It can take alot of time when you do not know what you are looking for and how to determine price. You have to pretty much be able to look at the property and know what it could sell for, and then back up your opinion by using comps. You can learn and do BPO's but that's just it you have to learn, being a new realtor..make sure you ask your broker before doing any BPo's some do not like you to do them when you are just starting out. My first one took me a few hours..I was like GEEEESSSHHH all this for 60.00 bucks but now I can make several 60.00's per day for extra $$$,but after doing these for a while now I can get it done in about 30-60 minutes including picture taking...good luck! Angie
Registered: 09/29/05
Posts: 21
Loc: SOUTH CAROLINA
Thanks for the response. One more question and then I won't beat a dead horse any more!
I'm about as knowledgable on home sales prices in my town as most realtors probably are. I CONSTANTLY read / call / discuss with my realtor what particular homes are selling for or what they have recently sold for. It's been kind of a hobby of mine for a number of years. I can ride thru about any subdivision and tell you what the homes sell for and am familiar with which areas sell fastest / slowest etc.
With that in mind and acces to the MLS to find and verify comps would you still feel the same about a newby trying this ?
Most of the companies I've worked for want either a minimum sales volume for the previous year, a certain amount of years experience, or have sold/listed some kind of REO property, doesn't seem to matter whether it's HUD, VA, or bank owned.
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