hands. We will guide and advise you during every step of the buying process to help you find the perfect home that fits your needs, budget, and lifestyle.

Before you start

  1. What is your price range?
  2. What type of property are you looking for? (single-family home, condo, TIC)
  3. Do you have any preferred neighborhoods?
  4. Do you have pets?
  5. Do you have children?
  6. Is school proximity an important factor for you?
  7. Is proximity to public transportation an important factor?
  8. What amenities are most important to you? (parking, yard, etc.)

How to Buy a Home:

1
Find an Agent

Reach out to your Compass Agent, a licensed real estate professional. They will work as your advocates and trusted advisors to help guide your search.
2
Get Pre-Qualified

Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying in cash for the full price of your home). Your Compass agent can connect you to a mortgage advisor. Based on your income and credit history, the mortgage advisor will determine how much a bank will lend you, which will help you determine the price range for your search.
3
Visit Properties

Attend viewings and open houses spanning a range of areas and property types. Now is the time to consider your ideal location and amenities.

4
Negotiate

Reach an agreement with the seller on price and terms. Once you have seen a home you like, you can place an offer, which is a non-binding agreement to pay a certain price for the home. If your offer is lower than the list price, the seller will likely return with a “counter offer”, which you can choose to accept, reject, or counter. Your Compass agent will advise on pricing throughout the process.
5
Review Contract and Disclosure Package

Analyze the contract of sale, disclosures and other documents with your attorney and/or agent. Your attorney and/or agent’s job is vital to protecting your interests and understanding the disclosure package.
6
Submit Formal Offer

Work with your agent to submit your final offer which includes contract and disclosure package.

7
Seller Approves the Purchase

Once price is agreed upon and the seller approves your offer, you are one step closer becoming a home owner!
8
Final WalkThrough with Your Agent

A final walk-through ensures that the property’s condition hasn’t changed since your last visit and that the terms of your contract will be met.
9
Closing of Escrow

Congratulations, you are now a home owner!

The flow of a real estate transaction

Real Estate Transaction Flowchart