Vangorn Listing Presentation by oldhamgroup

3358 Vangorn Way San Jose, 95123 P R E PAR E D FOR HARDEEP TATLA

Sandy Albanese and Jennifer Oldham | Oldham Group

My Team

Sandy Albanese Silicon Valley Specialist Understanding the importance of a client relationship and working exceptionally hard for her clients is what Sandy strives for. She dedicates all her efforts and attention solely to her client’s needs. Sandy is a hard worker and a tough negotiator when it comes to getting her clients the best deal whether buying or selling a home. She is a Bay Area native and makes it a point to understand and stay knowledgeable in an ever-changing market. She understands the local housing market and has a great interest in architecture. Sandy believes that knowledge is power and pays attention to the granular details of her client’s needs. Self-motivated and driven with honesty and integrity, Sandy enjoys problem-solving and has the tenacity to

sandyalbanese https://www.compass.com/agents/sandy-albanese/

OLDHAM GROUP

Realtor® 408.802.6104 sandy.albanese@compass.com DRE 01919291 californialiving.me

get the job done. With the Oldham Group she is able to offer a full spectrum of client support from administration help, marketing tools, contractor recommendations and concierge service to support every aspect of your needs. When she is not working, Sandy enjoys traveling, exercising, going to the beach, and being with family and friends.

My Team

Jennifer and Andrew Oldham Team Leaders We understand a home is much more than where you rest your head at night. A home can be a lifetime of memories, an escape from stress, a feeling of security and love, and often a home represents the most significant financial asset of a family. Understanding the importance of a home is our job and our lifetime careers. It is our duty and our aspirations to see your transaction is not only as stress-free as possible but is a financially savvy move for you and your family. Compass and our team have innovated great programs like Compass Concierge, a program where we ensure your home achieves the highest price through cosmetic renovations. Beautifying your home will get the attention to attract the most buyers. And we do this with no points and costs, and we advance the expenses of this renovations at no cost to you. We do this because we want you to capture the equity you have earned over the years. Our team is very proud to have helped families realize their dream homes, start their real estate journeys, and transition to their next great life adventures. O LD H A M G RO U P

DRE #: 01207289 888.842.4930 theoldhamgroup@compass.com

From start to ﬁnish, you will be in capable hands, ensuring each detail is mastered. Trusted home improvement vendors and integral team members provide concierge service, while Andrew and Jennifer provide personal service and expert attention. Warmly embracing your real estate challenges, considerately guiding you through the process, systematically tackling each step, and responsively delivering your every need with calming conﬁdence.

oldhamgroupcompass Oldham Group | Compass Oldham Group at Compass californialiving.me

Notable Sales

Here is a snapshot of our top sales in your area.

10265 Merkley Row 4 BD 4 BA 4260 SF $2,520,000

1511 Shaw Drive 4 BD 3 BA 1885 SF $2,120,000

3438 Glamorgan Court 3 BD 2 BA 1710 SF $1,440,000

1635 Everett Avenue 3 BD 2 BA 1600 SF $2,800,000

1139 Hilford Court 4 BD 3 BA 2150 SF $2,000,007

2601 Peridot Place 3 BD 1 BA 960 SF $1,430,000

2215 Ventura Place 3 BD 2 BA 1078 SF $1,830,000

2019 Laurelei Avenue 4 BD 2 BA 1508 SF $1,470,000

3749 MacBeth Drive 3 BD 3 BA 1796 SF $1,060,000

About The Oldham Group The Oldham Group is a Collective of talented agents, staff, and support, led by Andrew and Jennifer Oldham - Founding Agents for Compass. Having closed over $1 Billion in sales volume during their career, Andrew and Jennifer lead a team that has substantially increased its business year over year while covering the expansive Silicon Valley, San Francisco Peninsula, and Monterey Peninsula real estate market. Because their agents have been selected based on their hyper-local expertise, they conﬁdently represent a vast coverage area with in-depth knowledge across Monterey Peninsula, Silicon Valley, and San Francisco Peninsula. With over 85 years of combined real estate expertise in marketing, law, title, design, and escrow, they provide their clients talents and expertise unparalleled in the California market. Combining their knowledge and experience with their love and passion for residential real estate, local expertise, exceptional marketing, personal service and the backing of the nation’s best luxury brokerage, Compass, they will prove to you the Oldham Group difference.

