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Broker Price Opinions (1 viewing) (1) Guest
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TOPIC: Broker Price Opinions
#12
Broker Price Opinions 2 Years ago  
How many of you do BPO's? I have been doing them for quite some time now. It has been great for learning the market and viewing properties but it seems like they kick everyone back because they did not like the comps. I try to find the closest comps for sales and listings. The sale comps are usually OK but they usually do not like the listing comps. I had one BPO sent back because the listing comp, which was the exact same home, same floor plan, same builder was more than 10% higher priced than what the subject. I am going to register to the certification course, maybe it will shed light on these issues.

At any rate, I have gotten some listings from this but it sure seems like the hard way to do business. What do others of you think?
 
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Broker Price Opinions
paymepayne 2008/07/23 11:21
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gointhedistance 2008/07/23 11:27
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lacygay 2008/08/06 15:51
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gointhedistance 2008/08/07 21:44
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The National Valuation Standards Institute (NVSI) offers the best in BPO certification and BPO Training courses with the most up-to-date information, new and heightened standards, and personalized QC feedback from some of the industry's top valuation managers

STANDARIZATION is key in Broker Price Opinions.  With ALL agents using similar methods, BPO valuations become more precise for the asset managers and valuation managers.  This BPO certification has created that standardization. 

With more and more asset managers and investors requiring their BPO agents to be NVSI Certified, you will gain the edge over your competition...at least before it becomes a Real Estate industry-wide requirement.

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