Real Estate Forums

REO/BPO and Foreclosures Real Estate Owned and Broker Priced Opinion topics, as well as discussions on foreclosures and how to make the most of this aspect of the real esate market.

Reply
 
Thread Tools Display Modes
Old 07-24-2007, 02:50 PM
jlnel jlnel is offline
Advancing Webmaster
 
Join Date: Jul 2007
Location: Cape Cod, MA
Posts: 50
jlnel is on a distinguished road
Send a message via Yahoo to jlnel
Default convert BPO to a listing..

Is it common to get the listing for a BPO you did? Looking to do my first one and would love for it to be my listing, is there a procedure after the BPO to get it or is it case by case/ company by company. Thanks, John.
Reply With Quote
Old 07-30-2007, 12:21 AM
jasoncrouch's Avatar
jasoncrouch jasoncrouch is offline
Exclusive member
 
Join Date: Apr 2004
Location: Austin, Texas area
Posts: 705
jasoncrouch is on a distinguished road
Default Re: convert BPO to a listing..

I was wondering - is a BPO simply a broker's opinion of value (our term here in Texas)? I have done a few of these over the years, and several turned into listings for us. Maybe a BPO is specific to banks?
__________________
Jason Crouch, Broker
Austin Texas Homes, LLC
512-796-7653 (cell)
Austin Real Estate
Austin Texas Real Estate
Austin Homes
Reply With Quote
Old 07-30-2007, 06:21 AM
Malok's Avatar
Malok Malok is offline
Uber Real Estate Webmaster
 
Join Date: Jul 2007
Location: Kentucky - in a barn!
Posts: 1,183
Malok is on a distinguished road
Default Re: convert BPO to a listing..

BPO = broker price opinion, so yea, same thing.
__________________
Jennifer Karlen & Jon Karlen
Kentucky Horse Farms - Louisville Kentucky Real Estate - Lexington Kentucky Real Estate
Serving the Louisville KY metropolitan area including Jefferson County - Prospect Shelby County - Shelbyville Oldham County - Goshen, La Grange and the Lexington KY metropolitan area including Fayette County - Lexington Woodford County - Versailles Scott County - Georgetown Jessamine County - Nicholasville
Reply With Quote
Old 07-30-2007, 05:51 PM
jasoncrouch's Avatar
jasoncrouch jasoncrouch is offline
Exclusive member
 
Join Date: Apr 2004
Location: Austin, Texas area
Posts: 705
jasoncrouch is on a distinguished road
Default Re: convert BPO to a listing..

Do you see a lot of BPOs where you are? I have been doing this for almost 11 years, and I have only done a handful. One was for our church, and another was for a friend/past client who was considering refinancing. Is there a good source for these?
__________________
Jason Crouch, Broker
Austin Texas Homes, LLC
512-796-7653 (cell)
Austin Real Estate
Austin Texas Real Estate
Austin Homes
Reply With Quote
Old 07-31-2007, 05:48 AM
Malok's Avatar
Malok Malok is offline
Uber Real Estate Webmaster
 
Join Date: Jul 2007
Location: Kentucky - in a barn!
Posts: 1,183
Malok is on a distinguished road
Default Re: convert BPO to a listing..

I don't see them that often with my business.

Regarding where to acquire them, theres a discussion regarding that here:
http://www.realestatewebmasters.com/thread15844.html
__________________
Jennifer Karlen & Jon Karlen
Kentucky Horse Farms - Louisville Kentucky Real Estate - Lexington Kentucky Real Estate
Serving the Louisville KY metropolitan area including Jefferson County - Prospect Shelby County - Shelbyville Oldham County - Goshen, La Grange and the Lexington KY metropolitan area including Fayette County - Lexington Woodford County - Versailles Scott County - Georgetown Jessamine County - Nicholasville
Reply With Quote
Old 09-08-2007, 12:36 AM
thebpoguru thebpoguru is offline
New real estate webmaster
 
Join Date: Sep 2007
Location: SC
Posts: 28
thebpoguru is on a distinguished road
Default Re: convert BPO to a listing..

sometimes they turn into listings
its case by case and company by company
__________________
http://agenttools.blogspot.com/
Agent Tools - Free Stuff Right now get 250 business cards free - free efax - free email service
Reply With Quote
Old 09-08-2007, 06:13 AM
Mack Perry's Avatar
Mack Perry Mack Perry is offline
Real Estate Web Guru
 
Join Date: Aug 2007
Location: Metro Atlanta
Posts: 370
Mack Perry is on a distinguished road
Default Re: convert BPO to a listing..

What percentage of BPO's that you have done turn into listings?
Reply With Quote
Old 10-04-2007, 03:09 PM
20something RE Guy 20something RE Guy is offline
Real Estate WebMaster
 
Join Date: Sep 2007
Location: Circleville, Ohio
Posts: 136
20something RE Guy is on a distinguished road
Default Re: convert BPO to a listing..

I've done 150 this year so far, had 2 reo listings. One of the companies that gave me a REO listing was not from doing BPOs , but the good ol fashioned means of calling and networking
__________________
My Consumer Blog
How to get REO listings, BPO Company lists, and negotiate short sales FREE.
My RE Website built from Notepad!

Brandon E. Schlichter
HER Real Living
Circleville , Ohio
740-571-1606
Reply With Quote
Old 10-10-2007, 01:50 AM
bpo4agents.com bpo4agents.com is offline
New real estate webmaster
 
Join Date: Oct 2007
Posts: 4
bpo4agents.com is on a distinguished road
Default Re: convert BPO to a listing..

Yeah its a small conversion rate into listings.
Reply With Quote
Old 10-15-2007, 08:17 PM
Lisa_REOGal Lisa_REOGal is offline
New real estate webmaster
 
Join Date: Jun 2007
Location: Howell, MI
Posts: 18
Lisa_REOGal is on a distinguished road
Default Re: convert BPO to a listing..

20something ... who do find is the best source to go to for networking? Are you calling the banks and speaking with Asset Mgrs? Do they want to know your qualifications or anything like that first?

Thanks!
Lisa
__________________
Lisa Bender
Keller Williams
www.clickthishome.com
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

For our members

Main Sections

IDX Coverage Areas

Spiders Welcome

All times are GMT -7. The time now is 05:26 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.