Compass Bridge Loan: A simple solution to bridge the gap between the home you have and the home you want.


Compass Bridge Loan Services gets you access to competitive rates and dedicated support from industry leading lenders, with the exclusive option to get up to six months of your loan payments fronted when you sell your home with a Compass agent. 



A bridge loan is a short-term loan that uses the equity from your current home to help you make an offer on a new one, without rushing to sell. 

Our Solution 

After months of research, Compass has selected lenders that are offering competitive rates and dedicated service for Compass clients. Already working with a lender you love? No problem. This unique solution lets you choose the provider that works best for you. 

Bridge Loan Advance 

Work with a Compass agent to sell your current home and get up to six months of your bridge loan payments and other associated costs fronted – an exclusive offering for Compass clients, regardless of the lender you use. 




Is Your Money Tied Up In Your Current Home? 

If you need to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home – like for a down payment or mortgage payments. Once your current home sells. you’ll use the proceeds to pay the bridge loan back. 

Do You Need To Move Within A Specific Timeframe? 

If you’re relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to , without having to wait for your old home to sell. 

Does Your Home Require Renovations Or Other Work? 

Wether you’re using Compass Concierge to increase your home’s value, or are making improvements on your own, it may be easier to have construction work done when you’re out of the house. A bridge loan can help you move faster so you’re out of the house while those improvements are being completed. 



1. Work with your Compass agent to search for your next dream home. 

2. Get pre-approved for a bridge loan with a lender of your choice, such as Better.com or Freedom Mortgage.

3. Learn more about getting the first six months of your bridge loan payments fronted via the Bridge Loan Advance by Notable. 

4. Sign an exclusive listing agreement with your Compass agent to sell your current home. 

5. If needed, use your bridge loan to purchase and move into your new home while your Compass agent works to sell your current home. 

6. When your old home sells, simply use the proceeds to pay back the bridge loan and Bridge Loan Advance. 


Next Step: Finding A Lender

While Compass clients are encouraged to find the best lender for them, Freedom Mortgage and Better.com are industry-lending lenders who offer short-term financing and are a part of Compass Bridge Loan Services. 

Compass Concierge: Get fronted for the cost of home improvement services with no interest — ever.


Compass Concierge is the hassle-free way to sell your home faster and for a higher price with services like staging, flooring, painting, and more. 



Your Compass agent will help you determine which services can deliver the greatest return on your investment. 


The entire process is designed for speed, so that work can begin – and your home can sell – as quickly as possible. 


You’ll never have to worry about upfront costs or interest. 


Your Compass agent will be by your side throughout the process, advising you doing the way. 



1. You and your agent work together to decide which services can increase your home’s value the most and set an estimated budget for the work. 

2. When you’re ready to start, your Compass agent will be by your side as you engage vendors and commission work. 

3. Once the transformation is complete, your home will go on the market. 

4. You’ll pay for the services when one of the following happens – your home sells, you terminate your listing agreement with Compass, or 12 months pass from your Concierge start date. 



Are There Any Services Not Covered By The Program? 

Our goal is for Concierge to help as many clients as possible. The program is intentionally flexible; we’ve developed Concierge to be used with most vendors for your convenience. 

When do i have to pay for the services? 

You’ll pay once on of the following happens (whichever occurs first): – Your home sells – You terminate your listing agreement with Compass – 12 months pass from your Concierge start date.

How Can I Participate In The Program? 

Easy! Call your Compass agent today to find out how to participate. Not yet working with one? Use the form to get started. 


Real Estate Math: How Much Do I Need To Save For A Down Payment On A House?

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By Tara Mastroeni | Forbes.com

If you’ve been thinking of buying a house, you probably know that you should start saving up toward a down payment. However, if you’ve ever asked yourself how much you should be saving, you’re not alone. I’ve broken down the math for you below. Use these equations – and calculators – provided to figure out your savings goal.

Find out how much you can afford to pay in housing costs each month

Conventional wisdom states that housing expenses should never exceed 28% of your total monthly income. Using that figure, if you make $5,000 per month, that would translate to a monthly housing payment – which should include additional costs like taxes, mortgage insurance, and HOA fees – of $1,400 per month.

