The Selling Process
The Compass Military Division will help you sell your home for the best price.
Understanding Your Basic Allowance for Housing (BAH)
For service members living off base, Basic Allowance for Housing (BAH) is a vital benefit designed to help cover the cost of civilian housing. While many military families use BAH for renting, leveraging this monthly allowance toward purchasing a home can be a smart step toward long-term financial security and stability—especially when paired with a VA loan.
01Let's Talk
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.
02Setting 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.
03Going Live
The listing is broadcast on Compass.com and sent across our 100+ partner sites for the duration of the selling process.
04Spreading 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 are produced and placed outside your property.
05Making Connections
Your agent continuously leverages professional contacts and the Compass Network Tool to find ideal buyer brokers. Open houses are hosted for both brokers and clients on an ongoing basis.
06Building a Strategy
Your agent conducts an assessment of the market response within the first 30 days of your listing going live. Feedback from agents and buyers is aggregated, and the listing strategy revised if needed.
07Communication
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.
08Negotiations
Once we receive an offer, your agent will contact you to review the terms of the offer and analyze the pros and cons. Together you will decide how to respond to the buyer in one of several ways: by accepting the offer, rejecting the offer, or making a counter offer.
09Escrow
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 to keep the process moving.
10Closing
Your Compass agent will monitor and coordinate all the details necessary to get you to the finish line. Once the buyer has performed their inspections, removed their contingencies, and the loan (if any) is ready to fund, your agent will arrange the final walk-through. At or near this time the escrow will close, payment will be made, and the keys will be handed over to the buyer.
Key Terms
Real estate glossary • quick reference
Appraisal
Assessment of the property's market value performed by a licensed appraiser.
Assessed Value
Value placed on a property for tax purposes by the local tax authority.
Closing Costs
Fees and expenses paid at the closing of a real estate transaction (loan, appraisal, escrow, etc.).
Closing Statement
Lists the final financial settlement between buyer and seller.
Contingency
Conditions that must be met for the sale to proceed (financing, inspection, etc.).
Conventional Mortgage
A mortgage not backed by a government program like FHA or VA.
Credit
Money given to the buyer by the seller at closing, usually through escrow.
Escrow
A neutral third party that handles funds during the home purchase process until closing.
Earnest Money Deposit
Buyer’s deposit (often ~3%) showing serious intent to purchase; refundable if contingencies fail.
Fixed Rate Mortgage
A loan with a stable interest rate and payment amount for the full term.
Home Warranty
A policy covering certain repairs of a newly purchased home for a limited time.
Preliminary Title Report
Shows the condition of title before a sale or loan closes; leads to final title insurance.
Title Insurance
Protects buyers and lenders from losses due to title disputes or ownership issues.
Recording Fees
Fees paid to record the sale with the local government, making it public record.
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