$300+M Closed Volume in 2021

Over 230 Transactions closed in 2021

#73 in Mega Teams Nationwide

#20 in Mega Teams in California

We let our clients do the talking. Sandy is great. She did beyond what an agent would do. We lived out of state. I only mailed her the keys. She took care of everything for us. She picked the ﬂooring materials and the color of the walls for our remodeling process. Her contractors did 1/3 of the price for everything comparing what other companies have asked for. She is friendly, hard worker, very responsive, and understandable. Cannot be happier with her.

SELLER

Sandy was perfect in every way. She had a very good knowledge of the local market. She was very kind and friendly apart from being great at her job. She always gave us good advice but at the same time she would listen to the things we suggested and supported us very well. We had quite a few last minute glitches with new issues coming up at our house that needed to be ﬁxed before open house and she was always accommodative and had a sense of humor about it. In fact, the people who were in her network doing the ﬁxing, staging etc. were equally professional. We loved working with Sandy as while house selling is a stressful environment, it does not have to give you a heart attack in the process :) And Sandy understood that and shared inputs and made the entire selling process seamless.

SELLER I just closed on a sale with Sandy and she is a dream to work with! From the listing preparation to the close of escrow, Sandy works diligently and always has my best interest at heart. Within a day of listing on the market, Sandy managed to get 2 very strong preemptive offers for me, both well exceeded my expectations. Sandy negotiated with the buyer to make sure that we took the highest offer with the best terms. The transaction was a tough one due to some unforeseen issues, but I'm so grateful that Sandy was always there for me to look out for my best interest and to help me ﬁgure out the best solution. We ﬁnally closed on the sale and I couldn’t have done it without Sandy!

SELLER

Marketing your home At The Oldham Group, we put an emphasis on modern marketing, taking a multi-pronged approach to the digital promotion of your property. This starts with a professional property website to properly showcase your home to interested buyers online. The The Oldham at Compass Logo/Banner first Group thing we do before marketing is Identify the buyer persona. For example, a Silicon The Oldham Group at Compass Logo/Banner

Valley engineer with a net worth of $3M who likes mountain biking and comic-con. Then, we

an emphasis on modern marketing, taking a multi-pronged approach to the digital promotion At The Oldham Group, wethat put an will emphasis on modern taking a multi-pronged approach digital promotion of create marketing attract thatmarketing, buyer persona to your lising.to the of a professional propertyThis website to aproperly showcase your home to showcase interested buyers your property. starts with professional property website to properly your home toonline. interested buyers online. Below is an example of one of our previous listing’s property website home page. The property website includes photos,

P R Olisting’s PERT Y W E Bwebsite S I T E home page. The property website includes photos, of our previous property videos, virtual tours, listing details and has the ability to submit contact information as an interested buyer. isting details and has the ability to submit contact information as an interested buyer.

The property website includes photos, videos, virtual tours, listing details and has the ability to submit contact information as an interested buyer.

With a property website, we run website traffic ads through Facebook and Instagram to drive visitors to the page. These ads run for the duration of the listing and are updated with status changes such as “Coming Soon”, “Just Listed”, and “Price Reduction”. Below is an example:

We also run weekly lead generation ads through the property website. These ads run through Facebook and direct viewers to the property website where they are asked to fill out a contact form. W WithE B S I T E this information, our team is able to call each lead and verify them as a potential buyer. Below is an example:

ebsite traffic ads through isitors to the page. These ng and are updated with Soon”, “Just Listed”, and is an example: With a property website, we run website traffic ads through Facebook Instagram to drive visitors to the We also and run weekly lead generation ads through the property page. These adsThese run for of the listing andviewers to the website. adsthe runduration through Facebook and direct are updated with statuswhere changes such as to “Coming Soon,” form. With property website they are asked fill out a contact this information, ourReduction.” team is able to call each lead and verify them as “Just Listed,” and “Price a potential buyer. Below is an example:

L E A D G E N E R AT I O N A D S

I N S TA G R A M A D S

FA C E B O O K A D S

Instagram receives the same weekly content pieces showcasing various features of your listing and are promoted the same as Facebook posts.

EMAIL MARKETING

We also target the listing area through email campaigns. These emails are sent for each status change on your listing and are full of information for potential buyers. When sending these emails, we create a list of potential leads in the area through a mix of home buyers in our team database as well as local homeowner leads from a third party real estate farming tool.

LINKEDIN ADS

To top off our digital listing campaign, we create and publish LinkedIn advertisements. Very similar to the Facebook ads, these content pieces are posted for status changes. They drive traffic to the property website as all of the digital marketing does.

