Selling a property - Global

Transcript

This training demonstrates how to model the sale of a client’s property in Voyant and decide how to allocate the proceeds, whether toward a new property or into investment accounts. Proper modeling ensures accurate cash flow, debt management, and asset allocation.

Client Example:

• Main Residence Value: €500,000

• Mortgage Balance: €250,000

• Goal: Model property sale and allocate proceeds

Learning Objectives

By the end of this training, you will be able to:

1. Model the sale of a property in Voyant.

2. Apply proceeds to outstanding debt.

3. Allocate funds toward a new property purchase.

4. Allocate funds into investment accounts.

5. Verify transactions in the Dashboard, Cash Flow, and Investment views.

Step 1: Model the Sale of the Property

1. Navigate to the client plan and locate the property.

2. Go to Timing Section → double-click on the year you want to model the sale (e.g., next year).

3. Set this as an End Event for the property.

4. Click Done.

5. Confirm that the Cash Flow chart shows the inflow from the sale.

   • Turn on Details to view exact amounts.

Step 2: Apply Proceeds to Debt

1. Go to the Property screen → select the property being sold.

2. Review the sale proceeds:

   • Example: €236,000 applied to the mortgage, €275,000 net revenue.

3. Go to Debt Screen → confirm that the mortgage balance is now zero.

Step 3: Allocate Proceeds to a New Property

1. Navigate to Property → Add Property.

2. Enter the value of the new property (e.g., €600,000) as a Future Value.

3. Set the Start Event in Timing to coincide with the sale of the main residence.

4. Click Done → proceeds are applied toward the new property.

5. If applicable, add Linked Debt for a new mortgage:

   • Example: €100,000 mortgage linked to the new property.

6. Confirm the new property and mortgage appear correctly in the plan.

Step 4: Allocate Proceeds to Investments

1. If funds are not used for a new property, you can transfer them into investments:

   1. Click + → Transfers.

   2. Select All Surplus.

   3. Choose the target account (e.g., Tax-Free Investment).

   4. Select All Available funds.

   5. Set the event year to the year of the property sale.

   6. Click Done.

2. Verify allocation:

   • Black line above the cash flow chart shows transferred funds.

   • Go to Investments View to confirm the distribution.

Step 5: Support and Assistance

• For plan-specific guidance or questions:

  1. Click the client’s name in the top right.

  2. Select Request Support.

  3. Enter your question in the text box and share client access.

Key Takeaways

• Properly modeling property sales ensures accurate reflection of cash flows and debt balances.

• Proceeds can be applied to a new property, linked mortgage, or investment accounts depending on client goals.

• Verification in Cash Flow, Property, Debt, and Investments views ensures accuracy.

• Communicating allocation options to clients helps them make informed financial decisions.