Our team takes a holistic and strategic approach to real estate. Our knowledge of the industry complemented by our resourcefulness and relationships, allows us to assist clients through the transaction and beyond. This unprecedented market can be challenging to navigate. Buyers can be left feeling defeated however we make it our job to alleviate these pressures and make sure our clients are well informed at every turn.
HOW WE SUPPORT BUYERS
TEAM STATS
AREAS SERVICED
Unless you are paying cash for the full price of your home, it is important that you get pre-qualified for a mortgage from a reputable bank or broker. A mortgage broker will determine how much the bank will lend you and determine the price range for your search. We have relationships with mortgage brokers that we work with on a regular basis and trust implicitly.
Now is the time to see the homes that pique your interest in person. We will set up showings for you and make you aware of open houses. You will be notified through Compass’ platform of all new listings and we will keep you abreast of any off-market properties that are available to purchase.
Once you identify a home you love and decide to make an offer, we will discuss the best approach to the offer inclusive of both the price and terms. The offer is packaged with either your pre-approval letter or proof of funds (in the case you are paying cash). It is not uncommon
for the seller to return with a counter-offer so we will guide you through this negotiation.
It is the buyer’s responsibility to determine which inspections they would like done prior to going to contract to determine the condition of the property. A building inspection is the most common and recommended inspection however depending on the home, you may choose to add a radon inspection, lead paint, well or septic inspection as well. The inspection occurs after you have an accepted offer but is part of your offer and terms. We will help you through this entire process from suggesting inspectors, to attending the inspections and reviewing the reports once they are completed. Time is of the essence as you only have a non binding agreement to purchase the property. The sooner this process occurs, the sooner you can move forward to contract signing.
We can recommend an attorney based on where you are purchasing and who is well regarded in the area. Your attorney’s job is vital to protecting your interests and reviewing the paperwork and title searches on your behalf. Your attorney will review the contract with you and once both parties are in agreement, you will sign and put 10% of the home cost into an escrow account.
Once you have decided on a lender it is important to supply them with all requested documentation to secure the loan. During this process, an appraiser will reach out to us to arrange an appraisal of the home. Once the home has been appraised and you have supplied all requested paperwork, your loan will be approved.
You will need to secure home owners insurance prior to closing. The bank will request a copy of your policy if you are receiving a mortgage. Additionally, you will want to arrange for utilities to be switched to your name on your closing date. This is usually inclusive of the electric & fuel companies. We will request a list from the seller’s agent of the utility companies in place as well as make our own recommendations if beneficial.
A final walkthrough of the property is scheduled and completed just before your closing. The walkthrough confirms that no damage has been done to the home since the time of the inspection and that the major systems and appliances are in working order.
Once all of the conditions of the contract have been satisfied, the closing is held. The closing documents are signed and payment is exchanged. If you are paying cash, you will arrange for a wire of the remaining 90%. If you are receiving a mortgage, you will wire the balance owed outside of your mortgage. After you have signed all of the closing paperwork, it usually takes a few hours for the wires to hit the seller's account. Once you receive word from your attorney that the home is officially closed and the wire was received, we will arrange delivery of the keys and you will be the proud new owner of the home!
Get a better understanding of common real estate language and practices.
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
Advanced approval from a bank or other lending institution for a home mortgage. The buyer provides a full financial picture and documentation to the lender, and goes through a preliminary underwriting process. Pre-Approval is critically important for a buyer to understand their true purchasing power and make their offer more attractive to sellers.
Assessment of the property’s market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser.
Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, and title insurance. If you are receiving a mortgage, your mortgage broker can provide a detailed breakdown.
Certain criteria that have to be met in order to finalize the sale
A background check on the property and the seller to ensure there are no outstanding debts or claims upon the property.
Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.
A fee paid to the local government to officially report a sale of a home; usually paid by the buyer.
Collections lets you compare multiple properties—their size, neighborhood, amenities—within a central visual workspace. We can monitor market activity in real time, stay in constant contact, and invite collaborators to join in on our search discussions.
Compass Search can sort by a wide range of features and amenities to pinpoint the perfect home. Plus, discover exclusive Compass listings you won’t find anywhere else and receive realtime 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.
No matter where your move may take you, our national Compass network can help!
In real estate, relationships are everything. Our national network of agents covers 45% of the country's population, making Compass a coast-to-coast network of collaborative, hardworking agents. When you're looking to move to a new area, We leverage these local and national connections to make your dream home yours.
brokerage based on Closed Sales Volume*
markets
agents
*Source: RealTrends article published 3/16/2022, based on Closed Sales Volume for 2021. This information is based on Compass’ 2021 public earnings report. Definitions: Closed Sales Volume – the total sales price of all the closed units. Listings Taken – number of properties that were listed for sale with a real estate agent. Listings Taken Volume – the total price of the listings that were placed on the market.
We go above and beyond to help our clients search for their perfect home, providing guidance and advice throughout every step of the buying process. Together, we'll collaborate closely to find homes that fit your needs, budget, and lifestyle. Working with our team means you'll have a seamless experience and be well positioned to make your dream home yours when you find it. We make sure our clients cross the home closing finish line with confidence and ease.
Beinfield Team
15 Corbin Dr Suite 106
Darien, CT 06820
Beinfield Team