Oldham Group Simple Sale How it works? 1. We, local experts, come to your house We are a team of licensed top real estate agent in your area so we know your market better than anyone.

2. We tour your property and snap some pictures Our agent will take a quick look at each room and be in and out in no time. No need to tidy up, our partner will buy your house as-is.

3. Our partner writes you a competitive cash offer Our partner uses our evaluation and their powerful pricing model to assess whether your home is eligible for the program and determine the best price to offer you. You’ll get an offer from them within a week.

4. You accept and receive cash for your home! You control the timeline and move when you’re ready. Your house is sold and cash is in your hand, often in as little as 10 days.

Oldham Group Simple Sale Simple Sale vs. Traditional Sale Simple Sale

Traditional Sale

Cash offer within a week No repairs or updates

No listings or showings No offer negotiation or buyer demands No home sale contingency on next home purchase No expensive double mortgage, bridge loan, or interim housing Close in as little as 10 days

Here’s how this compares for a home with an $800,000 valuation against a Traditional Sale. Home Valuation

$800,000

Sale price

$720,000

$800,000

Agent Fees Listing prep work & repairs Closing Costs Additional proceeds after market sale Average days to complete the sale

$52,000 $20,000 $8,000 $720,000

$720,000

Comparable Properties Report Prepared for Hardeep Tatla on 8/2/2022 South San Jose

3358 Vangorn Way

Sandy Albanese DRE #: 01919291 Realtor® 408.802.6104 sandy.albanese@compass.com

Pricing Recommendation Prepared for Hardeep Tatla on 8/2/2022 Recommended listing price

$1,400,000 to $1,550,000

About Your Listing Price

Agent's Notes

After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for [price].

II would like the opportunity for a home visit to go over any improvements or modifications that would add value.

* This represents an estimated sale price for this property. It is not the same as an opinion of value in appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal practice. The information contained herein is derived from the local MLS and does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. Changes in price, condition, sale, or withdrawal may be made without notice. All measurements and square footage are approximate. Equal Housing Opportunity. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This is not intended to solicit property already listed. Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467.

Subject Property Prepared for Hardeep Tatla on 8/2/2022 South San Jose

3358 Vangorn Way Property Information

Transaction Information

Property Type: Beds: 3 Baths Full / Half: 2 Sq. Ft.: 1,722 Lot Size: Year Built: Taxes: HOA Fees:

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

Comparables Summary

Prepared for Hardeep Tatla on 8/2/2022

Sold BATHS FULL /

ORIGINAL

LAST ASKING

MONTHLY

ADDRESS

BED

HALF

LOT

LISTING PRICE PRICE

CLOSING PRICE PPSF

LISTED

CONTRACT

SOLD

DOM

3934

2/0

1,501

7,124

$1,499,000

$1,199,000

$1,400,000

$933

CHARGES

5/13/22

6/3/22

7/1/22

2/0

1,735

7,032

$1,450,000

$1,396,000

$805

4/26/22

5/15/22

6/21/22

2/0

1,581

5,500

$1,488,888

$1,500,000

$949

5/9/22

5/26/22

6/21/22

2/1

1,798

8,611

$1,650,000

$1,500,000

$834

4/16/22

5/3/22

5/13/22

2/0

1,655

6,090

$1,600,000

$1,525,000

$921

5/16/22

6/14/22

7/14/22

1,654

6,871

$1,537,578

$1,477,578

$1,464,200

$888

Thainwood Way 2785 Flint Ave 377 Sposito

$34

Cir 2948 Mitton Dr 2827 Silver Ests AVERAGES

$34

Price & Days On Market Sold (5)

Trend Line

$1,540,000 5

$1,520,000

$1,500,000

4 3

Price

$1,480,000

$1,460,000

$1,440,000

$1,420,000

$1,400,000

$1,380,000 12.5

17.5

22.5

27.5

Cumulative Days On Market

3934 Thainwood Way Evergreen, San Jose

2 2785 Flint Ave Evergreen, San Jose

3 377 Sposito Cir San Jose

5 2827 Silver Ests Evergreen, San Jose

† Trend Line Based On Sold And Pending Listings Only All information provided is deemed reliable but is not guaranteed and should be independently verified.

