What is a Broker Price Opinion?
There are a number of reasons when a professional
valuation of property is desired yet a formal appraisal is not required. In these instances, a Broker Price Opinion (BPO)
service is ideal.
The BPO of a residential property is conducted by a local, licensed
real estate professional. The report combines information from a drive-by exterior examination, external data sources, previous
sales data, property assessment data, recent comparable sales and current neighborhood listings, as well as a photograph of
the subject property.
The BPO includes estimate of repairs to obtain fair market value,
neighborhood information, and value estimate (90, 120, 180 day marketing time for "as is" and "as repaired"
values). Photographs include subject and street scene photographs. Front photographs of all comparable sales are also required
by some clients. This product is not an appraisal and does not include an inspection of the interior of the property.
How much will it cost to start my BPO Business?
Our Service Manuals are available by mail complete with sample
forms and a list of current companies odering real estate professionals to do BPO work
The complete manual with
forms is $200.00. No CE is available in print format and this does not include listings on www.bposandmore.com or www.ohioforeclosuresolutions.com website
Assistants can help you do more BPO's. Our "NUTS and BOLTS" training
manual is avaialble for $99.00
How
much money can I make?
As much as you want and are willing to do!
BPO (Broker Price Opinion) Orders will pay between $30 and $250 per order!
There
are mainly two different types of BPO's:
Interior:
Interior BPO's pay anywhere from $50
to $250 depending upon the complexity, distance of the property, availability of BPO suppliers, etc.
Exterior:
For Exterior BPO's, they require far much less time to do, sometimes not even requiring you to go and take pictures
of the property. They can be performed in as little as 30 minutes. Banks and asset managers usually pay out between $30
to $85 per order!
You will soon find yourself doing 5 - 10 or more BPO orders a week!
What are you waiting for? Call us at 330-722-5818 to order your manual or sign
up for class.
Credit card, check, debit cards are all cheerfully accepted.
