broker price opinions: What is a good BPO worth in the Sacramento area?
- 10/12/12 04:36 AM
What is a good BPO worth in the Sacramento area?Leila Mortaz wrote an interesting post explaining why she would not accept a $20 BPO (Broker Price Opinion), and saying that she thought it was worth $60-75 to do a proper BPO.I agree with her, and have turned down BPO assignments from banks offering $20-25 but requiring tons of information that should be accurately gathered only by touring the property and researching the comps. I simply can't justify spending my time to do that amount of work for less than minimum wage (plus the expense of gas). Banks imply that if you … (17 comments)
|
|
|
|
What is a good BPO worth in the Sacramento area?Leila Mortaz wrote an interesting post explaining why she would not accept a $20 BPO (Broker Price Opinion), and saying that she thought it was worth $60-75 to do a proper BPO.I agree with her, and have turned down BPO assignments from banks offering $20-25 but requiring tons of information that should be accurately gathered only by touring the property and researching the comps. I simply can't justify spending my time to do that amount of work for less than minimum wage (plus the expense of gas). Banks imply that if you … (17 comments)
;)
;)
;)
