• What is your price range?
• What type of property are you looking for? (single-family home, condo, TIC)
• Do you have any preferred neighborhoods?
• Do you have pets?
• Do you have children?
• Is school proximity an important factor for you?
• Is proximity to public transportation an important factor?
• What amenities are most important to you? (parking, yard, etc.)
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.
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.
Attend viewing and open houses spanning a range of areas and property types. Now is the time to consider your ideal location and amenities.
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.
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.
Work with your agent to submit your final offer which includes contract and disclosure package.
Once price is agreed upon and the seller approves your offer, you are one step closer to becoming a home owner!
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.
Congratulations, you are now a home owner!
Rick Avery
CalBRE# 01704234
891 Beach Street 525 First Street E.
San Francisco CA 94109 Sonoma, CA 95476
415.710.5014 707-732-8553
rick.avery@compass.com
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. Licensed real estate brokerage firm in California. License #01991628 ©Compass. All Rights Reserved. 2012 - 2016 Made in NYC