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#458625 - 08/03/17 12:00 PM BPO Orders-The Calm Before The Storm. Get Ready!
TheBPOExpert Offline
Member

Registered: 01/22/12
Posts: 114
Loc: Georgia
This summer has been very slow for BPO orders. Our country is just a few billion away from $20 Trillion in debt and interest rates are finally rising which should have been done 10 years ago. The BPO/REO business is about to get crazy. We are about to see who's been living on credit cards since the financial crisis.
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#458630 - 08/06/17 02:43 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: TheBPOExpert]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2333
Loc: Outer Banks
What role will agents have now that all the institutions have access to AVMs that use our mls sold data?
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Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#458634 - 08/07/17 06:15 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: Bigtoe]
TheTexasGal Offline
Veteran Member

Registered: 06/13/06
Posts: 1438
Loc: ^
I think more and more we will be used for PCR's. Although they will have access to our MLS they will still need current photos.

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#458642 - 08/08/17 01:35 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: TheBPOExpert]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2333
Loc: Outer Banks
They don't need agents to take pictures, anybody can do that.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#458646 - 08/08/17 06:15 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: Bigtoe]
grexley Offline
Veteran Member

Registered: 12/14/07
Posts: 516
Loc: usa
The role going forward is to be the agent that gets the listing and inputs the data.

NAR sold us out a long time ago for a pittance.
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"The secret of success is to do the common things uncommonly well." - John Rockefeller


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#458653 - 08/08/17 08:11 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: Bigtoe]
TheTexasGal Offline
Veteran Member

Registered: 06/13/06
Posts: 1438
Loc: ^
Originally Posted By: Bigtoe
They don't need agents to take pictures, anybody can do that.


Exactly

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#458930 - 08/30/17 06:58 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: TheBPOExpert]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 334
Loc: New Hampshire
AVM's killed the BPO industry. There is nothing more to say on the topic. And, to be clear, the residential appraisers aren't doing a whole lot better. In a few years, the only appraisals being done will be for those complex assignments that don't fit an AVM. At least, that's my $0.02.

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#458940 - 08/31/17 06:26 AM Re: BPO Orders-The Calm Before The Storm. Get Ready! [Re: TheBPOExpert]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2333
Loc: Outer Banks
And its all thanks to nar selling our sold data. The salt in the wound is they are keeping the money for themselves and not distributing it back to us. They are no longer a trade association but a leech on our butts.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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