Buyers

The Compass marketing team produces beautiful print collateral to strategically showcase your property. We develop and execute an intelligent, effective paid marketing plan in relevant publications. Eye-catching property signs are produced and placed outside your property.

Day 1 Once offer is accepted, escrow is officially open and the clock begins on contingencies*

Day 2 Contact your insurance agent for homeowners coverage

Day 3 Initial deposit is due per terms of agreement 

Day 1–17 Seller delivers disclosures to buyer. Buyer performs inspections (Step 6)

Day 1–21 Loan is in underwriting and appraisal occurs (Step 7)

Day 7–30 | 21–45 Seller signs grant deed and staging is removed, if any (Step 7) 

End of Escrow Within final week of escrow period, buyer signs loan and closing documents and wires in closing funds (Step 10)

Day 30–45 Loan funds and escrow closes (recordation) 

*This escrow process is based on a standard 30–45 day transaction

It is the buyer’s duty to schedule all desired home inspections and determine the overall condition of the property within the agreed timeline and contractual contingencies. Buyer 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.

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