How to Create a Purchase Profile

Before bidding on a property, setting up a purchase profile can help you save time when it comes time to check out and get your offer in for the seller to review. It’s a quick and easy process on Xome.com! 

To create a purchase profile:

1. From your Auction Dashboard, click on Purchase Profiles. Then click the Create a Purchase Profile button. 
2. In the Purchase Profile field, type the name for your profile. You can have multiple purchase profiles on one account, so make sure the name you choose makes it easy to differentiate between them. 
3. In the What best describes you? dropdown field, select the role that goes with this purchase profile.  
    
   Note: To purchase properties in their First Look period, you must be either a Home Buyer, Nonprofit, or Government Entity.

If you select Agent: 

1. You will need to indicate if you are buying the property for yourself. Select Yes or No. 
2. Choose how the property title will be vested. If you are buying the property for yourself or on behalf of an owner-occupant, choose As an individual. If you are buying this property on behalf of a nonprofit, government entity, or company, choose As a legal entity. 
3. Fill out the Agent Information fields with your professional information.  
4. For properties that will be vested as an individual, fill out the Buyer Information fields with your buyer’s information. If the property is also being purchased on behalf of an additional person, you can click the Add another Co-Buyer’s info button to add field for their personal information. 
5. For properties that will be vested as a legal entity, fill out the Legal Entity Information fields with your organization’s information.  
6. If you’re working with a legal entity, you will need to upload documents proving that your client’s organization qualifies, such as articles of incorporation, LLC documentation, and more. You can drag and drop them into the area under Upload your Legal Entity Documents or click the Browse button to select the files on your computer. 
7. Under Payment Information, select the type of payment you will be using to purchase the property from the Payment Type dropdown. 
8. If you have proof of funds or a prequalification letter, select Yes and upload your documentation. You can drag and drop it into the selected area or click the Browse button to select the files on your computer. 
   
   Pro Tip: If you don’t have the proof of funds, it’s time to get that taken care of! This documentation will be required during the checkout process for a property. 
   
   
9. To save your work and leave, click the Save & Exit button. To verify the information once more before saving, click the Save & Continue button.  

If you select Investor: 

1. You will need to indicate if you are buying the property for yourself. Select Yes or No. 
2. Choose how the property title will be vested. If you are buying the property for yourself or on behalf of an owner-occupant, choose As an individual. If you are buying this property on behalf of a nonprofit, government entity, or company, choose As a legal entity. 
3. For properties that will be vested as an individual, fill out the Buyer Information fields with your personal information. If the property is also being purchased on behalf of an additional person, you can click the Add another Co-Buyer’s info button to add field for their personal information. 
4. For properties that will be vested as a legal entity, fill out the Legal Entity Information fields with your organization’s information.  
5. If you’re working with a legal entity or you have your own company, you will need to upload documents proving that the organization qualifies, such as articles of incorporation, LLC documentation, and more. You can drag and drop them into the area under Upload your Legal Entity Documents or click the Browse button to select the files on your computer. 
6. Under Payment Information, select the type of payment you will be using to purchase the property from the Payment Type dropdown.  
7. If you have proof of funds or a prequalification letter, select Yes and upload your documentation. You can drag and drop it into the selected area or click the Browse button to select the files on your computer. 
    
   Pro Tip: If you don’t have the proof of funds, it’s time to get that taken care of! This documentation will be required during the checkout process for a property. 
   
   
8. To save your work and leave, click the Save & Exit button. To verify the information once more before saving, click the Save & Continue button. 

If you select Home Buyer: 

1. You will need to indicate if you are represented by an agent. Select Yes or No. 
2. Choose how the property title will be vested. Choose As an individual. 
3. Fill out the Buyer Information fields with your personal information. If you are purchasing the property with another person, you can click the Add another Co-Buyer’s info button to add field for their personal information.  
4. Under Payment Information, select the type of payment you will be using to purchase the property from the Payment Type dropdown.  
5. If you have proof of funds or a prequalification letter, select Yes and upload your documentation. You can drag and drop it into the selected area or click the Browse button to select the files on your computer.  
    
   Pro Tip: If you don’t have the proof of funds, it’s time to get that taken care of! This documentation will be required during the checkout process for a property. 
   
   
6. To save your work and leave, click the Save & Exit button. To verify the information once more before saving, click the Save & Continue button. 

If you select Nonprofit or Government Entity: 

1. Fill out the Legal Entity Information fields with your organization’s information.  
2. You will need to upload documents proving that you are a qualifying legal entity, such as articles of incorporation, LLC documentation, and more. You can drag and drop them into the area under Upload your Legal Entity Documents or click the Browse button to select the files on your computer. 
3. Under Payment Information, select the type of payment you will be using to purchase the property from the Payment Type dropdown.  
4. If you have proof of funds or a prequalification letter, select Yes and upload your documentation. You can drag and drop it into the selected area or click the Browse button to select the files on your computer.  
    
   Pro Tip: If you don’t have the proof of funds, it’s time to get that taken care of! This documentation will be required during the checkout process for a property. 
   
   
5. To save your work and leave, click the Save & Exit button. To verify the information once more before saving, click the Save & Continue button.