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#273825 - 02/05/09 02:27 PM Re: Your lowest value yet on a suburban/urban SFH [Re: TB in TX]
beansie53 Offline
Member

Registered: 04/10/08
Posts: 258
Loc: Michigan
Highest BPO was for $3.2M, I regularly go from $5,000 homes to over a mill all the time. We have a wide variety around these parts.


Edited by Jack Brown (02/05/09 02:28 PM)
_________________________
REO/BPO's are my game, Jack is my name.
5th Generation Broker
Est. 1922

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#273831 - 02/05/09 02:45 PM Re: Your lowest value yet on a suburban/urban SFH [Re: TB in TX]
Brandon48202 Offline
Member

Registered: 03/26/08
Posts: 117
Loc: The Ghetto
Must be nice TB in TX! I don't think I've BPOd anything for more than around $250,000. My average sale price is around $10000.

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#273840 - 02/05/09 03:07 PM Re: Your lowest value yet on a suburban/urban SFH [Re: Brandon48202]
Gredneck Offline
Member

Registered: 07/31/08
Posts: 84
Loc: NH
I did a Drive by on a 15 million dollar Home a few months ago.
my BPO range $50,000- 2 million.

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#273857 - 02/05/09 04:31 PM Re: Your lowest value yet on a suburban/urban SFH [Re: Ryan]
CALL TODAY SMILE TOMORROW Offline
Veteran Member

Registered: 06/08/06
Posts: 614
Loc: DETROIT
LOL...........I just have to ring in. I just closed on one today purchase price was...........drum roll please................$1. It cost me $721 in closing costs (crazy) 3/1 frame colonial total rehab needed. The good thing was the commission $1125 and to top it off I donated to a friend of mine. next week I have a closing, $100 for the property and $372 in closing costs (tax prorations waived) with a buyer ready to take it for $100. $1000 commission...........I can do this all day long...........lol
_________________________
NOT JUST A JOB IT'S A LIFESTYLE
JEFFREY SACK
J&S Properties of Metro Detroit

OFFICE (313) 779-1817
Fax (313)865-7406

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#273859 - 02/05/09 04:34 PM Re: Your lowest value yet on a suburban/urban SFH [Re: Gredneck]
Lor63 Offline
Member

Registered: 03/08/07
Posts: 241
my lowest bpo value for a non listing has been $8900.
Have never valued anything over $475,000, thank goodness there is no way i could validate that with comps even if i went 75 miles out!!
I just submitted an offer on a 3/1 wood frame/wood siding home built in 1989 for $4900 and as far as i know we are in the lead..


I VERY OFTEN have QC issues due to the "suburban/urban/rural" issue, a lot of them come to me already labeled urban and non of my local market(3counties)is anywhere near being a typical urban area.. OR they fight me on my rural labeling, I just tell them.. "if the people have chickens, goats or a horse in the front yard, im labeling it a rural area!!" and they let it goo..

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#273912 - 02/05/09 07:54 PM Re: Your lowest value yet on a suburban/urban SFH [Re: Lor63]
sybadon Offline
Veteran Member

Registered: 04/11/06
Posts: 631
Loc: Earth
I have a 2 unit that i came in at 20k for the bpo...one unit vacated, and pipes burst..there is 1 ft of water frozen in a solid block on the first floor. 2nd unit only vacated after the water had to be turned off at the street..it still took 3 weeks. When i went over there, i had to crawl under police tape marking a crime scene ( shooting ) in front of the house..love this business.

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