Newbie looking for some BPO help

[SFS561]

Hello all -- I'm somewhat new to the BPO scene and I was wondering if I could get some help from any of the more experienced people out there. I'm having trouble finding a website that offers info on the original list price of sold comps, days on market, room count, adjustment $ (+/-).

Also can't seem to find a place that has info on the subject property in terms of previous sales: dates listed, dom, list price, expired sales, and normal marketing days in the subject area.

Can anyone help me out please?

[Jackie]

SFS561, Welcome...Your MLS system should have all of this info. You are a broker aren't you? If it doesn't get a new one.. It may not have a complete room count but that's O.K. square footage is more important. Any MLS system I have ever seen has most all the info you need. If it doesn't then sometimes you must guess ie; age, sq. ft., room count etc. MLS here does not have a room count. I have to guess almost every time but as I mentioned earlier because the room count is 6 on the subject and 8 on a comp does not make it better or worse. It is the sq. ft. that counts and that is what they look for.

A few notes.....You will get better and faster after you do a few. Also they will offer you little money..Could be $35---$75???... Don't be a fool and take that pittance as so many other uninformed brokers do. You should be able to get $150---$200 or more. Do not prostitute your time, equipment and services! Read the thread I started "BPOs companies and money" and the replies and you will better understand me. Read also "$250 BPOs" and those replies. There are many people out there that work for next to nothing. If I were you, before I did that I would find other work!!!

Good luck,

JACKIE

[SFS561]

Jackie, thanks so much for your reply. I have just been assigned to handle the smaller drive-by BPOs, so I haven't been given too much information on how to handle finding such information in an MLS system. I just recently felt my way through my first BPO blind, but the company was still requesting the information I listed in my original post.

Any suggestions for an MLS system? None of mine have any of this information, hence my post to this site seeking help.

Thank you again!

[Jackie]

SFS561, send me your e-mail address and I will send you an MLS listing that MAY? help you. jcapusvi@islands.vi . The only way I know to get days on market, original list, etc is from MLS. Where else??? If you don't have it on your listing, I guess you must guess! or call the listing broker??? I don't think I would be doing that because they probably will not want to be bothered. If it were me.....I would guess! It is hard for me to believe that this info used by all of us is not on the listing.

Jackie

[thebpoguru]

[QUOTE=SFS561;119388]: dates listed, dom, list price, expired sales, and normal marketing days in the subject area.

QUOTE]

This all should be in your MLS. if you cant find any expired sales on the subject property then maybe it has never expired off the market? as far as normal marketing days I useually pull up the solds in the neighborhood for the last 6 months and do an average of DOM. Our mls will let us export this info in excel. if yours doesn't then is old calculator time

as far as adjustments - I try to do as few adjustments as possible. Ofcourse try to find the most compairable properties. Then if the subject property is a greater value because of say an in ground swimming pool - I add a couple thousand to the comp adjustment to compensate for a swiming pool. If a comp is on a pond and the subject is not - I may subtract $10k from the comp. Pond lot premiums in my area are useually around $10k. It really just depends on the neighborhood and what is more desirable in the market.