Manual reservations/offers

Edgewise also allows you to manually add reservations and offers in Seller Central. A reservation placed by the buyer via our marketplace will automatically generate a reservation or offer, but if a reservation happens offline, we support manual reservations and offers.

To add a new reservation:

1. Navigate to a lead profile
2. Click the blue "+" button below Tags, and select "New Reservation"
3. Enter the relevant information (Status, Unit/Lot, and Occupancy Type), and click "Save."

To add a new offer:

1. Navigate to a lead profile
2. Click the blue "+" button below Tags, and select "New Offer"
3. Enter the relevant information and click "Save":
   • Legal Name for the contract
   • Unit
   • Status
   • Purchase Price
   • Occupancy Type
   • Financing Contingency
   • Amount Financed (LTV)
   • Closing Date
   • Comments
   • Line items (upgrades / credits)
   • Deposits
   • Closing Fees

Computed values

Edgewise will compute values (dollar amounts) from offers. This is especially helpful when viewing deal sheets and generating purchase agreements, as Edgewise will handle the math for you.

Total Contract Price

The purchase price of the unit, plus the sum of the offer line items (upgrades / credits).

For example, a $500,000 purchase price with a $15,000 line item (eg, an upgrade) would result in a computed $515,000 total contract price.

Purchase Price Balance

The purchase price of the unit, plus the sum of offer line items (upgrades / credits), minus deposits. Essentially, this is the total contract purchase price, after deposits have been paid.

For example, a $500,000 purchase price with a $15,000 line item, and a 10% deposit would compute a $463,500 purchase price balance.

Deposit: Amount Due

The dollar amount of the deposit. For percentage based deposits, Edgewise will compute the flat dollar amount based on the offer purchase price.

For example, a $500,000 purchase price with a 5% deposit would create a deposit amount due of $25,000.

For flat amount deposits, the deposit amount and amount due will be the same.

Closing Fee: Amount Due

The dollar amount of the closing fee. Closing fees are calculated from total contract price (purchase price plus line items). They are separate from (do not influence) the total contract price and purchase price balance.

For example, a $500,000 purchase price with a $15,000 upgrade would compute a $515,000 total contract price. A 1.5% closing fee would compute a $7,725 closing fee amount due.

Another example would be a "seller's assist". With a $515,000 total contract price, and a flat -$15,000 seller's assist, the closing fee amount due would be -$15,000. In this case, the fee is a flat amount, so the amount due is the same as the fee amount.