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Updated almost 14 years ago on . Most recent reply

User Stats

359
Posts
199
Votes
Michael G.
  • Wholesaler
  • Bay Shore, NY
199
Votes |
359
Posts

Why did my agent show up to a BPO with no sold comps, no documentation, no nothing?

Michael G.
  • Wholesaler
  • Bay Shore, NY
Posted

I am fit to be tied. My agent tells me a BPO is scheduled for last Thurs. I ask her if she has the comps I sent her showing the exact same type of house on the next block sold for 13K less that what we listed. She said the appraisers got all the comps they need already and that they know the area. What! I always thought when agents meet the BPO agent at the property they bring something, anything that would help bring the price in where it should be. I talked to another agent who said they ALWAYS go to a BPO with comps. WTF? Am I missing something?

Most Popular Reply

User Stats

470
Posts
315
Votes
Bill Patterson
  • Real Estate Investor
  • Portage, MI
315
Votes |
470
Posts
Bill Patterson
  • Real Estate Investor
  • Portage, MI
Replied
Originally posted by cashboy2010:
Duhhh - Ya think! I'm trying to find a nice way to tell her to bring comps and a repair estimate next time.

She's got one more of my deals that will need a BPO performed.

I wouldn't worry too much about being "nice". She is working for you and if your requirements are that she bring comps supporting your offer and repair estimates to the BPO agent she should do it. If not, I'd find a new agent.
Bill

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