Within just two short years, Compass has grown to be the largest residential real estate brokerage in the San Francisco Bay Area. After purchasing Paragon Real Estate Group and Pacific Union International in San Francisco in 2018, Compass needed a major Silicon Valley presence. With Alain Pinel Realtors joining the national real estate brokerage this last March, the two firms have united as a powerhouse in Silicon Valley. With APR’s reputation for quality and expertise in the luxury market combined with Compass’ cutting-edge technology and national reach, clients have access to the best of both worlds in a single brokerage. For the 12 months ending November 30, 2019, Compass was No. 1 in MLS market share for the 10 Bay Area counties in all three categories: (1) Total Market Share of 17.6%, (2) Luxury ($5m+) Market Share 37.8% and (3) Ultra Luxury ($10m+) Market Share of 35.3%.
Compass is building the first modern real estate platform, pairing the industry’s top talent with technology to make the search-and-sell experience intelligent and seamless. The goal is to empower agents so they have more time for advising their clients, all in the service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in more than 100 cities.
Buyers and sellers also have an advantage through Compass’ innovative programs such as Compass Concierge and Compass Bridge Loan Services — turnkey programs that make buying and selling easier, faster, and more profitable.
Compass Concierge is a standout program that Silicon Valley customers have been raving about. With Compass Concierge, you are fronted for the cost of home improvement services with no interest, allowing you to sell your home faster and for a higher price. Concierge covers services such as roof replacements, foundation repairs, flooring, painting, and more — all at no upfront cost to the seller. When your home sells, the homeowner simply pays back the funds at the close of escrow. No interest and no additional fees.
Compass Bridge Loan Services is another program launched by the brokerage to bridge the gap between the home you have and the home you want. 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. With Compass Bridge Loan Services, clients have access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of loan payments fronted.
When top producer Therese Swan was asked why she was so excited to be a part of Compass, she replied, “Compass has amazing programs that are so beneficial to buyers and sellers. These new services will further enhance my ability to service my clients. But I have to admit, the thing I am most excited about is the future. Compass will be getting heavily into machine learning and AI. Because of my very strong technical background prior to real estate combined with my success in selling homes, I had the opportunity last year to meet with CTO Joseph Sirosh and provided him with several ideas of applications for machine learning in the real estate industry. What I found out in the process, was that Joseph, who was previously the head of AI/machine learning at Microsoft, was also hiring top AI executives from both Zillow and Amazon, and expected to grow to about 450 engineers in all product areas by the end of 2020. To be part of the future of real estate is just extremely exciting.” Swan’s education includes a Bachelor of Science degree from William and Mary with majors in mathematics and computer science as well as computer science graduate studies at the University of Illinois Urbana-Champaign.
Prior to real estate she worked as an application developer in the tech industry and later migrated into a top sales position selling software and consulting services. She has been a top-producing real estate agent the past 12 years in a row and is consistently among the Top 100 agents in the S.F. Bay Area. In addition, she has been nationally ranked in the Wall Street Journal Top 1,000 agents in the United States.
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Contact: Therese Swan 408-656-8240, firstname.lastname@example.org