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. |
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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.
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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?
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Jason Crouch, Broker Austin Texas Homes, LLC 512-796-7653 (cell) Austin Real Estate Austin Texas Real Estate Austin Homes |
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BPO = broker price opinion, so yea, same thing.
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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 |
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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?
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Jason Crouch, Broker Austin Texas Homes, LLC 512-796-7653 (cell) Austin Real Estate Austin Texas Real Estate Austin Homes |
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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
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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 |
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sometimes they turn into listings
its case by case and company by company
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http://agenttools.blogspot.com/ Agent Tools - Free Stuff Right now get 250 business cards free - free efax - free email service
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What percentage of BPO's that you have done turn into listings?
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Mack Perry - Atlanta Georgia Real Estate, Atlanta Homes for Sale and the Atlanta Real Estate Blog |
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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
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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 |
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Yeah its a small conversion rate into listings.
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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 |
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