Summary
Bid Over Asking Price will give your clients a clear understanding of how many months it will take them to recoup any costs they used to bid over the asking price, and how the home will continue to appreciate over time.
Navigating to the Bid Over Asking Price Report
You can find your Bid Over Asking report within Client Manager as well as within the Real Estate tab of the left-hand navigation menu.
Navigating through the Client Manager
Client Manager allows you to create reports for your clients using previously saved loan and property details, saving you time when building new scenarios. To learn more, click here.
Navigating through the Menu
To access the Bid Over Ask report using the left-hand sidebar menu, click Real Estate, then click Bid Over Ask.
Helpful Tip: You can also search and favorite reports, tools, and calculators. Click here to learn how.
Creating a Bid Over Asking Price Report
To create a Bid Over Asking Price report, follow the steps below:
- If not already selected through Client Manager, choose a client by typing their name in the field below and select them from the drop-down.
- To add a new client, select + Add new from the drop-down.
- Fill in your client's information and click Next. Name and FICO score are required fields.
- You can also load previously created reports by clicking Saved Reports.
- Select a saved scenario by clicking Load in the corresponding row.
- Select a previously used property from the dropdown or click + New Property to enter and select a new location using an address, city, county, or ZIP code.
- Enter the home's current asking price.
- Enter how much your client is planning on bidding above the asking price.
- Enter the home's current estimated value.
- Select your desired Appreciation Calculation: Forecast, Historical, or Custom.
- Click Calculate.
Your report will now be generated. Click here to learn what’s inside your new report.
Editing your Report
Once your report is generated, you can also review and make changes. Follow the steps below to see how.
1. To make edits to the report, click Edit.
2. Click Edit under Client to make edits to:
- Name
- Primary and secondary email addresses
- FICO Score
- Monthly Qualifying Income
- Debt to Income Ratio
3. Click Edit under Property to make edits to:
- Location
- Current Asking Price
- Bid Above Asking
- Estimated Current Value
- Appreciation Calculation
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Change Display Address (click the drop-down seen below to open these fields for editing)
- Allows you to change how the property address appears in the report without changing the actual property address.
Adding a Agent Co-Branding
You can also add a referral partner's co-branding on your report. To learn more about co-branding, click here.
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Click on + Add under Co-branding.
Use the Co-brand drop-down to select an agent, or click + Add new co-branding partner to add a new agent to co-brand with.
- Select either Display left or Display right to determine how you want the co-branding displayed on the report footer.
- Click Save.
Once you have saved your changes, click Review Report in the top right hand corner of the page to return to the report.
Sharing your Report
Once you've created your Bid Over Asking Price report and made any necessary edits, it’s time to review and share your report. To share the completed report, click Share. A dropdown menu will appear.
- Click Download to download the report as a PDF.
- Click Send a link via email with an optional video recording (not available for some users depending on their company permission settings).
- Click Host a meeting to virtually meet to discuss the report with your client.
- Click Record a Video to provide your client with a clear walkthrough of the report along with your own insights and context.
To learn more about sharing your report, click here.
Want to Learn More?
Go to the next article to see what's inside your Bid Over Asking Price report. Have questions? Submit a ticket or call us today!