What is the hardest part of doing a BPO?

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Getting paid.

Apr 19, 2017 11:30 AM

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6

John Pusa

Glendale, CA
Kevin J. May

Hobe Sound, FL
Roy Kelley

Gaithersburg, MD
Fred Griffin Florida R...

Tallahassee, FL
Bob Crane

Stevens Point, WI
Corey Christiansen

Saint George, UT

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Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Not hard. But not worth the chump change that it pays, if you can even collect it.

Apr 19, 2017 12:57 PM

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5

Tony and Suzanne Marri...

Scottsdale, AZ
John Pusa

Glendale, CA
Roy Kelley

Gaithersburg, MD
Lyn Sims

Schaumburg, IL
Bob Crane

Stevens Point, WI

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Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Working for peanuts ... below minimum wage.

Apr 19, 2017 12:46 PM

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5

Fred Griffin Florida R...

Tallahassee, FL
Tony and Suzanne Marri...

Scottsdale, AZ
Roy Kelley

Gaithersburg, MD
Lyn Sims

Schaumburg, IL
Bob Crane

Stevens Point, WI

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Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

Making them worth your while comes to mind. Fortunately my time is more valuable than that.

Apr 19, 2017 11:37 AM

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4

Cheryl Dukes . . . . ....

Atlanta, GA
Roy Kelley

Gaithersburg, MD
Bob Crane

Stevens Point, WI
Corey Christiansen

Saint George, UT

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

Nothing hard about it... pretty much like doing a CMA... but you do need to know your market.

Apr 19, 2017 11:25 AM

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3

Roy Kelley

Gaithersburg, MD
Bob Crane

Stevens Point, WI
Corey Christiansen

Saint George, UT

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Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

When you know the answers all the questions are easy.

Nothing hard about a BPO. That may not be true for you.

However, it is the self-talk that follows, "What, this is all I get paid!" that becomes difficult.

Apr 19, 2017 12:53 PM

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2

Roy Kelley

Gaithersburg, MD
Bob Crane

Stevens Point, WI

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Richie & You

people first-then business - Riverside, CA

Author & Consultant

Getting up and going to do it

Apr 19, 2017 12:47 PM

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2

Roy Kelley

Gaithersburg, MD
Bob Crane

Stevens Point, WI

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Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Knowing your market and finding the comps. Our resident BPO expert Scott Godzyk may have some thoughts!

Apr 19, 2017 12:12 PM

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2

Roy Kelley

Gaithersburg, MD
Lyn Sims

Schaumburg, IL

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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Kathleen Daniels nailed this one!

Apr 20, 2017 04:29 AM

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1

Fred Griffin Florida R...

Tallahassee, FL

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Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

I complete 2-4 bpos every day, near 7 days a week. The hardest part of any bpo is finding similar sold comps and then using correct amounts to adjust for differences

Apr 19, 2017 05:12 PM

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1

Roy Kelley

Gaithersburg, MD

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Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Adjusting price if there is no similar comps matching your property, especially if you have no idea what is the condition of the home.

Apr 19, 2017 04:04 PM

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1

Roy Kelley

Gaithersburg, MD

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William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Getting paid enough to make it worth while or even getting paid at all.

$25 doesn't pay for me to drive out of the driveway

Apr 19, 2017 02:57 PM

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1

Roy Kelley

Gaithersburg, MD

Rainmaker
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Lyn Sims

Schaumburg, IL

Real Estate Broker Retired

The stupid paperwork & it not being very computer friendly.

Apr 19, 2017 02:41 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
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Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Knowing and adjusting the comps. Too much work for too little money!

Apr 19, 2017 02:13 PM

Upvote

1

Roy Kelley

Gaithersburg, MD

Rainmaker
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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Knowing what to put into them.

Apr 19, 2017 02:05 PM

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1

Roy Kelley

Gaithersburg, MD

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Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

It is a whole lot of work, travel time and looking for comps and then you have to fight to get paid.

Apr 19, 2017 01:28 PM

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1

Roy Kelley

Gaithersburg, MD

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Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Knowing how to make the proper adjustments.

Apr 19, 2017 01:11 PM

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1

Roy Kelley

Gaithersburg, MD

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Barbara Todaro

Keller Williams Elite - Franklin, MA

"connecting land with builders"

I haven't done one of those for decades.... you make "short money"....

Apr 19, 2017 12:15 PM

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Roy Kelley

Gaithersburg, MD

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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Working like a dog for pennies

Apr 19, 2017 11:53 AM

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1

Roy Kelley

Gaithersburg, MD

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177,646

Cheryl Dukes . . . . . Intown Atlanta

Guaranteed Offer for your Home - eXp realty - Atlanta, GA

Thinking about the low amount of money you will make while you try to get it completed.

May 19, 2017 08:21 AM

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Kasey & John Boles

Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID

Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Making sure you are doing them legaly (you are a broker or under broker supervision, etc). Lots of people were doing them illegally back in the downturn and short sale days. -Kasey

Apr 20, 2017 07:41 AM

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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

No money!

Apr 19, 2017 10:26 PM

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John Pusa

Glendale, CA

Locating good comps.

Apr 19, 2017 08:57 PM

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Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

finding solid comps

Apr 19, 2017 08:25 PM

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Olga Simoncelli

Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT

CONSULTANT, Real Estate Services & Risk Management

Trying not to get killed by the squatters in the "empty" house.

Apr 19, 2017 06:36 PM

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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

Ability to accept abuse by these mills wanting instant turn around and treat you as a professional.

Getting paid is important.

Apr 19, 2017 06:03 PM

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Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP

Big Block LPT Realty 858.232.8722 - San Diego, CA

Coastal San Diego, Veteran's & Retirees Services

Would never do one.

Apr 19, 2017 05:17 PM

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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Putting your name on it apparently...

Apr 19, 2017 03:39 PM

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Roy Kelley

Retired - Gaithersburg, MD

Finding and adjusting the comps.

Apr 19, 2017 12:41 PM

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Richard Weeks

Dallas, TX

REALTOR®, Broker

Market knowledge

Apr 19, 2017 12:08 PM

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Not hard. But not worth the chump change that it pays, if you can even collect it.
Making them worth your while comes to mind. Fortunately my time is more valuable than that.
Nothing hard about it... pretty much like doing a CMA... but you do need to know your market.
When you know the answers all the questions are easy.

Nothing hard about a BPO. That may not be true for you.

However, it is the self-talk that follows, "What, this is all I get paid!" that becomes difficult.
Knowing your market and finding the comps. Our resident BPO expert Scott Godzyk may have some thoughts!
I complete 2-4 bpos every day, near 7 days a week. The hardest part of any bpo is finding similar sold comps and then using correct amounts to adjust for differences
Adjusting price if there is no similar comps matching your property, especially if you have no idea what is the condition of the home.
Getting paid enough to make it worth while or even getting paid at all.

$25 doesn't pay for me to drive out of the driveway
Knowing and adjusting the comps. Too much work for too little money!
It is a whole lot of work, travel time and looking for comps and then you have to fight to get paid.
I haven't done one of those for decades.... you make "short money"....
Thinking about the low amount of money you will make while you try to get it completed.
Making sure you are doing them legaly (you are a broker or under broker supervision, etc). Lots of people were doing them illegally back in the downturn and short sale days. -Kasey
Trying not to get killed by the squatters in the "empty" house.
Ability to accept abuse by these mills wanting instant turn around and treat you as a professional.

Getting paid is important.