I am doing my first BPO tomorrow. Any advice from those of you who are pros. This is an older neighborhood that is kinda run down.

Don't be late!!!

Use good comps and comment extensively why you used them.

Comment comment comment...amd comment somemore! And be careful when you say rundown...that is most likely good condition on most bpo's

It will take you about 1 hour to complete if its your first time, if it takes longer, dont worry, you are still learning. The more you comment on the comps and especially the subject property, the better. Try to get comps that are the closest to your subject property, in the same tract if possible. Good Luck!

They just need CMA. About the auction you value just see what is the market in your area and get it depend should be done on that property, like 15 -20% under the value. Good luck.

HUH?????????????????????

I think the most importent thing to getting more bpo's is being on time, if you fail there quality won't matter because you won't get any more. Start tight on your comps and expand as needed to what you need. if you can get done in 1 hour total it will be a miracle for your first one,mine took almost 3

Thanks so much for the advice. I will let you know how it goes!

Double HUH????????????????????!!!!!!!!!!!!!!

He was asking for companies in another thread so this explains some things.

Jose Cuervo you are a friend of mine!

I'm glad someone else put what I was thinking.

GIVE THEM WHATEVER THEY WANT

When I went to do my first BPO I found out it was occupied so I had limited things I could see about the house. Only a visual from the street. I did get close enough to get the house number in the pic. Do you go look at the active comparables on the inside if you are not able to look at the subject property on the inside to make a valid comparison? What are some of the general things you would describe in this case - roof,paint condition, etc.?