Seller Contribution: Step-by-Step Guide

Summary

The Seller Contribution tool allows you to compare the difference in cost and benefit between price reductions, temporary buydowns, permanent buydowns, and seller paid closing costs. Follow the steps below to use the tool.

Navigating to the Seller Contribution Report

You can find your Seller Contribution report within the Loan Comparison tab of the left-hand navigation menu. 

Navigating through the left-hand sidebar menu

To access the Seller Contribution report using the left-hand sidebar menu, click Loan Comparison, then click Seller Contribution.

💡 Helpful Tip: You can favorite the Seller Contribution report by clicking the star next to its name, so it's easier to find next time.

How to Use the Seller Contribution Tool

1. Enter a location: use our Classic Dropdowns by selecting the state and county or use our smart search by clicking Use Smart Search. 
   • Our Smart Search lets you search by #MLS, address, county or zip code. Click the green search button. 
     • If the location is found, it will automatically populate below.
     • If there are multiple results found, you will need to select from the dropdown. 
2. Enter the property information:
   • Name
   • Price
   • Annual Property Tax
   • Monthly Home Insurance
   • Monthly Association Fee
3. Click Next.
4. Enter the loan information:
   • Loan Name
   • Down Payment
   • Term
   • Loan Program
   • Loan Type
   • Rate
   • Points
   • Monthly Mortgage Insurance
   • Closing Costs
5. Click Next.
6. Select the Contribution Scenarios you would like to include by clicking the check box next to the scenario. You can add as many as you’d like. The options are:
   1. Price Break Discount: Enter the below information for each if you’re including it in your report.
      • Price Discount Amount
      • New Price
      • New Down Payment
      • Reduction in Down Payment
      • Monthly Mortgage Insurance
      • Seller Paid Closing Costs (if any)
   2. Permanent Buydown:
      • Points
      • Cost of Points
      • Rate
      • Seller Paid Closing Costs (if any)
   3. Temporary Buydown:
      • Select the Buydown Loan from the dropdown
      • Note Rate
      • The Rate each year
      • Seller Paid Buydown Costs
      • Seller Paid Closing Costs (if any)
   4. Paid Closing Costs:
      • Seller Paid Closing Costs
      • Rate
7. Click Results.

Your report will then be generated. Adjust the slider on the top left of the page to reflect the amount of time your customer plans on staying in the home. Estimates in your analysis will be based on the number of years selected.

Go to the next article to learn more about your Seller Contribution report results.

Need Help?

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