Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

Account Closed
  • Astoria, NY
36
Votes |
45
Posts

Should I offer BPO to the seller's broker before it's listed?

Account Closed
  • Astoria, NY
Posted

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.

Loading replies...