4 2948 Mitton Dr Evergreen, San Jose

Price & Size Sold (5)

Trend Line

$1,540,000 5

$1,520,000

$1,500,000

Price

$1,480,000

$1,460,000

$1,440,000

$1,420,000

$1,400,000

$1,380,000 1500

1550

1600

1650

1700

1750

1800

Size (Sq Ft)

3934 Thainwood Way Evergreen, San Jose

2 2785 Flint Ave Evergreen, San Jose

3 377 Sposito Cir San Jose

5 2827 Silver Ests Evergreen, San Jose

† Trend Line Based On Sold And Pending Listings Only All information provided is deemed reliable but is not guaranteed and should be independently verified.

4 2948 Mitton Dr Evergreen, San Jose

3358 Vangorn Way Sold A.

3934 Thainwood Way

2785 Flint Ave

377 Sposito Cir

2948 Mitton Dr

2827 Silver Ests

Subject Property

Comparable Property A

Comparable Property B

Comparable Property C

3358 Vangorn Way

3934 Thainwood Way

2785 Flint Ave

377 Sposito Cir

San Jose, CA

MLS: ML81891745

MLS: ML81888668 Adj

Status Bedrooms Baths Square Feet PPSF Original Listing Price Last Asking Price Closing Price HOA Fees Condo/Co-op Fees Taxes Listed Date Contract Date Sold Date DOM - Days on Market Lot Size Property Type Year Built Total Adj Total Adj Value

MLS: ML81890750 Adj

Adj

3 2 1,722 -

Sold 3 2 1,501 $933 $1,499,000 $1,199,000 $1,400,000 May 13, 2022 Jun 03, 2022 Jul 01, 2022

Sold 4 2 1,735 $805 $1,450,000 $1,450,000 $1,396,000 Apr 26, 2022 May 15, 2022 Jun 21, 2022

Sold 4 2 1,581 $949 $1,488,888 $1,488,888 $1,500,000 $412 / Yr May 09, 2022 May 26, 2022 Jun 21, 2022

7,124 SF / 0.16 AC Single Family 1979 $0 $1,400,000

7,032 SF / 0.16 AC Single Family 1973 $0 $1,396,000

5,500 SF / 0.13 AC Single Family 1971 $0 $1,500,000

Subject Property

Comparable Property D

Comparable Property E

3358 Vangorn Way

2948 Mitton Dr

2827 Silver Ests

San Jose, CA

MLS: ML81887300

MLS: ML81892013 Adj

Adj

3 2 1,722 -

Sold 3 2.5 1,798 $834 $1,650,000 $1,650,000 $1,500,000 Apr 16, 2022 May 03, 2022 May 13, 2022

Sold 4 2 1,655 $921 $1,600,000 $1,600,000 $1,525,000 May 16, 2022 Jun 14, 2022 Jul 14, 2022

8,611 SF / 0.20 AC Single Family 1985 $0 $1,500,000

6,090 SF / 0.14 AC Single Family 1973 $0 $1,525,000

Evergreen

3934 Thainwood Way Property Status Sold Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Transaction Information Original Listing Price: $1,499,000 Last Asking Price: $1,199,000 Closing Price: $1,400,000 PPSF: $933 Listed Date: 05/13/2022 Contract Date: 06/03/2022 Sold Date: 07/01/2022 DOM: 13

Property Information Property Type: Single Family Beds: 3 Baths Full / Half: 2 Sq. Ft.: 1,501 Lot Size: 7,124 SF / 0.16 AC Year Built: 1979 Taxes: HOA Fees:

Gorgeous remodeled in Evergreen Area. Newly remodeling with beautiful kitchen cabinetry, quartz counter top & stainless steel appliances. waterproof laminate floor through out, beautiful porcelain walls in bathrooms, upgrade bathrooms, crown molding throughout, copper pipe plumbing, dual pane window, new texture, interior/exterior paint, composition roof, designed lighting, Pre-wire Cat-5E. Professionally landscaped, stamped concrete, retaining wall with ledger stone. Must see!

