Broker Price Opinion and Real Estate Agents Making Money with Them
Broker price opinion and real estate agents is a hot commodity these days. Banks frequently use bpo’s to price the long list of foreclosed homes they have waiting on their books. Many agents complain about the process of formulating a liquidated value to appease the bank because most of these values are automated.
Real estate agents [...]
Accepting Broker Price Opinions for Short Sales
Getting a lender to accept a broker price opinion for short sales will not be difficult but you may not get a fair market value for the home. First of all, the bank really doesn’t want to enter into a new agreement that decreases the mortgage amount. They will fight you on the process unless they are getting close to what they already receive for the home. A broker price opinion will much likely favor the lender than the new buyer.
Recently Written
- Broker Price Opinion and Real Estate Agents Making Money with Them
- Questioning The Broker Price Opinion for Reo’s
- Accepting Broker Price Opinions for Short Sales
- Price Your Foreclosure with an Interior Broker Price Opinion
- Using an Exterior Broker Price Opinion to Purchase REO’s
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