EXPERIENCE A NEW STANDARD IN REAL ESTATE

DISCOVER THE #MBHDIFFERENCE

THE MANTRA

WELCOME TO YOUR BUYER’S GUIDE

Welcome to your comprehensive Buyer’s Guide to Purchasing a Home- your roadmap to navigating the exciting journey of finding and acquiring your dream home. Whether you’re a first time buyer or a seasoned investor, this guide is designed to equip you with the knowledge and insights needed to make informed decisions throughout the home buying process. From understanding your budget and securing financing to exploring neighborhoods and evaluating properties, we’ve got you covered!

FACT SHEET

THE PROCESS

FIND AN AGENT


  • Set up a time to sit down with me to discuss the neighborhoods and you’re considering and how I can help guide your search.

HOME INSPECTIONS


  • It is the buyer’s duty to select all desired inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. You will also review the disclosures and preliminary title report. You may approve or negotiate credits/repairs. Prior to closing, remember to schedule a final walk-thru of the property to verify property is still in acceptable condition and any negotiated repairs were done.

GET PRE-QUALIFIED


  • Before beginning your search, your first step is to get pre-qualified for a mortgage loan (unless you will be paying the full price of your home in cash). I can recommend mortgage brokers. Based on your income and credit history, the mortgage broker will determine how much a bank will lend you, which will help determine the price range for your search.

LOAN AND APPRAISAL


  • Organize an appraisal with your bank. Your completed mortgage application with all supporting documentation should be submitted to your chosen lender upon receipts of the fully signed Purchase Agreement. The bank then issues loan approval. Consequently, you’ll wire the closing funds with the homeowner’s insurance in place, and then the loan will be funded with clearance to close.

VISIT PROPERTIES

  • Now is the time to consider your ideal home’s location and amenities. You will attend viewings and open houses spanning a range of areas and property types. Additionally, I will activate notifications for exclusive Coming Soon and Off- Market properties as they hit the market.

SUBMIT AN OFFER AND NEGOTIATE


  • Once you identify a home you like, you can put in an offer, which is an agreement to pay a certain price for the home. This offer is packaged with a Proof of Funds (POF) and Pre-Approval Letter. Note: if your offer is lower than the list price or with terms not acceptable to the seller, the seller can return with a counter-offer price or acceptable terms, which you can accept, reject, or make another counter offer. I will provide advice throughout.

ATTORNEY REVIEW

  • Your attorney’s job is vital to protecting your interests, and to review paperwork on your behalf. You will want to select an attorney who is familiar with these transactions. I can provide you with a recommended list of well regarded attorneys in the area.

FINAL WALKTHROUGH

WELCOME HOME!


  • A final walkthrough of the property is scheduled and completed just before closing. The walkthrough confirms that no damage has been done to the home since the time of inspection and that the major systems and appliances are in working order.

CLOSING


  • Once all the conditions of the contract have been satisfied, the closing is held. The closing documents are signed, payment is exchanged, and you receive the keys to your new home!


  • Congratulations! You are now a homeowner.

SELLING WITH US

COLLECTIONS

Collections let you compare multiple properties- their size, neighborhood, amenities-within a central visual workspace. I can monitor market activity in real time, stay in constant contact, and invite collaborators to join in on our search discussions.

SEARCH

. Compass search can sort by a wide range of features and amenities to pinpoint the perfect home. Plus, discover exclusive Compass listings you wont find anywhere else and receive real time notifications of new homes with customized Saved Searches!

What buyer isn’t looking for an edge over the competition? Browse unique properties that are only viewable on Compass.com and discover your future home before it even hits the market.

COMING SOON AND
PRIVATE EXCLUSIVES

FACT SHEET

KEY TERMS

APPRAISAL


  • Assessment of the property’s market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser.

CONTINGENCY

  • Certain criteria that have to be met in order to finalize the sale.

FINAL WALKTHROUGH


  • The buyer reviews the house just before closing to make sure everything is in the same condition that all home inspection items are fixed.

PRE-APPROVED

  • Advanced approval from a bank or other lending institution for a home mortgage.

TITLE INSURANCE


  • Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.

ASSESSED VALUE


  • Value placed upon property for property tax purposes by the tax collector.

DEBT-TO-INCOME RATIO

  • The percentage of an individual’s monthly gross income relative to the amount of debt owed.

INSPECTION


  • An expert conducts a formal review of the property to find visible issues that need to be repaired. Buyers typically make their offers contingent on an inspection, but sellers can conduct a pre-offer inspection to appeal to buyers. The buyer may choose to do additional inspections like radon and a sewer scope.

PRE-QUALIFIED

  • Potential buyers provide an overall financial picture and mortgage brokers provide an estimate of what level of loan you will likely be pre-approved for.

CLOSING COSTS


  • Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, and title insurance.

EARNEST MONEY DEPOSIT (EMD)

  • A good faith deposit the buyer makes with an offer to show that you are serious about buying the property. In exchange, the seller agrees to stop marketing the property.

LIEN SEARCH


  • A background check on the property and the seller to ensure there are no outstanding debts or claims upon the property.

RECORDING FEES

  • A fee paid to the local government to officially report a sale of a home; usually paid by buyer.

CONTACT

LET’S CHAT!

ADDITIONAL ADVANTAGES OF HAVING US AS YOUR BROKERS

  • Our direct relationship with development teams citywide that gives you access to exclusive pre-construction investment opportunities in condos and single family homes.

  • 1) Compass Concierge

    With Compass Concierge, get fronted for the cost of home improvement services with no interest dash ever, helping you sell your home faster and for a higher price with services like staging, flooring, painting, and more.

    2) Compass Private Exclusives

    With Compass Private Exclusives, you get the convenience of selling your home while keeping your privacy, controlling what information is shared about you and your home while still getting exposure to top agents at Compass.