After 5 months of doing BPO'S for 5 different companies we finally listed our first REO! BPO'S do lead to REO'S you just have to dedicate yourself to complete these BPO'S on time and tak eon as many as you can. How has everyone out there been doing? I hope we get more, my commercial sales are slow !
Show All Comments
Sort:
CENTURY 21 Beal, Inc. - College Station, TX
Texas Aggie Real Estate, College Station Bryan Texas Real Estate
It really depends on who you are doing the BPOs for but yes they can lead to REO property listings. The best part is that after you get the first few it is easier to get the rest because you have experience.
Jun 14, 2008 08:19 AM
Nicole - Licensed LO and Host of Weekly Radio Show - Roy, WA
Benson Realty, LLC - Banks, OR
Nicole, a BPO is a "broker's price opinion". Hope this helps.
Janice Benson
Jun 14, 2008 08:45 AM
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
I agree...the same thing happened for me as well......outcome equals effort..right...
Jun 14, 2008 01:36 PM
Coldwell Banker - Sacramento, CA
916-342-1372 / DRE# 01706589 Sacramento, CA
Good for you! How many BPO's did you complete before getting this listing? I hope you get many more and prosper as an REO agent...
Jun 14, 2008 03:09 PM
Re/Max Gold - Folsom, CA
Keep in mind that it really does depend on who you do the BPO for. Some companies are valuation
companies and are essentially an outsourcing company for BPO's. The asset management companies are the ones that can potentially lead to REO's. Its tough right now because everyone wants to jump on the bandwagon. A local IndyMac rep told us they literally have thousands of people
trying to get on board with them for REO listings. Those that established themselves a couple years ago are now in the game and highly experienced. In my opinion however many of the REO agents in our area have serious service problems! Several do excellent jobs and will actually take or return a phone call. I think banks need to realize that sometimes going with the guy who has 150 bank listings is probably not going to get be able to really give good service
Jun 14, 2008 06:08 PM
"Lisa The Broker" - Playa Vista, CA
"Lisa The Broker" - Making Dreams Come True
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196
I agree with Danita---getting reo's also depends on the area as well. or you can pay to get listed on theose sites---but for some it' s just a waste of money00I hear al ot of complaints
Jun 27, 2008 03:59 PM
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert
It's great to see that hard work and persverance is paying off for you in
San Diego... hopefully there are more REO listings in your immediate future!
Jul 07, 2008 10:03 AM
Comments(10)