I don't know about you all, but I am having a harder time pleasing the BPO  folks.  I am giving them  factual information based on our local MLS and the figures tell the truth.  They are wanting us to go back and get closer comparable properties  When nothing has sold in that area you must go outside that community to find comparable to do the analysis.  

I am also finding, after I have done the work...they order has been canceled.

 

Then, we have spent our time and energy to do the work and will not be compensated for it.

What do you do with this scenario?

 

Ginger of Southport

 

With warm regards,

 

Ginger Harper

http://www.GingerHarper.com

gingerharper@seacoastrealty.com

 

 
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6 Comments on Is it getting harder to please the BPO people?

MAR
11
2011
229,732 Points 1 Featured Post Called Shot Master

I quit doing BPOs. The requirements kept going up, the fees going down, and the turnaround on payment getting longer. Life's too short.
8:49pm • #1
535,883 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I stopped doing BPO's for the same nonsense.
9:08pm • #2
631,102 Points 5 Featured Posts Localism Sponsor Outside Blog

You are the professional that they are requesting the value from. My response is, as every appraiser does, the "COMPARABLES SELECTED ARE THE MOST COMPARABLE OF ALL THOSE AVAILABLE FOR CONSIDERATION. EACH WAS ADJUSTED, AS NECESSARY, FOR DIFFERENCES IN PHYSICAL CHARACTERISTICS AS NECESSARY".

If you don't have the seniority to pull this off, then: Current makret conditions limit the availability of more comparable properties.

 

Give it a try, its only small money.
9:17pm • #3
279,326 Points 2 Featured Posts Outside Blog Called Shot Master

I agree with the ones that say life is to short. Let them hire professional appraisers. There is ONE company I still do them for because all they ask for is 3 solds.
9:41pm • #4
MAR
13
2011
117,688 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp Called Shot Master

Ginger, I have to agree with the above comments, maybe it's time to let the BPO's go, life is too short.
10:11pm • #5
APR
15
2011
462,662 Points 2 Featured Posts Outside Blog

I've only heard of horror stories with BPO's. I wont do them. I don't need more stress added to my life.
1:29pm • #6


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