3934 Thainwood Way

Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Evergreen

2785 Flint Ave Property Status Sold Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Transaction Information Original Listing Price: $1,450,000 Last Asking Price: $1,450,000 Closing Price: $1,396,000 PPSF: $805 Listed Date: 04/26/2022 Contract Date: 05/15/2022 Sold Date: 06/21/2022 DOM: 19

Property Information Property Type: Single Family Beds: 4 Baths Full / Half: 2 Sq. Ft.: 1,735 Lot Size: 7,032 SF / 0.16 AC Year Built: 1973 Taxes: HOA Fees:

Spacious corner lot with open floorplan, this lovely home is within close proximity to Shopping, Dining, Schools, Parks and highways for the commuter. Formal Living room, Kitchen with granite countertops, tile backsplash, stainless steel appliances to include a gas range/oven, microwave and dishwasher, tile flooring and recessed lighting, Eat in kitchen area, Formal Dining room with tile flooring and recessed lighting, Step down Family room with recessed lighting opens to the dining area, Central heat and AC, Patio area with pavers and overhang ideal for entertaining, low maintenance yard with lush lawn area, original garage space converted to living space with permits, separate enclosed garage area

2785 Flint Ave

Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Evergreen

San Jose

377 Sposito Cir Property Status Sold Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Transaction Information Original Listing Price: $1,488,888 Last Asking Price: $1,488,888 Closing Price: $1,500,000 PPSF: $949 Listed Date: 05/09/2022 Contract Date: 05/26/2022 Sold Date: 06/21/2022 DOM: 17

Property Information Property Type: Single Family Beds: 4 Baths Full / Half: 2 Sq. Ft.: 1,581 Lot Size: 5,500 SF / 0.13 AC Year Built: 1971 Taxes: HOA Fees: $412 / Yr

Exquisitely Renovated Parkview Community Home. You Will Fall In Love W The Designer Finishes This Home Offers! Vaulted Ceiling In The Spacious LR W Brick Fireplace & Hearth & Beautiful Mantle. Gourmet Kitchen For The Foodie Who Loves To Cook & Entertain. 8 ft X 4 ft Island W Seating & Space For Cooking In Groups! Shaker Cabinets W Quartzite Countertops & Mosaic Backsplash, SS Appliances! 2 Elegant Bathrooms W Wonderful Floor to Ceiling Design, Rain Shower & Sink Faucets, & Light Fixtures In Matt Black Accents! Spacious Primary Suite W Oversized Closet! DP Windows, Laminate Flooring, Base & Crown Moulding, Ceiling Fans, Bright Lighting, & Fresh Paint Throughout! Newer Roof & Gutters, HVAC, Copper Plumbing, & Solar System! Parkview Community Has 3 Parks & Community Swimming Pool! Walking Distance To The 287 Acre Martial Cottle Park, Enjoy Walking, Jogging, Picnics, & Much More In This Amazing Traditional Urban Park! Close To All Major Fwys & Public Transportation!

377 Sposito Cir

Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

San Jose

Evergreen

2948 Mitton Dr Property Status Sold Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Transaction Information Original Listing Price: $1,650,000 Last Asking Price: $1,650,000 Closing Price: $1,500,000 PPSF: $834 Listed Date: 04/16/2022 Contract Date: 05/03/2022 Sold Date: 05/13/2022 DOM: 17

Property Information Property Type: Single Family Beds: 3 Baths Full / Half: 2.5 Sq. Ft.: 1,798 Lot Size: 8,611 SF / 0.20 AC Year Built: 1985 Taxes: HOA Fees:

Gorgeous Two Story Home Located in the Heart of Evergreen Valley with Very Desirable Schools. Cedar Grove Elementary, Quimbly Oaks Middle, and Evergreen Valley High. Recently Updated in 2018. New Paint and Carpets on the Upper Floor. New Hardwood Floors and Vaulted Ceilings in the Living/Dining Area. New Updated Kitchen with New Appliances Overlooking a Cozy Family Room with Gas Fireplace. All New Air Conditioning Unit. 3 Car Garage with Completely New Surface Material. Near Shopping, Dining, and Transportation.

2948 Mitton Dr

Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Evergreen

2827 Silver Ests Property Status Sold Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Transaction Information Original Listing Price: $1,600,000 Last Asking Price: $1,600,000 Closing Price: $1,525,000 PPSF: $921 Listed Date: 05/16/2022 Contract Date: 06/14/2022 Sold Date: 07/14/2022 DOM: 29

Property Information Property Type: Single Family Beds: 4 Baths Full / Half: 2 Sq. Ft.: 1,655 Lot Size: 6,090 SF / 0.14 AC Year Built: 1973 Taxes: HOA Fees:

A Single Story Home 4bd/2ba in Desirable Silver Estates Neighborhood W/ Top Ranked Schools! The kitchen has plenty of storage, solid surface counter tops, for easy cleaning and recessed lighting. A nice separate dining room and the Living room has a large picture window. Additional Family room with a fireplace. New interior paint throughout, some solid oak hardwood floors and all new flooring in the living room and bedrooms. Solar can keep the bills low and air conditioning to keep you cool. Good sized backyard with covered patio, beautiful grass, and a shed. A great floor plan for multi-generational living in a wonderful neighborhood with top ranked schools: Tom Matsumoto Elementary School and Chaboya Middle School. Regarding high school, according to East Side Union High School District, Evergreen Valley High with an option to attend Silver Creek High, parents' choice.

