How To Do A BPO-Your Step-By-Step Guide
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Our Simple Step By Step BPO Guide
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A Step By Step BPO Guide
We actually created this software for ourselves as we were practicing agents at the time and were doing a lot of BPO work. Many of the companies would send word documents or other pdf forms and we needed a quicker way to be able to fill them out and more importantly not have to start from scratch each time. We created the BPO software and used it internally for a long time until we realized that other people may be interested.
We released the software and to our surprise we have overwhelming response. People loved it but even more shocking was the amount of people just getting started. We kept getting asked for a step by step BPO guide.
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People wanted something that walked them through the process of generating a BPO. They wanted the details of how to do a bpo.
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So we actually wrote and entire book on it that you can get here. The first step in completing your BPO is gathering the information about the subject. You can generally obtain all the subject information about the property from the MLS or tax records and property appraisers site. Gathering all of this information ahead of time will make completing the subject information that much easier. Remember that a lot of the information about the subject is actually generalized information about the market and the neighborhood.
You will want to gather all the information you can about the property ahead of time. Remember to follow along step by step. One of the most important steps of the step by step BPO guide is pulling comparable properties. Almost all BPOs require you to show 3 comparable sold properties and 3 comparable listed properties. These are referred to as comparables.