To find your amount, the math would look like this:

Your monthly take home pay x 0.28 = Your ideal monthly housing payment

Learn how much house you can afford

Once you have your ideal monthly housing payment in hand, you can use that to find out how much house you can afford. To do this, you’ll also need some additional information. You’ll also need a projected annual interest rate and the number of monthly payments you’ll make over the life of the loan

Today In: Consumer

The formula for this is as follows:

Loan amount = (Monthly payment/(Annual interest rate/12) ) x (1 – (1/(annual interest rate/12)*number of monthly loan payments)

The math here can get pretty complicated so I suggest using this calculator to do the legwork instead.

Continuing with the example above, that $1,4000 monthly payment over a 30-year loan with an interest rate of 5% would average out to a loan amount of $260,794.26. For the purposes of this article, I’ll round it to $260,000.

Zero in on your down payment amount

These days, you need to be prepared to make a down payment of at least 3.5% – 5%. However, if you aim higher and save up a down payment between 10% and 20%, you’ll have access to better interest rates, which could save you money over the life of the loan.

No matter how much you decide to save, the math will look like the following:

Your total loan amount x down payment percentage = down payment amount

In the example above, if I used my $260,000 loan amount and wanted to make a 20% down payment, it would look like:

$260,000 x 0.20 = $52,000

The answer you get is equal to the amount that you should aim to save up to put towards a down payment.

Luxury Home Market in U.S. Remains Chilly in Mid 2019


By Michael Gerrity

Despite a modest rebound in prices in Q2

Property broker Redfin is reporting this week that the average U.S. sales price for luxury homes nationwide increased 1 percent year over year to $1.64 million in the second quarter of 2019. This marks a modest return to the trend of rising luxury home prices, which was interrupted by a 1.7 percent decline in the first quarter of this year.

For this analysis, Redfin tracked home sales in more than 1,000 cities across the U.S. (not including New York City) and defined a home as luxury if it’s among the 5 percent most expensive homes sold in the quarter. In the other 95 percent of the market, home prices increased 3.2 percent year over year to an average of $322,000 in the first quarter, a continuation of seven straight years of increases.

Sales of homes priced at or above $1.5 million declined 4.6 percent year over year last quarter. That’s the third consecutive quarter of dropping sales in the category, though the decline was much smaller than the 13.8 percent dip last quarter. Sales of homes priced under $1.5 million dropped 6.7 percent year over year.

Supply of homes priced at or above $1.5 million increased 18.7 percent in the second quarter, the fifth straight quarter of rising luxury inventory and the biggest increase in two years. Supply of homes priced under $1.5 million increased just 2.1 percent annually.

The minor gain in prices, along with dipping sales and a significant increase in supply, suggests that demand for luxury homes is tepid, especially compared to the past few years.

“Luxury home sales have been relatively soft since early 2018 when the tax code overhaul made it so that people with big mortgages and those living in high-tax states and counties couldn’t deduct as much from their annual tax bill,” said Redfin chief economist Daryl Fairweather. “But wealthy Americans who would otherwise be considering a multi-million dollar home purchase may now be a bit spooked that the economic expansion they’ve been enjoying for the past decade could soon be nearing its end.” 

“Business owners and people with large investments are paying close attention to the escalating trade war and other uncertainties in global markets,”

Fairweather explained. “Despite the fact that the economy at home is continuing to grow, these and other signs that a recession could be looming are likely causing well-heeled homebuyers to feel extra cautious about a big purchase or investment. The Fed’s rate cut is unlikely to have a big impact on the course of the economy and especially on the luxury housing market, where buyers are the least rate-sensitive. As a result, I expect to see continued caution in the high-end market as the future of the economy becomes more clear to those whose wealth is most closely tied to it.”

Luxury homes are selling slightly faster than they were last year. The typical luxury home that sold in the second quarter went under contract in 68 days, down slightly from 71 days a year before. That’s the fastest luxury homes have sold in at least a decade. The typical non-luxury home that sold during the same time period went under contract seven days faster than a year earlier, in 56 days.