2827 Silver Ests

Comparable Property Details Prepared for Hardeep Tatla on 8/2/2022

Evergreen

Spreading the Word The Compass marketing team produces beautiful print collateral to strategically showcase your property. Your agent develops and executes an intelligent, effective paid marketing

plan in relevant publications. Eye-catching property signs

Let’s Talk

are produced and placed outside your property.

Meet with your Compass agent to discuss your plans and goals, trends in the current marketplace, and assess your property’s qualities and characteristics. Your Compass agent will analyze comparable property sales, assess the competition, work with you to determine pricing strategy, and outline a strategic plan to achieve the best possible result for you as a seller.

Setting the Stage From applying a fresh coat of paint to rearranging furniture, your Compass agent will ensure that the property is visually ready for showing. Your agent will schedule a professional photo shoot, commission an illustrative floor plan, and prepare a listing description. At this time, you should also sit down with your agent and complete the Seller Disclosure documents that will be necessary for the transaction.

Going Live The listing is broadcast on

Making Connections

Compass.com and sent across

Your agent continuously

our 100+ partner sites for the

leverages professional contacts

duration of the selling process.

and the Compass Network Tool to find ideal buyer brokers. Open houses are hosted for both brokers and clients on an ongoing basis.

09 Escrow

Once a contract has been agreed to and signed by all parties, an escrow will be opened and the buyer’s contingency period will begin. Timelines for the completion of buyer and seller responsibilities will be listed in the purchase contract and adhered to in the escrow. Your Compass agent will keep a close eye on the timelines and ensure that you are in compliance with your responsibilities, while also holding the buyer’s side to task

Building a Strategy Your agent conducts an assessment of the market response within the first 30

to keep the process moving.

Negotiations

10 Closing

Your Compass agent will monitor and coordinate all the details

days of your listing going

Once we receive an offer,

necessary to get you to the finish

live. Feedback from agents

your agent will contact you to

line. Once the buyer has

and buyers is aggregated,

review the terms of the offer

performed their inspections,

and the listing strategy

and analyze the pros and cons.

removed their contingencies, and

revised if needed.

Together you will decide how to

the loan (if any) is ready to fund,

respond to the buyer in one of

your agent will arrange the final

several ways: by accepting the

walk-through. At or near this time

offer, rejecting the offer, or

the escrow will close, payment will

making a counter offer.

be made, and the keys will be

Communication You and your Compass agent will establish the best method and frequency of communicating as the process unfolds. Your agent will provide you with regular feedback and will keep you updated with continuous traffic metrics and information from the market.

handed over to the buyer.

Key Terms

Appraisal Assessment of the property’s market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser. Assessed Value Value placed upon property for property tax purposes by the Tax Collector. Closing Costs Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, title insurance and escrow fees. Closing Statement The statement which lists the financial settlement between Buyer and Seller, and the costs each must pay. Contingency Certain criteria that have to be met in order to finalize the sale. Conventional Mortgage A mortgage or Deed of Trust not obtained under a government insured program such as FHA or VA. Credit Money given to a buyer from a seller through escrow at closing. Escrow A neutral third party that handles the transfer of any money during the sale of a home from initial deposit to final funding and closing. Earnest Money Deposit Buyers in California usually deposit 3% of the purchase price to show that the buyer is serious about purchasing the home. It is usually refundable in the event a contingency in the sales contract cannot be met. Fixed Rate Mortgage A loan on which the interest rate and monthly payment do not change. Home Warranty A policy that covers certain repairs (e.g. plumbing/heating) of a newly purchased home for a period of time, typically one-year. Preliminary Title Report A report showing the condition of title before a sale or loan transaction. After completion of the transaction, a new title insurance policy will be issued. Title Insurance Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property. Recording Fees Money paid to the lender for recording a home sale with the local authorities, thereby making it part of the public records.

Sandy Albanese DRE #: 01919291 Realtor® 408.802.6104 sandy.albanese@compass.com

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License # 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467.