America's Largest Social Network for Default Real Estate Professionals
Since I’m new to BPO’s I have a few questions....
1) how do I find out a homes Style?
2) What is the best way to describe The subject property? Best way to describe subject neighborhood?
3) And where do you get the stats or statistics of the neighborhood?
4) Should we use absorption rates? Is so can you give me an example on how you would write it out.
Thank you everyone!!!
ok thank you
In Alabama, I have been doing BPOs for them for years also. They typically start with me for $35. Generally I do them for $50-$60 if I can tell it will be an easy one.
The ones that they had been sending me were for $30 and now they have upped the fee to $35 which is still too low!!
I am worth more than $30, I will not accept anything less than $50 from any BPO company. I am not working for nothing and even at $50 the fee is to low, but I am willing to do exteriors for that.
it seems to me that there must be some folks out there with auto accept,that will accept any file given to them, that is really sad.
Wow I see so any of you saying that you wont work for less than a certain amount, etc. You have NO POWER to dictate! There are thousands of agents who will do them for 5 bucks! If some of you demand higher fees and actually get business, my hats off to you. I do about 5 to 10 a DAY. Ive driven 120,000 miles in just my surrounding county over the last 4.5 years just doing them. You name them---Ive done work for them and only once in a while will I get a higher fee IF its wayyy out, say 30 to 40 miles away. Some of dislike $30. Well, Ive completed 268 orders in the last 5 months for one company at $30 each. Do the math. What really chapped my hide was CoreLogic and their stupid BID system. That way we cut our own fees and they didnt have to . LOL Its actually genius. I believe Ive done over 5,000 total BPOs. I aint taking trips to Europe on that money but its sure been constant and paid the bills. Plus, you write of 50 cents a mile for taxes! Thats huge.
sounds to me you are working for minimum wage-you are selling yourself out-you are hurting yourself and family-
Now, now, boys. Let's not make judgements. To each his or her own. On his own time, in her own way.