Just 1.3 percent of homes priced in the top 5 percent sold above list price in the second quarter, down from 1.6 percent a year earlier. That’s a much smaller share of homes sold above list price than the other 95 percent of homes; among those, 23.4 percent sold above list price in the second quarter.

Biggest price gains

Two Las Vegas suburbs are among the cities with the biggest increases in luxury home prices in the second quarter. In Paradise, Nevada, where home prices in the top 5 percent of homes increased 46.8 percent year over year, more than any other city, the average luxury home sold for $1,079,000. In Henderson, Nevada, seventh on this quarter’s list, the average luxury home sold for $1,223,000, up 16.4 percent from the year before.

Cities in Florida, including Fort Lauderdale, St. Petersburg and Tampa, also experienced some of the biggest increases in luxury home prices. Though it’s typical for Florida cities to be among the regions with the biggest increases in the category, this is the first time since the third quarter of 2017 a Florida city hasn’t topped the list.

Biggest price declines

Seattle, Washington, D.C., Honolulu and San Jose–some of the most expensive real estate markets in the U.S.–are among the cities where luxury home prices have dropped the most. In Seattle, home prices for the top 5 percent of the market declined 14.4 percent to roughly $2.2 million in the second quarter, and in San Jose prices in the same category dipped 8.2 percent to $2.37 million.

“Part of the reason prices for luxury homes in Seattle are dropping this year is because it experienced a bigger market boom in all price ranges (especially the high-end market) in the last six years than most other cities, with Amazon and other tech firms bringing folks into the area quickly with high salaries. A bigger rise tends to lead to a bigger fall, and luxury is usually one of the first markets to feel the crunch,” said local Redfin agent Tamar Baber. “Now that the market has cooled down a bit, high-end buyers are scrutinizing their home purchases very carefully. Some of them feel the country could be headed toward a recession and aren’t willing to spend $2 million, $3 million or $4 million on a home right now unless it meets their exact specifications. Luxury sellers are slowly adjusting their pricing accordingly.”


Source: World Property Journal




How LA’s health craze birthed modernist design


In 1969, a banner year for counterculture, the casual use of the term “hippies” in a letter penned by Dr. Philip Lovell seemed appropriate for the time. But this correspondence between Lovell, an LA-based health-food evangelist and self-proclaimed naturopath, and Richard Neutra, a pioneering modernist architect, offers fascinating insight into a relationship that would eventually reshape Southern California architecture.

“Richard, you and RMS [Rudolph M. Schindler, another modernist architect of the era] were the ‘Hippies,’ the protestors of those years in the field of architecture,” Lovell wrote to the architect of his famous home, known as the Lovell Health House, a concrete-and-steel structure built into the hills near Griffith Park in the late 1920s, when the area was still wild.

The Lovell Health House launched Neutra’s career—he described it as going from a starvation diet to a career—and helped create a template for sleek, streamlined homes. The look was liberally borrowed by the Case Study homes that would create a pattern library for midcentury modern residential design.

It also, as the name implies, was rooted in California’s longstanding role as a center for health, wellness, nutritional fads, and sunshine, as Lyra Kilston recounts in her excellent new book Sun SeekersThe in-depth look at how early 20th century wellness trends converged upon Los Angeles holds up the Lovell Health House as a reflection of both the physical and social landscape. Lovell, a nutritional advocate and newspaper columnist who embraced raw foods and sunbathing, simply wanted his new home to reflect his beliefs.

“His radical ideas about health dictated that these buildings developed the way they did,” Kilston tells Curbed. “The architect was brilliant and did plenty of incredible things, but in this case, he catered to a particular client’s interests. We have to thank LA for being the kind of place where a wacky health nut could make enough money to commission a house like this.”

One of Neutra’s apprentices named this style “raw food architecture” (critic Esther McCoy would put a sharp spin on the turn of phrase, saying that “the ‘raw-food architecture’ of the ‘20s became the caviar by mid-century”). Neutra’s design was as stripped-down and nature-oriented as a tall, tanned doctor pushing the benefits of a vegan diet.

Kilston’s book deftly connects the myriad threads between European health fads, early modernist architecture, and the synthesis of both in the high-end homes that began to stack up on Los Angeles hillsides.

