Real Estate News

1 min read

How Did an Oakland Home Go From Fixer-Upper to Market-Ready?

By David Zadareky on Oct 4, 2019 12:01:49 PM

In today's real estate market buyers are demanding move-in ready homes. Buyers are extremely well informed and have strong opinions about a home's peak market value. When a home is not in peak condition buyers tend to deduct 2-3 times the actual cost to bring the home to peak value. They don't want to deal with the hassle and are unsure of the actual cost. For sellers this means the condition of the home is really their only competitive advantage.

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Compass Culture Recognized

By David Zadareky on Oct 3, 2019 6:01:56 AM

We're thrilled to share our feature in Nasdaq's Cultural Capital series, which celebrates organizations that are committed to creating world-class workplace culture. At Compass, building a place of belonging for everyone is one of our core values, and we know that it's the people who make this company so special.

Topics: About Compass
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Compass Concierge Guarantee

By David Zadareky on Oct 1, 2019 9:09:54 AM

Strategically improving the condition of the home achieves higher profits for the seller from the sale of the home. However, in the past, not every seller could afford the up front costs of these renovations. Determining which project to do, and which vendors to do them, presented additional obstacles for home owner.

Compass has created a process called Compass Concierge to solve this issue. The Compass Concierge program will pay the up front costs associated with preparing a home for sale. The costs are repaid from the sellers net proceeds at settlement. There are no interest charges, or additional mark up fees to the costs of the pre-sale renovations.  The Compass agent helps the seller determine which projects represent the higher return on investment, and help find vendors to do the work for the seller.

Compass recently announced the following guidelines for the program.

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