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Broker Price Opinions
The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Real estate brokers or Agents are given an order through a bpo company to do a BPO by the lender, mortgage company [...]
BPO’s leading to REO’s
By AgentBrokerForum on April 27, 2009
Lets face it, you have something the REO companies want: Your knowledge of the market. Every BPO (Broker’s Price Opinion) you complete is an opportunity to show them your market knowledge. The REO company knows very little (or nothing) about your local market conditions, let alone the condition of the house. They [...]
Posted in Recent | Tagged bpo, bpo comments, bpo companies, bpo company, broker price opinions, completing bpos, listing, real estate valuations, reo, reos | 5 Responses