Compass is the only real estate brokerage brand that speaks to the next generation of luxury buyer exquisitely. This ‘next generation’ (of all ages) work in industries that have advanced far
Steps To Buying A Home
Dated: 05/15/2013
Views: 1222
Buying home can be an
very fun and strenuous time in your life. To help you understand
the home buying process here are some steps on what to expect.
Step 1
Work with a Lender to get your pre-approval completed so you know what price range you will be looking at.
Step 2
After the seller Accepts your offer your escrow period count down starts. At this time we now have an executed or ratified contract.
Step 3
Any Earnest Money you have agreed to needs to be deposited to the Escrow account. Make sure you write the escrow number on the check if you are not doing a wire transfer.
Step 4
If there is a Physical Contingency Period you can inspect the property during this time. Any repairs the seller agrees to have completed should be completed prior to close of escrow unless agreed upon differently.
Step 5
Your lender is working from the 1st day of acceptance to get your appraisal ordered and your loan file ready for underwriting to give a formal approval of your loan. ( If Loan is Obtained for the purchase)
Step 6
The title company will collect all the necessary documents needed from all parties. (Seller(s), Buyer(s), Lender, and agents).
Step 7
When we close all parties will work from a HUD-1 Settlement statement. The HUD- will tell you the charges associated with the purchase of your home.
Step 8
Funding takes place. (Normally the day before closing)
Step 9
The county Records the Grand Deed
Step 10
Your Key Exchange to your new home! CONGRATULATIONS!!!
You Are officially a New Home Owner!
Latest Blog Posts
Compass ran an analysis on homes that are priced less than 2MM in Contra Costa County and throughout #DiabloValley area. Compass compared overpricing a home with those priced at fair market value.
Winter is here you can feel the chill in the area coming from Pacific ocean off the bay. This week, especially today with the strong winds making a mess of all the leaves that everyone did their
Proposition 5 qualified for the ballot this year with over 1 million signatures from registered voters. If this proposition passes it will enable homeowners who are 55+ to sell their existing
Bay East© 2019. CCAR© 2019. EBRD© 2019. Information deemed reliable but not guaranteed. This information is being provided by the Bay East MLS or CCAR MLS or EBRD MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Data Updated: February 23, 2019 11:54 AM
The data on our web site is taken from third-party sources, and has not been verified by Compass Real Estate - EastBayPro Team or its agents.
*Our readers should independently verify