In the late 19th century, Europe was a hive of research activity into the benefits of fresh air, exercise, and recouperative healing, ideas that quickly began traversing the Atlantic. There are direct connections between the sanitarium designs of Europe and New York, and what would later happen in California, according to Kilston.

In 1903, Carl Schulz established the first Naturopathic Institute in Los Angeles. It was an early milestone in the modern wellness movement, which found Southern California, and its ideal climate to be a rich breeding ground for ideas and cures.

“If you believed this stuff, it only makes sense you’d seek out a place that didn’t have winter,” she says. “If you thought crowded European cities were disease-causing, this would be the place.”

At the same time, Neutra, who had studied the nascent modernist design ideas of Bauhausmembers such as Walter Gropius, was enamored with modern architecture. Before he came to Los Angeles, he worked for the Chicago firm of Holabird and Roche, learning about new advances in steel skyscrapers and modern construction techniques. The sleek, industrial look coming to the fore in the architecture world would marry perfectly with the kind of stripped-down lifestyle being nurtured in the California sun.

As Kilston says, while the building itself is an established part of modern architecture’s family tree, the influence of the client often gets overlooked.

The creative collaboration between architect and client took advantage of all these converging trends. Lovell, who wrote a column for the Los Angeles Times Sunday magazine called “Care of the Body,” had become a local legend in a burgeoning scene filled with natural food restaurants and health spas, as he planned his new home.

Neutra’s design for the house, set into a chaparral hillside, would fuse Lovell’s ideas on health with his modernist vision: abundant windows for sunbathing, a kitchen optimized for a raw-food diet, a pool for soaking, and a yard planted with fruit-bearing avocado trees. The main interior stairway included a mounted set of headlights from a Model T Ford; a machine for healthy living.

In its bid to evoke a robust, sinewy body, the Health House pioneered new construction techniques. Neutra used a then-novel steel frame, reportedly for the first time in a residential building, and filled in the gaps with sprayed concrete, or gunite, applied by shooting it through a tube. A model of simplicity, the entire design would be included in the landmark Museum of Modern Art’s 1932 “Modern Architecture” exhibit, which would go on to define the style.

The light, airy skeleton was not only aesthetically pleasing, but lifestyle-enhancing, as laid out in correspondence from Lovell that’s quoted in Sun Seekers:

“There are plenty of opportunities throughout the house for nude sun baths privately taken for each member. Many of the windows are of the latest invention of glass, admitting ultra-violet light. The bathrooms are completely equipped with hydrotherapy equipment, including such things as sitz baths, multiple marathon showers, and the latest type of sanitary fixtures… The ventilation, sunshine, and light ideas are exceedingly modern… every inside bedroom has its accompanying sleeping porch so that sleeping can be done outdoors.”

Read today, it sounds like a celebration of the vaunted indoor-outdoor lifestyle.

As Neutra wrote, decades before the era when midcentury modern became a buzzword, “The climate of California, at least in those halcyon days before the citrus groves and bean fields were crowded out by freeways, parking lots, and subdivisions, was conducive to the germination of a fundamentally fresh form of architectural growth.”

While, like all utopian visions, the vision of a healthier, happier, hillside California would be ruined with sprawl and overdevelopment, the Health House established a template that has been repeatedly invoked, accurately or not. As Kilston writes in her book, “In the new era of antibiotics, the medicinal aura of a healthful, sun-trapping house was translated into other symbols: leisure, pleasure, wealth, the good life. The Hollywood Hills were soon dotted with flat-roofed modern homes whose walls of glass, turquoise pools, and austere patios hung over the glittering spread of the city below.”

While the Health House, which celebrates its 90th anniversary this December, has made a few cameos in popular culture—most famously stepping in as the home of Pierce Morehouse Patchett in the 1997 film L.A. Confidentialand more recently featured in Mike Mills’ Beginners—a core group of fans continues to support its future preservation. But its ongoing maintenance challenges mean the house is perhaps best known as an ideal imperfectly repeated. That home’s reality transposed against the image-saturated, myth-making city from whence it was born perhaps makes it even more quintessentially Californian.

Source: Curbed LA

Author: Patrick Sisson

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Compass is a licensed real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.