Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Should I offer BPO to the seller's broker before it's listed?
I received a tip that a property is about to hit MLS from a broker that I've only exchanged a few emails with.
Would it be a good idea to offer the full BPO right away, before it goes on market? Or would that encourage them to raise the list price? The market I live in (NYC) is hot right now, with a couple signs of cooling over the past two months.
The broker has been very helpful and I'm hoping to create a mutually beneficial relationship that will last. Ideally, if I offer BPO and it's accepted, I'd hope that she would continue to repeat the process and send me other homes before they go on MLS.