JB from Coastal explains the value of doing an upfront BPO from jbbeyer on Vimeo.
This is footage is from one of our advanced Short sale classes.
Here I talk about the value of doing an upfront (BPO) Broker Price Opinion to support your first offer. Real estate agents are taking our advice and using a “Bottoms Up” approach in order to gain activity. If you are a buyers agent and see the home your clients would like to make an offer on. We recommend doing a upfront BPO to support your lower than list price offer. If you want the bottom line price buyers need to be prepared to bring in their own closing costs and prepaid items.Making an additional list of repairs with a contractor ’s letterhead also serves as data to help support low offers and work our way up.