One of the main draws to my blog includes my free BPO list I make available to all agents. What goes into a good BPO list? How do you know which are the good and bad companies? Constant Work-in-Progress Since I compiled my list back in 2009, there have been many changes in the BPO/REO [...]
No shortcuts Some real estate agents think that they can just call a bank and ask for their REO Department, and BOOM! Instant BPOs and REO listings! In the real world, that’s not the way it works. It takes hard work, just like anything else in life. There are no shortcuts – you must put [...]
In today’s market, dominated by short sales and REO properties, a new breed of real estate agent has emerged: The BPO Guy. You many know The BPO Guy – he (or she) does hundreds, if not thousands, of BPOs each and every year as their primary source of income. You might even BE The BPO [...]
It takes a special kind of person to deal with the headaches of evicting a tenant! (That’s why you love your job though, right?)… Most people would cringe at the idea of knocking on a door, telling a family they need to move out within xx days…but as an REO agent, that’s part of your [...]
The Argument Many appraisers try to argue that broker price opinions are a HUGE problem in the market. they say that BPOs are causing all sorts of problems since they are basically “cheap appraisals” and the old adage “you get what you pay for” applies. In general, here’s the argument from the appraisers:
Most agents have a goal of obtaining REO listings – this is the main reason why agents perform BPOs, trash-outs, cash-for-keys, and all those “pesky” tasks which pay very little money. The big money is in the REO listing – RIGHT? Not so fast… Sometimes, the REO listing can be more of a hassle than [...]
As mentioned in the last post, I am going to talk about HOSTING your website. This topic took me awhile to actually “grasp” the concept. But for those of you who are new, I’d like to try to simplify the concept of web hosting. When you purchase a domain name such as www.yourname.com, you just [...]
How do you choose a name? It’s an important decision, because it’s a great way to “brand yourself” and carve out your niche in your marketplace. Many agents today have websites with YourName.com. How’s that for branding yourself? Nothing better than your own name!
Ok I am back – I haven’t added a new post in several weeks…some of you may have wondered where I was! Let’s see – there was a lot of projects I was working on, and I was out of town for a vacation as well. My family visited Puerto Vallarta, Mexico. If any of [...]
Sometimes it can be hard to keep track of all your BPOs or REO properties. The best agents in the industry have some sort of killer tracking system so that nothing falls through the cracks. Let’s go over a few essential items/categories that should be included in your own personal “tracking system”. Order Date/Due Date [...]
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