LotWorks Event Flow

Follow

LotWorks Event Flow

The LotWorks Event Flow can be customized for each Land Developer but certain elements remain the same across systems. Below, you'll find general information for the Lot Events and their resulting Statuses in LotWorks.

These event flows follow 1 of 2 tracks: The Lot Draw Track or the Individual Sale Track. Available lots that begin the sale process on one track must be reset to Available before they can be processed on a different track.

Please note that these statuses are independent from the 'Payment Status' and 'Construction Status' of the lot. This means that a lot that is at 'Sold' Status may have any number of Payment and Construction statuses.

 


Bulk Purchase / Lot Draw Track

This Lot Event Flow process is meant for bulk purchases of lots to builders. This process is initiated by the Land Developer.

Lot Status Preceding
Event
Action Next
Event
Description
Unavailable N/A "Edit Lot" N/A Lots that are unavailable for purchase. Typically used for signage / parking, or temporary storage lots.
Available N/A N/A Lot Draw
Assigned
Open inventory lots owned by the Land Developer and available for purchase.
Builder Inventory Lot Draw
Assigned
"Add to Bulk Draw" Lot Draw
Home Added
Open inventory lots owned by the Builder and available for third-party sales.
Spec

Lot Draw
Home Added

"Add Buyer/Spec Home" N/A Quick possession homes owned by the Builder (no home buyer).
Sold Lot Draw
Home Added
"Add Buyer/Spec Home"   N/A Homes owned by the Builder (with home buyer).

In this event flow, the actions "Edit Lot" and "Add to Bulk Draw" are Developer-only actions while "Add Buyer/Spec Home" can be done by both the Developer and Builder.

NOTE: The Lot Draw process does not include third-party holds (Builder to Home Buyer). These should be managed by the builder outside LotWorks.

 


Single Lot Hold/Sale Track

This Lot Event Flow process is meant for single lot purchases. This process is initiated by the Builder.

Lot Status Preceding
Event
Action Next
Event
Description
Unavailable N/A "Edit Lot" N/A Lots that are unavailable for purchase. Typically used for signage / parking, or temporary storage lots.
Available N/A N/A Hold Requested or
"Purchase Requested
Open inventory lots owned by the Land Developer and available for purchase.
On Hold Hold
Requested
"Hold Lot" Hold Approved Lots owned by the Land Developer but being held for Builder for a limited time.
Spec Purchase
Requested
"Purchase Lot" (on spec/showhome option)
Sale Approved Quick possession homes owned by the Builder (no home buyer).
Sold Purchase
Requested
"Purchase Lot" Sale Approved Homes owned by the Builder (with home buyer).
         

In this event flow, the actions "Edit Lot" and "Approve Sale" are Developer-only actions while "Hold Lot" and "Purchase Lot" can be done by both Developer and Builder.

NOTE: Spec lots may be moved to Sold by either Developer or Builder by adding Home Buyer information ("Add Home Buyer" button).

NOTE: Showhomes may be requested by the Builder but require Developer input to complete the setup process. This is done by selecting "Edit Lot" and changing the Sale Type of the lot to "Showhome".

 

Have more questions? Submit a request

Comments