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#370424 - 03/21/11 11:44 PM BPO completed BEFORE putting a short sale listing in the MLS?
MrsSea Offline
Member

Registered: 07/09/07
Posts: 242
Loc: Washington, DC
I may have a short sale listing coming up in the near future, it's depending on whether or not this person gets her loan mod she's applied for. Which would be GREAT, I have no problem losing a potential listing to a loan mod!

I had gotten a suggestion/tip from a guy that occassionally on some short sales will do the BPO before putting the short sale listing in the MLS, makes thourough notes and says it yields more showings and less time on the market...


anyone do this?

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#370669 - 03/24/11 11:33 PM Re: BPO completed BEFORE putting a short sale listing in the MLS? [Re: MrsSea]
BK Estates Offline
Member

Registered: 07/25/10
Posts: 247
Loc: SoCal
How would a BPO lead to more showings or less days on the market?

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#370681 - 03/25/11 06:25 AM Re: BPO completed BEFORE putting a short sale listing in the MLS? [Re: MrsSea]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
Isn't your Friend's suggestion the equivalent of trying to price the property properly at the time it's listed ?

That's the Old Fashioned way, and the BPO you speak of is your own CMA to make sure you can make it move at that price.

Sounds good to me.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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