To calculate the property valuation discount for a home buy case

The procedure to calculate the property valuation discount for a home buy case is as follows:

Using the Advanced search spy-glass (), select Home Buy Case as the Search for and Search by category, and enter the Case ID as the search criteria 1.
With the Results tab in current focus, double-click on the row containing the exact record match, or return to the Criteria tab and refine the search filters. The Home Buy Case Details window is displayed.
Click on Discounts. The Discounts tab is activated, prepopulated with all contributory elements to the final discount, and therefore the resulting property purchase value. Certain fields are worthy of special note and are captured in the table below.
Using the Valuation type drop-down field, select the combined valuation category and calculation method applied to the property in the home buy case e.g. Fair Value - Comparable.
Enter the combined length of tenancy used for the discount calculation in the Years qualifying field provided 2. The Up and Down arrows are available to increment or decrement the value, as required.
Use the Years qualifying notes field to add contextual information in support of the qualifying tenancy period recorded.
Where a tenant is eligible for a further discount on the offer value due to excessive delays in their application, enter the Delay amount into the field provided. The Up and Down arrows are available to increment or decrement the value, as required.
Enter any Discount reduction value into the field provided i.e. an amount used to offset previously incurred costs or unpaid bills not already recovered.
Using the Reduction reason drop-down field, select a parameter value to qualify the circumstances surrounding the discount reduction value being applied to the overall sale price.
Use the Reduction notes field to add contextual information in support of the discount being reduced.
Click on Calculate Discount 3. The initial Discount (%) and equivalent Discount amount, along with the final Offer discount and Offer value, reflect the calculated results.

Note

1 Additional search criteria may need to be employed (e.g. start and end date ranges, stage, company, status) to ensure that the correct home buy case is returned; an alternative Search by category of Contact or Contact Group may be selected to extend the available search fields.

2 Under the 'Right to Buy' scheme provision only, applicants with a qualifying tenancy period in excess of 5 years are rewarded by an incremental annual discount on top of the baseline level.

3 Each time a change is applied to the contributory elements, the overall discount can be recalculated simply by clicking on the button afresh.

Field	Description
Property valuation	The amount of money the property is worth, determined through an applied valuation type and calculation method.
Percentage purchased	Relevant to 'Social Home Buy' schemes only, this is the share of the property to be purchased by the tenant i.e. this figure would be fixed at 100% for 'Right to Buy' and 'Right to Acquire' schemes.
Actual valuation	The percentage share value of the property.
Cost floor	The combined cost incurred by the landlord on structural repairs, renovation and property improvements within the ten year period leading up to the date of the home buy application.
Previous discount	The total discount received by the applicant (less any repayments) for previous purchases under the 'Right to Buy', 'Right to Acquire' or 'Social Home Buy' schemes.

See related topics...

Home buy cost evaluation management overview

To add a previous property discount to a home buy case

To add a property cost to a home buy case

Using the search facility