The Purchase Analysis bundle makes it easy to quickly build multiple reports at once that you can share with your clients. You can begin to create a purchase analysis one of two ways.
Navigating to Client Manager
Click Clients in the left-hand navigation as seen below, then click Client Manager. Once there, you can add, edit, delete, and create reports for your clients.
Creating a Purchase Analysis through Client Manager
Once you have added clients to your Client Manager, you can start generating reports including the Purchase Analysis. To get started, follow the steps below:
1. Click + Create Report in your client's row.
2. Type "Purchase Analysis" in the search bar.
3. Select the Purchase Analysis report.
4. Click Create.
5. Select a saved property from the drop-down or click + New Property to add a new property. If you are adding a new property, type an address, city, county or ZIP code.
💡 Helpful Tip: Property and loan information is saved to your client, so any updates or changes made will automatically apply across all of their reports where those properties and loans are used. |
6. Enter the Price of the property. Annual Property Tax and Monthly Home Insurance will be automatically calculated. These fields are editable.
- Optional: Add a Monthly Association Fee.
6. Select the appreciation calculation you would like to use: Forecast, Historical, or Custom.
Adding an Alternative Price
If comparing different prices on the same home, you can click +Add alternate price.
1. Click + Add alternate price.
2. Add a Price. Property tax and monthly home insurance will automatically calculate, but you can edit these fields.
3. Click Add.
Adding Additional Locations
Next, you can add up to three different locations for which you can create and compare reports in your loan comparison.
1. Click Add second location or property.
2. Follow steps 5-6.
3. Click Add.
4. You can add one more location by clicking Add third location or property.
5. Click Next to add loan options.
Adding Loan Options
Next, it is time for you to add loan options for your purchase analysis. Keep reading to learn more.
💡 Helpful Tip: Client Manager automatically saves and stores loan options that you create for your clients to help save you time. Making updates and changes to your client's loans in one report will automatically update any reports where that loan was used. |
- Click the drop-down under Loan and choose either a previously used loan or click + New Loan to add a new loan.
- Use the drop-down seen below to select a location.
- Enter a loan name (optional).
- Enter a Down Payment.
- Click the View second loan terms option to quickly make a second loan for the same property.
- Enter the details about the second loan and then click Update. The second loan Amount will then appear in the loan details.
Helpful Tip: Click the Down Payment Reference drop-down to quickly view common down payment percentages and their corresponding loan amounts.
- Add the loan's details including:
- Loan Name (optional)
- Down Payment (select from drop down)
- Term (defaulted to 30 years)
- Loan Program (select from drop down)
- Loan Type (select from drop down)
- Rate
- Points (if applicable)
- Depending on the loan type you selected, Monthly Mortgage Insurance, Mortgage Insurance Premium, Funding Fee, Guarantee Fee and Upfront MIP will be automatically calculated, but these fields are editable.
- Use the checkbox below to finance the Funding Fee, Guarantee Fee and Upfront MIP and add it to the loan amount.
6. Enter or use our worksheet Closing Costs, Credits, and Prepaid & Escrows amounts.
7. Click the Add # loan option to add additional loans. You can add a total of five loan options.
8. Repeat steps 1-6 until all desired loans are added, and click Save after inputting the details of each loan.
9. Click Next once you have completed adding your loan options.
10. Choose which loan you would like to use in your Cost of Waiting analysis.
11. Click Next.
Adding Agent Co-branding
1. To add a referral partner's co-branding, click the drop-down below.
6. Select an agent from the drop-down, or choose a new co-branding parter by clicking + Add new co-branding partner.
7. Choose how you would like their co-branding displayed.
8. Click Next.
Your Purchase Analysis will then be generated along with a Loan Comparison, Cost of Waiting and Buy vs Rent report.
Viewing and Editing Your Report
You can hide reports from your client's view by clicking on the eye icon, as seen below.
Need to make some edits to your reports? You can click on a report’s tile to view or edit the report. Once you have reviewed or edited the report, you can navigate back to your Purchase Analysis bundle by clicking Purchase Analysis in the top left hand corner of the page.
Sharing the Results
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.
Have questions or want to learn more? Submit a ticket or call us today!