How to do a "BPO" for a bank-owned property

Make money doing

This is for real estate agents to get in with banks and loan companies doing BPO
(Broker Price Opinion)on their foreclosures. You get paid $100 usually but the real benefit is that you get in with a certain bank and get their listings! Which is really hard to do.

Things You'll Need

• Real Estate License
• Digital Camera
• Access to local MLS

Instructions

1. Go view property, check all appliances, a/c, heater, sinks, toilets, showers, doors, note all damages, repairs needed.

2. Take photos of front of house, both sides of house, street views each way in front of house, each room, a/c unit breaker box, backyard, garage, entry, and any and all damages, repairs needed.

3. Get comparable prices in neighborhood from local MLS. based on sq footage, year built, amenities, # of bdrms/baths. Get 3 sold comparables within the last 3 months, and 3 active comparables.
   Forward all this to loan company. Be sure and request a BPO Referral Agreement. The listing is better than the $100 bucks