Compass Concierge is an exclusive service offered by Compass
Concierge Capital for Sellers
How Can Compass Concierge Capital help you?
Concierge Capital is made available by Notable, an independent lender, and it offers clients a 0% APR loan with no up-front costs or hidden fees to help you prepare your home for market. You'll never have to worry about upfront costs or interest.
Concierge Capital helps you enhance the marketability of your home and simplify the process of preparing it for sale.
How does Compass Concierge Capital work?
1. Your Compass agent will help you determine which services can deliver the greatest return on your investment -which services can increase your home’s value the most and set an estimated budget for the work.
2. The entire process is designed for speed, so that work can begin — and your home can sell — as quickly as possible.
3. Your Compass agent will be by your side throughout the process, advising you along the way. When you're ready to start, your Compass agent will be by your side as you engage vendors and commission work.
4. Once the transformation is complete, your home will go on the market.
5. 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.
COMMON USE CASES
Painting, Floor repair, Carpet cleaning & replacement, Staging, Deep-cleaning, Decluttering, Cosmetic renovations, Landscaping, Interior & exterior painting, HVAC, Roofing repair, Moving & storage, Pest control, Custom closet work, Fencing, Electrical work, Seller-side inspections & evaluations, Kitchen improvements, Bathroom improvements, Pool & tennis court services, Water heating & plumbing repair, Sewer lateral inspections & remediation, New Appliances, Light Fixtures, and many many more...
HOW CONCIERGE CAPITAL WORKS
Step 1: Apply For A Loan
Once you’ve signed an Exclusive Listing Agreement (ELA) with your agent, you can apply for Concierge Capital. From there, you can work with your Compass agent to come up with a refresh plan and budget.
Complete the loan application through Notable’s website:
-to determine loan eligibility. This quick online application will ask for customary loan underwriting information, as well as for the name of your Compass Agent. If you are applying using power of attorney on behalf of someone else or the property is part of a trust or estate, Notable will require additional documentation.
*Social Security numbers are collected for a soft credit check which should not impact your credit score or future loan / mortgage eligibility.
Once submitted, the Notable underwriting team will review your application. you should expect to hear back from Notable within 3 business days. Please note, some applications may require additional documentation, which Notable will request within that three-business-day window. At this time, homes held through LLCs and new development homes are ineligible for the Concierge Capital program.
Step 2: Agent Confirmation & Release of Funds
Once Notable has conditionally approved your application, your Compass Agent will receive an automatic request via email and text message to confirm that you have signed an Exclusive Listing Agreement.
Upon confirmation by your Compass Agent, funds will be disbursed to you via a Concierge Capital Debit Card. A virtual card will be made available the same day as approval and your physical debit card will arrive within 5 to 7 days.
Step 3: Complete Your Concierge Project
Working with your Compass Agent, you’ll select and engage vendors to complete work on your home. Please note, you may also use your Concierge Capital Debit Card in stores and online to purchase home improvement materials, staging props as well as moving and storage goods. Should you need to pay a vendor via cash or check, you may submit a cashout request or request a check be sent directly to your vendor via your Notablefi.com portal. With a cashout, Notable will deposit funds directly into the bank account that you have registered with Notable, allowing you to pay cash directly to your vendor or via a payment app such as PayPal or Venmo.
Step 4: Notify Notable of Closing & Repayment Concierge Capital funds are due back to Notable at the close of sale or the first applicable milestone in your lending agreement (e.g., de-listing your home, terminating your ELA with your Compass Agent, 12 months elapsing after Notable’s approval of your Concierge Capital loan, etc).
When your home enters into contract and a sale becomes pending, you or your agent must notify Notable of the upcoming closing. A final invoice will be issued 7 days before the closing date to allow you to use any remaining funds prior to close. To notify a Notable of an upcoming closing, please email firstname.lastname@example.org or call 833.615.0252.
YO U R QU E ST I O N S - A N SWE R E D
Q: Does applying for Compass Capital affect my overall credit score and future loan eligibility or hit my credit report? A: In almost all cases, no. Consumers in California borrowing less than $10,000 may have those borrowings reported to a credit agency.
Q: How long does the Concierge Capital application take? A: Most are very quick! For some borrowers, additional documents (mortgage statements, trust agreements, etc.) may be requested. Make sure you respond to Notable in a timely manner to ensure things are not delayed.
Q: Are there any upfront fees or interest? A: No! This is a no upfront fee, 0% APR loan.
Q: What if my vendors don’t take debit card? A: Notable allows sellers to receive funds directly in their bank account or request a check be sent directly to the vendor. All requests after the first $5K will require proof of invoice or submission of a scope of work document. Please allow up to 3 business days for cash transfers to your account and up to 14 days for check payments to reach vendors via the post.
Want to learn more about Compass Concierge? Visit
For any loan related questions, please contact Notable directly at email@example.com or call 833-615-0252.
Disclaimer: Loans are provided by Notable Finance, LLC, NMLS# 1824748 and are made or arranged pursuant to a California Finance Lenders Law license. Loan eligibility is not guaranteed and all loans are subject to credit approval and underwriting by Notable. Compass is not a lender and is not providing loans as part of the Compass Concierge program.